2
Capital
expenditure
Bank debt
to total
assets
TOTAL
ASSETS
Net
profit
REVENUE
GROWTH
Return on
Shareholder
funds
9.2
%
10.3
%
in 2012
Dividend
$
11.5m
$
11m
in 2012
The dividend increases
$0.5m annually.
$
20.9m
$
56.4m
in 2012
Mainly represented by
capital spend at
,
especially infrastructural
improvements.
13.5
%
57.7
%
in 2012
Hotel performance provided
a 65% contribution to the
increase in revenue.
25.3
%
26.0
%
in 2012
While there was a 4% increase
in bank debt, it was diluted
by the increase in
total assets.
$
738m
$
694m
in 2012
The increase is largely due to
unrealised movement in
investment property
values and capital
expenditure.
$
45.1m
$
39.9m
in 2012
Favourable increases from
unrealised movement in the value
of assets, particularly
investment properties.
$
20.8m
$
20.7m
in 2012
Marginal increase in operating
profit, the result of a full year’s
earnings from
.
FINANCIAL PERFORMANCE SUMMARY
Tainui Group Holdings Limited & Waikato-Tainui Fisheries Limited
2013
Net
operating
profit
