Landcorp - Crown Ownership Monitoring Unit

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LANDCORP FARMING LIMITED AND SUBSIDIARIESDirectoryBoard of DirectorsHon. Jim Sutton CNZMChairmanWarren Larsen CNZMDeputy ChairmanBill BaylisFalcon CloustonTraci Houpapa JPMarise JamesJane MitchellBasil Morrison CNZM, JPAuditorTrevor Deed(under appointment by theController and Auditor-General)DeloitteWellingtonSolicitorsBuddle FindlayWellingtonRickit LawWellingtonBankersWestpac Banking CorporationANZ National Bank LtdCommonwealth Bank ofAustraliaCorporate andRegistered Office15 Allen StreetPO Box 5349WellingtonTel: (04) 381 4050Fax: (04) 384 1194Chief Executive:Chris KellyChief Financial Officer:Richard PerryCompany Secretary:John Kennedy-GoodNational Manager–Services and Strategy:Collier IsaacsNational Manager – Property:Gerry SoanesNational Business Managers:Graeme MulliganAllan StillNational Manager Marketingand Procurement:Phil McKenzieHead of Genetics Unit:Geoff NicollCompany Manager –Landcorp Estates Ltd:Neil PrichardLandcorp SiresLandcorp Sires of proven value TMBusiness Manager (Genetics):Alex Clarksires@landcorp.co.nz0508 LANDCORP(0508 526 326)LandSysLandSys Manager:Chris NeillTel: (04) 381 4050Websitewww.landcorp.co.nzWellington OfficeFarmsDairy unitsCOMMUNICATOR AWARDJacqueline Rowarth, Professorof Pastoral Agriculture at MasseyUniversity, is the LandcorpAgricultural Communicator ofthe Year for 2010. The award,administered by the Guild ofAgricultural Journalists andCommunicators, recognisesexcellence in communicatingagricultural issues, eventsor information. The judgesapplauded Prof. Rowarth’s dedication to promoting publicawareness of science and the importance of research toschools, interest groups and society in general. They said shehas always been a prolific speaker about the importance ofagriculture to the New Zealand economy and particularlyabout the need to attract quality young people into educationfor all different facets of the agricultural sector.100
QUICK FACTS 2009/10Livestock numbersAT 30 JUNE 2010Total animals 844,502Sheep 600,256Beef cattle 86,725Dairy cattle* 52,202Deer 105,319* includes sharemilker cowsProduction in 2009/10TONNESMilksolids 11,504Venison 2,060Sheep meat 9,639Beef 10,268Shorn wool 2,723Velvet 12Hectares owned and leasedAS AT 30 JUNE 2010OwnedLeasedNorth Island 86,099 25,746South Island 81,096 181,957Total 167,195 207,703Landcorp operatesFarms over 3,000 ha 19Farms with over 10,000 ewes 12Dairy farms with over 1,000 cows 21Farms carrying over 20,000 stock units 16Permanent staffPeople 584Red deer on Mararoa Station, Southland.101
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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
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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 and 100: Disclosures in Terms of the Compani
Page 101: Share dealings (Section 148)No dire
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Landcorp - Crown Ownership Monitoring Unit

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