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Tainui Group Holdings
Annual Report
2012
WAIKATO-TAINUI FISHERIES
LIMITED
(WTF)
The Board of Directors have pleasure in presenting
the Annual Report including the unaudited Financial
Statements of WTF for the year ended 31 March 2012.
Principal Business Activity
WTF’s principal business activity is to manage the
income shares held in Aotearoa Fisheries Limited under
the terms defned in the Maori Fisheries Act 2004.
There have been no signifcant 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
TF has
recorded a net proft of $0.5 million (2011: $0.4 million).
WTF’s total equity as at 31 March 2012 is $14 million
(2011: $13 million).
The Directors are satisfed with the results for the year.
Directors
The following persons held offce as Directors of WTF
as at 31 March 2012:
Director
Appointed
J L Spencer (Chairman)
31 March 2008
M N Allen
1 June 2009
R S Papa
26 November 2010
R T M Schaafhausen
1 June 2009
Hon. K TWetere
31 March 2008
There were no appointments or resignations of
Directors of the Company during the year.
The Director’s profles are reported on
Directors Remuneration
There was no remuneration received by Directors
during the year ended 31 March 2012 (2011: nil).
Use of Company Information by
Directors
There were no notices from Directors of WTF
requesting to use company information received in
their capacity as Directors which would not otherwise
be available to them.
Donations
There were no charitable donations made by WTF
during the year ended 31 March 2012 (2011: nil).
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 22nd of June 2012.
Mike Allen, Director
John Spencer, Chairman