42
financial
information
Tainui Group Holdings and Waikato-Tainui Fisheries Limited
Five Year Trend summary
for the year ended 31 March 2013
2013
2012
2011
2010
2009
($’000)
($’000)
($’000)
($’000)
($’000)
Income Statement
Net operating profit after tax
20,778
20,747
14,913
15,896
11,940
Net profit/(loss)
45,146
39,852
23,073
34,069 (27,035)
Revenue
62,734
55,274
35,069
30,141
26,287
Finance cost - net
(13,576)
(13,216)
(8,168)
(4,711)
(5,854)
Net fair value gains/(losses)
24,368
19,105
8,160
18,173 (38,975)
Distribution
11,500
11,000
10,500
10,000
10,000
Balance Sheet
Total assets
738,706 693,661 658,440 529,402 497,182
Net assets
490,219 387,731 345,367 327,722 304,286
Current assets (excluding Shareholder advance)
17,497
23,583
17,442
11,762
14,195
Non-current assets
716,832 670,078 640,998 517,640 482,987
Current liabilities (excluding Shareholder advance)
46,271
42,466
92,639
33,375
10,656
Non-current liabilities
202,216 189,437 146,407
94,278 108,212
Non-controlling interest
5,675
8,921
9,300
1,539
-
Bank debt
186,671 179,622 186,650
87,700
74,845
Net cash debt
(179,068)
(173,365)
(184,399)
(85,042)
(68,913)
*Cashflow Statement
Net operating cash inflow
25,510
21,269
14,430
21,119
16,144
Net investing cash outflow
(21,074)
(8,065)
(103,287)
(27,248)
(7,771)
Net financing cash inflow/(outflow)
(3,090)
(9,198)
88,450
2,855
(5,255)
Key Ratios
Return on Shareholder funds
9% 10%
7% 10% -9%
Return on Shareholder funds – including advance
9%
9%
6%
8%
-7%
Return on total assets
6%
6%
4%
6%
-5%
Total asset growth
6%
5%
24%
6%
-5%
Debt/equity ratio
38%
46%
54%
27%
25%
Debt/total assets
25%
26%
28%
17%
15%
* There are no cash flows transacted through WTF, as WTF does not have its own bank account.
All receipts and payments for WTF are processed through the TGH bank account.
These financial statements should be read in conjunction with the accompanying notes.
