Annual Report 2010 - Christchurch City Council

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Christchurch City Networks Ltd Group structure Annual Report Christchurch Otautahi 2010 p261. Individual organisation descriptions Christchurch City Networks Ltd This company is a council controlled trading enterprise, 100 per cent owned by Christchurch City Holdings Limited (CCHL) and trades as Enable Networks. Enable Networks operates over 250 kilometres of fibre network around Christchurch, providing coverage of over 75 per cent of public and private businesses, and telecommunications and IT services providers within the commercial and business areas of Christchurch. Over half of the schools in Christchurch are contracted to connect to the network with approximately 35 schools connected to date. The company is continuing to expand its network to serve the majority of businesses, schools, health and government organisations over the next two years. Nature and scope of activities Christchurch City Networks Ltd (CCNL) commenced operations in January 2007 to deliver open access high-speed fibre optic networks to metropolitan Christchurch. Policies and objectives relating to ownership and control The Council, through CCHL, is the sole shareholder of this company. The company will: a. make an investment in telecommunications infrastructure through an open access urban fibre network in metropolitan Christchurch, b. encourage and support the development of policy and design standards for making telecommunications ducting mandatory for new building and subdivision consents granted by the Council, c. sponsor the aggregation of demand for telecommunications infrastructure in sectors where a collective approach can bring substantial benefits to consumers, and d. actively encourage private investment in telecommunications infrastructure in Christchurch. Key performance targets 2010 2010 Actual Target Installation of telecommunications ducting in the 2009/10 year 176 km 190 km Network reliability 99.9 % 99.9 % Aggregate demand from schools in order to assist in the transformation of educational services 35 schools connected Connect 20 schools Financial summary Statement of financial performance for the year ended 30 June 2010 2010 2009 Actual Actual $000s $000s Operating revenue 2,945 3,514 Operating and other expenses 2,306 1,550 Operating profit (loss) before tax 639 1,964 Tax expense (benefit) 191 599 Net profit (loss) for the year 448 1,365
p262. Annual Report Christchurch Otautahi 2010 Group structure Christchurch International Airport Ltd Individual organisation descriptions Christchurch International Airport Ltd The international gateway to the South Island, Christchurch International Airport Ltd (CIAL) hosted just over six million passengers in the 2010 year, arriving or departing on over 79,000 aircraft servicing destinations as close as Timaru and as distant as Tokyo. Ten airlines arrive from ten international and 16 domestic airports, meaning a wide range of direct services available to the city’s travellers. The company is embarking on a major project to build a new combined domestic and international terminal. With large passenger lounges, extra seating, improved passenger flows and enhanced retail and cafe areas, the new terminal will offer a top class airport experience. The company is jointly owned by Christchurch City Holdings Limited (75 per cent) and the New Zealand Government (25 per cent). The primary activity of the company is to own and operate Christchurch International Airport efficiently and on sound business principles for the benefit of both commercial and non-commercial aviation users and in accordance with the terms of the aerodrome licence which defines standards and conditions laid down by the Ministry of Transport. Nature and scope of activities CIAL operates the airport for the benefit of commercial and non-commercial aviation users, and in accordance with its aerodrome licence. The company arranges for the design, provision and maintenance of runways, taxiways, turnouts and aprons in co-operation with the Airways Corporation of New Zealand and other airport users. It also seeks to earn revenue by providing services and facilities meeting the needs of air travellers. In addition to its primary business of serving the aviation industry and its customers, the company actively markets Christchurch, Canterbury and the South Island as a major destination for overseas visitors. Policies and objectives relating to ownership and control CIAL is considered a regional strategic asset. The Council’s policy is for it to be operated in a commercial manner, but also in a way that benefits the region as a whole. Through a Statement of Intent, the Council establishes broad parameters reflecting the public nature of this company without inhibiting proper commercial management. To continue to do this the Council has a policy of maintaining a controlling interest in this company. Key performance targets 2010 2010 Actual Target Dividend payment $10,541,000 $11,530,000 Domestic passengers 4,377,773 4,332,107 International passengers 1,622,641 1,588,252 Financial summary Statement of financial performance for the year ended 30 June 2010 2010 2009 Actual Actual $000s $000s Operating revenue 96,140 90,730 Operating and other expenses 58,812 68,641 Operating profit (loss) before tax 37,328 22,089 Tax expense (benefit) 37,588 7,403 Net profit (loss) for the year (260) 14,686 The 2010 results include a one off deferred tax adjustment which has increased the tax expense, therefore reducing net profit (loss) after tax for the year.
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Annual Report 2010 - Christchurch City Council

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