Landcorp - Crown Ownership Monitoring Unit

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LANDCORP FARMING LIMITED AND SUBSIDIARIESDISCLOSURES IN TERMS OF THE COMPANIES ACT 1993 CONTINUEDDirector Organisation PositionM L James Farmers Mutual Group Ltd DirectorFarmers Mutual Finance LtdDirectorStaples Rodway (Taranaki) LtdDirectorTSB Community TrustTrusteeNew Zealand Institute of Highway TechnologyDirectorJ M Mitchell Loganburn Station Ltd Director & ShareholderTe Hau Farm (Marlborough) LtdDirector & ShareholderOkiwa Holdings LtdDirector & ShareholderClifford Bay Marine Farms LtdShareholderB J Morrison CNZM,JP Basil J Morrison & Associates PrincipalWaiuta Farms LimitedDirector and ShareholderNZ Conservation AuthorityMemberNZ Geographic BoardMemberLocal Government Superannuation Trust LtdChairmanWaitangi TribunalMemberCivic Assurance (NZ Local GovernmentDirectorInsurance Corporation Ltd)Lotteries Significant Projects Funding CommitteeMemberLotteries Communities Facilities CommitteeMemberM R Mullins MNZM Massey University Council Council Member(Retired 30.4.10) Paewai Mullins Systems Ltd DirectorP M Shearing LtdDirectorTe Huarahi Tika TrustChairmanAohanga IncorporationChairmanAtihau Whanganui IncorporationDirectorPoutama Maori Business TrustChairmanHautaki LtdDirectorUse of company information (Section 145)No requests were received from directors to use company information which they obtained in their capacity as directors and which would nototherwise have been available to them.98
Share dealings (Section 148)No director owned, acquired or disposed of equity securities in Landcorp Farming Ltd or its subsidiaries, Landcorp Pastoral Ltd, LandcorpDevelopments Ltd, Landcorp Estates Ltd and Landcorp Holdings Ltd, during the year.Directors’ remuneration and other benefits (Sections 161 and 211(1)(f))Directors of Landcorp Farming Ltd and Landcorp Pastoral Ltd received remuneration as recorded below. No remuneration or other benefitswere paid to the directors of Landcorp Estates Ltd, Landcorp Developments Ltd or Landcorp Holdings Ltd.Dollars in thousands 2010 2009Landcorp Farming Ltd andLandcorp Pastoral LtdHon. J R Sutton (Chairman) 71 71W A Larsen (Deputy Chairman) 47 47A W Baylis (appointed November 2009) 23 –F R S Clouston 35 35L B Henry (retired October 2009) 12 35T Houpapa (appointed May 2010) 6 –M L James 40 40J M Mitchell (appointed May 2009) 35 6B J Morrison 35 35M R Mullins (retired April 2010) 29 35C M Williams (retired April 2009) – 29The only other benefit received by directors during the year was the provision of an insurance cover for directors’ and officers’ liability.Employees’ remuneration and other benefits (Section 211(1)(g))Set out below are the numbers of employees and former employees whose total remuneration (including non-cash benefits and fringe benefittax) was within the specified bands –GroupGroupDollars in thousands 2010 2009100 – 109 6 8110 – 119 11 8120 – 129 5 6130 – 139 9 7140 – 149 7 6150 – 159 3 2160 – 169 4 2190 – 199 1 1220 – 229 3 1230 – 239 1 3260 – 269 1 1520 – 529 1 1Redundancy and leave payments are excluded from these figures.Indemnity and insurance (Sections 162 and 211(1)(f))During the year the Board resolved to continue with an insurance cover of $20 million to provide indemnity for directors’ and officers’ liabilitywith the premium costs being met by Landcorp.99
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LandcorpANNUAL REPORT 2010LANDCORP
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LANDCORP FARMING STRIVES TO BETHE W
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KEY FINANCIAL DATADollars in millio
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The 450-hectare Blairs development
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We are poised to go furtherand fast
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LANDCORP FARMING LIMITED AND SUBSID
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LANDCORP FARMING LIMITED AND SUBSID
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lambs above specified meat yields i
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LANDCORP ACHIEVERS 2009/2010LANDCOR
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The Balanced Scorecard2009/10The Ba
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OBJECTIVE MEASURE 2009/10 2009/10 2
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OBJECTIVE MEASURE 2009/10 2009/10 2
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INFORMED FARMINGLandcorp Farming ma
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Each hind on Raft Creek Farm, nearH
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Sensors on milk lines from each bai
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MilkHub’s strengths include conne
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AgResearch scientist John McEwanpla
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Our initiative includes sharing new
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Information sharing. Mararoa Farm M
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Tim and Senior Shepherd Kate Gallan
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Hon. Jim SuttonChairmanCNZM.Mr Sutt
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Subsidiary Boards,Committees andMan
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TOTAL SHAREHOLDERS’ RETURN ON AVE
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FINANCIAL STATEMENTSAND DISCLOSURE
Page 49 and 50: Statement of Comprehensive IncomeFO
Page 51 and 52: Group Group Parent ParentNote 2010
Page 57 and 58: Note 3 - Summary of Significant Acc
Page 63 and 64: Note 4 - Significant Accounting Jud
Page 65 and 66: Note 5 - Operational Management (co
Page 67 and 68: Note 5 - Operational Management (co
Page 69 and 70: Note 10 - Other Produce RevenueGrou
Page 71 and 72: Note 14 - Farm Working ExpensesGrou
Page 73 and 74: Note 20 - Effect of DroughtDuring 2
Page 75 and 76: Note 24 - LivestockA - NATURE OF AC
Page 77 and 78: Note 25 - ForestsA - NATURE OF ACTI
Page 79 and 80: Note 26 - Other Financial Assets an
Page 81 and 82: Note 27 - Intangible AssetsGroup Gr
Page 83 and 84: Note 28 - Property, Plant & Equipme
Page 85 and 86: Note 29 - Accounts PayableGroup Gro
Page 87 and 88: Note 32 - DividendsParent Parent Pa
Page 89 and 90: Note 34 - Income Tax (continued)C -
Page 91 and 92: Note 35 - Reconciliation of Profit
Page 93 and 94: Note 36 - Risk Management (continue
Page 95 and 96: Note 36 - Risk Management (continue
Page 97 and 98: Note 38 - Contingent Assets and Lia
Page 99: Disclosures in Terms of the Compani
Page 103: QUICK FACTS 2009/10Livestock number
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Landcorp - Crown Ownership Monitoring Unit

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