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6

Those words remind us that our governance decisions

must be far-reaching and for the benefit of tomorrow’s

mokopuna. Our responsibility is to our people and the

decisions that we make today affect their futures. We

must never forget this.

Whakarite Kia Eke Panuku

Planning for Success

Our Raupatu anniversary year saw the redesign of our

long-range tribal strategic blueprint, Whakatupuranga

2050.

The goal was to build on the existing strategy by

updating the objectives and refreshing the approach

and, critically, to identify markers by which we could

measure our progress.

The result is a roadmap of signposts covering four

key areas: Ngaa Tohu Kaupapa (Cultural), Ngaa Tohu

Hapori (Social), Ngaa Tohu Taiao (Environment) and

Ngaa Tohu Whai Rawa (Wealth). Operational business

plans are being aligned to these signposts and all

entities are delivering to this strategic framework,

which you can find on pages 8-9 of this report.

This roadmap serves as the master plan so that, as

governors, we can fulfil our monitoring and kaitiaki

role with clarity and consistency.

Whakatuurite Kia Ora

Structuring for Prosperity

Our year of review continued with the completion of

a comprehensive review of our governance structure.

Led by co-Chairs Nanaia Mahuta and Sir Henry van

der Heyden, the review has resulted in changes that

will support our goal to deliver robust, effective and

efficient governance for meaningful outcomes.

0

40

60

80

2012 2013 2014 2015 2016

20

100

120

$M

YEAR

37

111

71

79

83

0

0

0

0.10

0.17

0.18

3.36

5.45

7.44

10.65

10.50

10.00

10.00

10.50

11.00

11.50

13.92

12.50

13.50

0.07

0.05

‘96 ‘97 ‘98 ‘99 ‘00 ‘01 ‘02 ‘03 ‘04 ‘05 ‘06 ‘07 ‘08 ‘09 ‘10 ‘11 ‘12 ‘13 ‘14 ‘15 ‘16

20

15

10

5

0

$M

20 YEARS TOTAL DIVIDENDS

*

WRLT NET PROFIT — CONSOLIDATED RESULTS

YEAR