Tainui Group Holdings
Annual Report
2013
37
The Board of Directors have pleasure in presenting
the Annual Report including the unaudited Financial
Statements ofWTF for the year ended 31March 2013.
Principal business activity
WTF’s principal business activity is to manage the
income shares held in Aotearoa Fisheries Limited
under the terms defined in the Maori Fisheries Act
2004.
There have been no significant changes in the nature
of these activities during the year.
Results
The results for the year are reported in the statement of
comprehensive income on
WTF has recorded a
net profit of $0.4million (2012
:
$0.5 million).
WTF’s total equity as at 31March 2013 is $13million
(2012
:
$14million).
The Directors are satisfiedwith the results for the year.
Directors
The following persons were appointed, resigned or
held office as Directors of WTF as at 31 March 2013
:
Director
Appointed
Resigned
Sir H W van der Heyden
(Chairman)
1 July 2012
-
M N Allen
1 June 2009
-
M Cockram
25 May 2012
-
R S Papa
26 November 2010 30 April 2012
H W Rau
30 April 2012
-
P Rawiri
30 April 2012
-
R T M Schaafhausen
1 June 2009
30 April 2012
Hon. K T Wetere
9 April 2002
30 June 2012
Board advisor
J Perry
1 April 2012
-
The Director’s profiles are reported on
.
Directors remuneration
There was no remuneration received by Directors
during the year ended 31 March 2013 (2012
:
nil).
Use of company information by Directors
There were no notices fromDirectors of WTF
requesting to use company information received in
their capacity as Directors which would not otherwise
be available to them.
Shareholder resolution
The Shareholder of WTF has exercised its right
under section 211(3) of the Companies Act 1993 and
unanimously agreed that this Annual Report need
not comply with paragraphs (e), (g) and (h) of section
211(1) of the Act.
Signed for and on behalf of the Directors of WTF on
the 18th of June 2013.
WAIKATO-TAINUI FISHERIES LIMITED (WTF)
Mike Allen
Director
Sir Henry van der Heyden
Chairman
