Waikato Raupatu Lands Trust | |||
Statement of comprehensive revenue and expense
Also referred to as the Income Statement or Profit and Loss, this statement provides a summary of all of the income received less all of the costs paid for the 12 months between 1 April and 31 March. It also includes the extra gains or losses from other investments that are not part of the everyday business, like changes in the market value of property between the prior year and the current year.
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For the year ended 31 March 2025 | |||
Consolidated | Consolidated | ||
2025 $'000 |
2024 $'000 |
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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 |