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FINANCIAL PERFORMANCE SUMMARY — TGH AND WTF
2016
2015
NET OPERATING PROFIT
$37.7m
$35.6m
NET PROFIT
$56.8m
$34.3m
TOTAL ASSETS
$921.4m
$875.5m
EQUITY
$581.1m
$536.9m
BANK DEBT TO TOTAL ASSETS
27.2%
30.6%
DIVIDEND
$13.5m
$12.5m
RETURN ON EQUITY
9.8%
6.4%
RETURN ON ASSETS
6.2%
3.9%
FINANCIALS AT A GLANCE
Ka Hono Kia Kotahi
Staying connected
Our Board members and senior team attended as
many poukai as possible during the year and we held
a joint strategy day with Te Arataura in October 2015.
We also support the Waikato-Tainui Games and other
important tribal events.
Board members and senior managers spent time on
marae listening to the challenges and opportunities
for tribal members. We hosted a number of asset
tours which kaumaatua and rangatahi attended.
We also held a series of workshops to discuss the
diversification strategy. Collaboratively with the
Waikato Raupatu Lands Trust team, we created or
identified just over 100 employment opportunities for
tribal members during the 2016 year.
For example we sought rangatahi to join our farming
operations as cadets, and Go Bus is now seeking to
fill up to 170 bus driver roles for South Auckland bus
routes. TGH has also been encouraging businesses
that are owned by tribal members to tender for
projects such as construction, demolition, tree work,
landscaping, and electrical services. In November
2015, tribal members were offered first choice of
sections at Tramway Road, and nine sections were
sold prior to a general release to the market. The
Centre Management staff from TGH have also retained
their jobs as kaimahi and kaitiaki working for Kiwi
Property at The Base.
Waikato Milking Systems’ new global headquarters opened in Te Rapa in November 2015
Go Bus—on the hunt for more drivers