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