Te Rūnanga o Ngāti Awa Annual Report 2019

ANNUAL REPORT 2019

Ko Mumuhau me Takeretou i arahi te waka o Mataatua ki Aotearoa

Tīeke

Te Rūnanga o Ngāti Awa Chairman’s Report Chief Executive’s Report Te Kāhui Kaumatua Report Board of Hapū Representatives Our Organisation Our Staff Strategic Framework Achievement Summary 2018/2019 Te Ara Poutama: Guiding Principles

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MANAAKITANGA: CARING FOR EACH OTHER 2019 Education Scholarship Recipient

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Education Grants and Scholarship Distribution

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KAITIAKITANGA – GUARDIANSHIP FOR FUTURE GENERATIONS Customary Fisheries Report

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Taiao Report

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Ngāti Awa Research and Archives

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Information and Knowledge

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WAI2521 – Nga Hapū o te Moutere o Motiti

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Ngā moutere o te moana ā Toi

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NGĀTI AWATANGA – OUR LANGUAGE AND CULTURE Ngāti Awa Te Tai

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Cultural Identity & Connectivity/Leadership

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Te Mānuka Tūtahi and Mataatua Wharenui

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Ngāti Awa Group Holding Ltd Chairman’s Report Board of Directors Te Puia Whakaari

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FINANCIAL STATEMENTS Directory of Officers

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Statement of Comprehensive Revenue and Expense

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Statement of Change of Equity

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Statement of Financial Position

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Cash Flow Statement

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Notes to the Financial Statements

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Independent Auditor’s Report

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Remuneration and Payments

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Ngāti Awa Hapū Register Board and Committee Meetings Directory of Staff

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TE RŪNANGA O NGĀTI AWA

Chairman’s Report

“

The Board unanimously supported the Environment Court appeal opposing Creswell N.Z. Limited’s application to take and bottle water, and in doing so confirmed our ongoing responsibility as a post settlement entity representing the rights and interests of Ngāti Awa whānau and hapū.

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

”

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TE RŪNANGA O NGĀTI AWA

Nau mai haere mai ki te rīpoata ā tau o Te Rūnanga o Ngāti Awa. WELCOME TO THE 1 JULY 2018 - 30 JUNE 2019 ANNUAL REPORT Te Rauotehuia Chapman – de Vos, Representative Te Warahoe sadly passed away in May 2019. Te Rau was a long serving Representative of Te Rūnanga o Ngāti Awa, Trustee and Chair of Ngāti Awa Research and Archives Trust, and a member of the Audit, Finance and Risk Committee. Te Rau was a dedicated Representative who spoke her mind, and consistently focussed on achieving the best outcomes for Ngāti Awa. Te Rūnanga o Ngāti Awa mourn Te Rau’s passing with her family and friends.

Over the past year, the Rūnanga Board has faced some significant external issues: an Environment Court Appeal, cross Tiriti o Waitangi claims, and caring for the taiao. The Board has met these challenging issues head on and with resolution. These issues will have long reaching impacts on us as tangata whenua, as Ngāti Awa, and on our taiao. It is with these impacts in mind that the Board has acted to protect our identity, language and culture and status as kaitiaki and tangata whenua.

Reflecting on the dedication of the Representatives over the past year, I can report that the Board met five times as a Board in the last financial year. In addition, Rūnanga Representatives have served on various Committees including Audit Finance and Risk, and Appointments and Remuneration and Ngāti Awa Community Development and Ngāti Awa Research and Archives Trusts.

Some Representatives will be leaving the Rūnanga in 2020, and new Representatives will be joining us after the 2019 Annual General Meeting. I welcome the new Representatives, and farewell the outgoing Representatives who have carried out their duties with dedication and care.

Collectively these Committees and Trusts have met 18 times, and 10 Representatives have served on these Committees.

The Board unanimously supported the Environment Court appeal opposing Creswell N.Z. Limited’s application to take and bottle water, and in doing so confirmed our ongoing responsibility as a post settlement entity representing the rights and interests of Ngāti Awa whānau and hapū.

My thanks to the Deputy Chair, Tuwhakairiora O’Brien for his leadership and commitment to the Rūnanga, and the Representatives who have attended iwi events, and meetings to represent our collective interests.

In closing I want to thank the Ngāti Awa Group Holdings Ltd Directors, Te Rūnanga o Ngāti Awa, Trustees and Committee members for your ongoing commitment and dedication.

Mā te Atua tātau e manaaki e tiaki i ngā wā katoa.

Naaku noa,

CHAIRMAN, TE RŪNANGA O NGĀTI AWA

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Dr Hohepa Mason

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TE RŪNANGA O NGĀTI AWA

Chief Executive’s Report

A key focus for the operations of Te

Rūnanga o Ngāti Awa this past year was our Environment Court appeal

opposing the consent granted to

Creswell N.Z Limited by the Bay of Plenty Regional Council (BOPRC)

for the purpose of bottling water to

In support of our appeal the following parties joined us as section 274 parties: Te Rūnanga o Ngai Te Rangi Iwi Trust, Ngāti Tūwharetoa (BOP) Settlement Trust, Ngāti Pikiao Environmental Society, Tuwhakairiora O’Brien and Ngāi Tamawera Hapū.

Earlier in 2018, Te Rūnanga o Ngāti Awa and other parties made submissions in opposition to Creswell’s resource consent application and submitted our Cultural Impact Assessment to support our opposition. Following a Council level hearing later in 2018,

A mediation was held following the filing of appeals which assisted to narrow the issues but did not resolve the matter. Our appeal ultimately focused on the tikanga effects of taking ground water. Following mediation, but before evidence was due to be filed, the Ngāti Tūwharetoa (BOP) Settlement Trust withdrew its appeal. Sustainable Otākiri also withdrew its appeal of the regional consents (granted by BOPRC) and confirmed it was only appealing the district consents (granted by Whakatāne District Council) alongside a jurisdictional challenge. Ultimately, Te Rūnanga o Ngāti Awa was the sole appellant of the regional consents.

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

to take 1.1 million cubic metres per

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Commissioners appointed by the BOPRC determined to grant Creswell consent to, among other things, take and bottle 1.1 million cubic metres per year from the Awaiti Canal Aquifer. Te Rūnanga o Ngāti Awa along with Ngāti Tūwharetoa (BOP) Settlement Trust and Sustainable Otākiri appealed the BOPRC decision to grant the consents.

year from the Awaiti Canal Aquifer sell in Aotearoa and overseas.

TE RŪNANGA O NGĀTI AWA

The Environment Court Appeal hearing was held in Whakatāne over 20-24 May 2019. Our evidence was heard at Te Manuka Tūtahi Marae, where we hosted the Environment Court over two days.

There was a big turnout of support for our appeal.

In summary, our case, supported by our evidence, was that the ground water take consent sought by Creswell was for too much water, to be sold, too far away. This has both a negative effect on te mauri o te wai and the ability of Ngāti Awa to be kaitiaki. On that basis, we maintained the consent should be declined and Creswell should not be allowed to take the water it seeks to be bottled and sold in Aotearoa and overseas.

Due to the limited jurisdiction of the Environment Court, our appeal was not about “ownership” of water, broader constitutional issues, or seeking to veto particular types of applications. We are however entitled to take a position on these matters generally and take part in broader constitutional kōrero about water quality, water allocation and a number of other environmental matters. And we do. This is part of our responsibility to Ngāti Awa whānau and hapū, and forms part of our ongoing work.

Te Rūnanga o Ngāti Awa remain concerned about the continued erosion of Ngāti Awa rights and interests as tangata whenua and kaitiaki within our rohe, and our exclusion from decision making. We intend to continue to be vigilant about this particularly given the up-coming environmental reform proposed by central government.

The Rūnanga approved Ngāti Awa Pōhiri Rau (Ngāti Awa Tourism Strategy) in June 2019 which focusses on caring for and growing our tourism operations with training, employment and business opportunities for Ngāti Awa people.

Ngāti Awa Pōhiri Rau has been worked on for some time, and now that it is approved will form a large part of our operational focus in the new year. To that end, Te Rūnanga o Ngāti Awa is seeking support from the Provincial Growth Fund to realise the redevelopment of the Whakatāne Tourism Hub (our Army Hall), create a tourism training and employment pipeline, and develop a night-time tourism experience utilising our historical and cultural heritage sites within the Whakatāne township.

We have also partnered with Whakatāne District Council on a Provincial Growth Fund application seeking financial support for the regeneration of the Whakatāne township, and the building of a boat harbour for commercial boats, including our White Island Tours vessels. The proposed boat harbour development includes a Ngāti Awa lands trust.

We expect a response to these funding applications in early December 2019.

The financial performance of the Rūnanga Group for the year was a surplus of $0.05m. The Commercial Group results are discussed further on page 40 in the Ngāti Awa Group Holdings Chairman’s report.

The Rūnanga itself incurred a loss of $0.6m compared to a loss of $0.3m in 2018. The main contributor to the movement in the result was the investment required to fund our Environment Court appeal.

I extend my thanks to the governors and staff for their continued support and hard work over the past financial year and acknowledge the many Ngāti Awa people who have volunteered and given their time and energy to the iwi. We have a busy year ahead, and together we can meet any challenges we may face.

Naaku noa,

Leonie Simpson MANAHAUTŪ, TE RŪNANGA O NGĀTI AWA

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

We have been consistent about our views on Creswell’s application - our Cultural Impact Assessment, submissions to the Bay of Plenty Regional Council and our appeal.

We continue to rely on advice of our pukenga and the Mataatua Declaration on Water in this context (noting that the Declaration has been approved by the Rūnanga as a relevant Ngāti Awa planning document).

We invested significant amounts of time, effort and funding into ensuring that our appeal was robust and relevant. The appeal is still being considered by the Environment Court. We are expecting the decision of the Environment Court this year.

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TE RŪNANGA O NGĀTI AWA

TE RŪNANGA O NGĀTI AWA

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Te Kāhui Kaumātua ō Ngāti Awa

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TE RŪNANGA O NGĀTI AWA

Tēnā rā koutou Ka mihi ki te hunga kua ngaro i te ara whānui a Tane-nui-ā-rangi. Haere ki Tāwhiti-nui, ki Tāwhiti-roa ki Tāwhiti-pāmamao, ki te hono i wairua, ki te kāhui o ngā Ariki.

Koutou te hunga mate ki a koutou, tātou ngā uri o Ngāti Awa e whakahoro atu ki ngā wāhi o te motu nei me ā tātau e noho mai nei i te rohe o Ngāti Awa he mihi.

Ka mihi ki tātau te Te Kāhui Kaumatua, the Council of Elders of Ngāti Awa, which is made up of one koroua or kuia appointed by their respective hapū.

In addition to protecting the mauri of Ngāti Awa, Te Kāhui Kaumatua are charged with advising the Rūnanga on matters involving Ngāti Awa tikanga, kawa, reo and kōrero along with Te Whakaruruhau o Ngāti Awa. (Tā Hirini Moko Mead) This year our discussions have been lively and included:

•

Request by Māori Land Court to hold a wānanga to fully discuss ‘whangai’ in relation to Māori Land Block successions;

•

How Te Kāhui Kaumatua can provide meaningful support for the restoration of te reo o Ngāti Awa.

Me mihi ka tika ki ngā toa reo o

waenga i tō tātau iwi. Ko koutou kai te mura o te ahi e whawhai ana

•

Whakatāne Regeneration project – naming of the project;

•

Submission to Charter to re-establish Te Huinga Rangatahi;

•

Mataatua Wharenui original carvings – how to care for them;

tātau rahi ki tō rātau reo.

•

Supporting to our kaumatua with their IT upskilling - SeniorNet;

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Providing a new name for Whakatāne Museum, now called ‘Te Whare Taonga o Taketake’.

Ko te reo Māori te kākahu o te reo Māori

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Information Request by WDC regarding a documentary on Whakaari;

Rangitukehu Paul

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Supporting ‘Conservation Week’.

CHAIRMAN

i te whawhai pai kia tahuri mai ai tō

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

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TE RŪNANGA O NGĀTI AWA

Board of Hapū Representatives

DR HOHEPA MASON

PAUL QUINN

TE KEI MERITO

BOYCE KINGI

ALF MORRISON

MIRO ARAROA

TE RAU CHAPMAN-DE VOS

REGINA O ‘BRIEN

AMOHAERE TANGITU

TUWHAKAIRIORA O’BRIEN

ENID RATAHI-PRYOR

TE ARANI BARRETT

VINCENT COPELAND

MATEROA DODD Wharepaia

Ngāi Tamapare

PUTIPUTI KOOPU

RUIHI SHORTLAND

MIHIPEKA SISLEY

MERI HEPI

Ngāti Maumoana

Te Kahupaake

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

STANLEY RATAHI

Te Pahipoto (Deputy Chairman)

Ngāti Hokopū ki Te Hokowhitu a Tū ki Te Rāhui

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MANURERE GLEN

Ngāti Pukeko (Chairman)

Ngāti Hokopū ki te Whare o Toroa

Te Patuwai

Tuariki

Ngāi Taiwhakaea II

Ngāi Tamaoki

Warahoe

Ngāi Te Rangihouhiri II

Ngāi Tamawera

Ngā Maihi

Ngāti Hikakino

Ngāti Rangataua

Ngāti Hāmua

Te Tāwera

The Board of Representatives comprises of members from each of the 22 Ngāti Awa Hapū.

They are responsible for the POUROTO NGAROPO

Ngāti Awa ki Tāmaki Makaurau

BRIAN TUNUI

Ngāti Awa ki Pōneke

governance of Te Rūnanga o Ngāti Awa.

TE RŪNANGA O NGĀTI AWA

Our Organisation

Tumurau Limited Partnership

Ngāti Awa Farms (Rangitaiki) Ltd

57%

Ngāti Awa Fish Quota Holdings Ltd

White Island Tours Ltd

68% OWNERSHIP

Ngāti Awa Farms Ltd

Ngāti Awa Forests Ltd

Ngāti Awa Properties Ltd

Ngāti Awa Fisheries Ltd

100% OWNERSHIP

Manu Hou Ltd Liability Partnership

Mataatua Quota ACE Holdings Ltd

17%

OWNERSHIP

70%

NAAHL

NAGHL

Ngāti Awa Asset Holdings Limited

Ngāti Awa Group Holdings Limited

100% OWNERSHIP

NARA

Ngāti Awa Research & Archives Trust

NACDT

Ngāti Awa Community Development Trust

100% OWNERSHIP

TRoNA

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Te Rūnanga o Ngāti Awa

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TE RŪNANGA O NGĀTI AWA

Our Staff

HALEY MCCORKINDALE

ANDREA KINGI

Board Secretary

CEO Executive Assistant

JACKIE WHAREWERA

NAEDENE STEWART

Manager Knowledge and Information

Receptionist

GLENDA STEWART

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

NAGHL Board Secretary

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NOTI BELSHAW

Manager Identity: Language and Culture

KERI TOPPERWEIN

Consents Coordinator

PETER THOMAS

Financial Controller

BEVERLY HUGHES

Manager Policy and Strategy

MONICA MANIAPOTO

CHARLIE BLUETT

Iwi Register

Customary Fisheries

LYNSEY MARIU

BOB HUDSON

Finance Administrator

Operations Manager

Effectively supporting the “ achievements of iwi aspirations and the long term iwi vision is a key role of Te Rūnanga o Ngāti Awa.

”

Strategic Framework Iwi Perspective

Whānau, Marae, Hapū, Iwi Iwi Aspirations

Priorities

Values

Ko Ngāti Awa te Toki

Iwi Vision 2050 Turangawaewae

Mauri Ora

Toi Ora

Tū Pakari

Cultural Identity and Connectivity

Independence, Resources and Sustainability

Optimal Wellbeing

Leadership and Hapū Unity

Te Ara Poutama o Ngāti Awa

Te Rūnanga o Ngāti Awa Strategic Vision - Strengthening the bindings of the adze Cultural Strategy

Resource Strategy

Wellbeing Strategy

Leadership and development Strategy

Making Strategic Decisions Our Values

Code of Conduct

Plans

Policies

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Te Rūnanga o Ngāti Awa

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TE RŪNANGA O NGĀTI AWA

Achievement Summary 2018-2019 CORE PROJECTS – delivered within the 2018/19 Financial Year Operational Activity

Detail

COMPLIANCE

Charter Legislation Audit and reporting

OPERATIONS

Staff development Health and Safety training programme and monitoring

EFFECTIVE REPRESENTATION

Board and Committee governance and support and administration Kāhui Kaumātua support and administration Audit Finance and Risk Committee reporting

ACCOUNTABILITY AND ACCESS

Annual General Meetings Administer Iwi register Communications with members and hapū/marae Website and social media management Historical archive Iwi Events/Celebrations

KAITIAKITANGA

Consents Legislation and Charter Compliance Enhance hapū capacity

MAJOR PROJECTS ACHIEVED 1 TE RAUTAKI REO O NGĀTI AWA Me pūmau tātau ki Te Reo, ā kia tū rangātira ai tātau, ko Ngāti Awa Reo Rau.

2 INFORMATION TECHNOLOGY Build and implement a technology platform to ensure access to archives, transparency, accountability and increase efficiencies across governance and operations of the Rūnanga.

3 GOVERNANCE AND CHARTER REVIEW Implement the findings of the Governance Review Committee and establish a Working Group to review and identify effective governance and representation for Te Rūnanga o Ngāti Awa

4 TE RŪNANGA NGĀTI AWA CHARTER/GOVERNANCE REVIEW

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Support and administer the Charter/Governance Review.

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5 NGĀTI AWA PŌHIRI RAU (TOURISM STRATEGY) Implement and support the delivery of the Ngāti Awa Tourism Strategy with an emphasis on building Te Rūnanga o Ngāti Awa Group and iwi capability and capacity to lead and deliver economic, social and cultural outcomes for Ngāti Awa.

6 TAIOHI LEADERSHIP The upskilling of our current and future leaders will ensure we have the right people, skills and experience to lead us through our long term strategic pathways.

7 TAIAO CAPACITY AND CAPABILITY Build iwi and Te Rūnanga o Ngāti Awa capability and capacity to support and enhance kaitiakitanga.

TE RŪNANGA O NGĀTI AWA

TE ARA POUTAMA: Guiding Principles

Manaakitanga Caring for each other Our shared obligations to care for one another, with particular emphasis on caring for our youth and our elders.

Kaitiakitanga Guardianship for future generations Represents our obligations to protect our culture, our environment, our resources and our people today and for future generations, in accordance with our cultural practices.

Ngāti Awatanga Our language and culture Uphold and protect our language and culture which derive from our shared ancestry - as the cornerstone of our unique identity.

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

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Manaakitanga Caring for each other Ngāti Awa Education Scholarship Recipient He Mihi Ko Pūtauaki me Kapūterangi okū Maunga Ko Rangitāiki me Ōrini me Whakatāne ōku Awa Ko Mātaatua te Waka Ko Ngāti Awa te Iwi Ko Te Pahipoto me Ngāi Taiwhakaea me Ngāti Hokopū ki Te Hokowhitu-a-Tū okū Hapū Ko Kokohinau me Taiwhakaea me Te Hokowhitu-a-Tū okū Marae Ko Hingatu Elliott tōku ingoa I completed my secondary schooling as a student boarder at Hukarere Girls’ College in Eskdale, Napier. I was a recipient of the Te Puawaitanga Scholarship which is awarded to students with high leadership potential to attend one of six (at the time) Maori boarding schools to realise their academic, sporting and cultural aspirations as future leaders and learners.

I started my journey at the University of Otago on the Tū Kahika Health Sciences scholarship programme which is a pathway designed for young Māori tauira who aspire to study towards a career in health. On reflection this experience helped to provide me with the tools and collegial support to successfully pursue undergraduate study and upon completing my Health Sciences First Year (BSc) papers I was accepted for admission onto the second year Medicine MB ChB programme at the University of Otago this year.

My whānau has dedicated much of their lives in service to our many marae, land trusts and the Te Teko Rugby Club for the welfare and care of our whānau, hapū and iwi. As mokopuna it is second nature for us to be helping by doing the shopping for tangihanga, hui or other marae functions and voluntary work for the various fundraising activities in Te Teko as this is our everyday life and to give freely without expecting anything in return. I will always consider myself very fortunate to have strong whānau/hapū support that enables me to continue to strive towards my educational aspirations and academic success. I have chosen to study medicine and to become a doctor because for me “to provide care for others” is the most challenging and rewarding job in the world.

Ehara taku toa, he takitahi, he toa takitini

“My life goal is to become a doctor to provide healthcare for the wellbeing of our people in our communities.”

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

EDUCAT ION APP LICAT I ONS R E C E I VE D BY H A PŪ Ngā Maihi Ngāi Taiwhakaea II Ngāi Tamaoki Ngāi Tamawera Ngaī Te Rangihouhiri II Ngāti Awa ki Tāmaki Makaurau Ngāti Hāmua Ngāti Hikakino Ngāti Hokopu ki Te Hokowhitu-a-Tū Ngāti Hokopū ki Te Whare-o-Toroa Ngāti Pūkeko Ngāti Rangataua Ngāti Wharepaia Te Kahupaake Te Pahipoto Te Patuwai Te Tāwera Warahoe 0

18

11 15 5 2 4 1 1 3 2 4 18 5 3 2 16 7 1 4

5

10

15

20

Caring for each other

Manaakitanga

Ngāti Awa Education Scholarship Recipient pursuing studies towards a Bachelor of Science at the University of Auckland in statistics and computer science (graduated in 2018) and Master of Applied Data Science at the University of Canterbury (2019). Being the first Maori data science post-graduate, I am considering a doctorate to research kaupapa Maori data analysis to establish a framework as this does not exist for Maori organisation reference.

My name is Meremaihi Sharleen Mahutoto.

I was raised in Whakatāne amongst my Ngāti Awa Whānau having affiliations to all marae of Whakatāne and Motiti but predominantly with my Te Pahipoto, Te Patuwai, Ngāti Maumoana and Ngāti Pukeko whānau. My waka are Mataatua, Tainui and Te Arawa and I have whakapapa to all tribes of the Mataatua confederation.

I attended Te Timatanga Hou Kohanga Reo, Te Kura o te Pāroa and Trident High School; then

Whilst studying towards my degrees I undertook three internships (two iwi research projects and one CoRE project). At the Centre of Research Excellence, Te Punaha Matatini, I conducted network analysis to identify potential innovation groups. During my time at Waikato-Tainui College for Research and Development I was involved with designing and archiving their online information. In 2018 -19, I spent the summer in the Bay of Plenty with Te Arawa Lakes Trust. Here, I undertook social network analysis using automated web page extraction.

While initially studying towards an engineering degree, I undertook my studies in data science, statistics and computer science because of my interest in critical thinking and developing a set of skills to provide for human endeavour.

Currently I am employed in Auckland, working in a Te Puni Kokiri commissioned agency for their Whānau Ora initiative, to automate their data outputs and update their data warehousing. An outcome is that communication and accountability processes are improving within the organization.

My aspiration for my iwi is to realize the potential of 21st century data science.

Data driven decision-making prioritizes creativity, scientific thinking, business acumen and lived experiences. There is huge potential in the study of data science as there is data in every aspect of life. Data has the ability to reveal in-depth details of human interaction and these learnings can be transformed into meaningful commercial, social and cultural outcomes.

“Me mihi ki Te Rūnanga o Ngāti Awa mo ngā awhina karahipi.

He manu hou ahau, he pī ka rere.”

“Tertiary and Scholarships open February of each year Check you are registered with us and your postal and email addresses are correct” Email: register@ngātiawa.iwi.nz or phone 0800 464 284

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

ARE YO U R E G I STE R E D ?

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Manaakitanga Caring for each other Ngāti Awa Education Scholarship Recipient Tēnei te huri ki te tangi taweke ki a rātou tē hokia te whai ao nei. Rātau i hinga, rātau i taka ki te ringa kaha ā te Karauna i ngā tau i murua raupatuhia ngā whenua o Ngāti Awa mai i 1865. Tahuri ana ki a tātau te hunga kiko, tātau i mahue iho nei hai whakapakari anō i ō tātau whānau, hapū me te iwi whānui hoki, tēnā tātou katoa.

E ngā kaipupuri hoe whakamua ō Ngāti Awa, e ngā mema o te Rūnanga me ngā māngai hapū, tēnei te mihi.

Ko Hēpeta tōku tipuna, ko Ngāi Te Rangihouhiri II te hapū, Ko Jasmyn Pearson tōku ingoa.

I was 15 when I first witnessed my grandfather, Whainoa Te Aurere Simpson speaking on the pae. I was watching the television programme ‘Te Waka Huia’ with my mother from the lounge of our whare in Rangiora, North Canterbury where I grew up.

Koro ‘Bubbles’ as most knew him, was one of 11 witnesses that gave evidence before the Waitangi Tribunal at Wairaka, Whakatāne in support of the Ngāti Awa claim. That was July 1994.

Years later I would learn of the horrific details of the ‘raupatu’, including that our tipuna Hēpeta Te Taiwhakaripi was among many who were wrongfully tried and convicted, sentenced to a life in Mt Eden prison ‘Mautini’, where he and others would finally pass. I learnt of the ongoing injustices and the devastating effects of the intergenerational legacy that raupatu wrought on my mother’s people as a student at Te Whare Wānanga o Awanuiārangi. I am grateful for that education.

The often cited whakatauki of our tipuna and founder of Te Hāhi Ringatū, Te Kooti - ‘mā te ture anō te ture e aki’ signals the possibility of being able to effect change.

Successive government legislation and policy have done little to encourage the wellbeing and rebuilding of our people. Ēngari, ahakoa ko aua pēhitanga, me whawhai tonu mātou.

I am very grateful to Ngāti Awa for supporting me in my endeavour to return to full-time tertiary study to gain a law degree, while raising my whānau here in Whakatāne.

Nō reira, tēnā koutou, tēnā koutou, tēnā tātau katoa.

‘mā te ture anō te ture e aki’

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Education Grants and Scholarship Distribution

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2005/2006

$81,400

2013/2014

$48,450

2006/2007

$87,600

2014/2015

$45,600

2007/2008

$78,450

2015/2016

$40,800

2008/2009

$77,200

2016/2017

$46,900

2009/2010

$99,450

2017/2018

$23,500

2010/2011

$97,750

2018/2019 $51,350

2011/2012

$94,250

2012/2013

$59,850

$932,550

Caring for each other

Manaakitanga

2019 Education Grant Recipients HAPŪ

STUDY PROGRAMME

STUDY LEVEL

Michelle Merani Chicky-Lee Savage

Ngā Maihi

Education

Bachelor

Bridget Mary Patrick

Ngā Maihi

Health Science

Bachelor

Katarina Koroheke

Ngā Maihi

Social Science

Certificate

Vera Rachel Patrick

Ngā Maihi

Health Science

Bachelor

Ashlea Sarah Gillon

Ngā Maihi

Humanities

Doctorate

Shaun Toroa Te Rire McNeil

Ngā Maihi

Science

Bachelor

Patricia Tuihi Carre

Ngā Maihi

Matauranga Māori

Bachelor

Hazel Aroha Abraham

Ngā Maihi

Humanities

Doctorate

Toni Kamiria Howe

Ngā Maihi

Education

Bachelor

Jaedyn Poutaiaha Hahipene

Ngā Maihi

Commerce/Business

Bachelor

Daniel Shae Aramoana Martin

Ngā Maihi

Applied Sciences

Diploma

Israel Mathews

Ngāi Taiwhakaea II

Other Trade

Certificate

David Patrick Whittle

Ngāi Taiwhakaea II

Education

Diploma

Waiwhakaata McLaughlin

Ngāi Taiwhakaea II

Health Science

Certificate

Shonelle Te Kahupake Wana

Ngāi Taiwhakaea II

Matauranga Māori

Doctorate

Ngairo Lorne (Nigel) Petersen

Ngāi Taiwhakaea II

Education

Bachelor

Aaliyah Purcell

Ngāi Taiwhakaea II

Other Trade

Certificate

Mihi Sara Takotohiwi Moloney

Ngāi Taiwhakaea II

Health Science

Bachelor

Shavaughn Hope Petersen

Ngāi Taiwhakaea II

Science

Bachelor

Cole Wiremu Francis Reneti

Ngāi Taiwhakaea II

Commerce/Business

Bachelor

Awanuiarangi James Morris

Ngāi Taiwhakaea II

Law

Bachelor

Taydia Faith Mereheeni Heta-Morris Ngāi Taiwhakaea II

Law

Bachelor

Retia Aaron Melbourne-Morehu

Ngāi Taiwhakaea II

Social Science

Bachelor

Aniva Kararaina Pritchard-Heem

Ngāi Taiwhakaea II

Environmental Management

Diploma

Te Mapihi Kahurangi Tutua-Nathan

Ngāi Taiwhakaea II

Health Science

Bachelor

Mary Te Hirata Kingi

Ngāi Taiwhakaea II

Humanities

Bachelor

Te Awhitu Chas Wilson

Ngāi Tamaoki

Sport Science

Bachelor

Gloria Hunia

Ngāi Tamaoki

Social Science

Masters

Billy Jo Hunia

Ngāi Tamaoki

Science

Masters

Vincent Tony Nathan

Ngāi Tamaoki

Social Science

Bachelor

Trevor Tauhe Apihai

Ngāi Tamaoki

Matauranga Māori

Masters

Katy Katie Wiri

Ngāi Tamawera

Matauranga Māori

Masters

Bella Pera Te Taka Tipene

Ngāi Tamawera

Humanities

Bachelor

Quintin Auhi Kerr

Ngāi Te Rangihouhiri II

Humanities

Bachelor

Hinepare Tawa

Ngāi Te Rangihouhiri II

Humanities

Bachelor

Jasmyn Audrey Pearson

Ngāi Te Rangihouhiri II

Law

Bachelor

Haley Rose Castle-Tauroa

Ngāi Te Rangihouhiri II

Social Science

Bachelor

Yvonne Mitchell

Ngāti Awa ki Tāmaki Makaurau

Science

Bachelor

Joanna Rehe

Ngāti Hāmua

Social Science

Bachelor

Avary Christina Patutama

Ngāti Hikakino

Commerce/Business

Bachelor

Aroha Leighton

Ngāti Hikakino

Law

Bachelor

Maia Takamoana Westrupp

Ngāti Hikakino

Social Science

Bachelor

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

STUDENT

21

Manaakitanga Caring for each other 2019 Education Grant Recipents continued…

Maia-Danielle Wharewera-Ballard

Ngāti Hokopu ki Te Hokowhitu-a-Tū Humanities

Bachelor

Courtney Leone Taumata Sullivan

Ngāti Hokopu ki Te Hokowhitu-a-Tū Health Science

Bachelor

Freya Hohneck

Ngāti Hokopū ki Te Whare-o-Toroa

Education

Bachelor

Vicky Joanne Alison Lawson

Ngāti Hokopū ki Te Whare-o-Toroa

Education

Doctorate

Nyal Perry Tanara Stewart-Seal

Ngāti Hokopū ki Te Whare-o-Toroa

Education

Bachelor

Damian Gabriel Bluett

Ngāti Hokopū ki Te Whare-o-Toroa

Law

Melissa Grace Carter

Ngāti Pūkeko

Education

Bachelor Graduate Diploma

Ngāti Pūkeko

Law

Bachelor

Ngāti Pūkeko

Environmental Management

Diploma

Riley John Rigden

Ngāti Pūkeko

Commerce/Business

Bachelor

Sharnah Olliver

Ngāti Pūkeko

Health Science

Bachelor

Lauralee Hillman

Ngāti Pūkeko

Education

Bachelor

Miriarangi Keita-Apireira Kapa

Ngāti Pūkeko

Health Science

Bachelor

Tiaan Roia

Ngāti Pūkeko

Social Science

Bachelor

Glenda Maria Rewita

Ngāti Pūkeko

Social Science

Diploma

Maraea Yvonne Porter

Ngāti Pūkeko

Humanities

Bachelor

Patsy Polly Alice Gugu Nikora

Ngāti Pūkeko

Matauranga Māori

Doctorate

Laace Shanyah Taylor Warren

Ngāti Pūkeko

Commerce/Business

Bachelor

Zane Te Whiti o Rongomai Rangihika Ngāti Pūkeko

Health Science

Bachelor

Danae Huia Rangihika

Ngāti Pūkeko

Humanities

Bachelor

Kelly Anne Roia

Ngāti Pūkeko

Health Science

Bachelor

Julie Bush-Mahaki

Ngāti Pūkeko

Tourism

Diploma

Kyea Watene-Hakaria

Ngāti Pūkeko

Humanities

Bachelor

Te Aniwa Waiharakeke Cook

Ngāti Pūkeko

Commerce/Business

Diploma

Mikaea Rapana

Ngāti Rangataua

Social Science

Bachelor

Marama Rose Cook

Ngāti Rangataua

Matauranga Māori

Masters

Ngahiraka Eneta Kopae

Ngāti Rangataua

Health Science

Bachelor

David Garner Gulliver

Ngāti Rangataua

Education

Masters

Aroha Tihi

Ngāti Rangataua

Commerce/Business

Davina Ruth Mossman

Ngāti Wharepaia

Science

Antonia Marie Raynel

Ngāti Wharepaia

Humanities

Bachelor Post Graduate Diploma Bachelor

Haisley Bell

Ngāti Wharepaia

Commerce/Business

Jessica Wiperi

Te Kahupaake

Commerce/Business

Riria Kataraina Kira

Te Kahupaake

Matauranga Māori

Bachelor Graduate Diploma Masters

Maia Eruera

Te Pahipoto

Commerce/Business

Bachelor

Dominique Kara-Tihi

Te Pahipoto

Commerce/Business

Certificate

Kiriwhakaangi Ellen Henry

Te Pahipoto

Education

Aroha Te Rangihau Ruha-Hiraka

Te Pahipoto

Health Science

Erina Daley McDonnell

Te Pahipoto

Health Science

Masters Post Graduate Certificate Bachelor

Teah Hingatu Anita Elliott

Te Pahipoto

Health Science

Bachelor

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Naomi Kararaina Te Whiwhitanga Bidois Roia Emaraina Mihiterina Kapa

22

Caring for each other

Manaakitanga

Rian Rangipaeroa Sanerive

Te Pahipoto

Health Science

Bachelor

Martin Lewis TeAoKahurangi Niao

Te Pahipoto

Commerce/Business

Bachelor

Blair Te Whatarangi Dixon

Te Pahipoto

Health Science

Bachelor

Venessa Jane Tuaupiki

Te Pahipoto

Applied Sciences

Certificate

Makarita Marilyn McDonnell

Te Pahipoto

Health Science

Bachelor

Makarita Margaret Enoka

Te Pahipoto

Commerce/Business

Masters

Samantha Te Kahurangi Grace

Te Pahipoto

Health Science

Bachelor

Rikki-Maria Pakuria Sidney-Rei Te Maungarongo Stoneham Waiharakeke Aloma Ruha Hiraka

Te Pahipoto

Commerce/Business

Bachelor

Te Pahipoto

Commerce/Business

Bachelor

Te Pahipoto

Education

Bachelor

Louise Piata Aukaha

Te Patuwai

Science

Bachelor

Rikki Gage

Te Patuwai

Health Science

Bachelor

Meremaihi Sharleen Mahutoto

Te Patuwai

Applied Sciences

Masters

Moana Rangiaho

Te Patuwai

Education

Bachelor

Erena Davis Te Ao Marama Ki te Rangi Rewiri-Wharerau Wharengaro Ruha

Te Patuwai

Law

Bachelor

Te Patuwai

Health Science

Bachelor

Te Patuwai

Applied Sciences

Bachelor

Frances Teinakore-Curtis

Te Tāwera

Environmental Management

Doctorate

Huiarau Blair Stewart

Warahoe

Commerce/Business

Masters

Ngaire Teresa Rapana

Warahoe

Applied Sciences

Bachelor

Kristal Boynton

Warahoe

Humanities

Bachelor

Jackie Te Amo

Warahoe

Matauranga Māori

Doctorate

Levels of Study - total numbers

7

PHD

11

Masters (5 years)

Post Graduate

69

(4 years)

Bachelors Degree (3 years)

Places of Study - total numbers

25 WĀNANGA

2 OTHER

18 POLYTECHNIC

13

Diploma & Certificates (6mths - 2 years)

59 UNIVERSITY

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

(7 years)

4

23

TE RŪNANGA O NGĀTI AWA

Kaitiakitanga

Guardianship for future generations

Customary Fisheries Report Mussel restoration in Ōhiwa Harbour In 2016 Dr Kura Paul-Burke surveyed the mussel beds in the harbour and found an alarming decline in mussel numbers and bed extents since previous surveys. The sudden decline was largely attributed to seastar predation.

Kura then put together a plan to trial methods of re-establishing mussels in the harbour. The use of cages that this plan involved required a resource consent. This was granted in July last year and the implementation of the plan in October. The project is co-funded by BOP Regional Council and Taihoro Nukurangi (NIWA). The aims are to assess: • Whether mussel spat from Ohiwa can be collected on lines in the harbour.

• Whether relocated mussels survive and recruit on the bottom.

• Whether cages provide respite from seastar predation.

• Options for assisting mussel restoration and replication on a large scale.

Kura reported back to the Ohiwa Harbour Implementation Forum (OHIF) on the progress of the trial.

At that time: • Mussels relocated from mooring chains to the cages did re-establish on the harbour bed.

• Seastars did eventually find their way into the cages to predate the mussels.

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

• Wild mussel spat did establish on both artificial and natural fibre spat lines.

24

• A Master of Marine Science Student, Megan Ranapia, has been seconded to develop a Habitat Suitability Index for shellfish restoration.

• A funding proposal, co-developed with Upokorehe and Ngāti Awa has been made to the Sustainable Seas National Science Challenge, Sustainable Seas, Awhi Mai-Awhi Atu. The application to Sustainable Seas has since been successful and a Putea of $1.2million has been allocated to this project to cover research into the cause of mussel decline in Ohiwa Harbour.

Kura and her team are continuing to monitor the spat lines and cages and will update OHIF on progress from time to time.

Guardianship for future generations

TE RŪNANGA O NGĀTI AWA

Kaitiakitanga

Pipi and Cockle populations in the Ōhiwa Harbour The importance of addressing the seastar proliferation and its effect on the mussel population is that if allowed to run its course, the seastar will turn their attention to the pipi and cockles.

As Kaitiaki, we keep a watchful eye on the pipi and cockle population in the harbour and have noticed the proliferation of small cockle. At the moment they are tiny in size. Hopefully they will grow to a harvestable size.

Recently the shellfish survey was carried out by Ministry of Primary Industries (MPI) on the health of shellfish population along the countries’ shoreline.

Data was collected from 2012-2018.

A large number of diebacks has been reported. A clear cause of this has not been identified however it is assumed warming waters, pollution and toxins, increased sediments etc impact on shellfish health.

In our Rohe Moana we keep a watchful eye on harvest numbers that our fishers take when issued with customary permits. This information is fed to MPI who use it to contribute to the make-up of national fish plans.

Customary/Commercial Kina plans (SUR 1B) In the new sustainability rounds this year, commercial quota holders applied to the Minister for Primary Industries for a 50 tonne SUR 1B TACC increase.

The Commercial fishers believe that kina stocks are such that they can sustain an increase in quota allocation.

Iwi submitted an objection to any increase to the Minister as proper science methods haven’t been applied to reach a true informed decision. Iwi insisted that a full stock assessment should be carried out to give a reasoned picture of the kina stocks in our rohe. Iwi believed that any increase in TACC would detrimentally affect iwi’s ability to provide our taonga kaimoana to feed ourselves and our manuhiri.

On the 1st October the Minister issued the following statement.

• SUR 1B TAC = 324 tonnes (status quo) • SUR 1B TACC = 140 tonnes (status quo) • Customary allocation = 90 tonnes (status quo) • Recreational allocation = 90 tonnes (status quo)

The Dams remain a barrier to the migration of our taonga species. Trials to allow adult tuna to pass the Dam’s turbines continue with limited success.

In the meantime trap and transfer continues to be the best method to get elvers up river and adults down river.

Commercial LF tuna quota has been significantly reduced across the fishery.

Commercial operators informed us that, as it is becoming unsustainable to fish LF tuna, they concentrate more on fishing SF tuna. However, customary fishers still target them, especially during Tuna Heke.

Talks will begin shortly with Rangitaiki river iwi interests to discuss methods available to regulate fishing activity currently occurring, to better manage and maintain fish stocks going forward.

The old system of paper permits for Customary kaimoana harvest is being phased out and E permitting is being taken up by iwi throughout the country. The new system will take a bit of time to bed in but once up and running well, access to a Customary permit will just require a phone call to a central distribution centre to acquire.

Pātaka Kai We continue to provide pātaka kai to our marae for tangihanga. Fish fillets are accessed via the commercial fishing company Moana NZ. Meat is sourced from our dairy farms via cull stock.

We have gazetted a rohe moana stretching from Wahieroa in the west to Maraetotara stream in the east and extending 24 nautical miles into the ocean. This is recognised by the Crown as an inshore rohe moana.

Within this rohe moana Ngāti Awa can issue permits for customary purposes.

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Tuna [Long Fin (LF) & Short Fin (SF)]:

Electronic Permitting

25

Kaitiakitanga

Guardianship for future generations

Kaitiakitanga is promoted

Ngāti Awa Environment Management Plan

and protected through the

The Board adopted the Ngāti Awa Environment Plan at the June 2019 meeting. The plan ws developed following input from the iwi and Rūnanga. The purpose of the Plan is to articulate our:

resource consent process and legislative processes.

• Common vision for kaitiakitanga of our natural and physical resources and ancestral taonga • Issues regarding resources and environmental management of resources within our rohe • Position regarding activities and development within our rohe (i.e what we want or do not want to happen).

• Expectations with regards to consultation by others, particularly Council, Central Government Agencies, developers and resource consent applicants.

This plan will influence and guide our own mahi. It will be used to: • Articulate our issues of significance and longterm aspirations • Clarify our expectations about engagement processes

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

• Guide and influence Support on the ground initiatives and funding applications

AN

ŌN L AN IAO I TA AL P TI AWA TIK ATA E N T O NGĀ EM N M ANGA RIT AKA RO TE RŪN WH N V I RED BY RE AHE A E PREPA AWDOCUMENT ĀTI NG I PLANNING

TE M

IW

GĀT A I AW

26

RE AHE I TE M TATIK MA AWA E RIT TI AKA Ō NGĀ WH O TAIA

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• Establish effective and efficient operations that strengthen the capacity and capability of Ngāti Awa.

prep

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You can view the Environment Management Plan at www.ngatiawa.iwi.nz

Guardianship for future generations

Kaitiakitanga

Bay of Plenty Regional Council – Plan Change 9 (Region-wide Water Quantity).

Kopeopeo Canal Remediation Project

This is a Regional Council led plan change to the Bay of Plenty Natural Resources Plan. The plan change seeks to introduce rules to improve water quality and quantity. We provided submissions to the Regional Council and have appealed the decisions made by the hearings panel. Environment Court assisted mediation will take place in November – December 2019.

The dredging of the Kopeopeo canal has concluded. This was a significant milestone for the project and Project Team. The project successfully completed the removal and storage of around 35,000 cubic metres of sediment. A special acknowledgement needs to be given to Joe Harawira who was instrumental in advocating for the remediation of this site.

Rangitāiki River Forum The purpose of the forum is the protection and enhancement of the environment, cultural, and spiritual health and wellbeing of the Rangitāiki River and its resources for the benefit of present and future generations.

Thanks to Miro Araroa and Tuwhakairia O’Brien for their mahi representing Te Rūnanga o Ngāti Awa on this forum.

Key Highlights from the Forum, • Recovery works on the river continued following the floods in 2017 • Te Hekenga nui o te Tuna – programme to re-establish fish passage where it is compromised

A special thanks to Eula Toko for her efforts on the team as a cultural bioremediation monitor. Thank you to Tani Wharewera, Riritahi Williams and Tui Edwards for their volunteer hours and significant contributions to the project.

• Freshwater Futures governments directives for the improvement of freshwater quality

32

ON I S

8

12 LA N D

S

US

E

7

O

S RK

8

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

E G R

EARTHW

SUBDIV I

ER T A

DISCHA

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Resource Consents

27

Kaitiakitanga

Guardianship for future generations

Ngāti Awa Research and Archives 2018 – 2019 was a busy time for Ngāti Awa Research and Archives, it was a time of renewal as well as a time to look back to its past and highlight our archival material. A key part of this work was digitising our achives into an online catalogue which went live in December 2018. The online catalogue has had over 220,000 hits and drawn in over 1000 page views per month since being available.

Ngāti Awa Research and Archives engaged two tertiary student interns over the past year. One student was tasked with preparing content for the online catalogue, the other performed data cleansing activities. Both students are of Ngāti Awa decent and performed their duties to a high standard.

The World War One exhibition was installed in the Ngāti Awa Research and Archives offices in March 2019 and has been the scene for much contemplation and discussion from visitors and staff alike. There has been a concerted effort to display all the exhibitions and other taonga we have in the archive.

Our Research services were reopened in April 2019 enabling interested people the opportunity to come do small research projects in the Louvain Street office.

Adrian Jaram joined the staff as the Research Facilitator for Ngāti Awa Research and Archives and there is a constant demand for the knowledge and services he provides.

In June the library shelving was extended and many of the items that have been stored in the back are now residing on these shelves.

A digitisation suite has been built in part and tested this year with audio tapes being digitised first. The suite was used to support our opposition to WAI2521 Ngā hapū o te moutere o Motiti claim.

Information and Knowledge

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Information Technology for Te Rūnanga o Ngāti Awa, White Island Tours and Te Mānuka Tūtahi moved forward in giant leaps this year.

28

A refurbished and configured server was donated by Te Whare Wānanga o Awanuiarangi as part of the shared services agreement. This agreement has supported the growth of our IT capabilities and capacity.

With the implementation of the server Te Rūnanga o Ngāti Awa have been able to secure and control our data and Intellectual Property (IP) like never before, as well as starting recovery and rediscovery of data that was once considered lost or unusable.

The White Island Tours, Te Rūnanga o Ngāti Awa and Te Mānuka Tūtahi networks were upgraded to ensure network security is at optimum levels at all times. White Island Tours had their operational computing fleet renewed and this work was completed by Ngaire Rapana, one of our education grant applicants who is studying IT at Toi Ohomai. Ngaire was tasked with cleaning and disposal of the old machines, and then configuration and full rollout of new machines onsite to staff. Ngaire was so proficient with the tasks put to her that she was given an extension of her work to assist with recovery of data from a number of old storage systems that were onsite at Te Rūnanga o Ngāti Awa. Taiao Geospatial Information Systems (GIS) were improved this year with a complete upgrade of layers and a move to the cloud to ensure that we have connectivity for our mobile Taiao team.

Video conferencing continued to gain momentum in the Te Rūnanga o Ngāti Awa offices with a number of different meetings running concurrently on different devices on any given day. This small change in the way meetings are run has had a transformational impact on Te Rūnanga o Ngāti Awa, allowing for easier communication that is not dependant on weather, flights or geographic location.

Guardianship for future generations

Kaitiakitanga

WAI2521 Ngā Hapū o te Moutere o Motiti (G Hoete and others) Claim The Wai 2521 claim is seeking findings from the Waitangi Tribunal that in respect of Motiti there is another hapū outside of Te Patuwai, Ngāti Maumoana and Te Whānau ā Tauwhao who are tangata whenua.

Te Rūnanga o Ngāti Awa and Te Patuwai Tribal Committee jointly oppose this claim on the basis that the Ngāti Awa Settlement did include the tangata whenua of Motiti, namely Te Patuwai and Ngāti Maumoana who are of Ngāti Awa descent.

While Te Rūnanga o Ngāti Awa and Te Patuwai Tribal Committee do agree that the Crown needs to do a much better job at resourcing activities on Motiti and providing a voice for the island in terms of resource management and other matters, who the tangata whenua are of Motiti is already confirmed.

The Tribunal considered the claim over 18 months, culminating in the final hearing being held in Tauranga on 4 and 5 September. In the past year, the Te Patuwai Tribal Committee, members of Te Patuwai, Ngāti Maumoana, Ngāti Awa and Te Rūnanga o Ngāti Awa have attended 5 hearings, over 23 days.

A considerable amount of effort, time and resources was required to represent our opposition to this claim. We are now awaiting the Tribunal findings which are expected in early 2020. Te Patuwai Tribal Committee and hapū members also spent numerous voluntary hours participating in this claim and preparing evidence.

29

Kaitiakitanga

Guardianship for future generations

Nga moutere o te moana ā Toi Kaore hoki te mate, whanawhana i roto Me kawe rawa e ahau, nga roro whare ki Pakipaki Whakatauki mai, naumai ki ahau

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Kā wiri te haere, e pura ana te kanohi

30

Ki te titiro mai ki ahau, motu koura ko Whakaari Motu kuia ko Rūrima, motu mana ko Moutohorā Puke i ahua e te tipua ki Pūtauaki, moana i takaia e Toi Mai i ngā kurī ā Whārei, ki Tihirau, tūturu whakamaua kia tīnā, tīna, hāumi ē hui ē, Tāiki ē

Guardianship for future generations

Kaitiakitanga

The Rūrima Islands The Rūrima Māori Reservation includes the islands of Rūrima (Te-kauae-ōWaitaha), Moutoki, and the reef Tokatā, that has a total area of approximately 11.5313 ha. The islands are located 19 kilometres west of the Whakatane River and 6 kilometres north from the Rangitāiki River. The islands were “Set aside as a Māori Reservation for common use of Māoris of the Ngāti Awa of Bay of Plenty, as a fishing and flora and fauna reserve” by way of Gazette Notice on 23 July 1953 and is vested in Trustees.

Rūrima Islands are also managed by DOC as a Wildlife Refuge.

There is speculation as to the genesis of the name Te-kauae-o-Waitaha which was so given because that chiefly gentleman seeking to quench his thirst

whilst exploring the more prominent of the islands drove his taiaha into the ground at the base of a group of rocks and lo and behold water gushed forth, however in his haste to seek comfort from the spring he stumbled and is reputed to have broken his jaw against the rocks, hence the name Te-kauae-ō-Waitaha.

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

31

Kaitiakitanga

Guardianship for future generations

MOUTOHORĀ Moutohorā lies approximately 8kms directly offshore from the Whakatāne Airport and some 11kms from the township of Whakatāne.

The island is 2.4km long, about 1km wide and 353m at its highest point and is 143ha in area. The island is well known for geothermal pools traditionally used for cooking kai and medicinal purposes. Kuia/ Oi (Grey Faced Petrels) were also traditionally harvested in November.

Unique cultural sites on Moutohorā incude; • Motu-hara-paki (The Highest Peak) • Raetihi Kōangiangi-kāwatawata Pā (the Summit of Gentle Breezes) • Te Puna wai (Freshwater Spring) • Te Pari Kawau (Urupā) • Te One-roa (The Elongated Bay) • One-te-uru (Western Kaimoana Bay) • One-te-raki (Northern Kaimoana Bay) • Te Rā-whiti Māra Kūmara (Kūmara Gardens) • Te Rā-tahi (Boulder Bay)

32

Guardianship for future generations

Kaitiakitanga

TE PAEPAE KI AOTEA, KI HAWAIKI The threshold of the living to Aotea and departing place of the spirits to Hawaiki.

Now referred to as Te Paepae ki Aotea A group of three small islands, some three miles distant from Te Puia Whakaari off the Eastern Bay of Plenty coast within the rohe of Mataatua. These islands are of unique cultural, historical significance to Ngāti Awa as they are recognised as important links to the spiritual homelands and the departing place of the spirits.

Te Paepae ki Aotea Marine Reserve which encircles the island, was established in 2006. The area is popular with divers, due to good visibility (35-40m), spectacular scenery and colourful marine life.

The threshold of the living to Aotearoa The departure place of the spirits to Hawaiki

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Te Paepae ki Aotearoa ki Hawaiki

33

Kaitiakitanga

Guardianship for future generations

TE PUIA Ō WHAKAARI Te Puia ō Whakaari has always been a well-known landmark in the Whakatāne area. Alongside Moutohorā the two islands form the northern end of a line of andesite volcanoes which continues in a south-westerly direction to Pūtauaki and Tarawera and the peaks of the central North Island. The island is almost continually active, it lies 51 kilometres north of Whakatāne and covers an area of 588 acres (238 hectares). White Island is the name that Captain Cook gave on his first visit to New Zealand. The island is privately owned; legally its status is that of a private reserve.

him. However, they did not dare to attack him, for it was forbidden to shed the blood of a tohunga. Because of this they thought of an alternative and they planned a mutton-birding expedition out to Te Puia ō Whakaari, and when all was ready, they asked Te Tahi O Te Rangi to accompany them. The tohunga agreed, they reached the island that afternoon and when evening came they lit their torches and went to work. Te Tahi O Te Rangi, struggling up the dark slopes with the others, did his share of work like the rest of them.

Waiho rātou mā tō rātou whakamā hei patu (Let their shame be their punishment)

But there was one thing these people didn’t know, one mistake they made.

Hidden around his waist Te Tahi O Te Rangi wore a magic girdle, made of three tapu strands of flax. He took this off now, held it up in the air, and began to chant a prayer of help to Tangaroa. After a time Tangaroa heard the tohunga, and sent Tūtarakauika the demon whale. Te Tahi ō te Rangi climbed on to the whale’s huge back and sped away across the surface of the sea. Soon they came to the people in the canoe. When the people saw him coming, they nearly died of fright; they covered their faces with their hands and thought that their last hour had come.

Some generations ago there lived near Whakatāne, in a village a few miles from the mouth of the river, a notorious tohunga named Te Tahi ō te Rangi (‘The First of the Heavens’).

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

His magic was famous throughout the island; and though he often used his powers to do good, it was chiefly for his black magic that he was known. It was true that they needed the tohunga to perform ceremonies when there were fishing expeditions, when the kumaras were planted and when the tribe made war on its neighbours. But in spite of this, his presence filled them with such fear that they plotted to kill

34

After this they lay down to sleep. Since Te Tahi ō Te Rangi was a tohunga, his bed was some distance away from the others, and he slept particularly soundly.

The next morning he slept in, and when he woke there was no-one in sight, he went down to the beach there was no-one there. Then he looked out to sea and saw in the distance his people in their canoe, all paddling furiously back to land. Since they could not shed his blood they had left him on the island to die; for there is only sulphur and steam on White Island, nothing grows and there is no water.

Te Tahi O Te Rangi did not harm them, but as the whale rushed past, he did a furious haka, stamping his feet, leaping into the air and yelling a war-song.

When the people heard this, they were still more frightened, and greatly regretted their mistake. When they beached their canoe and went back to the village, they were feeling very ashamed of what they had done. They came to the place where they had to walk beneath the great grey rock on which Te Tahi O Te Rangi was accustomed to sit; they looked up, and there was the tohunga, looking as though he had never moved, glaring down fiercely at them and not saying a word. One by one, not saying a word either, and, greatly ashamed, the people walked beneath him along the path.

When he was asked why he did not use his magic to destroy his faithless people, Te Tahi O Te Rangi replied, “Waiho rātou mā tō ratou whakamā hei patu”, ‘No, let their shame be their punishment’; and this saying has become proverbial among Ngāti Awa whenever the tribe’s mana is demeaned.

Tūturu whakamaua kia tīnā, tīnā, hui ē, hāumi ē, tāiki ē.

To learn more visit our online catalogue www.ngatiawa.iwi.nz

Guardianship for future generations

Kaitiakitanga

URETARA ISLAND Uretara Island is situated in the Ōhiwa Harbour, it is 73.3 hectares in area, and is densely covered in secondary and tertiary growth, mainly Kānuka forest, Pōhutukawa, Wattle and Mānuka.

In 1984 the island was classed as a Scenic Reserve as many different bird species inhabited the island as well as other animal species. Although the island has been modified by human activity the remains of pā sites, middens etc are still discernible. In 1986 the NZ Archaeological Association visited the island and identified at least two large pā sites. It is estimated that the larger pā site, Paripari, would have been capāble of supporting approximately 500 people.

In 1866 Uretara was confiscated by the Crown.

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

35

Ngāti Awatanga

Our language and culture

Ngāti Awa Te Tai Ngāti Awa Te Tai – the Ngāti Awa Settlement Story was launched on 9 November 2018 at Te Mānuka Tūtahi marae by the Rt Honorable Prime Minister Jacinda Ardern. Accompanying the Prime Minister was the Green Party Co-Leader Marama Davidson.

Ngāti Awa Te Tai was produced in partnership with Te Manatū Taonga and is a series of interviews presented in digital format. Ngāti Awa Te Tai can be viewed across multimedia platforms and has two key benefits for Ngāti Awa: a record of our stories for future generations, and an education resource as a means to break down barriers towards mutual understanding and our advancement. We want a future that embraces the past, a future that includes us and our aspirations, and a future of genuine negotiation with us as a Tiriti partner.

Ngāti Awa Te Tai is painful and affirming. As a raupatu iwi it is painful to recount who was lost, how they were lost and what was lost. It is painful to acknowledge the break in our whakapapa and the destruction of our way of life, our culture and identity. And affirming in that we survived, we have endured, and we have some ability to chart our own course.

The next steps we take today are as important as the decisions made by our tīpuna to resist and reject colonial government and militia. We want our children to know who they are, to have confidence to live as Ngāti Awa on their own terms following their aspirations. We want to live today as Ngāti Awa, in our rohe with our ancestral taonga - our lands, our waters, and our culture and traditions. Ngāti Awa Te Tai is one part of supporting this.

Our strength as an iwi is our people.

We know and understand that what is good for us is good for all of Aotearoa. This is why, we will continue to be on and cross the bridge taking responsibility for our own destiny.

Dr Hohepa Mason said, “We offer Ngāti Awa Te Tai to the people of Aotearoa as a means to communicate our history, our endurance and our future. We desire to live as Ngāti Awa on our lands, as kaitiaki and tangata whenua, with our language, identity and culture flourishing, and with strong and well whānau and hapū. This is who we are. This is our koha to Aotearoa.”

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

We understand and know that the past guides us and that we live in two worlds – te ao Pākehā and te ao Māori - everyday in Aotearoa. The burden for Māori and iwi has been heavier than for Pākehā, in reaching a place that

we respect and acknowledge the history of Aotearoa, and the tangata whenua. Māori and iwi cross the bridge regularly and find Pākehā and government to cross sometimes, or not at all, maybe take a detour around the bridge, or the bridge is moved, closed for repairs or removed.

36

View Ngāti Awa Te Tai: https://teara.govt.nz/en/te-tai

Our language and culture

Ngāti Awatanga

Cultural Identity & Connectivity/Leadership Taiohi & Rangatahi Leadership Programmes Te Runanga o Ngāti Awa ran a number of programmes in 2018 for rangatahi including a holiday leadership programme. The holiday programme focussed on providing leadership experiences for rangatahi who had an opportunity to plan, lead and implement digital creative story telling, compose a rap in Te Reo Māori on bullying and prodcued an interactive eBook that was launched on a website built by the rangatahi.

Our 2018 Rangatahi Leadership Programme participants were: RANGATAHI/TAIOHI 2018 LEADERSHIP AWARDS 1 2 3 4 5 6 7 8 9 10

Herataimai Eruera Taoitekura Eruera Te Kete Eruera Te Pora Hona Taiata Hona Ōhora Kawana Te Iwitoa Kruger-Taylor Te Paekitawhiti Ririnui-Boudette Ipo Umuhuri Aronia Whatuira

Te Pahipoto Te Pahipoto Te Pahipoto Ngā Maihi Ngā Maihi Ngāti Pukeko Warahoe Te Patuwai/Maumoana Ngāti Pukeko Ngā Maihi

Creative Reo Wānanga A Te Reo Māori promotion video produced by Uenuku Jefferies featuring different hapū members at various levels of te reo Māori competency was released to highlight our activities and explaining why learning te reo Māori is important to the participants. These wānanga are very popular as they provide a safe and comfortable domain for all participants to practise, develop and learn. They also give ngā uri an opportunity to express and develop their creative talents through three workshops which are run at each wānanga mahi toi, waihanga waiata and waihanga kōrero. Our kaiako have included Te Kei Merito, Moerangi Black, Pouroto Ngaropo, Dr Agnes McFarland, Erana Koopu, Reremoana Pitau and Beau Stowers.

Karakia Tawhito Wānanga Run for the first time by Te Runanga o Ngāti Awa, twenty-five people registered. The feedback was excellent. Participants learnt the origins, structure and different types of karakia tawhito.

Kuia Harvest Wānanga and Harvest These wānanga have a following, despite October being a very busy month for iwi in general. Up to 40 people attended. The wānanga are a pre-requisite to attending a harvest. Information on the history of Moutohorā, kōrero on how to identify their rua and harvest is provided. The processing of the kuia was carried out at Te Mānuka Tūtahi Marae by a small dedicated team who started early and did not finish until late evening. This team is keen to share their learnings with all hapū of Ngāti Awa and pass on that mantle.

Ngāti Awa and the Treaty of Waitangi/ Whakamaumahara o te Tīriti o Waitangi

Since the mid 1980’s Te Rūnanga o Ngāti Awa have commemorated the signing of the Treaty by Ngāti Awa on the 16 June each year.

Traditionally, the day begins with a 6.00am karakia at Pōhaturoa .

Whakapapa Wānanga Forty-nine people registered online for this wānanga but up to 60 attended. The feedback from the attendees has been very positive.

Karanga Wānanga TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

We had an incredible turn out for these wānanga. A draft booklet has been compiled with samples of the karanga that were composed by the participants.

37

Ngāti Awatanga

Our language and culture

Te Mānuka Tūtahi Marae and Mataatua Wharenui

Te Mānuka Tūtahi Marae - and Mataatua Wharenui - enjoyed an unprecedented and extraordinary revenue increase in 2018/19, while strengthening it’s status as a cultural icon of both Ngāti Awa and the Eastern Bay of Plenty.

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

38

around 300%, clearly illustrating the benefit of a structured and strategic marketing programme developed and delivered by local marketing firm Mauriora Marketing and PR Ltd. Future investment is being planned under Ngāti Awa Pōhiri Rau.

O P ER A T

A more strategic approach to Mataatua marketing activity implemented over the last three years continues to pay dividends, with operating sales doubling from $51,000 in 2018 to $112,000 in 2019.

The latest growth result boosts combined total growth since 2016 to

INCREA S 0%

Operating Sales Double In 2018/19

S AL E S G 30 IN 6 1 20

2017

2019 2018

E

Performance highlights for 2018/19 include:

Our language and culture Increased Profile In International Markets Driven By Succesful Media Pitching Activity and Enhanced Relationships with Tourism New Zealand The catalyst for this extraordinary growth has been increased profile and engagement with the travel trade, and Mataatua being selected to feature in a number of global promotional campaigns, including the National Geographic Travel and Tourism New Zealand partnership campaign. The campaign – said to be the largest Tourism New Zealand has ever executed – exposed Mataatua to a global audience of around 300 million. Mataatua also featured in 15 other unique media results, reaching a combined audience of over 20 million for an Estimated Advertising Value of around $2.5 million (exclusive of National Geographic campaign)

Ngāti Awatanga

Mataatua now regularly rates among top Māori cultural products in New Zealand Efforts to correctly communicate the unique attributes of the Mataatua brand and proposition has strengthened the reputation of Mataatua as one of the leading Māori cultural products in New Zealand. Consequently, Mataatua is regularly promoted by key stakeholders such as Tourism New Zealand, Tourism Bay of Plenty and New Zealand Māori Tourism as an exemplary model of an exceptional cultural tourism experience with compelling and unique points of difference. This has resulted in a number of aspiring and emerging Māori cultural tourism operators from around the motu being referred to and hosted on familiarisation tours of Mataatua to help inform their own development plans, emphasising the leadership position Ngāti Awa now holds in the iwi tourism space.

Cultural Development and Succession Through Tourism Activity Among the most pleasing aspects of Mataatua tourism activity is the incredibly unique opportunity for staff to develop and hone their cultural skills as part of their day-to-day role as Pou Arataki. By the very nature of their work, staff are able to regularly practice their karakia, wero, karanga, whaikōrero and waiata in live situations, in front of real manuhiri. This has resulted in all Pou Arataki swiftly gaining the confidence and competence to perform these vital cultural roles to the required standard, preparing and developing them to be the Ngāti Awa cultural leaders of the future.

Increased Travel Trade Awareness and Engagement

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Awareness of Mataatua amongst the international travel trade continues to grow on the back of sustained participation in TRENZ and Explore CNI trade shows and numerous industry famils reflective of increased efforts to grow relationships in this space. Mataatua was also sponsored by New Zealand Māori Tourism to attend the New Zealand China Travel Festival, with a view to developing opportunities in this lucrative market. A highlight of this activity was confirmation of a significant cruise sector incentive booking that will see 150 VIPs passengers visit Mataatua as the preferred shore visit destination.

This will be by far the largest and most lucrative single tour booking Mataatua has ever attracted.

39

NGĀTI AWA GROUP HOLDINGS LTD NGĀTI AWA ASSET HOLDINGS LTD

Chairman’s Report

The directors of Ngāti Awa Group Holdings Limited and Ngāti Awa Asset Holdings Limited (together jointly referred to in this report as the “Commercial Group” or “Group”) are pleased to be able to report to you on their activities and results for the financial year ended June 2019.

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Three pou have underpinned our work this year these being: the adoption of a “Letter of Expectation” with our shareholder, Te Runanga o Ngāti Awa (“TRONA”); a review and refresh of the Group’s Strategic Plan; and, the appointment of a new Chief Executive, Ms Tracey Hook (Te Āti Haunui-aPāpārangi and Ngā Wairiki) who takes up the role in November 2019.

40

The Letter of Expectation is a formal (but not constitutional) tool that provides an opportunity for our Shareholder (TRONA) to set out its expectations of the Group for the coming year. It also provides the opportunity for the Group to consider TRONA’s expectations as it develops its annual plan.

In the first quarter of the financial year and as signalled in last year’s report, your directors, senior management of both the Commercial Group and TRONA, and a number of Representatives participated in a review of the Group’s Strategic Plan. While some of the existing strategies were revalidated additional objectives were introduced to ensure strong alignment with the strategic direction of TRONA as outlined in Te Ara Poutama o Ngāti Awa. These included objectives relating to optimising business and employment opportunities for our Ngāti Awa people. We comment more on this later in

this report and also on the change in senior management.

While the outcome for the financial year ended 30 June 2019 is down on the exceptional results achieved last year, a solid performance has nonetheless been realised with an operating surplus of $2.1 million.

The total return on assets over the latest 5 year rolling period has fallen to 6.4% from a level of 6.7% for a similar period finishing June 2018.

The biggest contributor to this fall has been the dairy farming operations, in particular Tumurau Farm. Within the farming portfolio the significant operational deficit attributable to Tumurau has been partially offset by achieving an operational surplus on Ngakauroa Farm and a close to breakeven result

TE RŪNANGA O NGĀTI AWA

on the Ngāti Awa Farm. Given this asset class is the biggest component of the Group’s total portfolio your directors and management continue to work diligently to improve the returns from our farming operations and have already taken steps to reduce operational costs and improve efficiencies.

In respect of other asset classes, and setting aside fair value movements (revaluations), your directors can report income returns (cash) from the financial assets portfolio, forest leases, fisheries and investment properties were either on par or slightly below last year’s performance. Given the prevailing macro-economic conditions your directors believe this to be a satisfactory outcome.

Across the total investment portfolio the most significant positive cash contributor has been horticulture which provided an increased income return of 7%. This is an outstanding result and we can report that an even greater contribution is anticipated for the current financial year.

In line with our commitment to Te Ara Poutama Ngāti Awa to provide employment opportunities for our people, we are pleased to report that at year’s end 25% of the staff

We place a high priority on ensuring all our employees, contractors and visitors return home safely every day. This priority saw our Whakaari White Island Tours and wider management team receive the “Safe365 2018 Safest Place to Work Award” for Small Business (50 staff and below). Our management team and staff continue to be rewarded for their diligence with the Ngāti Awa Farm, Ngakauroa Farm and Whakaari White Island Tours (for a second time) all being nominated as finalists for this year’s Awards.

In a further commitment to Te Ara Poutama Ngāti Awa we have worked alongside TRONA and the Whakatāne District Council in progressing the wider “Whakatāne Regeneration Programme”. A key component of this work programme is the development of the Tourism Hub which is centred on the refurbishment of the Army Hall. While this is an exciting opportunity it is dependent on receiving support from the Provincial Growth Fund. At the time of writing we are awaiting the outcome of our funding application.

In our 2016/17 report we advised the creation of the Associated Director “cadetship” programme to enable our rangatahi to gain exposure to, and experience in, governance. It is pleasing to be able to report our two “inaugural” Associates Natalie Coates (Te Pahipoto) and Hone Paul (Ngāti Pukeko) have not only developed into outstanding future leaders but also made significant contributions to the board’s deliberations. As their terms conclude this year the board has agreed to continue what it considers a very worthwhile project and will be in a position to announce the new Associates at the AGM. Director Peter Drummond’s term of appointment terminates at the AGM and the board records its warm appreciation for the outstanding contribution he has made during his time with us. Peter joined the Board following a substantive board refresh in 2014. As an independent and very experienced director Peter, has been able to bring not only a wealth of business acumen to our deliberations but has also been a voice of reason and maturity. The board takes this opportunity to record its sincere thanks for the outstanding contribution he has made.

During the reporting year our Chief Executive Officer, Geoff Hamilton, resigned.

Geoff joined us following the 2014 refresh. The Board takes this opportunity to acknowledge his leadership in resolving a number of outstanding and challenging financial issues confronting the organisation at the time of his appointment and wishes him well for his future.

With Geoff’s departure an extra burden has been placed on our Chief Financial Officer and the rest of the management team to ensure the business of the Group continued unabated. The Board takes this opportunity to record its genuine indebtedness to Peter Thomas and the team for their achievements in ensuring all workstreams continued without interruption.

On behalf of the Board I take this opportunity to thank Ngāti Awa for the support they have provided in entrusting the directors with the guardianship of its commercial assets. You can be assured it is a responsibility we take seriously.

B Paul Quinn CHAIRMAN

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

There has been substantial improvement in the performance of the Whakaari White Island Tours business during the reporting period such that, on a financial basis, we achieved a small profit on this investment. In April we took delivery of our new vessel, Te Puia Whakaari, and it is pleasing to be able to report that it has been performing up to expectations. This includes the ability to sail more days in a month because of its weather tolerance capability being greater than the existing fleet. As the remaining fleet reaches the end of its useful life we propose standardising the fleet on the Te Puia Whakaari model. This will drive a number of efficiencies within the business not the least being one stock of spare parts.

employed within the Whakaari White Island Tours business are Ngāti Awa. This represents a significant improvement having come from a base of 5% at the time of purchase. A continuing focus will be placed on offering such employment opportunities across all our activities.

41

NGĀTI AWA GROUP HOLDINGS LTD

Board of Directors

PAUL QUINN Chairperson

KIRIWAITINGI REI

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Director

42

DEBBIE BIRCH

PETER DRUMMOND

DR JIM MATHER

HONE PAUL

NATALIE COATES

DR HOHEPA MASON

Director

Associate Director

Director

Associate Director

Director

Ex Officio

HETA HUDSON Director

WAAKA VERCOE

Kaumatua Advisor

Te Puia Whakaari After 12 months of design and construction, White Island Tours took delivery of the new purpose built catamaran Te Puia Whakaari in April.

The boat’s artistic design features the work of two prominent Māori artists, Lawrence Hohua and Takutaimoana Harawira, who were commissioned to develop a design concept for the new vessel that incorporated traditional Ngāti Awa korero and artistic principles.

The hull features two manu (birds), designed by Hohua to acknowledge Takeretou and Mumuhou; the avian guardians who guided Mataatua to Whakatāne. Whilst on the rear upper deck, Harawira’s design pays homage to the tohunga, Te Tahi o Te Rangi.

• Carries up to 49 passengers • 19 metres in length, 7.1 metres beam • Designed by Teknicraft in Auckland • Built by Q-West boat builders in Whanganui • Twin Scania D16 950hp Diesel Engines • Twin HJ403 Hamilton Jets • Adjustable hydrofoil • Naiad Ride control stabilisation system • Draft 0.9m (at rest), 0.1m (cruising) • Build time: 12 months - including designs

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Te Puia Whakaari incorporates the latest in maritime technology and ensures the enhancement of the experience delivered to our manuhiri. The vessel reduces the travel time to Whakaari and incorporates ride stabilisation technology to reduce the incidence of motion sickness. Te Puia Whakaari will reduce the number of tour cancellations due to rough sea conditions and improves health and safety outcomes for staff and passengers through improved loading and unloading methods while at Whakaari.

Technical Specifications of Te Puia Whakaari

43

TE RŪNANGA O NGĀTI AWA

Financial Statements For the year ended 30 June 2019

Contents FINANCIAL STATEMENTS Directory of Officers

.........................................................................................................................................................................................................

46

Statement of Comprehensive Revenue and Expense

47

Statement of Change of Equity

.................................................................................................................................................................

48

Statement of Financial Position

.................................................................................................................................................................

49

Cash Flow Statement

......................................................................................................................................................................................................

50

..................................................................................

Notes to the Financial Statements

........................................................................................................................................................

51

Auditors Report

............................................................................................................................................................................................................................

77

...........................................................................................................................................................................

79

...................................................................................................................................................................................................

81

Remuneration and Payments Ngāti Awa Hapū Register

Board and Committee Meetings

81

Directory of Staff

82

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

..........................................................................................................................................................................

44

..................................................................................................................................................................................................................................

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

45

TE RŪNANGA O NGĀTI AWA

Directory of Officers For the year ended 30 June 2019 Te Rūnanga o Ngāti Awa

Representatives M Araroa P Koopu BP Quinn (ceased 16/5/19) TA Barrett J Mason (Chair) S Ratahi TR Chapman-de Vos TK Merito E Ratahi-Pryor V Copeland A Morrison R Shortland M Dodd P Ngaropo M Sisley M Glen R O'Brien A Tangitu M Hepi T O'Brien B Tunui B Kingi K Mokomoko (appointed 29/6/2019) V Murray (appointed 17/5/19)

The Ngāti Awa Community Development Trust Trustees A Green (Chair) P Koopu T O'Brien

Ngāti Awa Research & Archives Trust Trustees TR Chapman (Chair) A Jaram J Mason P Ngaropo S Tutua

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Ngāti Awa Group Holdings Limited

46

Directors D Birch PS Drummond HW Hudson J Mather R O'Brien (ceased 7/12/18) BP Quinn K Rei

Ngāti Awa Asset Holdings Limited Directors D Birch PS Drummond HW Hudson J Mather R O'Brien (ceased 7/12/18) BP Quinn K Rei

Ngāti Awa Farms Limited

Directors AE De Farias BP Quinn BDP Tatere (ceased 31/10/18)

Ngāti Awa Forests Limited Directors H Hudson R O'Brien (ceased 7/12/18) BP Quinn

Ngāti Awa Properties Limited Directors H Hudson R O'Brien (ceased 7/12/18) BP Quinn

Ngāti Awa Fisheries Limited Directors H Hudson R O'Brien (ceased 7/12/18) BP Quinn

White Island Tours Limited Directors D Birch P Drummond BP Quinn AE De Farias G Hamilton (ceased 17/4/19)

Ngāti Awa Farms (Rangitaiki) Joint Venture

Joint Venture Partners Ngāti Awa Farms Limited Ihukatia Trust Moerangi Kereua Ratahi Lands Trust Omataroa Rangitaiki No.2 Trust Rangitaiki 31P 3F Trust (also known as Kiwinui Trust) Directors AE De Farias BDP Tatere (ceased 30/10/2018) BP Quinn (appointed 30/10/18)

Manu Hou Limited Partnership Limited Partners Ngāti Awa Asset Holdings Limited Putauaki Trust Omataroa Rangitaiki No.2 Trust

Manu Hou GP Limited Directors D Birch C Elliott H Hudson BP Quinn

Tumurau Limited Partnership

Limited Partners Ngāti Awa Farms Limited Rangitaiki 31P 3F Trust (also known as Kiwinui Trust) Rotoehu Forest Trust Moerangi Kereua Ratahi Lands Trust

Tumurau GP Limited

Directors AE De Farias BDP Tatere (ceased 30/10/18) BP Quinn (appointed 7/12/18)

TE RŪNANGA O NGĀTI AWA

Statement of Comprehensive Revenue and Expense

For the year ended 30 June 2019

Note

Revenue Less: Cost of goods sold Gross surplus

6

Less expenses Write back of (impairment charge)/impairment Fair value gain Share of profit from equity accounted investee Surplus/(deficit) before financing and tax for the year

8 9 10 21

Net financing (expense) / income Surplus/(deficit) before tax for the year

7

Less tax (expense) / benefit Surplus/(deficit) for the year

11

Other comprehensive revenue and expense Change in fair value of other financial assets designated as available-for-sale Effective portion of changes in fair value of cash flow hedges Gains/(Loss) on revaluation of carbon credits Total other comprehensive revenue and expense

12 12 12

Total comprehensive revenue and expense for the year Surplus/(deficit) attributable to: Equity holders of Te Rūnanga o Ngāti Awa Non-controlling interest Total comprehensive revenue and expense attributable to: Equity holders of Te Rūnanga o Ngāti Awa Non-controlling interest

12 12

12 12

GROUP 2019 2018 $000’s $000’s

PARENT 2019 2018 $000’s $000’s

13,102 (3,505)

13,020 (2,922)

1,753 -

1,901 -

9,597

10,098

1,753

1,901

(11,247) (198) 1,678 976

(11,322) 436 8,869 700

(2,910) -

(2,663) -

806

8,781

(1,157)

(762)

(758)

(830)

500

500

48

7,951

(657)

(262)

2

(72)

-

-

50

7,879

(657)

(262)

(916) 59 939

(317) 7 1,478

-

-

82

1,168

-

-

132

9,047

(657)

(262)

3 47

7,777 102

(657) -

(262) -

50

7,879

(657)

(262)

397 (265)

9,065 (18)

(657) -

(262) -

132

9,047

(657)

(262)

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

The accompanying accounting policies and notes form part of the Financial Statements.

The accompanying accounting policies and notes form part of the Financial Statements.

47

TE RŪNANGA O NGĀTI AWA

Statement of Changes in Equity For the year ended 30 June 2019

Asset Revaluation Reserves

GROUP 30 June 2019 Balance at the beginning of the year Surplus/(deficit) for the year Revaluation gains/(losses) - Carbon credits - Fonterra Co-operative Group Limited Shares Effective portion of changes in fair value of cash flow hedges Transfer of Non-Controlling interest Distribution during the year Balance at the end of the year

Note

$000’s

Cash Flow Accumulated NonRevenue and Controlling Total Equity Hedge Expense Reserve Interest $000’s

$000’s

$000’s

$000’s

13,994 -

(36) -

103,505 3

6,436 47

123,899 50

26 13

939 (583)

-

-

(333)

939 (916)

13

-

38

-

21

59

32

7 -

(2) -

(19) -

(536) (285)

(550) (285)

12

14,357

-

103,489

5,350

123,196

12,710 -

(40) -

95,728 7,777

6,815 102

115,213 7,879

26 13

1,478 (194)

-

-

(123)

1,478 (317)

13

-

4

-

3

7

-

-

-

(361)

(361)

13,994

(36)

103,505

6,436

123,899

8,044 -

-

73,740 (657)

-

81,784 (657)

8,044

-

73,083

-

81,127

8,044 -

-

74,002 (262)

-

82,046 (262)

8,044

-

73,740

-

81,784

30 June 2018 Balance at the beginning of the year Surplus/(deficit) for the year Revaluation (losses) / gains - Carbon credits - Fonterra Co-operative Group Limited Shares Effective portion of changes in fair value of cash flow hedges Distribution during the year Balance at the end of the year

12

PARENT 30 June 2019 Balance at the beginning of the year Surplus/(deficit) for the year Balance at the end of the year

12

30 June 2018

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Balance at the beginning of the year Surplus/(deficit) for the year Balance at the end of the year

48

12

The accompanying accounting policies and notes form part of the Financial Statements.

The accompanying accounting policies and notes form part of the Financial Statements.

TE RŪNANGA O NGĀTI AWA

Statement of Financial Position

For the year ended 30 June 2019

GROUP

Equity Reserves Accumulated revenue and expense Non-controlling interest Total Equity Current assets Cash and cash equivalents Short term deposits Trade and other receivables Livestock on hand Investments Other assets Assets held for sale Assets held for distribution Non-current assets Investments Investment in equity accounted investee Investment properties Biological assets Forestry land assets Property, plant & equipment Intangible assets Owing by subsidiaries

2018

2019

2018

$000’s

$000’s

$000’s

$000’s

13 12 12

14,357 103,489 5,350

13,958 103,505 6,436

8,044 73,083 -

8,044 73,740 -

123,196

123,899

81,127

81,784

536 1,881 3,614 160 113 550 1,395

856 1,101 1,744 3,573 389 890 1,274

30 202 30 1,395

33 150 27 1,274

8,249

9,827

1,657

1,484

21,651 13,926 10,265 2,028 23,209 52,421 18,082 -

23,977 12,950 10,265 2,028 23,209 50,109 18,392 -

51,906 21,895 8,859

51,906 22,162 8,927

141,582

140,930

82,660

82,995

149,831

150,757

84,317

84,479

758 1,488 1,552 1,395 8,197

1,823 1,434 1,274 6,929

525 16 1,254 1,395 -

524 12 885 1,274 -

13,390

11,460

3,190

2,695

3,842 9,403

3,995 11,403

-

-

13,245

15,398

-

-

26,635

26,858

3,190

2,695

123,196

123,899

81,127

81,784

14 15 16 17

29

17 21 22 23 24 25 26 33

Non-current liabilities Income received in advance Term loans Total liabilities Net assets attributable to equity holders

14 27 28 33 29 30

28 30

Dr Hohepa Mason

L Simpson

Chairman | 25 October 2019

Chief Executive Office | 25 October 2019

The accompanying accounting policies and notes form part of the Financial Statements.

The accompanying accounting policies and notes form part of the Financial Statements.

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

2019 Note

Total assets Current liabilities Bank Overdraft Trade and other payables Income received in advance Owing to subsidiaries Ngāti Hikakino and Ngāi Te Rangihouhiri II Hapū Term loans (current portion)

PARENT

49

TE RŪNANGA O NGĀTI AWA

Cash Flow Statement For the year ended 30 June 2018

GROUP Note

Cash flows from operating activities Cash provided from: Cash receipts from customers Grant and funding income Dividend income received Interest income received Cash applied to: Payments to suppliers and employees Grants paid Interest expense paid Income tax paid Net cash (used in)/generated from operating activities Net cash from investing activities Cash provided from: Realisation of term deposits Proceeds from the sale of intangible assets Proceeds from the sale of investments Cash applied to: Purchase of livestock Purchase of non-controlling interest Purchase of investments Purchase of property, plant and equipment Net cash (used in)/generated from investing activities

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Cash flows from financing activities Cash provided from: Receipts of derivative activities Draw down of term loans Loans from subsidiaries

50

Cash applied to: Distributions paid to non-controlling interest Funding of derivative activities Loans advanced to subsidiaries Repayment of term loans Net cash generated from/(used in) financing activities Net (decrease)/increase in cash balances Cash balances at the beginning of the year Cash balances at the end of the year The accompanying accounting policies and notes form part of the Financial Statements.

The accompanying accounting policies and notes form part of the Financial Statements.

14

PARENT

2019 $000’s

2018 $000’s

2019 $000’s

2018 $000’s

12,244 55 686 43

11,568 303 1,090 178

365 39 1,300 500

216 223 1,500 500

13,028

13,139

2,204

2,439

11,782 314 800 24

11,395 206 867 45

2,311 314 -

1,993 206 -

12,920

12,513

2,625

2,199

108

626

(421)

240

1,101 1,138 2,654

399 10,174

-

-

4,893

10,573

-

-

401 550 4,168

350 15,656 1,573

19

134

5,119

17,578

19

134

(226)

(7,005)

(19)

(134)

57 -

400 -

437

-

57

400

437

-

285 732

361 133 654

-

88 -

1,017

1,148

-

88

(960)

(748)

437

(88)

(1,078) 856

(7,127) 7,983

(3) 33

18 15

(222)

856

30

33

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements

For the year ended 30 June 2019

1 General Information

Te Rūnanga o Ngāti Awa ("the Rūnanga") and its subsidiaries (together "the Group") manage the cultural, social, political and economic base of the Ngāti Awa iwi. The Rūnanga was incorporated under the Te Rūnanga o Ngāti Awa Act 1988, which was subject to the Maori Trust Board Act 1955.

Under Section 5 of Te Rūnanga o Ngāti Awa Act 2005, the Rūnanga ceased to be a Maori Trust Board from 25 March 2005, but continues as the same body as established by the Te Rūnanga o Ngāti Awa Act 1988.

The Rūnanga is domiciled in New Zealand. The address of the registered office is 10 Louvain Street, Whakatāne.

The financial statements of the Rūnanga and the Group are for the year ended 30 June 2019. The financial statements were authorised for issue by the Chairman and Chief Executive Officer on behalf of the Board of Representatives on 25 October 2019.

2 Summary of Significant Accounting Policies

The principal accounting policies applied in the preparation of these consolidated financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. a) Basis of Preparation The Rūnanga is a registered charity under the Charities Act 2005 and its financial statements have been prepared in accordance with that Act, the Financial Reporting Act 2013 and as required by the Charter of Te Rūnanga o Ngāti Awa. The Rūnanga is a public benefit entity (“PBE”) for the purposes of financial reporting. A PBE is an entity whose primary objective is to provide goods or services for community or social benefit and where any equity has been provided with a view of supporting that primary objective rather than for a financial return to equity holders.

The financial statements have been prepared in accordance with New Zealand Generally Accepted Accounting Practice (“NZ GAAP”). The financial statements comply with the PBE Standards Reduced Disclosure Regime (“PBE Standards RDR”) as appropriate for Tier 2 not-for-profit public benefit entities, for which reduced disclosure regime concessions have been applied. The Rūnanga qualifies for Tier 2 as it has total expenses less than $30 million and does not have public accountability.

The Group consists of the Rūnanga and its subsidiaries, associates and joint ventures as listed in Note 31.

Basis of Preparing Consolidated Financial Statements

Subsidiaries Subsidiaries are those entities controlled, directly or indirectly, by the Rūnanga, that is, the Rūnanga has the power to govern the financial and operating policies of

The financial statements of subsidiaries are included in the consolidated financial statements using the acquisition method. The consideration for the acquisition of a subsidiary is the fair values of the assets transferred, the liabilities incurred and the equity interest issued by the Rūnanga.

The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration arrangement. Acquisition related costs are expensed as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition-by-acquisition basis, the Rūnanga recognises any non-controlling interest in the acquiree either at fair value or at the non-controlling interest's proportionate share of the acquiree's net assets.

The surplus or deficit and each component of other comprehensive revenue and expense of subsidiaries are attributed to equity holders of the Rūnanga and to the noncontrolling interests. Losses which result in non-controlling interests having a deficit balance are only attributed to noncontrolling interests if the non-controlling interests have a binding obligation and are able to make an additional investment to cover the losses.

Joint Venture Receivables

The joint ventures are established by a contractual agreement. The Rūnanga's share of the net surplus of the joint ventures is recognised in the statement of comprehensive revenue and expense. The investment held on the statement of financial position reflects the Rūnanga's share of net assets of the joint venture.

Transactions Eliminated on Consolidation

The effects of intra-group transactions are eliminated in preparing the consolidated financial statements. b) Revenue Exchange transactions are transactions which one entity receives assets or services, or has liabilities extinguished, and directly gives approximately equal value in exchange.

The Rūnanga enters into a number of exchange and nonexchange transactions, and the specific accounting policies are set out below: Rental Income

Rental income is recognised in surplus or deficit on a straight line basis over the term of the lease.

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

The presentation and functional currency of the Group and the Rūnanga is New Zealand Dollars (NZD). The measurement base applied is historical cost, as modified by the revaluation of certain assets and liabilities as identified in these accounting policies.

the entity so as to obtain benefits from their activities. The Rūnanga's consolidated subsidiary companies generally have an accompanying shareholding of more than one half of the voting rights. The Rūnanga's consolidated subsidiary trusts are where the Rūnanga appoints all the trustees of the trust and their activities are conducted on behalf of the Rūnanga. The results and financial position of subsidiaries are included in the consolidated statement of comprehensive revenue and expense and statement of financial position from the date control is gained up to the date control ceases.

51

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements For the year ended 30 June 2019

2 Summary of Significant Accounting Policies (cont)

c) Expenses

Grants and funding income (from the Government or other parties) are non-exchange transactions and are recognised in surplus or deficit when the Rūnanga becomes entitled to receive (or has received) the funds. The grants are recognised as revenue in surplus or deficit, except where conditions which require the grant to be used as specified or returned remain unfulfilled at balance date, in which case the related amount is recognised as a liability. In addition, a liability is recognised in respect of other return clauses (if any) where it is probable that payment will be required.

Operating lease payments where the lessor effectively retains substantially all the risks and rewards of ownership of the leased items are included in equal instalments over the term of the lease and expensed to surplus or deficit.

Lease incentives received are recognised over the term of the lease as an integral part of the total lease payments.

Grant and Funding Income

Farming Operations Income

Farming operations income includes dairy income and livestock sales. Income is recognised in surplus or deficit when the revenue associated with the transactions can be measured reliably. Revenues from the sale of goods are recognised when the significant risks and rewards of ownership have been transferred, the Group retains neither involvement nor control over the goods sold, it is probable that economic benefits will flow to the Group and the costs incurred in respect of the transaction can be measured reliably.

Dividend Income

Dividend income is recognised in surplus or deficit on the date the Group's right to receive payment is established.

Other Income

Other income is recognised in surplus or deficit when the revenue associated with the transactions can be measured reliably for the rendering of goods and services. Revenue from the sale of goods are recognised when the significant risks and rewards of ownership have been transferred, the Group retains neither involvement nor control over the goods sold, it is probable that economic benefits will flow to the Group and the costs incurred in respect of the transaction can be measured reliably. Revenue for services provided under exchange transactions are recognised on a percentage of completion basis, as the services are provided.

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Net Financing (Expense)/Income

52

Net financing income represents financing income less financing expenses. Financing income comprises interest income received on funds invested that are recognised in surplus or deficit. Financing expenses comprise interest paid on borrowings.

Interest income is recognised in surplus or deficit as the income accrues on an effective interest basis. Any fees and directly related transaction costs that are an integral part of earning interest income are recognised over the expected life of the investment, that is, these costs are recognised evenly in proportion to the investment amount outstanding over the period to maturity.

Operating Leases

Grants and sponsorships

Grants and sponsorship costs are recognised as an expense in surplus or deficit (and as a liability) when the Rūnanga has a constructive or actual obligation to make the payment.

This is usually when the Rūnanga has entered into an agreement with, or otherwise notified the recipient of the agreed amount. The Rūnanga considers at each balance date whether it is probable that the recipient will be required to repay the grant or sponsorship under the terms and conditions of the agreement, in which case a receivable would be recognised and the grant expense reversed where this is recoverable. d) Taxation Income Tax

Income tax on surplus for the period relates to current tax.

It is recognised in surplus or deficit as tax expense, except when it relates to items directly credited to equity, in which case it is recorded in equity, or where it arises from the initial accounting for a business combination, in which case it is included in the determination of goodwill.

Current tax is the expected tax payable on taxable income for the period, based on tax rates (and tax laws) which are enacted or substantively enacted by the reporting date and including any adjustments for tax payable in previous periods. Current tax for current and prior periods is recognised as a liability (or asset) to the extent that it is unpaid (or refundable).

Current tax assets and liabilities are offset only to the extent that they relate to income taxes imposed by the same taxation authority and there is a legal right and intention to settle on a net basis and it is allowed under tax law.

Deferred tax assets and liabilities are recognised where the carrying amount of an asset or liability in the consolidated statement of financial position differs from its tax base, except for differences arising on: - The initial recognition of goodwill - The initial recognition of an asset or liability in a transaction which is not a business combination and at the time of the transaction affects neither accounting nor taxable profit, and - Investments in subsidiaries and jointly controlled entities where the Rūnanga is able to control the timing of the reversal of the difference and it is probable that the difference will not reverse in the foreseeable future.

Recognition of deferred tax assets is restricted to those instances where it is probable that taxable profit will be available against which the difference can be utilised.

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements

For the year ended 30 June 2019

2 Summary of Significant Accounting Policies (cont)

l) Intangible assets

The Group has Māori Authority status. Entities in the Group are tax exempt except for Ngāti Awa Asset Holdings Limited which has a tax liability of 17.5%. Taxes paid by Ngāti Awa Asset Holdings Limited generate Māori Authority Credits, which are tax credits available to pass onto its shareholder.

Te Rūnanga o Ngāti Awa recognises a tax receivable from the IRD for the Māori Authority Credits received from Ngāti Awa Asset Holdings Limited in the period in which the credits have been distributed.

Intangible assets include carbon credits acquired by way of a Government grant and are recognised at fair value. Increases in the carrying amount arising on revaluation are credited to other comprehensive revenue and expense except to the extent they reverse a previous decrease recognised in surplus or deficit. Decreases in the carrying amount arising on revaluation are recognised in other comprehensive revenue and expense to the extent they reverse a previous increase, any further decrease will be recognised in surplus or deficit.

Māori Authority Tax Credits

e) Cash and Cash Equivalents Cash and cash equivalents includes deposits held at call with banks and other short term highly liquid investments with an original maturity of less than 3 months. f) Trade and Other Receivables Trade and other receivables are recognised initially at fair value and subsequently measured at amortised cost on an effective interest basis, less provision for doubtful debts.

Bad debts are written off during the year in which they are identified.

The Group applies the simplified approach for trade and other receivables, which requires the lifetime expected credit losses to be applied when measuring the loss allowance. g) Livestock Livestock is carried at fair value where fair value is based on the market price of livestock of similar age and gender.

Gains and losses on changes in fair value are recognised in surplus or deficit. Livestock consists of sheep and cattle. h) Investments Investments are carried at fair value unless they are not quoted in an active market and their fair value cannot be reliably measured. The fair value of such investments is reliably measurable where the variability in the range for a reasonable fair value estimate is not significant or probabilities of the various estimates within the range of fair values can be reasonably assessed and used in estimating fair value. Investments in subsidiaries are carried at cost. i) Investment Properties Investment properties are stated at fair value. Any movement on revaluation is recognised in surplus or deficit.

Management test fair value annually with an independent assessment not more than five yearly intervals.

Farm Woodlot

The Farm Woodlot asset represents standing trees at fair value less estimated point of sale costs. The farm woodlot asset is a consumable biological asset. Any movement in valuation is recognised in surplus or deficit. k) Forestry Land Assets Forestry land assets represent the land assets owned with long term licences to forestry companies. Forestry land assets are stated at fair value. Any movement in fair value is recognised in surplus or deficit.

Fish quota

Fish quota shares received by way of settlement are recognised at their fair value at the date of settlement and subsequently carried at cost less impairment. Fish quota is issued into perpetuity and therefore has an indefinite life.

Given this, fish quota is not amortised, although it is tested annually for impairment.

Goodwill

Goodwill that arises on the acquisition of subsidiaries and other business combinations is presented within intangible assets.

Subsequent measurement

Goodwill is measured at cost less accumulated impairment losses. Goodwill is tested annually for impairment.

Whakaari/White Island Landing License

The exclusive Whakaari/White Island landing license has a finite useful life and is initially recognised at fair value.

Subsequently it is measured at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is recognised in the surplus or deficit on a straight-line basis over the estimated useful lives of intangible assets, other than goodwill, from the date that they are available for use. The estimated useful lives for the current and comparative periods are as follows: • Whakaari/White Island Landing License 18 years m) Property, Plant & Equipment All owned items of property, plant and equipment are recorded at cost less accumulated depreciation and impairment losses with the exception of the Ngāti Awa Farm which is recorded at deemed cost. Subsequent costs are included in the asset's carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits or service potential associated with the item will flow to the Group and the cost of the item can be measured reliably.

Cultural Assets

The cultural assets category includes carvings and flax tukutuku, these assets have been recorded at deemed cost.

Te Mānuka Tūtahi Marae is carried at an assigned value on receipt from the Crown plus capital improvements.

As cultural assets tend to have an indefinite life and are generally not of a depreciable nature, depreciation is not applicable.

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

j) Biological Assets

Carbon credits

53

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements For the year ended 30 June 2019

2 Summary of Significant Accounting Policies (cont)

n) Depreciation Depreciation is recognised in the statement of comprehensive revenue and expense on a straight-line basis over the estimated useful lives of each part of an item of property, plant and equipment. Depreciation is used to allocate the cost (deemed cost), less any residual value, over an asset's useful life. Land and Cultural Assets are not depreciated.

The estimated useful lives for the current and comparative periods are as follows: Buildings...................................... 40 years Motor vehicles & Vessels............ 3 - 15 years Office furniture & equipment.... 3 - 10 years Farm equipment......................... 3 - 20 years Cultural assets............................. n/a Depreciation methods, useful lives and residual values are reassessed at every reporting date. o) Financial Assets

Financial instruments

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

A financial instrument is recognised if the Group becomes a party to the contractual provisions of the instrument.

Financial assets are derecognised if the Group's contractual rights to the cash flows from the financial assets expire or if the Group transfers the financial asset to another party without retaining control or substantially all risk and rewards of the asset. Regular way purchases and sales of financial assets are accounted for at trade date, i.e., the date that the Group commits itself to purchase or sell the asset. Financial liabilities are derecognised if the Group's obligations specified in the contract expire or are discharged or cancelled.

54

Category (1) - Financial assets at amortised cost

Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortised cost.

Interest income from these financial assets is included in finance income using the effective interest rate method. Any gain or loss arising on derecognition is recognised directly in profit or loss and presented in other gains/(losses) together with foreign exchange gains and losses. Impairment losses are presented as a separate line item in the statement of profit or loss.

Category (2) - Financial assets at fair value through other comprehensive income (FVOCI)

Assets that are held for collection of contractual cash flows and for selling the financial assets, where the assets’ cash flows represent solely payments of principal and interest, are measured at FVOCI. Movements in the carrying amount are taken through OCI, except for the recognition of impairment gains or losses, interest income and foreign exchange gains and losses which are recognised in profit or loss. When the financial asset is derecognised, the cumulative gain or loss previously recognised in OCI is reclassified from equity to profit or loss and recognised in other gains/(losses).

Interest income from these financial assets is included in finance income using the effective interest rate method.

Foreign exchange gains and losses are presented in other gains/(losses) and impairment expenses are presented as a separate line item in the statement of profit or loss.

Category (3) - Financial assets at fair value through Profit or Loss (FVPL)

Assets that do not meet the criteria for amortised cost or FVOCI are measured at FVPL. A gain or loss on a debt investment that is subsequently measured at FVPL is recognised in profit or loss and presented net within other gains/(losses) in the period in which it arises.

Financial instruments comprise trade and other receivables, cash and cash equivalents, loans and borrowings, and trade and other payables.

Financial Liabilities

Financial instruments are recognised initially at fair value plus transaction costs unless they are carried at fair value through profit or loss in which case the transaction costs are recognised in the profit or loss.

The Group classifies its financial liabilities as financial liabilities at amortised cost. The classification of financial liabilities is determined on initial recognition.

The fair value of financial instruments traded in active markets (such as publicly traded derivatives, and trading and available-for-sale securities) is based on quoted market prices at balance date. The quoted market price used for financial assets held by the Group is the current bid price; the appropriate quoted market price for financial liabilities is the current ask price.

The subsequent measurement of financial assets depends on their classification. The Group classifies financial assets into categories depending on their contractual cash flow characteristics and the Group’s business model for managing financial assets. The categories of financial assets are:

The Group’s financial liabilities include trade and other payables, loans and borrowings.

All financial liabilities are recognised initially at fair value, and in the case of loans and borrowings, include directly attributable transaction costs. All financial liabilities of the Group are subsequently measured at amortised cost.

Interest expense and foreign exchange gains and losses are recognised in profit or loss. Any gain or loss on derecognition is also recognised in profit loss.

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements

For the year ended 30 June 2019

2 Summary of Significant Accounting Policies (cont) Impairment of receivables

The group assesses, on a forward-looking basis, the expected credit losses associated with its financial assets carried at amortised cost and FVOCI. The impairment methodology applied depends on whether there has been a significant increase in credit risk.

For trade receivables, the company applies the simplified approach permitted by PBE IPSA 41, which requires expected lifetime losses to be recognised from initial recognition of the receivables.

The recoverable amount of the Group’s investments in receivables carried at amortised cost is calculated as the present value of estimated future cash flows. Impairment losses on an individual basis are determined by an evaluation of the exposures on an instrument by instrument basis. All individual instruments that are considered significant are subject to this approach. p) Measurement of Non-financial Assets The carrying amounts of the Group's non-financial assets are reviewed at each balance date to determine whether there is any indication of impairment. If any such indication exists, the recoverable amount or recoverable service amount (“recoverable amount”) of the asset is estimated. If the estimated recoverable amount of an asset is less than its carrying amount, the asset is written down to its estimated recoverable amount and an impairment loss is recognised in the statement of comprehensive revenue and expense in surplus or deficit. The estimated recoverable amount of assets is the greater of their fair value less costs to sell and value in use.

For cash generating assets the estimated recoverable amount is determined by estimating future cash flows from the use and ultimate disposal of the asset and discounting these to their present value using a pre-tax discount rate that reflects current market rates and the risks specific to the asset. For an asset that does not generate largely independent cash flows, the recoverable amount is determined for the cash generating unit to which the asset belongs.

An impairment loss on non-financial assets which are carried at fair value is applied to the other comprehensive revenue and expense but only to the extent that prior year gains are available to offset the impairment loss. All other impairment losses are recognised in surplus or deficit.

r) Term Loans Term loans are recognised initially at fair value, net of transaction costs incurred. Term loans are subsequently stated at amortised cost. If the Group does not have an unconditional right to defer payment of a liability for at least twelve months after balance date, then the term loan will be classified as a current liability. s) Employee Benefits

Salaries, Wages and Annual Leave

Liabilities for wages and salaries, including non-monetary benefits annual leave and expected to be settled within twelve months of reporting date, are recognised in other payables in respect of employees' services up to the reporting date and are measured at the amounts expected to be paid when the liabilities are settled. Liabilities for nonaccumulating sick leave recognised when the leave is taken and measured at the rates paid or payable.

Long Service Leave

Long service leave benefits are accrued in other payables using the present value of net future cash flows. t) Goods and Services Tax These financial statements have been prepared on a basis exclusive of GST with the exception of trade receivables and trade payables that have been included on a GST inclusive basis.

3 Fair Value Estimation The fair value of financial instruments traded in active markets is based on quoted market prices at the statement of financial position date. The quoted market price used for financial assets held by the Group is based on the current bid price.

The fair value of financial and non financial assets that are not traded in an active market is determined by using valuation techniques. The Group uses a variety of methods and makes assumptions that are based on market conditions existing at balance date. Techniques include estimated discounted cash flows which are used to determine fair value for the financial instruments with no quoted market price.

The face value less impairment provision of trade receivables and payables are assumed to approximate their fair values.

The fair value of financial liabilities for disclosure purposes is estimated by discounting the future contractual cash flows at the current market interest rate that is available to the Group for similar financial instruments.

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

For non-cash generating assets the estimated recoverable amount is determined by estimating the depreciated replacement cost of the asset. The depreciated replacement cost is measured as the reproduction or replacement cost of the asset, whichever is lower, less accumulated depreciation calculated on the basis of such cost, to reflect the already consumed or expired service potential of the asset.

q) Trade and Other Payables Trade and other payables are measured initially at fair value and subsequently at amortised cost using the effective interest method.

55

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements For the year ended 30 June 2019

4 Critical Accounting Estimates and Judgements Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events and are believed to be reasonable under the circumstances.

The Group makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

- Note 17, key assumptions underlying the valuation of investments not traded in an active market; - Note 22, key assumptions underlying the investment property valuation; - Note 24, key assumptions underlying the valuation of forestry land; - Note 26, key assumptions underlying the impairment testing of goodwill.

5 New and Amended standards adopted by the group Except as described below, the accounting policies applied in these consolidated financial statements are the same as those applied in the Group’s consolidated financial statements as at and for the year ended 30 June 2019.

PBE IPSAS 41 Financial Instruments Effective for Group reporting period beginning on: 1 July 2018

The Group has elected to early adopt PBE IPSAS 41 Financial Instruments effective 1 July 2018 without restatement, in accordance with the transition requirements. This standard sets out the new requirements for classification and measurement, impairment and hedge accounting for financial instruments.

The following changes to accounting policies due to application of PBE IPSAS 41 have been applied to these financial statements: Classification and measurement of financial assets The Group classifies its financial assets as subsequently measured at either amortised cost of fair value depending on the Group’s business model for managing the financial assets and the contractual cash flow characteristics of the financial assets. On adoption of PBE IPSAS 41, investments previously classified as available for sale are now classified as financial assets at fair value through other comprehensive income. However there has been no material impact as these continue to be measured at fair value.

Classification and measurement of financial liabilities Classification of financial liabilities remained unchanged for the Group. Financial liabilities continue to be measured at amortised cost.

Changes to impairment of financial assets The PBE IPSAS 41 impairment requirements are based on an expected credit loss model, replacing the incurred loss methodology under PBE ISAS 29. The Group applies the simplified approach for trade and other receivables, which requires the lifetime expected credit losses to be applied when measuring the loss allowance. The impact of adopting PBE IPSAS 41 has not had a material impact on the loss allowance.

The adoption of this accounting standard has not had a material impact on the financial statements.

6 Revenue

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

GROUP 2019 2018 $000’s $000’s

56

Grant income Dividend income Farming operations income Rental income Revenue from the rendering of services Revenue from the sale of goods Fixed asset sale (loss)/gain Other income

PARENT 2019 2018 $000’s $000’s

55 686 4,121 1,859 4,782 591 (56) 1,064

303 1,090 4,217 1,857 3,970 520 3 1,060

39 1,300 32 118 2 262

223 1,500 32 55 4 87

13,102

13,020

1,753

1,901

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements

For the year ended 30 June 2019

7 Net Financing Income GROUP 2019 2018 $000’s $000’s

Interest Income Total financing income Interest expense Net loss in fair value of derivatives designated at fair value through the surplus or deficit Total financing expense Net financing (expense)/income

PARENT 2019 2018 $000’s $000’s

43 43

178 178

500 500

500 500

800

867

-

-

1

141

-

-

801

1,008

-

-

(758)

(830)

500

500

8 Expenses GROUP Note

26 25

2019 $000’s

2018 $000’s

2019 $000’s

2018 $000’s

244 40 100 1 665 50 2 136 42 361 593 112 1,052 1,933 314 260 198 178 269 10 819 65 79 84 2,639 1,001

305 37 104 2 551 57 55 114 53 157 694 112 1,221 2,028 206 259 223 156 253 5 971 55 72 74 2,482 1,076

32 20 17 1 255 49 2 2 231 257 283 314 66 21 7 19 20 33 17 934 330

28 7 30 2 222 53 55 2 90 220 293 206 84 18 4 1 27 17 28 20 864 392

11,247

11,322

2,910

2,663

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Administration fees Audit, Finance and Risk Committee Auditor's remuneration (KPMG) Bad debts Board members fees and expenses Catering Celebrations Consultants fees - Accounting and tax - Farm advisory - Legal - Other Amortisation Depreciation Farming operations expenditure Grants and sponsorships Insurance Operating leases Power & heating Rates Rent Repairs & maintenance Telecommunication expenses Travel and accommodation Vehicle Wages and salaries Other expenses

PARENT

57

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements For the year ended 30 June 2019

9 Writeback of Impairment / (Impairment)

During the year the Group recognised the following impairments and write back of impairments of its assets:

Note

Carbon credit write back of impairment / (Impairment charge) Impairment of Property, Plant and Equipment on Reclassification to Assets Held for Sale

GROUP 2019 2018 $000’s $000’s

PARENT 2019 2018 $000’s $000’s

26

-

436

-

-

25

(198)

-

-

-

(198)

436

-

-

10 Fair Value Gains / (Loss)

During the year the Group and Parent recognised the following movements in its assets recognised at fair value:

Note

Listed shares Unit Trusts Unlisted shares Forestry land revaluation Livestock movement Other

24 16

GROUP 2019 2018 $000’s $000’s

PARENT 2019 2018 $000’s $000’s

849 (229) 147 663 248

2,281 19 177 5,904 548 (60)

-

-

1,678

8,869

-

-

11 Tax Expense

Reconciliation of the prima facie income tax payable on surplus with the income tax expense charged.

GROUP 2019 2018 $000’s $000’s

Surplus/(deficit) before tax for the year Exempt (gain)/loss from charitable activities Taxable surplus/(deficit) before tax for the year Income tax expense at 17.5% on taxable surplus, (2018: 17.5%)

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Non-taxable income Imputation credits Current income tax expense/(credit)

58

PARENT 2019 2018 $000’s $000’s

806 216

7,951 216

(1,157) 1,157

(239) 239

1,022

8,167

-

-

179

1,429

-

-

(74) (107)

(1,149) (208)

-

-

(2)

72

-

-

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements

For the year ended 30 June 2019

12 Equity

Equity attributable to equity holders: Equity at the beginning of the year

GROUP 2019 2018 $000’s $000’s

PARENT 2019 2018 $000’s $000’s

117,463

108,398

81,784

82,046

3

7,777

(657)

(262)

Other comprehensive revenue and expense: - Revaluation gains - Effective portion of changes in fair value of cash flow hedges Total other comprehensive revenue and expense

356 38

1,284 4

-

-

394

1,288

-

-

Total comprehensive revenue and expense

397

9,065

(657)

(262)

Transactions with owners: - Purchase of Non-Controlling Interest Share

(14)

-

-

-

117,846

117,463

81,127

81,784

6,436

6,815

-

-

47

102

-

-

Other comprehensive revenue and expense: - Revaluation gains/(losses) - Effective portion of changes in fair value of cash flow hedges - Reclassification of impairment to surplus or deficit Total other comprehensive revenue and expense

(333) 21 -

(123) 3 -

-

-

(312)

(120)

-

-

Total comprehensive revenue and expense

(265)

(18)

-

-

Transactions with owners: Contributed equity during the year - Transfer of Non-Controlling interest - Distribution declared during the year

(536) (285)

(361)

-

-

(821)

(361)

-

-

5,350

6,436

-

-

123,196

123,899

81,127

81,784

Surplus/(deficit) for the year

Te Rūnanga o Ngāti Awa Equity at the end of the year Equity attributable to non-controlling interest: Equity at the beginning of the year Surplus/(deficit) for the year

Non-controlling interest equity at the end of the year Total equity at the end of the year

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

59

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements For the year ended 30 June 2019 13 Reserves Reserves are comprised of:

Asset Revaluation Reserves Farm land and buildings Fonterra shares Other financial assets Te Mānuka Tūtahi Carbon credit revaluation Cash Flow Hedge Reserves Effective portion of changes in fair value of cash flow hedges Total Reserves

GROUP 2019 2018 $000’s $000’s

PARENT 2019 2018 $000’s $000’s

7,459 (359) 2 585 6,670

7,459 217 2 585 5,731

7,459 585 -

7,459 585 -

14,357

13,994

8,044

8,044

-

(36)

-

-

14,357

13,958

8,044

8,044

420 116 (758)

544 312 -

30 -

33 -

(222)

856

30

33

1,781 100

1,584 47 113

159 43

112 38

1,881

1,744

202

150

858 2,398 358

805 2,451 317

-

-

3,614

3,573

-

-

3,573 401 (1,023) 663

3,518 350 (843) 548

-

-

3,614

3,573

-

-

14 Cash and Cash Equivalents Bank On-call deposits Bank Overdraft

15 Trade and Other Receivables Trade and other receivables Taxation receivable GST receivable

There are no non-exchange trade and other receivables.

16 Livestock on Hand Drystock Cattle Dairy Cattle Sheep

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Movements are represented as follows:

60

Balance at the beginning of the year Increase due to acquisitions Decrease due to sales Change in fair value * Balance at the end of the year * Change in fair value Increase due to births Fair value movement Total change in fair value

363 300

327 221

-

-

663

548

-

-

Livestock is valued using market rates from an independent valuer based on age and gender.

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements

For the year ended 30 June 2019

16 Livestock on Hand (cont.)

GROUP 2019 2018

Drystock Livestock held are comprised as follows:

Cattle Sheep Cows Heifers Total Livestock

718 1,989 1,208 593

Drystock Livestock sold are comprised as follows: Cattle Sheep Dairy Cattle sold Total Drystock Livestock Sold

17 Investments Note

Current Assets - Unit trusts

19

PARENT 2019 2018

Number of Animals 639 1,951 1,225 599 -

-

4,508

4,414

-

-

295 1,831 323

237 1,652 342

-

-

2,449

2,231

-

-

GROUP 2019 2018 $000’s $000’s

160

PARENT 2019 2018 $000’s $000’s

389

-

-

Non-Current Assets - Unit trusts - Listed shares - Unlisted shares - Subsidiaries - Joint ventures - Limited partnership

19 20

17

-

2,019

-

-

12,825 8,086 152 588

13,272 7,955 143 588

51,906 -

51,906 -

21,651

23,977

51,906

51,906

18 Limited Partnership The ICP Koura Facilities Limited Partnership and ICP Koura Operations Limited Partnership is an investment vehicle which was formed to invest into crayfish quota. The fair value of the investment is based on cash flows calculated on an annual basis from 2020 to 2024 and a terminal value based on cash flows in 2024 with an assumed growth factor of 1.5% p.a. (2018: 1.5%) and a post-tax discount rate of 6.0% (2018: 6%).

19 Investment in Unit Trusts

The unit trusts classified as a current asset relate to the investment in the Taurus Resources Fund No.2 Ltd. It is the Group’s intention to realise all investments in the Unit Trust as soon as practically possible. The amounts realised may vary from the current valuation, depending on the realised price at the date of sale. The Unit Trust has been valued based on the market value of the tradeable shares held in the Trust.

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

61

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements For the year ended 30 June 2019

20 Investments in Unlisted Shares

Investment in unlisted shares includes Moana New Zealand Limited shares (“the MNZ shares”) that were received on 30 March 2006 as part of the settlement proceeds in accordance with the Maori Fisheries Act 2004. The Maori Fisheries Act 2004 places restrictions on the sale of the MNZ shares where the shares can only be sold to either another Mandated Iwi Organisation or Te Ohu Kai Moana. The fair value of the MNZ income shares is based on cash flows calculated on an annual basis from 2020 to 2024 and a terminal value based on cash flows in 2024 with an assumed growth factor of 1.5% p.a. (2018: 1.5% p.a.) and a post-tax discount rate of 6.0% (2018: 6%). The MNZ shares are not actively traded and have no voting rights, due to this and the restrictions on sale a further discount of 30% (2018: 30%) has been applied to determine the fair value.

The shares have been valued at $2.08 million (2018: $2.08 million).

The Group has invested in Direct Capital IV Limited Partnership. Direct Capital IV invests in private equity opportunities with the intention of realising these investments and returning capital and capital gains to the partners over a 10 year time frame.

There is no active market for shares in Direct Capital IV therefore the fair value has been calculated using an EBITDA multiple approach of the underlying investments held by Direct Capital IV. The manager of Direct Capital IV Limited Partnership applies Internation Private Equity and Venture Capital valuation (‘IPEV’) guidelines in preparing quarterly valuations for all portfolio companies. The Partnership is valued at $1.05 million (2018: $1.55 million). During the year the Partnership repaid capital of $0.62 million to the Group (2018: $0.20 million).

The Group has invested in Pencarrow Bridge Fund LP. Pencarrow invests in private equity opportunities with established New Zealand based companies that offer a clear and sustainable competitive advantage. There is no active market for shares in Pencarrow Bridge Fund LP therefore the fund has been included at balance held the valuation used by Pencarrow Bridge Fund LP management, held at the annual balance date of Pencarrow Bridge Fund LP of 31 March 2019. The Partnership is valued at $4.4 million (2018: $3.8 million).

The Group has invested in HoneyLab which undertakes research into medical uses of Honey and other products from bees.

There is no active market for shares in HoneyLab therefore the fair value of the investment is held at cost which management consider fair value at this early stage of investment. There have been no recent transactions of shares which suggest that a movement in fair value has occured. The investment in the company is valued at $0.5 million (2018: $0.5 million).

21 Investment in Associate GROUP 2019 2018 $000’s $000’s

PARENT 2019 2018 $000’s $000’s

Iwi Collective Orchards LP

13,926

12,950

-

-

Balance of Limited Partnership Balance at the Beginning of the year Purchase of Associate Share of profit Balance at the End of the Year

12,950 976

12,250 700

-

-

13,926

12,950

-

-

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

The Group has invested in Iwi Collective Orchards LP which owns and operates three kiwifruit orchards in the Bay of Plenty.

The investment is recognised at cost plus the share of profit/loss attributable and has been included as at the annual balance date of Iwi Collective Orchards LP of 30 June 2019.

62

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements

For the year ended 30 June 2019

22 Investment Properties GROUP 2019 2018 $000’s $000’s

PARENT 2019 2018 $000’s $000’s

Investment properties

10,265

10,265

-

-

Movements in investment properties are represented as follows: Balance at the beginning of the year Revaluation gains Balance at the end of the year

10,265 -

10,265 -

-

-

10,265

10,265

-

-

330 465 210 765 375

330 465 210 765 375

-

-

2,145

2,145

-

-

168 1,666 1,400 1,000 895 2,300 691

168 1,666 1,400 1,000 895 2,300 691

-

-

8,120

8,120

-

-

10,265

10,265

-

-

Investment properties comprise: Land and Buildings 1-3 Toroa Street 5-7 Toroa Street 9-11 Toroa Street 13-17 Toroa Street 64 Wairaka Street

Land Te Whare Wānanga O Awanuiārangi Apanui School Army Hall Ohope Beach School Ohope Beach Holiday Park Whakatāne High School Whakatāne Court House

Total Investment Properties

Residential properties on Wairaka and Toroa Streets (except 9-11 Toroa St) were independently valued as at 30 June 2017 by Boyes James McKay Limited. The valuation was based on market evidence of transactions for similar properties and direct comparison.

For the 2019 financial statements management assessed the value of 9 - 11 Toroa St in comparison to the other Toroa Street properties based on the average value per square meter.

Management assessed the fair value of land using an assumed rental yield of 6% for those properties that are tenanted and concluded no change in valuation was required.

The rent on Whakatāne, Ohope, and Apanui Schools were reviewed in April 2016 as per the respective rental agreements with the Ministry of Education. The initial valuations received by Ngāti Awa Properties and the Ministry of Education indicated a difference in the value of each of the three properties. As a consequence a subsequently negotiated mid-point between the two valuations is adopted as the fair market value in these financial statements.

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

The 2017 valuers are independent registered valuers not related to the Group. All valuers hold recognised and relevant professional qualifications and have recent experience in the locations of the investment property they have valued.

63

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements For the year ended 30 June 2019 23 Biological Assets GROUP 2019 2018 $000’s $000’s

Pine Woodlot

2,028

PARENT 2019 2018 $000’s $000’s

2,028

-

-

The pine woodlot was independently valued on 30 June 2017 by PF Olsen Limited. The valuation used a discounted cash flow method with a post tax discount rate of 6.5%.

Management confirmed the suitability of this valuation for 2019 and considers this valuation to be a fair representation for the value of the woodlot.

The Manuka plantation was independently valued on 30 June 2017 by PF Olsen Limited. The valuation used discounted cash flows with a discount rate of 15% and an inflation rate of 2%.

24 Forestry Land Assets GROUP 2019

Forestry Land Assets

PARENT

2018

2019

2018

$000’s

$000’s

$000’s

$000’s

23,209

23,209

-

-

23,209 -

17,305 5,904

-

-

23,209

23,209

-

-

Movements are represented as follows: Balance at the beginning of the year Revaluation gains Balance at the end of the year

The forestry land assets were independently valued on 30 June 2018 by Telfer Young (Rotorua) Limited. The valuation used a mixture of market evidence of transactions for similar assets, direct comparison, capitalisation and discounted cash flow approaches. Telfer Young (Rotorua) Limited used discounted cash flows with a discount rate of 6.9% and an inflation rate of 2%.

Management perform an assessment on the fair value of the asset on an annual basis. Management assessed the valuation using discounted cash flows with a discount rate of 6.9% and an inflation rate of 2%.

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

The Group leases forestry land to various counterparties for terms of 35 years and records these as operating leases.

64

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements

For the year ended 30 June 2019

25 Property, Plant & Equipment Cultural Assets $000’s Cost 7,026 -

Land $000’s Cost 25,294 70 -

Buildings $000’s Cost 11,413 114 (56) (481)

Motor Vehicles & Vessels $000’s Cost 4,181 3,711 (550) (198) (171)

7,026

25,364

10,990

6,973

2,068

52,421

7,026 -

25,364 -

14,431 (3,441)

7,669 (696)

4,529 (120) (2,341)

59,019 (120) (6,478)

7,026

25,364

10,990

6,973

2,068

52,421

30 June 2018 Balance at the beginning of the year Additions (cost) Depreciation Balance at the end of the year

7,026 -

25,276 18 -

11,733 171 (491)

4,470 75 (364)

1,899 662 (366)

50,404 926 (1,221)

7,026

25,294

11,413

4,181

2,195

50,109

Cost or valuation

7,026

25,294

14,397

4,853

4,256

55,826

-

-

(2,984)

(672)

(120) (1,941)

(120) (5,597)

7,026

25,294

11,413

4,181

2,195

50,109

GROUP 30 June 2019 Balance at the beginning of the year Additions (cost) Disposals Transferred to assets held for sale Impairment write backs/(losses) Depreciation Balance at the end of the year Cost or valuation Accumulated impairment losses Accumulated depreciation Net Book Value

Accumulated impairment losses Accumulated depreciation Net Book Value

Office Equipment & Plant $000’s Cost 2,195 273 (400)

Total $000’s 50,109 4,168 (56) (550) (198) (1,052)

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

65

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements For the year ended 30 June 2019

25 Property, Plant & Equipment (cont.)

Cultural Assets $000’s Cost 7,026 -

Land $000’s Cost 10,205 -

Buildings $000’s Cost 4,721 1 (230)

Vehicles & Vessels $000’s Cost -

7,026

10,205

4,492

-

172

21,895

7,026 -

10,205 -

6,401 (1,909)

50 (50)

1,062 (117) (773)

24,744 (117) (2,732)

7,026

10,205

4,492

-

172

21,895

30 June 2018 Balance at the beginning of the year Additions (cost) Depreciation Balance at the end of the year

7,026 -

10,205 -

4,823 129 (231)

-

249 23 (62)

22,303 152 (293)

7,026

10,205

4,721

-

210

22,162

Cost or valuation Accumulated impairment losses Accumulated depreciation Net Book Value

7,026 7,026

10,205 10,205

6,400 (1,679) 4,721

50 (50) -

1,047 (117) (720) 210

24,728 (117) (2,449) 22,162

PARENT 30 June 2019 Balance at the beginning of the year Additions (cost) Depreciation Balance at the end of the year Cost or valuation Accumulated impairment losses Accumulated depreciation Net Book Value

Equipment & Plant $000’s Cost 210 15 (53)

Total $000’s 22,162 16 (283)

Land The farm land is restricted in use by the land having been vested to the Rūnanga under the Maori Land Court ensuring that the land is retained for nga uri o nga hapū o Ngāti Awa and is not able to be alienated. The net book value of the land is $8.35 million (2018: $8.35 million).

Te Mānuka Tūtahi land is restricted in use by the land having been vested to the Rūnanga under the Maori Land Court ensuring that the land is retained for the purpose of a meeting place of cultural and historical importance for the communal use and benefit of nga uri o nga hapū o Ngāti Awa. The net book value of the land is $0.79 million (2018: $0.79 million)

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Cultural Assets The following cultural land assets were received as part of the settlement claim, and previously formed parts of historic, scenic and recreation reserves (with the exception of the former Matahina A4 Block). These land assets were received at no cost.

66

Kaputerangi (4.9321 hectares) Te Ihukatia (1.1 hectares approximately) Te Paripari Pa (1.0451 hectares) Whakapaukorero (30 hectares approximately) Otitapu Pa (6 hectares approximately) Former Matahina A4 Block (4,045 square metres) Te Toangopoto (10 hectares approximately)

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements

For the year ended 30 June 2019

26 Intangible Assets GROUP Note 30 June 2018 Balance at the beginning of the year Amortisation Sale of Carbon Credits Revaluation Balance at the end of the year

30 June 2018 Balance at the beginning of the year Amortisation Impairment Write Back Revaluation Balance at the end of the year

Fish Quota 26 (i) $000’s 3,520 -

Goodwill

License

Total

-

Carbon Credits 26 (ii) $000’s 10,096 (1,138) 940

26 (iii) $000’s 2,898 -

26 (iv) $000’s 1,878 (112) -

$000’s 18,392 (112) (1,138) 940

3,520

9,898

2,898

1,766

18,082

Fish Quota $000’s 3,520 -

Carbon Credits $000’s 8,183 436 1,477

Goodwill

License

Total

$000’s 2,898 -

$000’s 1,990 (112) -

$000’s 16,591 (112) 436 1,477

3,520

10,096

2,898

1,878

18,392

(i) Fish Quota

Fish quota is an intangible asset that provides annual catch entitlements for fish stock species. The quota is issued into perpetuity and has been classed as an indefinite life asset. The asset is not amortised, it is tested annually for impairment.

The recoverable amount of the fish quota has been determined as the cash generating unit associated with the asset. Cash flows have been projected into perpetuity using a long term growth rate of inflation of 1.5% (2018: 1.5%) and discounted using the entity’s post tax weighted average cost of ca tal of 6.0% (2018: 6.0%). The carrying value of the fishing quota is $3.5 million (2018: $3.5 million).

Management does not expect that a reasonable change in key assumptions would result in a material reduction in the recoverable amount of the fish quota below its carrying amount.

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

67

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements For the year ended 30 June 2019 26 Intangible Assets (cont.) (ii) Carbon Credits

The New Zealand Emission Trading Scheme (ETS) became law on 26 September 2008 with the passing of the Climate Change Response (Emissions Trading) Amendment Act 2008 (the Act). The Act was amended during 2010 with the passing of the Climate Change Response (Moderated Emissions Trading) Amendment Bill on 25 November 2010. Under the provisions of the Act the Group is a deemed participant in the ETS as it is an owner of pre-1990 forest land.

The Act provided for an allocation of 60 New Zealand carbon units (NZUs) per hectare to be transferred to the Group. Based on this allocation the Group received 477,647 NZUs. The Act provided for the credits to be transferred in two tranches.

The Group recognised the allocation of the first tranche of NZUs as government grant income in surplus or deficit in 2010 as the allocation was considered to represent compensation of the lower value of land already incurred. The carbon credits are assessed as having an indefinite life as they have no expiry date and the Group is able to either hold the NZUs within the carbon register or alternatively trade the NZUs in domestic or international carbon markets.

The second tranche of NZUs was recognised by the Group as government grant income in surplus or deficit in November 2012. This allocation was recognised as a result of the Climate Change Response Amendment Act 2012, which was passed into law on 13 November 2012. This amendment removed the previous uncertainty around the recognition of pre-1990 forestry allocations.

Under the ETS the Group will have an obligation to account for any emission released as a consequence of deforestation of pre-1990 forest land by surrendering NZUs equal to the extent of that emission. The Group has no liability for deforestation as at 30 June 2019 (2018: nil).

An active market exists for carbon credits and they are recognised at fair value based on quoted prices as at 30 June 2019.

The Rotoehu West forest was held by the Rūnanga on behalf of the Ngāti Hikakino and Ngāi Te Rangihouhiri II Hapū (Note 29). The forest entitles the Hapū to an allocation of 60,373 NZUs. The Group has transferred the ownership of the forest land to the Rotoehu Forest Trust. The Group still holds the carbon credits associated with the forest and will transfer them to the Rotoehu Forest Trust when they have completed registration with the Ministry for the Environment. The actual number of carbon credits transferred to the Hapū may differ depending on the independently surveyed land area. The value of carbon credits held on behalf of the Hapū as at 30 June 2019 is $1,395 million (2018: $1,274 million), refer to note 29.

(iii) Goodwill

Goodwill has arisen on the purchase of White Island Tours. Goodwill was initially recorded as the difference between the fair value of the identifiable net assets and price paid on acquisition. The asset is not amortised, it is tested annually for impairment. Management consider that the tour business and the motel/cafe constitute two cash generating units (“CGU’s”).

For the purpose of impairment testing, management consider that the Goodwill arises from the synergies of the combination of these CGU’s and therefore the recoverable amount of both CGU’s is combined.For the tour business, cash flows have been projected into perpetuity using a long term growth rate of inflation of 1.6% (2018: 1.6%) and discounted using the entity’s post tax weighted average cost of capital of 10.5% (2018: 11.5%). For the motel/cafe, the recoverable amount has been assessed as the fair value less costs to sell. The carrying value of the goodwill is $2.90 million (2018: $2.90 million).

(iv) Whakaari/White Island Landing License

The license relates to the landing rights included in the purchase of White Island Tours. The rights have initially been recognised at fair value. The landing rights have been independently valued on 30 June 2017 by Crowe Horwath (NZ) Limited. The valuation used a discounted cash flow applying a post tax discount rate of 11.4%.

(v) Whakatāne Airport

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

The Rūnanga has a right to receive at no cost the Whakatāne airport land if the use of the land ceases to be that of an airport.

There is nil value attached to the right to purchase.

68

(vi) Radio Frequency

The radio frequency licence used by Te Reo Irirangi o Te Mānuka Tūtahi is issued to the Rūnanga. This asset has nil value.

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements

For the year ended 30 June 2019

27 Trade and Other Payables GROUP 2019 2018 $000’s $000’s

Trade payables Accrued expenses Taxation payable Distribution to Hapū

PARENT 2019 2018 $000’s $000’s

845 476 (73) 240

1,000 660 163

178 107 240

235 126 163

1,488

1,823

525

524

There are no non-exchange trade and other payables.

28 Income Received in Advance

Note

Current Liabilities Forestry rentals Access rights Property rentals Other

Non-Current Liabilities Access rights Property rentals

28 (i) 28 (ii) 28 (iii)

28 (ii) 28 (iii)

GROUP 2019 2018 $000’s $000’s

PARENT 2019 2018 $000’s $000’s

941 143 293 175

910 143 293 88

16

12

1,552

1,434

16

12

2,892 950

3,035 960

-

-

3,842

3,995

-

-

There are no non-exchange items of income received in advance. (i) Forestry rentals relate to the lease of land at Northern boundary and Rotoehu East. This lease is paid in advance for the following year and the income is recognised on a straight line basis. (ii) Access rights relate to $5 million in relation to the Bonisch Road settlement received during 2010. This is being amortised over 35 years (2018: 35 years) beginning 1 October 2005 which is the period of access rights granted under the settlement. (iii) The non-current liability for property rentals relate to a lease of land to the Te Whare Wānanga O Awanuiārangi. The lease is for a term of 100 years and the rental of $1 million was paid in advance. Rental income is being recognised on a straight line basis over 100 years beginning 1 July 2015.

29 Ngāti Hikakino and Ngāi Te Rangihouhiri II Hapū

The Rotoehu West forest was being held by the Rūnanga on behalf of the Ngāti Hikakino and Ngāi Te Rangihouhiri II Hapū.

On 26 August 2016 the title of the Rotoehu West forest was transferred by the Rūnanga to the Rotoehu Forest Trust. The associated carbon credits remain with the Rūnanga, and will be transferred once Rotoehu Forest Trust complete registration.

GROUP 2019 2018 $000’s $000’s

PARENT 2019 2018 $000’s $000’s

Assets held for distribution Intangible assets

1,395

1,274

1,395

1,274

Liabilities held for distribution Ngāti Hikakino and Ngāi Te Rangihouhiri II Hapū

1,395

1,274

1,395

1,274

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

As at reporting date the carrying amount of the Rotoehu West forest carbon credits held for distribution comprised of the following:

69

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements For the year ended 30 June 2019 30 Term Loans GROUP 2019 2018 $000’s $000’s

Current Liabilities Current portion of ANZ loan Current portion of loan from Housing NZ Corporation Fonterra Loan

Non-Current Liabilities ANZ Loans Loan from Housing NZ Corporation

PARENT 2019 2018 $000’s $000’s

8,162 35 -

6,781 36 112

-

-

8,197

6,929

-

-

8,920 483

10,884 519

-

-

9,403

11,403

-

-

ANZ Loan Five loans with the ANZ are currently held. The first was initially raised during June 2013 to purchase a dairy farm for Tumurau Limited Partnership. The loan is secured by a mortgage over the farm land on Braemar Road, Whakatāne. The loan matures in April 2021 and has a current floating interest rate of 4.19% (2018: 5.15%) with interest charged on a monthly basis.

Three loans were raised in June 2015 to replace the Westpac loan held by the Joint Venture as part of the purchase of the dairy herd and farm plant, alongside additional Fonterra share purchases and the establishment of another farm house on the property. The loans are maturing in June 2020 and are secured by a mortgage over the farm land. The loans are floating with interest rates ranging between 4.03% to 4.9%, with interest charged on a monthly basis.

An ANZ loan was raised to purchase the Passmore Block from the parent Ngāti Awa Farms Limited to Ngāti Awa Farms (Rangitaiki) Joint Venture. The loans mature in August 2020 and July 2021 with interest ranging between 4.03% to 4.98% charged on a monthly basis.

Two loans were raised in October 2017 to fund the construction of a new effluent pond. The loan was fixed for five years at an interest rate of 4.03%, with interest charged on a monthly basis.

One loan was renewed in June 2018 for a term of five years (maturing June 2023) secured against property held by Ngāti Awa Properties Limited. The loan is floating with an interest rate of between 3.57% and 4.3%, charged on a monthly basis

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Loan from Housing NZ Corporation Two loans were raised to purchase and renovate residential properties at Wairaka, Whakatāne. The loans are for 25 years at interest rates of 4.89% and 5.15% (2018: 4.89% and 5.15%). The loans are secured by a mortgage on the respective Wairaka residential properties.

70

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements

For the year ended 30 June 2019

31 Investments in Subsidiaries and Joint Ventures

Class of Share

Ownership Interest Held 30 June 30 June 2019 2018

Balance Date

Principal Activity

Subsidiaries Ngāti Awa Group Holdings Limited

Ordinary

100%

100%

Ngāti Awa Asset Holdings Limited

Ordinary

100%

100%

Commercial Assets Administration 30 June Fisheries Investment

Ngāti Awa Farms Limited

Ordinary

100%

100%

30 June Drystock Farming

Ngāti Awa Farms (Rangitaiki) Limited

Ordinary

57%

51%

Ngāti Awa Fisheries Limited

Ordinary

100%

100%

30 June Fish Quota Leasing

Ngāti Awa Fish Quota Holdings Limited

Ordinary

100%

100%

30 June Non-Trading

Ngāti Awa Forests Limited

Ordinary

100%

100%

30 June Forest Land Leasing

Ngāti Awa No.1 Limited

Ordinary

100%

100%

30 June Investment

Ngāti Awa Properties Limited

Ordinary

100%

100%

30 June Property Leasing

Ngāti Awa Research & Archives Trust

-

100%

100%

30 June Research

The Ngāti Awa Community Development Trust -

100%

100%

Manu Hou GP Limited

Ordinary

100%

100%

Manu Hou Limited Partnership

-

70%

70%

30 June Social Services General Partner of 30 June Manu Hou LP 30 June Capital Investments

Ngāti Awa Farms (Rangitaiki) Joint Venture

-

57%

51%

Tumurau GP Limited

Ordinary

100%

100%

Tumurau Limited Partnership

-

68%

68%

White Island Tours Limited

Ordinary

100%

100%

Ordinary

34%

34%

30 June Kiwi Fruit Orchards

Mataatua Fisheries Collective

-

16%

16%

31 March Fish Quota Leasing

Mataatua Quota ACE Holdings Limited

Ordinary

16%

16%

31 March Fish Quota Leasing

30 June

30 June Non-Trading

30 June Dairy Farming General Partner of 30 June Tumurau LP 30 June Dairy Farming 30 June Tourism

Associate Iwi Collective Orchards Limited Partnership Joint Ventures

32 Acquisition of NCI In October 2018, the Group acquired an additional 6.21% interest in Ngāti Awa Farms (Rangitaiki) Joint Venture, increasing its ownership from 51% to 57%. The carrying amount of Ngāti Awa Farms (Rangitaiki) Joint Venture’s net assets in the Group’s consolidated on the date of acquisition was $536k.

The decrease in equity attributable to owners of the Joint Venture comprised: - an increase in asset revaluation reserve of $7k - a decrease in the cash flow hedge reserve of $2k

536 550 (14)

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Carrying amount of NCI acquired Consideration paid to NCI A decrease in equity attributable to owners of the Joint Venutre

71

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements For the year ended 30 June 2019 33 Related Party Transactions

Balances with subsidiaries are held as follows: Statement of Financial Position

PARENT 2019 2018 $000’s $000’s

Non-Current Assets Loans owing by subsidiaries - Ngāti Awa Research & Archives

- Ngāti Awa Asset Holdings Limited Current Liabilities Owing to subsidiaries Owing to subsidiaries

- Ngāti Awa Asset Holdings Limited - Development Ngāti Awa

18 8,841

4 8,923

8,859

8,927

1,227 27

885 -

1,254

885

On 1 October 2007 a loan was advanced to Ngāti Awa Asset Holdings Limited, it was renewed in February 2018 and is repayable on 30 September 2027. Interest is received at the prescribed Inland Revenue Department rate for low-interest loans of 5.77% p.a. as at 30 June 2019 (2018: 5.77% p.a.)

PARENT

Receipts and Payments with Subsidiaries Receipts Farm lease income Interest Dividend Payment of Loan

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Payments Lease Payment Payment of Loan

72

- Ngāti Awa Farms Limited - Ngāti Awa Asset Holdings Limited - Ngāti Awa Asset Holdings Limited - Ngāti Awa Group Holdings Limited

- Ngāti Awa Properties Limited - Ngāti Awa Group Holdings Limited

2019

2018

$000’s

$000’s

30 500 1,300 -

30 500 1,500 157

1,830

2,187

66 341

66 -

407

66

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements

For the year ended 30 June 2019

33 Related Party Transactions (cont.)

Payments to Consultants who are Board Members Payments to Board Members under the Rūnanga Charter Under the Rūnanga Charter clause 18.1(c), there is a provision for professional fees that can be paid to Board Members.

During the years ended 30 June 2019 and 30 June 2018 the following professional fees were paid to Board Members:

Board Member

Nature of fees

M Dodd M Glen TR Chapman-de Vos B Kingi P Kopu B Tunui BP Quinn

Appointments & Remuneration Appointments & Remuneration Audit, Finance & Risk Committee Appointments & Remuneration Ngāti Awa Community Development Trust Appointments & Remuneration Chair of Ngāti Awa Group Holdings Limited Farms Board Investment Committee Health and Safety Committee White Island Tours Limited Audit, Finance & Risk Committee Rūnanga consultancy, Ngāti Awa Research and Archives, ex officio of Ngāti Awa Group Holdings Limited Audit, Finance & Risk Committee Ngāti Awa Group Holdings Limited Ngāti Awa Community Development Trust

M Sisley J Mason

R O'Brien T O'Brien

GROUP 2019 2018 $000’s $000’s

PARENT 2019 2018 $000’s $000’s

1 1 3 1 1 1 60

1 1 4 1 1 1 57

1 1 1 1 1 1 -

1 1 1 1 1 1 -

3 59

3 59

36

36

14

26

-

-

1

1

1

1

145

155

43

43

Board members represents 22 people (2018: 28 people). Board Members were paid $130,705 in meeting fees for the year ended 30 June 2019 (2018: $135,550), which includes the Chairman’s and Deputy Chairman’s honorarium payments.

Indemnity insurance of $10,000 (2018: $11,500) was paid on behalf of the Board Members.

Payments as the Chairman of the Board Fees paid to J Mason

GROUP 2019 2018 $000’s $000’s

45

45

PARENT 2019 2018 $000’s $000’s

45

45

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Payments to Key Management Personnel Management represents 4 individuals (2018: 4 individuals), determined on a full-time equivalent basis. Key management personnel and their direct reports costs are $671,230 (2018: $628,550) for the Group.

73

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements For the year ended 30 June 2019

34 Operating Lease Commitments

Non-cancellable operating lease rentals are payable as follows:

Commitments due

GROUP 2019 2018 $000’s $000’s

- within 1 year - in 1 year to 2 years - in 2 years to 5 years - greater than 5 years

PARENT 2019 2018 $000’s $000’s

93 74 74 -

202 93 148 -

-

-

241

443

-

-

Non-cancellable operating lease rentals are receivable as follows. These relate to operating lease rentals on investment properties and forestry land.

Commitments due

GROUP 2019 2018 $000’s $000’s

PARENT 2019 2018 $000’s $000’s

- within 1 year - in 1 year to 2 years - in 2 years to 5 years - greater than 5 years

1,622 1,622 4,566 40,821

1,581 1,581 4,551 40,101

-

-

48,631

47,814

-

-

35 Capital Commitments

The Group has committed capital to Taurus Resources Fund No.2 Ltd, remaining capital commitment as at 30 June 2019 is USD$30k (2018: USD$90k).

Manu Hou Limited Partnership has committed capital of $5 million to Direct Capital IV. As at 30 June 2019 $2.96 million has been called (2018: $2.93 million).

Ngāti Awa Assets Limited has committed capital of $5 million to Pencarrow Bridge Fund LP. As at 30 June 2019 $4.1 million has been called (2018: $3.8 million).

Ngāti Awa Assets Limited has committed capital of $5 million to Te Puia Tapapa. As at 30 June 2019 $0.04 million has been called (2018: $0.04 million).

Ngāti Awa Properties Limited has no capital committments (2018: $2.6 million).

The Group has no other capital commitments as at 30 June 2019 (2018: $nil).

36 Contingent Assets and Liabilities Contingent Liabilities

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

The Group has no contingent liabilities as at 30 June 2019 (2018: $nil)

74

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements

For the year ended 30 June 2019

37 Financial Assets and Liabilities

The table below analyses the financial assets and liabilities by class and category, consistent with the Rūnanga and Group’s accounting policies.

GROUP 30 June 2019 Assets per Statement of Financial Position

Assets at Assets at Fair Value Financial Fair Value through other Assets at through Surplus Comprehensive Amortised Cost or Deficit Income $000’s $000’s $000’s

Other investments Other financial assets at fair value through surplus or deficit Trade and other receivables Cash and cash equivalents

Carrying Value Total $000’s

-

30,883

4,886 -

4,886 30,883

1,781 536

-

-

1,781 536

2,317

30,883

4,886

38,086

Other Financial Liabilities at Amortised Cost $000’s

Liabilities per Statement of Financial Position

Term loans Trade and other payables

Carrying Value Total $000’s

17,600 1,488

17,600 1,488

19,088

19,088

There are no material financial assets that are past due or impaired.

30 June 2018 Assets per Statement of Financial Position

Other investments Other financial assets at fair value through surplus or deficit Trade and other receivables Cash and cash equivalents

Assets at Assets at Fair Value Financial Fair Value through other Assets at through Surplus Comprehensive Amortised Cost or Deficit Income $000’s $000’s $000’s

1,101 1,584 856 3,541

30,865 30,865

5,801 5,801

Carrying Value Total $000’s

6,902 30,865 1,584 856 40,207

Other Financial

Term loans Trade and other payables

18,332 1,823 20,155

Carrying Value Total $000’s

18,332 1,823 20,155

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Liabilities per Statement of Financial Position

Liabilities at Amortised Cost $000’s

75

TE RŪNANGA O NGĀTI AWA

Notes to the Financial Statements For the year ended 30 June 2019

37 Financial Assets and Liabilities (cont.)

The table below analyses the financial assets and liabilities by class and category, consistent with the Rūnanga and Group’s accounting policies.

PARENT 30 June 2019 Assets per Statement of Financial Position Trade and other receivables Owing by subsidiaries Cash and cash equivalents

Assets at Assets at Fair Value Financial Fair Value through other Assets at through Surplus Comprehensive Amortised Cost or Deficit Income $000’s $000’s $000’s

159 8,859 30

-

-

159 8,859 30

9,048

-

-

9,048

Other Financial Liabilities at Amortised Cost $000’s

Liabilities per Statement of Financial Position Trade and other payables Owing to subsidiaries

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

30 June 2018 Assets per Statement of Financial Position Trade and other receivables Owing by subsidiaries Cash and cash equivalents

76

There are no material financial assets that are past due or impaired.

38 Events occurring after the reporting period

There were no material events after the reporting period.

Carrying Value Total $000’s

525 1,254

525 1,254

1,779

1,779

Assets at Assets at Fair Value Financial Fair Value through other Assets at through Suplus Comprehensive Amortised Cost or Deficit Income $000’s $000’s $000’s

Liabilities per Statement of Financial Position Trade and other payables Owing to subsidiaries

Carrying Value Total $000’s

Carrying Value Total $000’s

112 8,927 33

-

-

112 8,927 33

9,072

-

-

9,072

Other Financial Liabilities at Amortised Cost $000’s

Carrying Value Total $000’s

524 885

524 736

1,409

1,409

Independent Auditor’s Report To the Members of Te Rūnanga o Ngāti Awa Report on the audit of the Rūnanga and Group financial statements

Opinion In our opinion, the accompanying Rūnanga and Group financial statements of Te Rūnanga o Ngāti Awa (the ’Rūnanga’) and its subsidiaries (the 'Group') on pages 47 to 76:

We have audited the accompanying Rūnanga and Group financial statements which comprise:

—

The Rūnanga and Group statement of financial position as at 30 June 2019;

i. Present fairly in all material respects the Rūnanga's and Group’s financial position as at 30 June 2019 and its financial performance and cash flows for the year ended on that date; and

—

The Rūnanga and Group statements of comprehensive revenue and expense, changes in equity and cash flows for the year then ended; and

—

Notes, including a summary of significant accounting policies and other explanatory information.

ii. Comply with Public Benefit Entity Standards Reduced Disclosure Regime (Not For Profit).

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (New Zealand) (‘ISAs (NZ)’). We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

We are independent of the Rūnanga and Group in accordance with Professional and Ethical Standard 1 (Revised) Code of Ethics for Assurance Practitioners issued by the New Zealand Auditing and Assurance Standards Board and the International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants (‘IESBA Code’), and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code.

Our responsibilities under ISAs (NZ) are further described in the auditor’s responsibilities for the audit of the Rūnanga and Group financial statements section of our report.

Other than in our capacity as auditor we have no relationship with, or interests in, the Rūnanga and Group.

The Representatives, on behalf of the Rūnanga and Group, are responsible for the other information included in the entity’s financial statements. Our opinion on the Rūnanga and Group financial statements does not cover any other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the Rūnanga and Group financial statements our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the Rūnanga and Group financial statements or our knowledge obtained in the audit or otherwise appears materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

34

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Other information

77

Use of this independent auditor’s report This independent auditor’s report is made solely to the Members as a body. Our audit work has been undertaken so that we might state to the Members those matters we are required to state to them in the independent auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Members as a body for our audit work, this independent auditor’s report, or any of the opinions we have formed.

Responsibilities of the Representatives for the Rūnanga and Group financial statements The Representatives, on behalf of the Rūnanga, are responsible for:

—

The preparation and fair presentation of the Rūnanga and Group financial statements in accordance with generally accepted accounting practice in New Zealand (being Public Benefit Entity Standards Reduced Disclosure Regime (Not For Profit));

—

Implementing necessary internal control to enable the preparation of a Rūnanga and Group set of financial statements that is fairly presented and free from material misstatement, whether due to fraud or error; and

—

Assessing the ability to continue as a going concern. This includes disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless they either intend to liquidate or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the Rūnanga and Group financial statements Our objective is:

—

To obtain reasonable assurance about whether the Rūnanga and Group financial statements as a whole are free from material misstatement, whether due to fraud or error; and

—

To issue an independent auditor’s report that includes our opinion.

Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs NZ will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error. They are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Rūnanga and Group financial statements.

A further description of our responsibilities for the audit of these Rūnanga and Group financial statements is located at the External Reporting Board (XRB) website at: TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

http://www.xrb.govt.nz/standards-for-assurance-practitioners/auditors-responsibilities/audit-report-7/

78

This description forms part of our independent auditor’s report.

KPMG Tauranga 25 October 2019

35

TE RŪNANGA O NGĀTI AWA

Remuneration and Payments Payments to Employees to be disclosed under the Rūnanga Charter:

Under the Rūnanga Charter clause 11.3, there is a requirement for the Annual Report to comply with section 211 of the Companies Act 1993 but excluding information required by section 211(1)(g) where the Rūnanga so decides pursuant to clause 11.6 (Protection of Sensitive Information).

During the year ended 30 June 2019 the number of employees or former employees, not being governors, that received remuneration and any other benefits in their capacity as employees where the value exceeded $100,000 per annum were: $100,000 - $110,000: 1 employee $120,000 - $130,000: 1 employee $130,000 - $140,000: 1 employee $170,000 - $180,000: 1 employee $230,000 - $240,000: 1 employee

Payments to Board members under the Rūnanga Charter

Under the Rūnanga Charter clause 18.1(c), there is a provision for the professional fees that can be paid to Board Members. During the year ended 30 June 2019 the following board attendance meeting fees, other meeting fees, and professional fees were paid to Board Members.

NAME

BOARD

MEETING FEE

M Araroa

TRONA

1,575

TA Barrett

TRONA

1,575

TR Chapman-de Vos

TRONA

630

OTHER BOARD / COMMITTEES Governance Review Committee Audit, Finance and Risk Committee

OTHER FEES PAID 150 2,750

Ngāti Awa Research & Archives Trustee

450

V Copeland

TRONA

1,260

M Dodd

TRONA

1,575

Appointment and Remuneration Committee

750

M Glen

TRONA

1,260

Appointment and Remuneration Committee

300

M Hepi

TRONA

1,575

B Kingi

TRONA

1,575

Appointment and Remuneration Committee

300

P Koopu

TRONA

1,575

Ngāti Awa Community Development Trustee

300

Governance Review Committee

150

J Mason (Chair)

TRONA

45,000

T K Merito

TRONA

945

A Morrison

TRONA

1,575

P Ngaropo

TRONA

1,260

R O’Brien

TRONA

1,575

TRONA

BP Quinn

TRONA (ceased 16 May 2019)

13,500 945

35,000

NAGHL (ex officio)

22,500

Appointment and Remuneration Committee

150

Ngāti Awa Research & Archives Trustee

450

NAGHL Director (ceased 7 December 2018) Audit, Finance and Risk Committee (ceased 7 December 2018)

11,250

Ngāti Awa Community Development Trustee

450

NAGHL Chairman

TRONA

1,575

E Ratahi-Pryor

TRONA

1,260

R Shortland

TRONA

1,575

40,500

Ngāti Awa Farms Limited Director

3,000

Health & Safety Committee

3,000

White Island Tours Chairman

10,000

Investment Committee S Ratahi

1,500

3,000

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

T O’Brien

Fisheries Consultant

79

TE RŪNANGA O NGĀTI AWA

Remuneration and Payments NAME

BOARD

MEETING FEE

M Sisley

TRONA

1,260

A Tangitu

TRONA

1,260

B Tunui

TRONA

1,260

V Murray D Birch

TRONA (appointed 17 May 2019) NAGHL

OTHER BOARD / COMMITTEES Audit, Finance and Risk Committee

450

Governance Review Committee

150

315 22,500

AE De Farias

Audit, Finance and Risk Committee

10,000

White Island Tours Director

3,000

Ngāti Awa Farms Limited Chairman

7,083

White Island Tours Director

3,000

Health & Safety Committee

10,000

White Island Tours Director

3,000

NAGHL

22,500

Investment Committee

3,000

J Mather

NAGHL

22,500

Health & Safety Committee

3,000

K Rei

NAGHL

22,500

Investment Committee

3,000

NAGHL (ex officio)

22,500

P Taylor

F Hutchings BDP Tatere A Jaram S Tutua A Green

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

22,500

3,000

HW Hudson

W Vercoe

80

NAGHL

3,000

Appointment and Remuneration Committee

Investment Committee

PS Drummond

OTHER FEES PAID

Audit, Finance and Risk Committee (ceased 15 December 2019) Audit, Finance and Risk Committee Ngāti Awa Farms Limited (ceased 25 October 2018) Ngāti Awa Research & Archives Trustee Ngāti Awa Research & Archives Trustee Ngāti Awa Community Development Trustee

12,500

14,000 3,333 450 450 450

TE RŪNANGA O NGĀTI AWA

Ngāti Awa Hapū Register HAPŪ Nga Maihi Ngai Taiwhakaea II

JUNE JUNE REPRESENTATIVE 2018 2019 2,044 2,065 Regina O’Brien 1,586

1,595 Enid Ratahi-Pryor

Ngai Tamaoki

839

860 Boyce Kingi

Ngai Tamapare

408

408 Paul Quinn

Ngai Tamawera

1,158

$1,100,000

2006/2007

-

2007/2008

-

2008/2009

-

2009/2010

$200,000

2010/2011

$40,000

2011/2012

$135,000

1,411 Vincent Copeland

2012/2013

$55,000

118 Putiputi Koopu

2013/2014

$165,000

1,173 Alf Morrison

624

628 Manurere Glen

Ngai Tuariki

322

314 Meri Hepi

Ngāti Awa ki Poneke

323

319 Brian Tunui

Ngāti Awa ki Tamaki Makaurau

360

362 Pouroto Ngaropo

Ngāti Hamua

496

505 Miro Araroa

Ngāti Hikakino

561

560 Stanley Ratahi

Ngāti Hokopu - Te Hokowhitu a Tu Ki Te Rahui

665

692 Te Arani Barrett

Ngāti Maumoana Ngāti Pukeko

1,408 118 2,669

2006-2019 2005/2006

Ngai Te Rangihouhiri II

Ngāti Hokopu - Te Whare o Toroa

Hapū Distribution

2,710 Dr Joe Mason

Ngāti Rangataua

532

537 Te Kei Merito

2014/2015

$110,000

Ngāti Wharepaia

541

559 Materoa Dodd

2015/2016

$107,000

Te Kahupāke

713

711 Mihipeka Sisley

Te Pahipoto

2,261

2,283 Tuwhakairiora O’Brien

2016/2017

$110,000

Te Patuwai

1,340

1,342 Ruihi Shortland

2017/2018

$110,000

Te Tawera

905

909 Amohaere Tangitu

Warahoe

581

582 Te Rau Chapman-de Vos

Hapū to be confirmed Totals

36

36

2018/2019 $220,000 TOTAL

20,490 20,679

$2,352,000

Board & Committee Meetings BOARD/COMMITTEE

Frequency Meetings

Meetings during year

Two monthly

5

Appointments Remuneration Committee

When required

5

Audit Finance and Risk Committee

When required

5

Ngāti Awa Research and Archives Trust

Two monthly

4

Whakapapa Committee

Two monthly or when required

4

Charter Review Committee

When required

1

Kahui Kaumatua

Quarterly

4

Governance Review Committee

2

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Te Rūnanga o Ngāti Awa Board of Representatives

81

TE RŪNANGA O NGĀTI AWA

Directory of Staff

TE RŪNANGA O NGĀTI AWA Chairman Dr Hohepa Mason

Receptionist Naedene Stewart

Manahautū Leonie Simpson

Customary Fisheries Advisor Charlie Bluett

CEO Executive Assistant Andrea Kingi

Iwi Register Monica Maniapoto

Board Secretary Haley McCorkindale

Te Mānuka Tūtahi Interim Manager William Stewart/Andrea Kingi

Manager Policy and Strategy Beverley Hughes

Te Mānuka Tūtahi Pou Arataki / Ngā Kaimahi Tautoko Hare Woods Te Marunui Hotene Tame Hotene Pare Pouwhare-Akuhata Te Urupiki Paul Carolyn Fitzpatrick Mark Tutua Peti Reneti Johnny Ratema Kataraina Reneti-Panapa Hirere Ashford

Manager Identity, Language and Culture Noti Belshaw Manager Knowledge and Information Jackeline Wharewera Consents Coordinator Keri Topperwein

NGĀTI AWA GROUP HOLDINGS LTD Chairman Paul Quinn Chief Executive Officer Geoff Hamilton CEO Personal Assistant Anja Woltmann Board Secretary Glenda Stewart Financial Controller Peter Thomas

TE RŪNANGA O NGĀTI AWA | ANNUAL REPORT 2019

Finance Administrator Lynsey Mariu

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Operations Manager Bob Hudson Manager White Island Patrick O’Sullivan Manager Ngāti Awa Farm Scott Berry Manager Ngakauroa Farm Mike Learmond Manager Tumurau Farm Ngatai Hurkman

Ngāti Awa House, 4-10 Louvain Street Whakatāne 3120, PO Box 76, Whakatāne 3158 Freephone: 0800 464 284 Telephone: +64 7 307 0760 Email: runanga@Ngātiawa.iwi.nz www.ngātiawa.iwi.nz