Port Nelson Annual Report 2007 (pdf)

S T A T U T O R Y I N F O R M A T I O N
T o s h a r e h o l d e r s , o n t h e a f f a i r s o f P o r t N e l s o n L i m i t e d
f o r t h e Y e a r E n d e d 3 0 J u n e 2 0 0 7
S H A R E H O L D I N G B Y D I R E C T O R S
No Directors hold shares in the Company.
U S E O F C O M P A N Y I N F O R M A T I O N
During the year the Board received no notices from Directors requesting to use Company information received in their capacity as Directors that
would not otherwise have been available to them.
C O M M I T T E E S O F T H E B O A R D
The Board has established a Finance and Risk Committee to assist the Board in carrying out its responsibilities under the Companies Act 1993 and
the Financial Reporting Act 1993, and a Remuneration Committee.
A U D I T O R S
Under section 15 of the Public Audit Act 2001 and section 19 of the Port Companies Act 1988, the Auditor General is the Auditor of the Company.
The Auditor General has appointed Audit New Zealand to undertake the audit on its behalf. Fees paid to the Auditors are disclosed in the
Financial Statements.
P E R F O R M A N C E I N D I C A T O R S
As required under Section 16 of the Port Companies Act 1988, performance indicators in the Statement of Corporate Intent are given on
page 21.
D O N A T I O N S
Donations made during the year are disclosed in the Financial Statements.
E M P L O Y E E R E M U N E R A T I O N
The Company has remuneration agreements including benefits with employees in excess of $100,000 per annum in the following bands:
Remuneration
Number of Employees
2007 2006
$100,000 to $110,000 3 3
$110,000 to $120,000 - 1
$120,000 to $130,000 3 2
$130,000 to $140,000 1 -
$150,000 to $160,000 - 1
$160,000 to $170,000 1 -
$190,000 to $200,000 - 1*
$210,000 to $220,000 1* -
$240,000 to $250,000 1 1
* Employee retired during year
C H A N G E S I N A C C O U N T I N G P O L I C I E S
There have been no changes in accounting policies during the financial year.
Chairman of Directors
For and on behalf of the Board
Date: 7 September 2007
Director
2 0
The Statement of Accounting Policies and Notes to the Accounts on pages 26 to 42 form part of these Financial Statements.