Port Nelson Annual Report 2007 (pdf)
Port Nelson Annual Report 2007 (pdf) Port Nelson Annual Report 2007 (pdf)
D I R E C T O R S N I C K P A T T E R S O N Nick is the Managing Director of Wai-West Horticulture Ltd, which has extensive horticultural plantings and post harvest facilities. Wai-West manages Fruit Logistics (Nelson) Ltd, providing coolstorage and associated services for around 25% of the Nelson pipfruit industry. P A U L M A T H E S O N Paul is the Mayor of Nelson City and an experienced business manager. His ex officio positions include directorships of Nelson Airport Ltd and Trustee of Cawthron Institute. He chairs the nationwide Mayors’ Taskforce for Jobs and is actively involved in many wider community organisations. P H I L L O U G H Phil is currently Chair of NZ Trade & Enterprise and a range of other NZ companies. He was previously CEO of the Sealord Group and is based in Nelson. T I M K I N G Tim is Deputy Mayor of the Tasman District Council and chairs their Corporate Services committee. He farms on the Waimea Plains and has governance roles on a range of community organisations including chairing the Waimea Rural Fire Authority and the Wakefield & Community Health Centre Trust. P E T E R S C H U Y T Peter is Chief Financial Officer for the New Zealand Post Group. He is also a director of a number of companies in that group. Prior to his current role, Peter was CFO of the New Zealand Dairy Board. B R O N W 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 a number of Crown and other companies, and a trustee of various arts-related organisations. 1 6
F I N A N C I A L R E P O R T 2 0 0 7 FINANCIAL HIGHLIGHTS 2007 2006 $Millions $Millions Revenue $33.0 $29.6 Net Surplus After Taxation* $6.7 $7.6 Dividend $3.9 $5.3 Basic Earnings per Ordinary Share 26.5¢ 22.1¢ Return on Average Shareholders’ Funds 5.6% 6.1% Net Asset Backing per Share $4.31 $4.14¢ Dividend - Recommended per Share 15.3¢ 17.1¢ Return on Average Total Assets** 7.7% 8.3% Ratio of Shareholders’ Funds to Total Assets 67.9% 82.1% TRADE HIGHLIGHTS 2007 2006 Cargo Tonnes 2.64M 2.52M Vessel Arrivals 997 1,012 Container Throughput (TEU’s) 71,815 61,455 * Including Investment Property Revaluation ** Based on EBIT 1 7
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D I R E C T O R S<br />
N I C K P A T T E R S O N<br />
Nick is the Managing Director of Wai-West Horticulture Ltd, which has extensive<br />
horticultural plantings and post harvest facilities. Wai-West manages Fruit Logistics<br />
(<strong>Nelson</strong>) Ltd, providing coolstorage and associated services for around 25% of the<br />
<strong>Nelson</strong> pipfruit industry.<br />
P A U L M A T H E S O N<br />
Paul is the Mayor of <strong>Nelson</strong> City and an experienced business manager.<br />
His ex officio positions include directorships of <strong>Nelson</strong> Airport Ltd and Trustee of<br />
Cawthron Institute. He chairs the nationwide Mayors’ Taskforce for Jobs and is actively<br />
involved in many wider community organisations.<br />
P H I L L O U G H<br />
Phil is currently Chair of NZ Trade & Enterprise and a range of other NZ companies.<br />
He was previously CEO of the Sealord Group and is based in <strong>Nelson</strong>.<br />
T I M K I N G<br />
Tim is Deputy Mayor of the Tasman District Council and chairs their Corporate<br />
Services committee. He farms on the Waimea Plains and has governance roles on a<br />
range of community organisations including chairing the Waimea Rural Fire<br />
Authority and the Wakefield & Community Health Centre Trust.<br />
P E T E R S C H U Y T<br />
Peter is Chief Financial Officer for the New Zealand Post Group. He is also a director of a<br />
number of companies in that group. Prior to his current role, Peter was CFO of the New<br />
Zealand Dairy Board.<br />
B R O N W Y N M O N O P O L I<br />
Bronwyn is a chartered accountant, with her Richmond based practice<br />
providing specialist accounting and financial advice to mainly rural businesses.<br />
She is also a director of a number of Crown and other companies, and a trustee of<br />
various arts-related organisations.<br />
1 6
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