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Waikato Raupatu Lands Trust |
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Statement of financial position Also referred to as the Balance Sheet, this statement provides a summary of what we own less what we owe as at 31 March every year. |
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For the year ended 31 March 2025 |
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| Consolidated | Consolidated | |
| 2025 | 2024 | |
| $'000 | $'000 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents Cash that we hold at the bank and in short term deposits. | 41,236 | 45,988 |
| Trade and other receivables ¹ Money that is owed to us by customers. | 27,308 | 22,893 |
| Inventories ¹ Primarily residential land being developed for the purpose of selling. | 19,340 | 19,361 |
| Other financial assets Cash held in long term deposits with the bank and the shares we hold through Mercer. | 459,499 | 456,490 |
| Biological assets ¹ Cattle, cows, and sheep on our farms. | 5,672 | 5,162 |
| Investment property held for sale Properties that were sold and settled in May 2025 to our Ruakura joint venture. We retained ownership of the related land titles. | 190,925 | - |
| Total current assets | 743,980 | 549,894 |
| Non-current assets | ||
| Trade and other receivables ² Money that is owed to us but not due within the next year. | 5,236 | 7,071 |
| Investments accounted for using the equity method Our investment in joint ventures such as Tainui Auckland Airport Hotels, Ruakura Inland Port, and Rotokauri Development. | 91,366 | 88,586 |
| Financial assets at fair value through surplus or deficit Shares we hold in private investments such as Pioneer and Waterman, plus our shares in Aotearoa Fisheries Limited. | 32,396 | 34,844 |
| Investment properties Properties that are leased to tenants or are in the process of being readied to lease. | 1,052,228 | 1,258,893 |
| Property, plant and equipment Our Tribal properties, Hamilton hotels and farms along with our Electricity Distribution Business that is being constructed. | 292,099 | 277,655 |
| Intangible asset ² Carbon credits (received at settlement and generated through forestry planting) and our fishing quota (received at settlement and leased to commercial fisheries). | 42,181 | 42,794 |
| Biological assets ² This is our forests. | 13,625 | 14,242 |
| Te Wherowhero title properties Te Wherowhero title is the mechanism set up to protect the title of lands in the tribal estate. The benefits and the land in Te Wherowhero title are for all Waikato-Tainui and the land cannot be succeeded to, sold, alienated, mortgaged or gifted without adherence to a process to obtain the mandate of the voting beneficiaries or their representatives and unanimous consent of the Custodial Trustees. | 140,515 | 125,098 |
| Total non-current assets | 1,669,646 | 1,849,183 |
| Total assets | 2,413,626 | 2,399,077 |
| Liabilities | ||
| Current liabilities | ||
| Trade and other payables Money we owe to suppliers and employees. | 39,355 | 52,545 |
| Borrowings Money we owe to the bank that is due within the next year. | 122,637 | - |
| Revenue in advance Money that we received in advance of when we provide the service - this is primarily our prepaid ground leases which are paid in full when the lease begins. | 2,029 | 627 |
| Total current liabilities | 164,021 | 53,172 |
| Non-current liabilities | ||
| Borrowings Money we owe to the bank that is due within the next year. ³ | 310,846 | 407,189 |
| Revenue in advance Money that we received in advance of when we provide the service - this is primarily our prepaid ground leases which are paid in full when the lease begins. ² | 92,007 | 70,230 |
| Total non-current liabilities | 402,853 | 477,419 |
| Total liabilities | 566,874 | 530,591 |
| Net assets | 1,846,752 | 1,868,486 |
| Equity | ||
| Reserves Movement in value over the years for our Tribal properties, Hamilton hotels, our farms and carbon credits. | 132,108 | 132,465 |
| Accumulated comprehensive revenue and expenses Accumulation of profits since we began operating. | 1,714,644 | 1,736,021 |
| Total equity | 1,846,752 | 1,868,486 |