Tainui Group Holdings
Annual Report
2013
27
growth
TGH’s core focus is growing its asset
base to achieve long-term sustainable
returns for its Shareholder. With an
unprecedented $191 million capital
spend incurred over the past three
years, TGH is now at the back end
of its two major projects,
at
and the
TGH has experienced a step-
change in benefits flowing from these
two projects in the form of increased
revenue and operating cash flows.
The
continues to make a significant
contribution to TGH’s results. It has
now had its first full year of operations,
having opened inMay 2011. Providing
solid returns, especially when
compared to the capital invested, the
hotel has established its presence in
the Aucklandmarket. The hotel
employees 143 full and part-time
employees. With an 11% increase in
full and part time jobs, and a steady
increase in patronage,
and
ere also major drivers behind
the steady growth in 2013, becoming
the preferred shopping destination
in Hamilton and the wider region.
Resource consents for the development
of the remaining for 11 hectares,
as well as additional retail on level
one of
have been approved,
providing capacity for further
development and employment growth.
Located less than one kilometre west
of
is the Rotokauri joint
venture land, the site of the company’s
proposed 700 section residential
subdivision. Planning is underway
with initial sales forecast to occur from
2015. Once established, the Rotokauri
development will complement and fuel
further economic growth at
Combined, these completed and
proposed projects will provide the
platform for the development at
Ruakura and investment propositions
under the new investment strategy.
Assets and earnings growth have
been, and will continue to be, funded
via cash flow and bank lending
facilities. One key challenge in
maintaining business growth will
be access to long term funding that
matches the investment horizons
of TGH. Meeting this challenge is
part of the wider strategic planning
regularly undertaken by the Senior
Management Team and Directors.
Te AWA
Facebook
likes grew by
almost 300%
to over
8,300
Community
TGH supports many community
initiatives. InMay 2012, TGH
continued its support of a community
initiative called the ‘At Heart
Foundation’ for congenital heart
defects in children. During surgery, a
child’s chest cavity is cooled down in
an icy slush to slow their heart rate.
To replicate this process, the ‘At Heart
Foundation’, in conjunction with
held an event on site where teams
could be sponsored to jump in an icy
cold pool for five minutes and then
warmup in a spa bath afterwards. As
a result, $22,000 was raised on the day
for the 12 Kiwi children born every
week with a heart defect.
‘Shave for a Cure’ is Leukaemia and
Blood Cancer New Zealand’s biggest
fundraising event, helping the
estimated six Kiwis who are diagnosed
with a blood cancer every day.
hosted the ‘Shave for a Cure’ event
where individuals, businesses and the
community can seek sponsorship for
shaving their head. The event was well
support by the community, raising
$2,000 for the cause.
is the proud sponsor of the
‘player of the day’ where one child is
nominated from each netball or rugby
team. The prize is a gift card fromThe
Base – encouraging team spirit and
positive participation.
The
supports the ‘Cure Kids’ appeal
and up until March 2013 raised
approximately $12,000 by hosting
a wine and cheese evening, several
raffles, a pizza night, and a karaoke
night.
The base
has created
employment
for
people
1,692
