Annual Report 2013 - Mainfreight
Annual Report 2013 - Mainfreight
Annual Report 2013 - Mainfreight
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Contents<br />
Directory<br />
2 Our Place in the World<br />
3 Facts & Figures<br />
6 Chairman’s <strong>Report</strong><br />
10 Group Managing Director’s <strong>Report</strong><br />
12 New Zealand Operating Results<br />
14 Australia Operating Results<br />
16 Asia Operating Results<br />
18 The Americas Operating Results<br />
20 Europe Operating Results<br />
24 Environment<br />
26 Our People<br />
41 <strong>Mainfreight</strong> Technology<br />
43 <strong>Mainfreight</strong> in the Community<br />
44 Executive Team<br />
48 Targets and Achievements<br />
50 Capital Expenditure<br />
We have included QR codes throughout this<br />
document. These codes can be scanned using a<br />
smart phone to access web sites and electronic<br />
information. You can download a free QR code<br />
reader from your app store.<br />
52 Corporate Governance<br />
57 Directors’ <strong>Report</strong><br />
58 Board of Directors<br />
61 Ten Year Snapshot of Growth<br />
62 Operating Statistics<br />
65 Income Statement<br />
66 Balance Sheet<br />
68 Statement of Changes of Equity<br />
70 Cash Flow Statement<br />
71 Notes to Financial Statements<br />
113 Auditor’s <strong>Report</strong><br />
115 Statutory Information<br />
118 Interests Register<br />
119 Five Year Review<br />
120 Glossary of Terms<br />
121 Directory<br />
The <strong>Annual</strong> Meeting of Shareholders of <strong>Mainfreight</strong> Limited will be held at 4.00pm on Wednesday, 31 July <strong>2013</strong> at the<br />
Barrel Hall, Villa Maria Estate, 118 Montgomerie Road, Mangere, Auckland. Full details, including the Meeting Agenda,<br />
are contained in the separate Notice of Meeting and Explanatory Notes accompanying this report, and are also available<br />
on the Company’s website, www.mainfreight.com or by scanning the QR code below.<br />
Board of Directors<br />
Bruce G. Plested, CA, Executive Chairman<br />
Donald R. Braid, Group Managing Director<br />
Carl G. O. Howard-Smith, LLB<br />
The Hon. Richard W. Prebble, BA, LLB (Hons)<br />
Emmet J. Hobbs, BA, Bloody Nice Guy<br />
Bryan W. Mogridge, BSc, ONZM, FNZID<br />
Simon R. Cotter, BCom, MAppFin, F Fin<br />
Registered & Administration Office<br />
2 Railway Lane*, Otahuhu<br />
Auckland 1062<br />
PO Box 14038, Panmure<br />
Auckland 1741<br />
Tel +64 9 259 5500<br />
www.mainfreight.com<br />
* “<strong>Mainfreight</strong> Lane” if the Council were kind enough<br />
Overseas Offices<br />
<strong>Mainfreight</strong> Distribution Pty Ltd<br />
1673 Centre Road<br />
Clayton, Victoria 3168<br />
Australia<br />
Tel +61 3 9267 7300<br />
www.mainfreight.com<br />
<strong>Mainfreight</strong> International Pty Ltd<br />
154 Melrose Drive<br />
Tullamarine, Victoria 3043<br />
Australia<br />
Tel +61 3 9330 6000<br />
www.mainfreight.com<br />
CaroTrans International Inc<br />
100 Walnut Avenue, Suite 202<br />
Clark, NJ 07066<br />
United States of America<br />
www.carotrans.com<br />
<strong>Mainfreight</strong> Inc<br />
1400 Glenn Curtiss Street<br />
Carson, CA 90746<br />
United States of America<br />
www.mainfreightusa.com<br />
<strong>Mainfreight</strong> Express Hong Kong<br />
Suite 1901 AXA Tower, Landmark East<br />
100 How Ming Street<br />
Kwun Tong, Kowloon<br />
Hong Kong<br />
www.mainfreight.com<br />
<strong>Mainfreight</strong> Express Shanghai<br />
Floor 10, City Point Mansion<br />
No 1600, Zhong-Hua Road<br />
Shanghai 200021<br />
China<br />
www.mainfreight.com<br />
Wim Bosman Holdings BV<br />
Industriestraat 10/12<br />
‘s-Heerenberg, NL- 7040 Amsterdam<br />
Netherlands<br />
www.wimbosman.com<br />
Auditors<br />
Ernst & Young<br />
Ernst & Young Building<br />
2 Takutai Square<br />
Britomart<br />
PO Box 2146<br />
Auckland 1140<br />
Lawyers<br />
Howard-Smith & Co<br />
Level 7, 36 Kitchener Street<br />
PO Box 7066<br />
Auckland 1141<br />
Bell Gully<br />
Barristers & Solicitors<br />
Vero Centre<br />
48 Shortland Street<br />
PO Box 4199<br />
Auckland 1140<br />
Bankers<br />
Westpac Banking Corporation<br />
16 Takutai Square<br />
Britomart<br />
PO Box 934<br />
Auckland 1140<br />
Commonwealth Bank<br />
135 Albert Street<br />
PO Box 35<br />
Auckland 1140<br />
Investment Advisors<br />
Grant Samuel and Associates Ltd<br />
Vero Centre<br />
48 Shortland Street<br />
PO Box 4306<br />
Auckland 1140<br />
Share Registrar<br />
Computershare Investor Services Limited<br />
Private Bag 92119<br />
Auckland 1142<br />
159 Hurstmere Road<br />
Takapuna, North Shore City 0622<br />
New Zealand<br />
Managing Your<br />
Shareholding Online:<br />
To change your address, update your payment<br />
instructions and to view your investment portfolio<br />
including transactions, please visit:<br />
www.computershare.co.nz/investorcentre<br />
General enquiries can be directed to:<br />
• enquiry@computershare.co.nz<br />
• Private Bag 92119, Auckland 1142<br />
• Telephone +64 9 488 8777<br />
• Facsimile +64 9 488 8787<br />
Please assist our registrar by quoting your CSN<br />
or shareholder number<br />
Say it,<br />
mean it,<br />
do it.<br />
Please visit our website to learn more about us, and<br />
for investor information:<br />
www.mainfreight.com<br />
For career opportunities visit:<br />
www.mainfreightgraduates.com<br />
Please visit our website if you wish to obtain an<br />
electronic version of this annual report.<br />
Follow us here:<br />
Facebook: https://www.facebook.com/<strong>Mainfreight</strong><br />
Twitter: https://twitter.com/<strong>Mainfreight</strong>Ltd<br />
<strong>Annual</strong> <strong>Report</strong> Design & Print By<br />
Blue Star Group New Zealand<br />
Level 2, 86 Parnell Road<br />
Auckland 1052<br />
www.bluestargroup.co.nz<br />
The <strong>Mainfreight</strong> annual report is printed on environmentally responsible papers, manufactured using Elemental Chlorine<br />
Free pulp from Well Managed Forests. It is produced under the environmental management system ISO 14001, which aims<br />
to prevent pollution and achieve continual improvement. Printed with vegetable based, mineral oil free inks.