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