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Waikato Raupatu Lands Trust |
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Statement of comprehensive revenue and expense Also referred to as the Income Statement or the Profit or Loss, this statement provides a summary of all of the income earned less all of the costs incurred 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 |
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| Consolidated | Consolidated | ||
| 2025 $'000 |
2024 $'000 |
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| Revenue | |||
| Revenue from exchange transactions Income we earn 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 incurred for our regular day to day activities, e.g. power bills, phone bills etc. | (88,060) | (91,902) | |
| Interest expenses This is the interest incurred 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 as well as losses from reductions in the market value of hotel property. | (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 Movement in market value of our investment property, shares and Te Wherowhero title property. This is not cash. The majority of the movement is unrealised. | (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. The cash is yet to be received for this income earned. | 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) Tax we receive back or pay for our non-charitable entities in the Group. | 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 Changes that occur from the movement in market value of our farms and hotels. This is not cash. The majority of this movement is unrealised. | (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 | |