Waikato Business News July/August 2017

16 WAIKATO BUSINESS NEWS July/August 2017
‘Record year’ says Waikato Tainui
Waikato-Tainui is reporting a record year
of results and growth, highlighted by the
return of the sacred land of Rangiriri Paa.
Maxine Moana-Tuwhangai,
chairman invested over time.
pacts, with the remainder to be
of the tribal authority Ms Moana-Tuwhangai said
Te Whakakitenga o Waikato,
said the 2017 financial year had
shown good progress with a net
profit of $137.8 million, an increase
in tribal wealth by $128
the tribe’s strategy to develop
strong and mutually beneficial
partnerships with key organisations
was also a factor in its
overall progress.
million to $1.07 billion, and “The Waikato Raupatu
record distribution alongside
achievements in the delivery
Lands Trust, Waikato Raupatu
River Trust, Waikato Endowed
ofsocial, cultural and environmental
Colleges Trust and Tainui
value.
“Waikato-Tainui is implementing
a range of programmes
to support the vision our tuupuna
Group Holdings are working
closely with a range of government,
business, iwi and community
partners to help achieve
had for the success and well-
our objectives. We believe
ness of our people today, our strongly in the principle that Tainui and Auckland Airport’s
mokopuna of tomorrow, and supporting others enables us all planned Pullman Novotel.
our whenua and awa,” said Ms
Moana-Tuwhangai.
“The 2017 financial year
is significant for the progress
to succeed and I acknowledge
all of those partners we have
working with us today.”
Rukumoana Schaafhausen,
our communities, as does our
continuing investment in the
idend of $16 million plus a further
special dividend of $6 million,
for a total dividend of $22
made in important areas such chairman of the tribe’s executive
committee Te Arataura, Partnerships,
education of our people.”
as supporting our marae, revitalising
our Waikato reo and said the return of Rangiriri Paa ments, and a vibrant business The value of assets owned
SAVE
asset invest-
million,” said Sir Henry.
NOW
tikanga, growing our tribal estate,
resolving affordable
in August 2016, achieving the environment had contributed by the tribe and managed by
SAVE
housing
challenges, educating our education grants and scholar-
Tainui Group Holdings (TGH). balance date of 31 March 2017,
milestone of more than 10,000 to record
NOW
financial results for TGH was $855 million at the
members, and enabling career ships since 1995, and the doubling
of the annual marae grant van der Heyden, said for the the past 12 months (due to the
TGH chairman, Sir Henry
on
a decrease
our
of $54 million over
Nissan
and job opportunities,” she
said.
were special highlights. first time in its history the company
sale of a half share of The Base
The tribe’s goals for the
on
“The cultural,
our
spiritual and
Nissan
was reporting a net profit and repayment of debt). Return
development of its people had historical significance of Rangiriri
cannot be understated and single year. The
of more than $100 million in a on Investment was 17.2 percent,
taken a major step forward with
BULK
net profit was up 9.8 percent from the 2016
BUY
the commitment of significant its return has begun the healing comprised of both cash and significant
increases in asset valulion
or 14.2 percent of total as-
year. Total debt was $123 mil-
funds towards the key areas of of a mamae that is more than
housing, land purchases and
BULK
revitalisation
of Waikato reo and “Additionally, the signifi-
“The record net profit of at the balance date last year, and
150 years old,” she said. ations.
BUY
sets, compared to 27.2 percent
tikanga. Some of this funding, cant increase in annual grants $114.8 million and TGH’s Equity grew to $660 million, an
which totals $57.5 million, was to our marae is a development strong financial position have increase of $91.2 million over Construction has started on Tainui Group
already making positive im- that will see tangible rewards in enabled us to pay a record div-
the past 12 months.
Holdings’ Inland Port at Ruakura.
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