TE OHU KAI MOANA GROUP ANNUAL REPORT for the year ended

30 September 2022

The Trustee for Te Ohu Kai Moana is:

Te Ohu Kai Moana Trustee Limited

Registered office Level 4

The Woolstore – Professional Centre

158 The Terrace

WELLINGTON

Purpose of Te Ohu Kai Moana

The purpose of Te Ohu Kai Moana is to advance the interests of iwi individually and collectively, primarily in the development of fisheries, fishing, and fisheries-related activities to ultimately benefit the members of iwi and Māori generally; further the agreements made in the Deed of Settlement; assist the Crown to discharge its obligations under the Deed of Settlement and the Treaty of Waitangi; and contribute to the achievement of an enduring settlement of the claims and grievances referred to in the Deed of Settlement.

Activities of Te Ohu Kai Moana and associated trusts and entities

The activities of Te Ohu Kai Moana Trust are governed by Te Ohu Kai Moana Trustee Limited (the Trustee), the corporate trustee for Te Ohu Kai Moana Trust.

Te Ohu Kai Moana Trustee Limited also acts as the corporate trustee for the Takutai Trust (the Māori Commercial Aquaculture Settlement Trust), established under the Māori Commercial Aquaculture Claims Settlement Act 2004. The purpose of the Takutai Trust is to receive aquaculture settlement assets from the Crown or regional councils, allocate and transfer aquaculture settlement assets to iwi aquaculture organisations, hold assets pending their allocation to iwi, determine allocation entitlement, facilitate iwi to be recognised as iwi aquaculture organisations and other matters relating to the Aquaculture Settlement.

The Trustee appoints the directors of Aotearoa Fisheries Limited (AFL), Te Pūtea Whakatupu Trustee Limited and Te Wai Māori Trustee Limited.

Te Pūtea Whakatupu Trust and Te Wai Māori Trust annual reports are available on Te Ohu Kai Moana’s website.

Financial reporting of Te Ohu Kai Moana and associated trusts and entities

This annual report is distributed to mandated iwi organisations, representative Māori organisations, recognised iwi organisations, as defined in the Māori Fisheries Act 2004, and the members of Te Kāwai Taumata. It is also available in digital format and can be downloaded from our website at www.teohu.maori.nz

For and on behalf of Te Ohu Kai Moana Trustee Limited (the Trustee)

Director Director

Date 6 December 2022

TE OHU KAI MOANA GROUP STATEMENT OF COMPREHENSIVE REVENUE AND EXPENSE for the year ended 30 September 2022

The above statement of comprehensive revenue and expense should be read in conjunction with the accompanying notes on pages 65 to 86.

TE OHU KAI MOANA GROUP STATEMENT OF CHANGES IN EQUITY for the year ended 30 September 2022

The above statement of changes in equity should be read in conjunction with the accompanying notes on pages 65 to 86.

Te Ohu Kai Moana Group Balance Sheet

as at 30 September 2022

For, and on behalf of, the Trustee, who approved and authorised these financial statements on 6 December 2022.

Rangimarie Hunia Bella Takiari-Brame CHAIRMAN DIRECTOR

The above balance sheet should be read in conjunction with the accompanying notes on pages 65 to 86.

TE OHU KAI MOANA GROUP STATEMENT OF CASH FLOWS for the year ended 30 September 2022

The above statement of cash flows should be read in conjunction with the accompanying notes on pages 65 to 86.