Port Nelson Annual Report 2007 (pdf)

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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
Page 1 and 2: 2 0 0 7 A N N U A L R E P O R T
Page 3 and 4: “During the Noise Variation proce
Page 5 and 6: P E R F O R M A N C E R E V I E W -
Page 7 and 8: “We work in a hectic environment
Page 9 and 10: Port Nelson’s support of the Nels
Page 11 and 12: “Watching the SZAP 5 descend bene
Page 13 and 14: “When the topic of Environmental
Page 15: “I’m proud to work for a compan
Page 19 and 20: S T A T U T O R Y I N F O R M A T I
Page 21 and 22: S T A T E M E N T O F C O R P O R A
Page 23 and 24: S T A T E M E N T O F F I N A N C I
Page 25 and 26: S T A T E M E N T O F C A S H F L O
Page 27 and 28: S T A T E M E N T O F A C C O U N T
Page 29 and 30: N O T E S T O T H E A C C O U N T S
Page 43 and 44: Board of Directors A.O. Patterson C

Port Nelson Annual Report 2007 (pdf)

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