Port Nelson Annual Report 2012 (pdf)

content
Directors’ Report............................................................................................................................................................................................................................................5
CEO’s Report....................................................................................................................................................................................................................................................6
Community......................................................................................................................................................................................................................................................9
Governance......................................................................................................................................................................................................................................................9
Environment................................................................................................................................................................................................................................................. 10
Port People.................................................................................................................................................................................................................................................... 13
Directors......................................................................................................................................................................................................................................................... 14
Financial Report.......................................................................................................................................................................................................................................... 15
Auditor’s Report.......................................................................................................................................................................................................................................... 16
Statutory Information............................................................................................................................................................................................................................... 17
Statement of Corporate Intent.............................................................................................................................................................................................................. 19
Statement of Comprehensive Income................................................................................................................................................................................................ 20
Statement of Movements in Equity..................................................................................................................................................................................................... 20
Balance Sheet............................................................................................................................................................................................................................................... 21
Statement of Cash Flows......................................................................................................................................................................................................................... 22
Summary of Significant Accounting Policies.................................................................................................................................................................................... 24
Notes to the Accounts.............................................................................................................................................................................................................................. 28
Directory........................................................................................................................................................................................................................................................ 40
purpose
To facilitate regional prosperity
mission
To operate Port Nelson as a successful business providing cost efficient, effective and competitive services and facilities for port
users and shippers.
To provide for the present and future needs of Port Nelson in ways that are sensitive to people, use resources wisely, and are in
harmony with the environment of an export port.
objectives
• To operate as a successful business.
• To be a good employer.
• The debt equity ratio not to exceed 66.67% (40/60).
• To aim to grow the business through stimulation of throughput, added value services and related business activities, so leading to
increased revenue.
• To achieve a commercially acceptable rate of return on shareholders’ funds in accordance with meeting the objectives herein.
• To ensure that port development takes place which meets the needs of the region.
• To ensure that high environmental standards are maintained.
• To strive for continuous improvement in everything that we do.
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