Contents Directory 2 Our Place in the World 3 Facts & Figures 6 Chairman’s <strong>Report</strong> 10 Group Managing Director’s <strong>Report</strong> 12 New Zealand Operating Results 14 Australia Operating Results 16 Asia Operating Results 18 The Americas Operating Results 20 Europe Operating Results 24 Environment 26 Our People 41 <strong>Mainfreight</strong> Technology 43 <strong>Mainfreight</strong> in the Community 44 Executive Team 48 Targets and Achievements 50 Capital Expenditure We have included QR codes throughout this document. These codes can be scanned using a smart phone to access web sites and electronic information. You can download a free QR code reader from your app store. 52 Corporate Governance 57 Directors’ <strong>Report</strong> 58 Board of Directors 61 Ten Year Snapshot of Growth 62 Operating Statistics 65 Income Statement 66 Balance Sheet 68 Statement of Changes of Equity 70 Cash Flow Statement 71 Notes to Financial Statements 113 Auditor’s <strong>Report</strong> 115 Statutory Information 118 Interests Register 119 Five Year Review 120 Glossary of Terms 121 Directory 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 Barrel Hall, Villa Maria Estate, 118 Montgomerie Road, Mangere, Auckland. Full details, including the Meeting Agenda, are contained in the separate Notice of Meeting and Explanatory Notes accompanying this report, and are also available on the Company’s website, www.mainfreight.com or by scanning the QR code below. Board of Directors Bruce G. Plested, CA, Executive Chairman Donald R. Braid, Group Managing Director Carl G. O. Howard-Smith, LLB The Hon. Richard W. Prebble, BA, LLB (Hons) Emmet J. Hobbs, BA, Bloody Nice Guy Bryan W. Mogridge, BSc, ONZM, FNZID Simon R. Cotter, BCom, MAppFin, F Fin Registered & Administration Office 2 Railway Lane*, Otahuhu Auckland 1062 PO Box 14038, Panmure Auckland 1741 Tel +64 9 259 5500 www.mainfreight.com * “<strong>Mainfreight</strong> Lane” if the Council were kind enough Overseas Offices <strong>Mainfreight</strong> Distribution Pty Ltd 1673 Centre Road Clayton, Victoria 3168 Australia Tel +61 3 9267 7300 www.mainfreight.com <strong>Mainfreight</strong> International Pty Ltd 154 Melrose Drive Tullamarine, Victoria 3043 Australia Tel +61 3 9330 6000 www.mainfreight.com CaroTrans International Inc 100 Walnut Avenue, Suite 202 Clark, NJ 07066 United States of America www.carotrans.com <strong>Mainfreight</strong> Inc 1400 Glenn Curtiss Street Carson, CA 90746 United States of America www.mainfreightusa.com <strong>Mainfreight</strong> Express Hong Kong Suite 1901 AXA Tower, Landmark East 100 How Ming Street Kwun Tong, Kowloon Hong Kong www.mainfreight.com <strong>Mainfreight</strong> Express Shanghai Floor 10, City Point Mansion No 1600, Zhong-Hua Road Shanghai 200021 China www.mainfreight.com Wim Bosman Holdings BV Industriestraat 10/12 ‘s-Heerenberg, NL- 7040 Amsterdam Netherlands www.wimbosman.com Auditors Ernst & Young Ernst & Young Building 2 Takutai Square Britomart PO Box 2146 Auckland 1140 Lawyers Howard-Smith & Co Level 7, 36 Kitchener Street PO Box 7066 Auckland 1141 Bell Gully Barristers & Solicitors Vero Centre 48 Shortland Street PO Box 4199 Auckland 1140 Bankers Westpac Banking Corporation 16 Takutai Square Britomart PO Box 934 Auckland 1140 Commonwealth Bank 135 Albert Street PO Box 35 Auckland 1140 Investment Advisors Grant Samuel and Associates Ltd Vero Centre 48 Shortland Street PO Box 4306 Auckland 1140 Share Registrar Computershare Investor Services Limited Private Bag 92119 Auckland 1142 159 Hurstmere Road Takapuna, North Shore City 0622 New Zealand Managing Your Shareholding Online: To change your address, update your payment instructions and to view your investment portfolio including transactions, please visit: www.computershare.co.nz/investorcentre General enquiries can be directed to: • enquiry@computershare.co.nz • Private Bag 92119, Auckland 1142 • Telephone +64 9 488 8777 • Facsimile +64 9 488 8787 Please assist our registrar by quoting your CSN or shareholder number Say it, mean it, do it. Please visit our website to learn more about us, and for investor information: www.mainfreight.com For career opportunities visit: www.mainfreightgraduates.com Please visit our website if you wish to obtain an electronic version of this annual report. Follow us here: Facebook: https://www.facebook.com/<strong>Mainfreight</strong> Twitter: https://twitter.com/<strong>Mainfreight</strong>Ltd <strong>Annual</strong> <strong>Report</strong> Design & Print By Blue Star Group New Zealand Level 2, 86 Parnell Road Auckland 1052 www.bluestargroup.co.nz The <strong>Mainfreight</strong> annual report is printed on environmentally responsible papers, manufactured using Elemental Chlorine Free pulp from Well Managed Forests. It is produced under the environmental management system ISO 14001, which aims to prevent pollution and achieve continual improvement. Printed with vegetable based, mineral oil free inks.
The <strong>Mainfreight</strong> business has become a global enterprise that never sleeps. On any given day our global company is powered by a team with clear aspirations and goals: to continually raise the bar and grow a truly global business. We do this through practising excellence every day. Whether we drive a forklift or a desk, there is no room for “that’ll do”. Our diligence, expectations and high standards run across everything from clean trucks to strategic acquisitions. It’s what we live by; it's what you'll find us doing on any given day. These everyday actions are guided by what’s best for our customers, our people, the communities we work in and our shareholders who believe in o and back us. n any given day 1
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