| Waikato Raupatu Lands Trust | |||
| Statement of changes in equity This statement is a report that shows how the iwi ownership of the business has changed over time. | |||
| For the year ended 31 March 2025 | |||
| Reserves | Accumulated comprehensive revenue and expense | Total equity | |
| Consolidated | $'000 | $'000 | $'000 |
| Balance at 1 April 2023 This is the closing balance from the prior year. | 93,658 | 1,668,485 | 1,762,143 |
| Net surplus after tax for the year This is the total profit we made in 2024 financial year. | - | 65,307 | 65,307 |
| Net gain on revaluation of hotels, farms and owner-occupied properties Increase in the market value of our farms and hotels. This is not cash. | 38,818 | - | 38,818 |
| Gain on revaluation of carbon credits Increase in the market value of our carbon credits from our forestry assets. This is not cash. | 2,218 | - | 2,218 |
| Transfer of revaluation surplus on disposal of carbon units | (2,229) | 2,229 | - |
| Balance at 31 March 2024 | 132,465 | 1,736,021 | 1,868,486 |
| Reserves | Accumulated comprehensive revenue and expense | Total equity | |
| Consolidated | $'000 | $'000 | $'000 |
| Balance at 1 April 2024 This is the closing balance from the prior year. | 132,465 | 1,736,021 | 1,868,486 |
| Net deficit after tax for the year This is the total profit we made in 2025 financial year. | - | (21,377) | (21,377) |
| Net loss on revaluation of hotels, farms and owner-occupied properties Decrease in the market value of our farms and hotels. This is not cash. | (151) | - | (151) |
| Loss on revaluation of carbon credits Decrease in the market value of our carbon credits from our forestry assets. This is not cash. | (206) | - | (206) |
| Balance at 31 March 2025 | 132,108 | 1,714,644 | 1,846,752 |