Morikau 2021 Graphs

Financial Report For the year ended 30 June 2021 Presented by Glenn Brown

Morikaunui Incorporation – 2nd December, 2021

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2021

TOTAL INCOME

Farm Income $3,402,981 95%

2020 $3.4M

Other Income $167,031 5%

2021 $3.6M

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2021

FARM INCOME Sundry $216,667 6% Wool $94,059 3%

2020 $3.3M

Cattle $1,029,975 30%

Sheep $2,064,281 61%

2021 $3.4M

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2021

81%

Increase since 2016

GROSS FARM INCOME SUMMARY $4,000,000

$3,500,000

$3,000,000

$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

$-

2021 $3,402,981

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

2018 $2,849,731 2017 $2,282,286 2016 $1,883,985

Morikaunui Incorporation Sheep Sales Sheep Sales – Average Price Per Head

$132

$140 $120

$118

$117

$106 $90

$100

$82

$80 $60 $40 $20 $0 2021

2020

2019

2018

2017

2016

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

$1,400

$1,304

$1,462

$1,389 $1,258

$1,200

$1,204

$1,189

$1,000

$800

$600

$400

$200

$0

2021

2020

2019

2018

2017

2016

Morikaunui Incorporation Wool Sales Wool Sales – Average Price Per Kilo $5.00

$4.14

$4.50 $4.00 $3.50 $3.00 $2.50 $2.00 $1.50 $1.00

$1.06

$2.12

$2.13

2019

2018

$2.50

$1.49

$0.50 $0.00 2021

2020

2017

2016

Morikaunui Incorporation Kilo’s of Production 700,000

Total kgs 628,609 574,380

600,000

500,000

400,000

Sheep Kgs 323,947 283,248

300,000

200,000

Cattle Kgs 215,558 205,725 Wool Kgs 89,104

100,000

0 2021

2020

85,407

Morikaunui Incorporation Commodity Prices $9 $8.20

$7.90

$8

$7.70

$7.00

$7 $6.10

$6

$5.70

$5.65 $5.25

$5

$5.40

$5.35

$5.65

$5.35

$5.10

$5.40

$4.60

$4 $3 $2 $1 $0

2021

2020

2019

Lamb

Ewes

Steers

Bulls

2018

$5.30

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2021

TOTAL EXPENSES (EXCLUDING NON CASH)

Incorporation Expenses $271,350 11%

2020 $2.4M

Finance Expenses $69,945 3%

Total Farm Expenses $2,049,107 86%

2021 $2.4M

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2021

FARM EXPENSES

Pasture Management $518,804 25%

Personnel $483,439 24%

Administration $204,019 10%

Repairs & Maintenance $205,112 10%

2020 $2.01M

2021 Farm Working $536,725 26%

Motor Vehicle $101,008 5%

$2.05M

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2021

NET (DEFICIT) / SURPLUS $4,000,000

$3,570,012

$3,500,000

$3,000,000 $2,670,356 $2,500,000

$2,000,000

$1,500,000 $899,656

$1,000,000

$500,000

$Total Income

Total Expenses

Net Surplus

MORIKAUNUI INCORPORATION FARM CASH SURPLUS FOR THE YEAR ENDED 30 JUNE 2021

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

Total Cash Income $3,229,030

$3,000,000

$2,500,000 Total Cash Expenses $2,049,107 $2,000,000

$1,500,000

$1,000,000

$500,000

$-

Net Farm Cash Surplus $1,179,923

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 30 JUNE 2021

ASSETS, LIABILITIES AND EQUITY $25,000,000

$20,000,000

Total Assets $19,847,765 Total Equity $16,587,510

$15,000,000

$10,000,000

$5,000,000

$-

Total Liabilities $3,260,255

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 30 JUNE 2021

ASSET MIX Property, Plant & Vehicles $11,145,151 56% Whanganui Trust Loan $1,194,705 6%

Investments $902,867 4%

2020 $18.6M

2021 Livestock $6,081,525 31%

Other Assets $523,517 3%

$19.8M

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 30 JUNE 2021

LIABILITIES

Unclaimed Dividends $1,194,705 37%

2020 $3.2M

Whanganui Trust Loan $1,667,000 51%

2021 Others $398,549 12%

$3.3M