Port Nelson Annual Report 2012 (pdf)

directors
Nick
Patterson
Nick is the
Managing Director
of Wai-West
Horticulture Ltd,
an integrated
horticulture company
with extensive
plantings and post-harvest investments in
the Nelson district. Nick is a director of Cold
Storage Nelson Ltd, Freshco Nelson Ltd and
other associated companies.
Paul
Le Gros
Paul used to be a
partner with Duncan
Cotterill, and is now a
consultant with that
firm. He holds other
business and board
appointments. Over
the past 30 years, Paul has been extensively
involved with the YMCA movement, in Nelson,
nationally and internationally.
B r o nw y n
M o n o p o l i
Bronwyn is
a Chartered
Accountant, with her
Richmond-based
practice providing
specialist accounting
and financial advice
to mainly rural businesses. She is also a
director of the Animal Health Board and a
trustee of several arts-related organisations.
T i m
King
Tim is Deputy Mayor
of the Tasman
District Council and
chairs its Corporate
Services Committee.
He farms on the
Waimea Plains
and has governance roles on a range of
community organisations, including the
Waimea Rural Fire Authority and the Wakefield
and Community Health Centre Trust.
Peter
Schuyt
Peter is a professional
director and holds
directorships
in a number of
organisations across
a range of different
business sectors. He
has previously been Chief Financial Officer of
several major New Zealand companies.
P h i l
Lough
Phil is currently
Chair of Methven Ltd
and Quotable Value
Ltd, and also holds
directorships with a
range of other New
Zealand companies.
He was previously CEO of the Sealord Group
and is based in Nelson.
2012 financial highlights
Financial Highlights
2012 2011 2010 2009 2008
Revenue (millions) $38.8 $38.3 $37.9 $38.0 $36.2
Net surplus after taxation* (millions) $10.4 $6.6 $3.4 $4.9 $7.5
Dividend (millions) $12.2 $4.2 $4.1 $4.0 $3.8
Basic earnings per ordinary share (cents) 40.8 25.9 13.5 19.4 29.5
Return on average shareholders’ funds 7.7% 4.9% 2.6% 3.7% 6.1%
Net asset backing per share $5.27 $5.38 $5.27 $5.26 $5.29
Dividend – recommended per share (cents) 48.0 16.5 16.1 15.7 15.0
Return on average total assets** 7.5% 6.6% 6.5% 5.6% 8.0%
Ratio of shareholders’ funds to total assets 69.9% 70.6% 71.2% 69.6% 71.2%
Trade Highlights
2012 2011 2010 2009 2008
Cargo tonnes (millions) 2.65 2.71 2.75 2.78 2.68
Vessel arrivals 733 850 835 921 921
Container throughput (TEUs) 86,178 83,800 85,735 82,272 77,561
* Net Surplus is prior to Other Comprehensive Income
** Based on EBIT
14