Profit or Loss

Waikato Raupatu Lands Trust    
Statement of comprehensive revenue and expense
   
For the year ended 31 March 2025    
  Consolidated Consolidated
  2025
$'000
2024
$'000
Revenue    
Revenue from exchange transactions Income we are paid for services provided (e.g. a building lease, hotel accommodation). 110,058  101,068 
Revenue from non exchange transactions Income we receive but we haven't provided a service (e.g. a grant given). 17,395  40,528 
Total operating revenue 127,453  141,596 
     
Interest revenue Interest that we receive on our term deposits with the bank 8,418  9,048 
Total revenue 135,871  150,644 
     
Expenses    
Operating expenses Costs that we incur through normal business operations. These expenses are necessary for the day-to-day functioning of the Trust and include a variety of costs. (88,060) (91,902)
Interest expenses This is the interest paid on our bank debt. (26,662) (21,387)
Share of losses of investments accounted for using the equity method Losses incurred from our joint ventures with external parties such as Te Arikinui Pullman Hotel. (7,219) (853)
Total expenses (121,941) (114,142)
     
Net operating surplus before other gains and tribal activities 13,930  36,502 
     
Other (losses)/gains - net (5,949) 74,448 
Relativity income Income recognised under the relativity clause as part of the Deed of Settlement. This clause allows for additional settlement money when certain conditions are met. 3,230  9,979 
Social investment expenses Expenses which include grant payments to Marae and tohu costs. (32,674) (55,610)
Income tax benefit/(expense) 86  (12)
Total other (losses)/gains, tribal activities and tax (35,307) 28,805 
     
Net (deficit)/surplus after tax for the year (21,377) 65,307 
     
Other comprehensive revenue and expense    
     
(Loss)/gain on the revaluation of hotels, farms, owner-occupied properties and tribal properties (151) 38,818 
(Loss)/gain on revaluation of carbon credits (206) 2,218 
     
Total other comprehensive revenue and expense for the year (357) 41,036 
     
Total comprehensive revenue and expense for the year (21,734) 106,343