Morikaunui graphs 2020

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2020

TOTAL INCOME

Farm Income $3,306,563 99%

2019 $2.8M

Other Income $20,765 1%

2020 $3.3M

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2020

FARM INCOME Sundry $80,140 2% Wool $127,204 4%

2019 $2.85M

Cattle $1,047,912 32%

Sheep $2,051,306 62%

2020 $3.3M

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2020

103%

Increase since 2015

GROSS FARM INCOME SUMMARY $3,500,000

$3,000,000

$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

$-

2020 $3,306,563 2019 $2,863,174

2018 $2,849,731

2017 $2,282,286 2016 $1,883,985

2015 $1,627,383

Morikaunui Incorporation Sheep Sales GB2

Sheep Sales – Average Price Per Head $140

$132 $118

$120

$106 $90

$100

$82

$80 $60 $40 $20 $0 2020

2019

2018

2017

2016

Slide 17 GB2

Glenn Brown, 15/10/2019

Morikaunui Incorporation Cattle Sales Cattle Sales – Average Price Per Head $1,600

$1,400

GB2

$1,462

$1,389 $1,258

$1,200

$1,204

$1,189

$1,000

$800

$600

$400

$200

$0

2020

2019

2018

2017

2016

Slide 18 GB2

Glenn Brown, 15/10/2019

Morikaunui Incorporation Wool Sales GB2

Wool Sales – Average Price Per Kilo

$4.14

$4.50 $4.00 $3.50 $3.00 $2.50 $2.00 $1.50

$2.12

$2.13

2019

2018

$2.50

$1.49

$1.00 $0.50 $0.00 2020

2017

2016

Slide 19 GB2

Glenn Brown, 15/10/2019

Morikaunui Incorporation Kilo’s of Production GB2 700,000

Total kgs, 574,380

600,000

545,089

500,000

400,000

Sheep Kgs, 283,248 300,000

200,000

279,725

Cattle Kgs, 205,725

174,708

Wool Kgs, 85,407 100,000

0

90,656

Slide 20 GB2

Glenn Brown, 15/10/2019

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2020

TOTAL EXPENSES (EXCLUDING NON CASH)

Incorporation Expenses $294,689 12%

2019 $2.3M

Finance Expenses $91,440 4%

Total Farm Expenses $2,013,791 84%

2020 $2.3M

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2020

FARM EXPENSES Pasture Management $414,738 21%

Repairs & Maintenance $227,439 11%

2019 $ 1.92M

Farm Working $573,871 28%

Personnel $488,572 24%

Administration $191,490 10%

Motor Vehicle $117,681 6%

2020 $2.01M

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2020

GB [2]1

NET (DEFICIT) / SURPLUS $3,500,000

$3,327,328

$3,000,000 $2,670,845 $2,500,000

$2,000,000

$1,500,000

$1,000,000 $656,483 $500,000 $42,828 $Total Income

Total Expenses

Net Surplus

Unrealised Gains

Slide 23 GB [2]1

Glenn Brown, 30/10/2020

MORIKAUNUI INCORPORATION FARM CASH SURPLUS FOR THE YEAR ENDED 30 JUNE 2020

NET CASH (DEFICIT) / SURPLUS $3,500,000

$3,000,000

Total Cash Income $2,886,196

$2,500,000 Total Cash Expenses $2,105,031 $2,000,000

$1,500,000

$1,000,000

$500,000

$-

Net Farm Cash Surplus $781,165

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 30 JUNE 2020

ASSETS, LIABILITIES AND EQUITY $20,000,000

Total Assets $18,635,208

$18,000,000 Total Equity $15,389,302

$16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $-

Total Liabilities $3,245,906

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 30 JUNE 2020

ASSET MIX

Property, Plant & Vehicles $11,097,732 60%

Whanganui Trust Loan $1,137,900 6%

Investments $763,009 4%

2019 $16.9M

2020 Livestock $5,446,575 29%

Other Assets $189,992 1%

$18.6M

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 30 JUNE 2020

LIABILITIES Unclaimed Dividends $1,137,900 35%

2019 $3.6M

Whanganui Trust Loan $1,573,000 49% Others $460,006 14% 75,000 BNZ Loan 2%

2020 $3.2M