Annual Report 2009/10 - Housing New Zealand

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National Office Wellington28 Grey Street, WellingtonPO Box 2628, Wellington 6140Phone: 04 439 3000Fax: 04 472 5752Email: info@hnzc.co.nzwww.hnzc.co.nzISSN: 1176 0966© Housing New Zealand Corporation 2010
ContentsPart One: Overview 3Foreword: Board Chair 4Chief Executive’s overview 6pagePart Two: Outcome Contribution 9Introduction 10Outcome One: Where the Corporation has a significant influence, people will have access to decent,affordable housing 15Outcome Two: Where the Corporation has a significant influence, people will live in safe,inclusive communities 33Priorities for the future 41Part Three: Managing the Corporation 43Organisational health and capability 44Corporate governance 48Part Four: Statement of Service Performance 53Statement of Responsibility 54Audit Report – Housing New Zealand Corporation and Group 55Statement of Service Performance 57Output Class 1: Advisory Services 57Output Class 2: State House Tenancies 59Output Class 3: Policy Advice 62Output Class 4: Financial Assistance – Housing 64Output Class 5: Property Management Agency Services 68Intermediate Outputs: Housing Portfolio (Corporation) 70Appropriations 77housing new zealand corporation | annual report 2009/101
Page 1: Housing New Zealand Corporation Ann
Page 5 and 6: Part oneOverviewForeword: Board Cha
Page 7 and 8: 1 | OverviewWe need to look for inn
Page 9 and 10: 1 | OverviewAs part of this journey
Page 11 and 12: Part twoOutcome contributionIntrodu
Page 13 and 14: Assessing housing needThe Corporati
Page 15 and 16: Housing PathwaysThe housing pathway
Page 17 and 18: outcome 1Where the Corporation has
Page 19 and 20: tenant home ownershipA long-term dr
Page 21 and 22: AucklandCanterbury andNelson/Marlbo
Page 23 and 24: Table 4: Oversupply of homes 3Overs
Page 25 and 26: The Corporation is planning a study
Page 27 and 28: Customer segmentation frameworkThe
Page 29 and 30: outcome onewhere the corporation ha
Page 35 and 36: outcome 2Where the Corporation has
Page 37 and 38: Examples of projects approved inclu
Page 39 and 40: Community development enhances then
Page 41 and 42: outcome twowhere the corporation ha
Page 43 and 44: Priorities for the futureThe Govern
Page 45 and 46: Part threeManaging the CorporationO
Page 47 and 48: • Developing a Customer Segmentat
Page 49 and 50: Information systems and technologyI
Page 51 and 52: Structure and organisationHousing N
Page 53 and 54:
AccountabilityOn an annual basis, t
Page 55 and 56:
Part fourStatement ofService Perfor
Page 57 and 58:
Audit Reporthousing new zealand cor
Page 59 and 60:
Statement of Service PerformanceOut
Page 61 and 62:
Output Class 2: State House Tenanci
Page 63 and 64:
performance informationkey performa
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Page 67 and 68:
Page 69 and 70:
estimateddemand2009/10actualcomment
Page 71 and 72:
Page 73 and 74:
Page 75 and 76:
upgrading existing houses (corporat
Page 77 and 78:
Page 79 and 80:
AppropriationsThe following section
Page 81 and 82:
corporation’s output classesoutpu
Page 83 and 84:
Part fiveFinancial StatementspageHo
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ed gainsme 1%fromRepairs andmainten
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housing new zealand corporationInco
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housing new zealand corporationCash
Page 91 and 92:
When the adoption of the new standa
Page 93 and 94:
The following new accounting standa
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(k) Intangible assetsThe Group has
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At each reporting date, the Group r
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(aa) Derivative financial instrumen
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Management monitors interest rate l
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YEAR ENDED 30 JUNE 2010QUOTEDMARKET
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The Corporation values the long-ser
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6 Receivables and prepaymentsGROUP
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FREEHOLDLANDRENTALPROPERTIESCAPITAL
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11 Available-for-sale financial ass
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SOLD MORTGAGESORIGINALSOLDAMOUNTCRO
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16(b) Current income tax liabilityG
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The insured underlying loans have a
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19 Cash and cash equivalentsGROUP G
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22 Interest rate risk on the carryi
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YEAR ENDED 30 JUNE 2009INTEREST RAT
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Hedging activitiesAt 30 June 2010,
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24(d) GrantsGROUP GROUP PARENT PARE
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(a) Sub-lease receivablesThe Corpor
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Terms and conditions of transaction
Page 133 and 134:
Other expenses were $8 million belo
Page 135 and 136:
housing agency accountStatement of
Page 137 and 138:
housing agency accountIncome Statem
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housing agency accountCash Flow Sta
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Work in progressLand and related de
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(ii) Accounting standards and inter
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5 Rental properties2010 2009($000)
Page 147 and 148:
9 Financial instrumentsLOANS &RECEI
Page 149:
We did not examine every transactio
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