Morikau 2022 Graphs

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2022

TOTAL INCOME Farm Income $3,669,515 96%

2021 $3.6M

Other Income $162,396 4%

2022 $3.8M

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2022

FARM INCOME Sundry $167,818 5% Wool $160,883 4%

2021 $3.4M

Cattle $1,004,665 27%

Sheep $2,329,166 64%

2022 $3.6M

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2022

61%

Increase since 2017

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 $-

2022 $3,659,532

2021 $3,402,981

2020 $3,306,563 2019 2018 $2,863,174 $2,849,731 2017 $2,282,286

Morikaunui Incorporation Sheep Sales

Sheep Sales – Average Price Per Head $160 $140

$134

$120

$117

$132

$118

$106

$100

$90

$80 $60 $40 $20 $0 2022

2021

2020

2019

2018

2017

Morikaunui Incorporation Cattle Sales

Cattle Sales – Average Price Per Head $1,600 $1,400

$1,267

$1,304

2022

2021

$1,389

$1,462 $1,258

$1,200

$1,204

$1,000 $800 $600 $400 $200 $0

2020

2019

2018

2017

Morikaunui Incorporation Wool Sales

Wool Sales – Average Price Per Kilo $5.00 $4.50 $4.00 $3.50 $3.00 $2.50 $2.00 $1.50

$1.58

$1.00

$1.06

$1.49

$2.12

$2.13

2019

2018

$2.50

$0.50 $0.00 2022

2021

2020

2017

Morikaunui Incorporation Kilo’s of Production 700,000

Total kgs628,609 582,083

600,000 500,000 400,000 300,000

Sheep Kgs 323,947 295,112 Cattle Kgs 215,558 184,871

200,000 100,000 0 2022

2021

Wool Kgs 102,100 89,104

Morikaunui Incorporation Commodity Prices Market Prices – June $10 $9

$8.95 $8.20

$7.90

$8 $7.00

$7 $6

$6.05 $6.10 $6.05

$6.10

$5.70 $5.65

$5.25 $5.35

$5

$5.40

$5.65

$4.60

$4 $3 $2 $1 $0

2022

2021 Lamb

2020 Ewes

Steers

Bulls

2019

$5.35

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2022

TOTAL EXPENSES (EXCLUDING NON CASH)

Incorporation Expenses $232,759 8%

2021 $2.4M

Finance Expenses $69,230 2%

Total Farm Expenses $2,712,509 90%

2022

2$3.1M

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2022

FARM EXPENSES Pasture Management $882,324 33%

2021 $2.05M

Repairs & Maintenance $160,594 6%

Personnel $635,868 23%

Administration $221,603 8%

Farm Working $684,565 25%

Motor Vehicle $127,555 5%

2022 $2.7M

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2022

NET (DEFICIT) / SURPLUS $4,500,000 $4,000,000

$3,831,911

$3,500,000

$3,233,552

$3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000

$255,400

$342,958

Additional Fertiliser

Net Surplus

$Total Income

Total Expenses

MORIKAUNUI INCORPORATION FARM CASH SURPLUS FOR THE YEAR ENDED 30 JUNE 2022

NET CASH (DEFICIT) / SURPLUS $4,500,000 $4,000,000 $3,500,000 $3,000,000

Total Cash Income $3,831,389 Total Cash Expenses $2,967,949

$2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $-

Net Farm Cash Surplus $863,440

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 30 JUNE 2022

ASSETS, LIABILITIES AND EQUITY $25,000,000

$20,000,000

Total Assets $20,185,030 Total Equity $16,551,693

$15,000,000

$10,000,000

$5,000,000

$-

Total Liabilities $3,633,337

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 30 JUNE 2022

ASSET MIX

Whanganui Trust Loan $1,260,740 6%

Property, Plant & Vehicles $11,246,411 56%

Investments $789,357 4%

2021 $19.8M

2022 Livestock $5,730,353 28%

Other Assets $1,158,167 6%

$20.2M

MORIKAUNUI INCORPORATION STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 30 JUNE 2022

LIABILITIES

2021 $3.3M

Whanganui Trust Loan $1,573,000 43%

Unclaimed Dividends $1,260,740 35%

Others $799,937 22%

2022 $3.6M