Head Office, Te Puna Manaaki
320 Factory Road, Te Awamutu 3840
Tiritiria te kākano ka poipoi ai he pitomata,
Kumanutia ki te tomina, ki te toitoi, ki te riaka,
Kia pu ai, kia more ai, kia weu ai, kia aka ai, kia rea ai,
Kia puāwai ai he māhure pihi rangi maiarorangi karamatamata,
Onamata whakamihia, anamata whakamaua, inamata kauawhitia.
Our Vision
He takapau mātauranga, he whānau huarewa Whānau transformation through education
Our Mission
Kia angitu te tauira Tauira success
The knowledge that our actions are morally and ethically right and that we are acting in an honourable manner.
The basis of our beliefs and the confidence that what we are doing is right.
Unity amongst iwi and other ethnicities; standing as one.
Having regard for one another and those for whom we are responsible and to whom we are accountable.
85%
of tauira reporting their use of te reo Māori had increased
26,809
tauira studied with Te Wānanga o Aotearoa in 2023
14,300 tauira studied te reo Māori in 2023
16,225 EFTS for 2023
2,787 registered participants in Mahuru Māori
3.5 million
Total downloads for Taringa, the popular podcast
300 average days of cultural leave provided each year to kaimahi
89% of tauira reported sharing their new skills and knowledge with whānau, hapū, iwi, or community
1,163 full and part-time kaimahi as at 31 December 2023
34 tauira completed He Waka Hiringa - Master of Applied Indigenous Knowledge programme
8% of tauira have a disability
57% of tauira are Māori
48% of tauira are over 40 years
78% of tauira are female
Tuia i runga, tuia i raro, tuia he kura tangihia nō maimai aroha ki a rātou mā kua nunumi atu ki te pō. Tuia ngā kaupapa, ngā haumāuiui nō houanga, ā mohoa noa nei kia rongo te ao, kia rongo te pō i ngā kōrero, i ngā wānanga e kawe nei i ngā wawata ki te anga whakamua. Onamata whakamihia, anamata whakamaua, inamata kauawhitia.
Kei n gā mana, kei ngā reo, huri i te motu, tēnā koutou katoa.
I am humbled to again, be in a position to present to you the Chairperson's report for Te Pūrongo, for the year 2023.
As we reflect on the progress we have made over the past year, I find myself filled with hope and optimism, that we, through sound decision making, will weather the turbulent times that are before us, and that together we will determine our pathway, with our tauira at heart and living into our vision, he takapau mātauranga, he whānau huarewa –whānau transformation through education.
T his year, I had the privilege of participating in various events and engaging with many of our dedicated kaimahi. Witnessing firsthand the rekindling of personal connections and the importance of whanaungatanga, reaffirmed to me the vitality of our wānanga culture and its profound impact on our collective wellbeing and therefore the wellbeing of the communities and whānau we serve.
Through the collaborative efforts of the wānanga sector and our active partnership with the Ministry of Education, we witnessed the Education and Training Amendment Bill (No 3) being read for the third time and therefore becoming an Act of Parliament. This amendment established a new Wānanga Enabling Framework that provides a unique opportunity for us to consider our future settings, at a time that is right for us. I extend my heartfelt gratitude to all who contributed to this significant milestone.
Looking ahead, our partnerships will continue to be of paramount importance, as we navigate the changing educational landscape. We will continue to collaborate where values and strategic outcomes align, as we strive to evolve while retaining the essence of our kaupapa and upholding our commitment to educational excellence.
As we progress through the refined timeline of Te Pae Tawhiti, we remain steadfast in our commitment to the 3 strategic objectives that guide our path as a wānanga:
› Offering a relevant and sustainable programme mix
› Putting our tauira at the centre
› Ensuring sustainability through educational excellence.
Given our mission of Tauira Success, our commitment to educational excellence and the importance of our connection and relationship with iwi and hapū, our kaimahi took on the responsibility of hosting the Tūwhitia! Tauira Success Symposium and co-hosting the National Iwi Chairs Forum. Supporting initiatives that bring life to our te ao Māori foundations, demonstrates our practical commitment to our vision, to our tauira and their whānau and the ongoing importance of mātauranga Māori.
T herefore, our focus on Rangahau is timely and we have gained momentum, with Te Manawahoukura emerging as a central hub for Rangahau initiatives.
Despite the lingering effects of the Covid-19 pandemic, our results for 2023 demonstrate the resilience and dedication of our kaimahi in pursuit of our organisational objectives, however the final result of 16,225 EFTS or 92.7% fell short of our investment plan target.
Financially, we ended the year with a surplus of $4.7 million, which was managed only through the careful and considered efforts of our Kaiwhakatere, Nepia Winiata, and Pouwhakahaere Tahua, Joe Valenti, and numerous kaimahi who ably sought to improve our financial end of year projection.
As we look towards our future, we are mindful of the challenges that lie ahead, including the impact of successive years where any funding increases were overshadowed by higher inflationary impacts and increasing operational costs. This has meant our ability to invest in ourselves, our people, properties and systems has been impacted.
However, inspired by the dedication of our kaimahi and the strength of our organisational culture, we approach the future with a renewed determination to design our own destiny in collaboration with aligned, values-based partners.
The success of Te Wānanga o Aotearoa comes from the contributions that our kaimahi make each and every day. I stand to acknowledge the devotion of our kaimahi, the passion they have for our tauira and their commitment to our wānanga. Through our kaimahi, progress towards our vision of whānau transformation through education is continuously realised.
Throughout 2023, the support of Te Mana Whakahaere was unwavering, providing us with a stable foundation upon which to navigate our strategic course.
I’m grateful for the knowledge and experience my fellow Te Mana Whakahaere members bring to the organisation and to the kaupapa of Te Wānanga o Aotearoa. It is a privilege once again to be a part of our wānanga journey, as we focus on continuing educational quality and relevance.
Finally, I acknowledge the leadership and loyalty from Nepia and Ngā Pouwhakahaere. Your continued generosity in sharing your time, energy, and efforts for the betterment of our wānanga is greatly appreciated.
In 2024, Peter Fletcher-Dobson steps in as Pouwhakahaere Taupārongo, heralding a new chapter filled with fresh perspectives and innovative ideas. He will join a team well placed to meet the challenges ahead, as we strengthen our unique point of difference in a changing tertiary education landscape.
Tēnā rawa atu koutou katoa.
Vanessa Eparaima Te Heamana | Chairperson
Vanessa Eparaima MNZM
Te Heamana Chairperson
Raukawa, Ngāti Tūwharetoa
Bryan Hemi
Te Heamana Tuarua
Deputy Chairperson
MBA, BE
Ngāti Kahungunu, Ngāti Koata, Samoan
Robert Gabel
Mema | Member
BA, BCom, CA
Ngāti Kahu, Te Rarawa, Te Paatu
Jon Stokes
Mema Whakatūria
Ministerial Appointment
DipJour Raukawa, Ngāti Maniapoto
Jacinta Ruru
MNZM
Mema | Member Raukawa, Ngāti Ranginui, Ngāti Maniapoto
Katie Bhreatnach
Mema | Member
LLB (Hons), BA (Hons), LLM, MInstD
Ngāti Mahuta, Ngāti Whakaue
Steve Ruru
Mema Whakatūria
Ministerial Appointment
BMS, FCA Raukawa, Ngāti Ranginui
Turi Ngatai
Mema Whakatūria
Ministerial Appointment
Ngaiterangi, Ngāti Ranginui
Nepia Winiata Kaiwhakatere Chief Executive
Tirohia ake ngā whetū, me ko Matariki e ārau ana, e kao mai nei i ngā raumahara o te tau ka mahue nei.
Me he wai whetū ki runga, he manawa whenua ki raro, kōmanawa ana he wai ki te kamo mō koutou kua riro atu ki te au tō o Matariki ki Tāhekeroa i te pō, ki Paerau kei tuahiwi o te rangi.
Ko Te Atairangikaahu ki te rangi, ko Tūheitia ki te whenua, te mauri whakakotahi i te motu, rire, rire, hau, pai mārire ki te whaiao, ki te hunga kaiao e pae nei.
E ngā pūkenga, e ngā wānanga, e ngā ringa rau o ngā hoe i ū anō ai te haere o ngā waka kawe i ngā kaupapa maha ki ngā ara rau matua i haere mai ai i roto i ngā tau, tēnā koutou. Ahakoa te pokea pākahatia o te ao i roto i ngā tau tata nei, me kore ake a manawa ū, a whakapono titikaha i tika anō ai te haere o ngā waka kia ū, kia pae ki uta. Tēnei tātou e pae nei.
Te
As chief executive of Te Wānanga o Aotearoa, I take immense pride in introducing our annual report, Te Pūrongo 2023.
Following years of disruption caused by the Covid-19 pandemic, it was a welcomed and widely celebrated sight to witness many events and activities return or go ahead with little to no interruption.
Although, due to the Auckland Anniversary floods in January, our Tāmaki Makaurau whānau were tested with the unexpected and immediate closure of our Mānukau campus in Māngere. During renovations of this campus our kaimahi and tauira alike demonstrated their resilience, pivoting their teaching and learning methods, holding strong to our value of kotahitanga. We welcomed our kaimahi, tauira, whānau, and community back into our refreshed whare in October. This campus, which has witnessed our triumphs and challenges, now stands as a symbol of our unwavering commitment to tauira success and the enduring spirit that defines our history.
The wild weather of summer 2023 also impacted both our Hawkes Bay and Gisborne whānau with Cyclone Gabrielle causing chaos in February. While our campuses in these areas were not physically affected, many of our kaimahi, tauira and their whānau suffered the devastating impacts.
Fortunately, for every challenge thrown at us this year, we’ve had many more highlights we can celebrate. We saw and embraced the return of long-awaited events such as, Te Matatini, Te Mata Wānanga and our scholarships and awards ceremony.
It was a humbling moment to see many of our kaimahi represent their hapū and iwi, performing on stage at Te Matatini, an event which as an organisation we were able to proudly sponsor.
In October, our Te Kei takiwā hosted a highly anticipated Te Mata Wānanga in Te Papaioea, after it had been put on hold for a few years due to the Covid-19 pandemic. The event saw over 340 kaimahi come together and reconnect as a whānau through friendly competition outside of the office.
We relaunched our scholarships, awarding 9 to a range of tauira across the motu who demonstrated a strong commitment to their community. I was pleased to attend the luncheon ceremony and witness firsthand some of the amazing mahi that our tauira are involved in. I take pride in knowing that we can play a part in supporting them on their continued learning journeys.
Our biggest achievement for this year was witnessing the passing ofthe Education and Training Amendment Bill (No 3) in Parliament in August. This legislation-enabling framework means we have options around autonomy and flexibility to operate in a way that better reflects our origins, our uniqueness, and our Māori worldview.
Before the bill was passed, myself and several of our kaimahi made the journey to parliament in Te Whanganuiā-Tara, where we presented our submission on the Enabling Wānanga Framework to the Education and Workforce Select Committee. The wairua we carried with us was one of aroha, manaakitanga and whanaungatanga.
2023 also allowed us the opportunity to host several external kaupapa and display our commitment to excellence.
In August we had the privilege of supporting Te Nehenehenui and Waikato-Tainui, hosting the National Iwi Chairs Forum in Te Awamutu. We held 2 pōwhiri over 2 days at our Apakura campus and at O-Tāwhao Marae where around 200 iwi leaders and their respective representatives were in attendance. This event also afforded us the time to hold a workshop with the iwi chairs to share our mix of provision and future programme developments and to understand iwi needs.
A few weeks on from the National Iwi Chairs Forum, we proudly hosted the second annual Tūwhitia Symposium themed, Tūwhitia! Tauira Success. With the support of the Tertiary Education Commission, we hosted the 2-day symposium at our Mangakōtukutuku campus in Kirikiriroa. The event was a great success, allowing tertiary experts and practitioners the chance to develop a shared understanding of how tertiary education organisations can achieve success for underserved learners in Aotearoa New Zealand.
Our commitment to Rangahau was made evident with the launch of Te Manawahoukura. Led by Dr. Rebecca Kiddle, this newly established Rangahau centre, aims to reinvigorate a culture of Rangahau by focusing on Indigenous inquiry and honouring Māori ways of knowing, doing, and being.
Following on from the pandemic, we have spent 2023 working to rebuild our tauira numbers. These efforts were hindered by the Auckland floods and the unexpected closure of our Mānukau campus for much of the year, but with the introduction of new online foundation-level te reo Māori programmes, we managed to boost enrolment numbers and showcased the ongoing interest in learning te reo Māori.
With the guidance of Te Mana Whakahaere, we continue working towards Te Pae Tawhiti to prioritise tauira success and offer a relevant and sustainable programme mix through our future programme offerings.
In 2023 we sought to refine how our organisation is structured, clarifying where responsibilities lie. By aligning portfolios and appointing directors in each uepū to facilitate day-to-day operations, Ngā Pouwhakahaere have been able to strengthen their focus on the strategic direction of the organisation.
We have welcomed many new kaimahi throughout the organisation and have farewelled those who have stepped into new opportunities, one of those being our Pouwhakahaere Taupārongo, Adam McWilliams. During Adam’s time with us, he made a significant impact on our IT department. His dedication, leadership, and expertise were key to our successful digital transformation and customer-focused approach.
We have since welcomed Peter Fletcher-Dobson into the role as Pouwhakahaere Taupārongo and I am sure with his expertise and fresh perspective we will continue to thrive in this space. I extend my sincere gratitude to Damian Rangitutia for assuming the interim role during this transitional period.
I would like to acknowledge the assistance provided by Vanessa Eparaima, the chair of Te Mana Whakahaere, and fellow members of the board for their endless support and commitment to Te Wānanga o Aotearoa and our collective vision.
Above all, I want to stress the crucial role our kaimahi play in enabling Te Wānanga o Aotearoa to maintain its position as a foremost provider of te reo Māori and cultural education in Aotearoa. I commend each and every one of them.
Nepia Winiata Kaiwhakatere | Chief Executive Officer
Nepia Winiata
Kaiwhakatere
Chief Executive
GradDipBA, MALP (Dist)
Ngāti Raukawa
Joe Valenti Pouwhakahaere Tahua
Deputy Chief Executive Finance & Operations
FCPA, BBus
Shireen Maged Pouwhakahaere Ako
Deputy Chief Executive Teaching & Learning
PhD, MEd, BEd, BA, HDE
Adam McWilliams
Pouwhakahaere Taupārongo
Deputy Chief Executive Digital & Information
MBA, PfMP, PMP, CKM
Leon Takimoana Pouwhakahaere Whanake
Deputy Chief Executive People & Culture
GradDipPsyc. BSocSci (Hons)
Professional Member of HRINZ
Ngāpuhi, Ngāti Kawa, Ngāti Hine, Ngāti Rāhiri
Glenn McKay
Pouwhakahaere Whakatairanga
Deputy Chief Executive Purpose & Relationships
MBA (Dist) Te Arawa
Lindsay Baxter
Pouwhakahaere Taumatua
De puty Chief Executive Wānanga Services
DipCPM, BIT, PMP, MEd (Dist)
“Your journey will be your own and it will look different to others. You may have bursts of progression, then years of nothing. That’s not a failure, it’s just the nature of the journey.”
Alicia Ward | Tauira
Ever since she was a young girl, Alicia Ward had a deep desire to connect with her whakapapa and immerse herself in te ao Māori.
After enrolling their fourth child into a bilingual preschool, Alicia and her husband knew it was time to start learning te reo Māori so they could kōrero Māori as a whānau.
“I remember always having a sense of longing. I knew something was missing in my life and I could feel that pull.”
Alicia’s mum encouraged her to study at Te Wānanga o Aotearoa after going on her own journey learning raranga and rongoā Māori.
In 2018, Alicia’s desire became a reality when she enrolled to study te reo Māori at Te Wānanga o Aotearoa.
“Te Wānanga o Aotearoa has opened doors for me that I thought were permanently locked. I’ve been able to help bring back te reo Māori to my whānau.”
After 5 years of study and reconnecting to her whakapapa, she has completed the level 7 Diploma in Te Pīnakitanga ki te Reo Kairangi. She was also this year’s tauira speaker, and proudly wore kākahu woven by her mum, on stage at her graduation ceremony in Ōtautahi, Christchurch.
In 2021, while on her learning haerenga at Te Wānanga o Aotearoa, Alicia was diagnosed with ADHD, but she highlights how her kaiako and fellow tauira encouraged and empowered her and how excited she was to reconnect with her Whanganui whakapapa.
“The
sky’s the limit. I’m an example – what I’ve done in the past can stay in the past. I left school at 14, and never would have imagined I would get to where I am now”.
Shauniece Edwards | Tauira
Aucklander, Shauniece Edwards could not have imagined where life would take her when she decided to enrol in Introduction to Team Leadership at Te Wānanga o Aotearoa early last year.
Employed as a support worker within the disability community, Shauniece wanted to step up into a senior kaiāwhina role but began to realise she would need to upskill. She turned to Te Wānanga o Aotearoa and has not looked back.
“I realised I wasn’t a great communicator, and some of my behaviour wasn’t how it should be for a leader. Learning helped open my mind to the diversity in society and how not everyone learns the same way. I’ve been able to learn how to understand people and their barriers better, so I can help to support them,” she says.
While it was challenging learning new patterns of behaviour, she is immensely grateful for the skills and knowledge she has attained, which has brought positive change into her life.
Shauniece secured a secondment as a team leader and has even been able to improve the communications with the team who help care for her son.
She admits that in the past she would not have held back her thoughts or criticism, but now she knows how to rephrase in a more constructive way to encourage progress and resolutions in a positive manner.
Shauniece attributes kaiako, Lucy Liu, as being the catalyst for change in her life. She describes Lucy as funny, understanding, and patient, and having a way of explaining things so tauira can understand and follow.
“She taught me in a way that I was able to learn more. There was so much knowledge I could grab and use.”
With Lucy’s support and guidance, Shauniece has been able to complete her certificate and walk the graduation stage to receive her tohu.
Shauniece now sees herself as on a never-ending journey of improvement. She has a thirst to keep learning to become a better employee, mother, wife, and friend.
To others who are considering enrolling in the leadership programme, Shauniece tells them to go for it.
“It’s self discovery. Ko wai au is really important. Learning at Te Wānanga o Aotearoa has helped me pull back the layers, learning and connecting with my whakapapa.”
Te Aroha Ngatai | Tauira
Although rongoā has always been part of Te Aroha Ngatai’s life, she once believed that she needed a qualification from a western institute to practice rongoā.
However, while studying natural health elsewhere, she always felt like something was missing. That something revealed itself when she began at Te Wānanga o Aotearoa.
“It was the wairua that was missing. I love the whānau vibe, I love the noho. For whānau like me who don’t often go back to the pā, we’re getting refreshed in the kaupapa, the tikanga. It helps me learn and grow.”
Te Aroha completed the Level 4 Certificate in Rongoā at Waiwhero campus in Rotorua, and this year, she chose to follow kaiako Sabre Puna to Napier. She now travels to Hawkes Bay once a month for the Level 5, noho-based Diploma in Rongoā.
As a busy parent with a large whānau, she found it hard making the decision to follow her kaiako, but is pleased she did, and says the programme has opened her mind to a whole new series of learning.
“I was excited to step onto a marae down there that I wouldn’t normally go to, and learn the tikanga there.”
While spending time in Hawkes Bay studying, Te Aroha saw first hand the devastation of Cyclone Gabrielle. When the opportunity arose, she used her learnings to give back to a community in need.
“For me, it’s about serving others. When I discover things, I love to share. I see the potential in others, I want to help them. If I know something that is going to tautoko them, I’ll continue to do that.”
For Te Aroha, rongoā isn’t just about the physical aspect, the balms and poultices you can make within nature, but also how healing can be holistic.
Te Aroha’s own journey with Te Wānanga o Aotearoa has become about so much more than rongoā.
By connecting with nature and learning rongoā, Te Aroha has been able to gain a deeper understanding of herself and her place in the world, and expand on the legacy she is creating for her tamariki and mokopuna.
Te reo Māori and mātauranga Māori are taonga - wānanga are given life by these taonga, and in the reciprocal nature of the Māori world, wānanga also serve to give life to te reo Māori and mātaurangaMāori.
Te Huanganui is the Outcomes Framework for Te Wānanga o Aotearoa. The title refers to the significant benefits and advantages that result from our work, in essence, the fruits of our labour.
Te Huanganui weaves a relationship between the strategic objectives of Te Wānanga o Aotearoa and our unique contribution to the people of this nation and more broadly, the nation itself. It includes our outputs, their impacts and the ultimate outcomes of our mahi.
This is the second year of reporting against the Te Wānanga o Aotearoa Investment Plan 2022-2024 that was approved by the Tertiary Education Commission for one year but extended to cover 2023.
For our 2022-2024 Investment Plan we sought to ground Te Huanganui in the context of our relationship with the Crown. To achieve this we have used the WAI 718 Waitangi Tribunal Report which formally relates the 3 principles of Te Tiriti o Waitangi, to the Government’s relationship with, and responsibility to, wānanga.
The following diagram provides a high-level representation of Te Huanganui as approved in the Te Wānanga o Aotearoa Investment Plan 2022-2024.
Protection
Wānanga and mātauranga Māori are advanced
Participation
Everyone has access to āhuatanga Māori educational opportunities
Offering a relevant and sustainable programme mix
› We have a strong footprint in the new education and training system
› We are the driving force in bicultural Aotearoa
› We are building a tradition of Rangahau that advances mātauranga Māori
Putting our tauira at the centre
› Tauira have a holistic, transformative āhuatanga Māori educational experience
› We break down barriers to provide accessible education opportunities
Partnership
We work together to achieve outcomes in bicultural Aotearoa
Ensuring sustainability through educational excellence
› Tauira achieve valued outcomes with us
› We are continuously enhancing ako teaching and learning
› We are sustainable
Wānanga and mātauranga Māori are advanced
Offering a relevant and sustainable programme mix
› We have a strong footprint in the new education and training system
› We are the driving force in bicultural Aotearoa
› We are building a tradition of Rangahau that advances mātauranga Māori
We find that the Māori process of teaching and learning known as wānanga is a taonga that is inextricably linked with te reo Māori and mātauranga Māori.
1.1
We have a strong footprint in the new education and training system
1.1.1 The mix of provision is reviewed annually to ensure quality, relevance and sustainability of programmes
1.1.2
The annual review of our mix of provision is vital to ensure the ongoing quality, relevance and sustainability of the mix of provision.
Over the last 3 years the reviews have had a significant impact on the quality of provision. Review recommendations have led to a large number of minor redevelopments and other changes to adapt existing programmes to better suit tauira needs, such as parttime and online provision.
Much progress has also been made determining the strategic priorities for the 5-year Mix of Provision and initiation of this important work programme.
Key findings from the 2023 review were the need to set the parameters of the delivery modes that make up the new tauira centric delivery model, and to ensure all existing programmes are reviewed, updated, and delivered in accordance with new standards.
In addition to this long-term planning, 8 new programmes and educational initiatives were launched in 2023 including:
› 3 ne w mātauranga Māori qualifications – He Tohu Tiaki Taonga (Level 5), He Tohu Reo Rūmaki (Level 5) and Te Ao Māori Foundation (Level 3);
› our first Adult Community Education (ACE) funded short course, Te Reo o te Tari (Level 1-2), which was co-designed with Te Nehenehenui;
› He Puke Tāngata (Level 1-2) short course co-designed for Hanga-Ara-Rau (Workforce Development Council);
› l iteracy and numeracy (Step 1 & 2) resources developed for the Te Ara Poutama (Corrections) contract;
› New Zealand Certificate in Project Management (Level 4); and
› M anahautū (Police) (Level 3-4) qualification and programme.
1.2 We are the driving force in bicultural
1.2.1 We forego tauira fee income to provide accessible language and culture programmes
1.2.2 Partner in major cultural initiatives 3 initiatives 3 initiatives 7 initiatives 5 initiatives 4 initiatives
Fees foregone is calculated by a base fee for tauira studying fee-free language and cultural programmes with an annual adjustment in accordance with the Annual Maximum Fee Movement published in the New Zealand Gazette.
Te Wānanga o Aotearoa drives biculturalism in New Zealand by providing accessible, fee-free language and cultural programmes, and by using our capability and resources to support an ecosystem of events and activities nationwide.
In 2023 9,539 tauira (6,142 EFTS) studied in fee-free te reo Māori and tikanga programmes at Te Wānanga o Aotearoa. Although tauira and EFTS levels were similar to 2022, an increase in the AMFM saw the target exceeded with $11.3 million in fees income forgone. Furthermore, Te Wānanga o Aotearoa continues to support cultural initiatives that bring life to te ao Māori. In 2023 we supported 7 major cultural initiatives, including:
› our longstanding association with the Waka Ama Sprint Nationals at Lake Karāpiro;
› i n addition to sponsorship, many of our kaimahi and tauira took to the stage or worked behind the scenes at Te Matatini;
› we have continued to grow knowledge of the customs and practices surrounding Matariki, including distributing 2,000 copies of ‘Nā Hina’ — our first maramataka;
› M ahuru Māori is a mainstay of Te Wiki o Te Reo Māori, with 2,787 registered participants committing to speak te reo Māori for a day, a week or the whole month kicking off in September;
› our bilingual Taringa podcast continues to be popular with more than 779,000 downloads throughout the year;
› we hosted Tūwhitia 2023, a tauira success symposium attended by experts and practitioners from New Zealand and all over the world; and
› we supported Te Nehenehenui and Waikato-Tainui to host the August National Iwi Chairs Forum in Te Awamutu with 200 iwi leaders and representatives in attendance.
1.3 We are building a tradition of Rangahau that advances mātauranga Māori
1.3.1 Proportion of degree kaiako with an approved Individual Rangahau Plan (IRP)
1.3.2
1.3.3 Research degrees completed 3838343517
Rangahau is grounded in te ao Māori and holds a deeper meaning than the western notion of research. It is Māori enquiry - not discovery. It is innovative, it validates Māori indigeneity and does not have to be validated externally. Please note that the result for research degree completions is interim as it is subject to validation by the TEC following submission of the final single data return in April 2024.
Te Wānanga o Aotearoa is continuing to build a tradition of Rangahau that contributes to the advancement of mātauranga Māori.
Over the last 2 years there has been a shift in focus towards building Rangahau capability through our new Centre of Rangahau Excellence - Te Manawahoukura. In line with this, Individual Rangahau Plans (IRP) were phased out in 2022 and therefore the result is 0%.
Momentum is building as Te Manawahoukura now provides a central coordination point for Rangahau, delivers initiatives to develop Rangahau capability and provides a support network for Te Wānanga o Aotearoa kaimahi undertaking Rangahau.
In 2023 this new focus has resulted in $132,539 in external research income, well exceeding the target with research projects for BRANZ, Ngā Pae o te Māramatanga, the Infrastructure Commission, New Zealand Transport Agency and a joint project with Victoria University of Wellington.
Our flagship Masters programme – He Waka Hiringa (Master of Applied Indigenous Knowledge) has a small annual intake of approximately 40 tauira. At 34 the result for research degree completions remained steady but fell short of the target.
Everyone has access to āhuatanga Māori educational opportunities
Putting our tauira at the centre
› We break down barriers to provide accessible education opportunities 2
› Tauira have a holistic, transformative āhuatanga Māori educational experience
Wānanga have had the effect of increasing the participation in tertiary education of Māori, particularly those people who would not normally participate, and wānanga have the power to create further substantial increases in Māori participation.
2.1 Tauira have a holistic, transformative āhuatanga Māori educational experience
2.1.1 Tauira report that the skills and knowledge gained helped improve their cultural identity
2.1.2 Tauira report that the skills and knowledge gained helped improve their health and wellbeing
This result is taken from the annual Graduate Survey that is used to track graduate outcomes and the broader holistic impact of studying with Te Wānanga o Aotearoa. The 2023 survey was sent via the SurveyMonkey platform to a cohort of 10,146 recent graduates with 21% (2,152) of them taking the opportunity to respond. The survey had a margin of error of 2%.
Te Wānanga o Aotearoa seeks to positively impact tauira through a holistic approach to teaching and learning. Regardless of what they study, our intention is that tauira leave us confident in who they are, where they have come from and with the skills and knowledge they need to succeed in the future.
Every year we use the Graduate Survey to track graduate outcomes and the broader holistic impact of studying with us. Due to fluctuating EFTS the survey cohort was significantly smaller in 2023 at 10,146 down from 14,083 in 2022. The response rate was also 5% less than in 2022 indicating a degree of survey fatigue.
In a year when tauira re-entered the classroom and many events and activities returned, it was pleasing to achieve a tauira satisfaction result of 90% (87% in 2022).
Also positive was the result for tauira that reported improvements in their cultural identity (76%) that exceeded the target by 1%. However, the results for improvement in health and wellbeing (71%) and improvement in career prospects (69%) missed the target.
In order to keep shifting the dial on holistic graduate outcomes we will continue to innovate our āhuatanga Māori educational experience over the plan period. This will include work on our programme offering as well as continuing to adapt as we seek to put tauira at the centre of all we do.
2.2 We break down barriers to provide accessible educational opportunities for all
2.2.1 Expected graduates at Level 1-3
Non-Māori, non-Pasifika graduates
Māori graduates
Pasifika graduates
2.2.2 Proportion of total SAC-eligible EFTS enrolled at Level 1-3
Non-Māori, non-Pasifika
Māori
Pasifika
2.2.3 Proportion of total SAC-eligible EFTS enrolled at Level 4-7 (non-degree)
Non-Māori, non-Pasifika
Māori
2.2.4 Proportion of total SAC-eligible EFTS enrolled at Level 7 (degree)
Non-Māori, non-Pasifika
2.2.5 Proportion of total SAC-eligible EFTS enrolled at Level 8-10 Non-Māori, non-Pasifika
This section provides the results for performance commitments negotiated with TEC for 2022-2024. Please note, the 2023 results are interim as they are subject to validation by the TEC following submission of the final single data return in April 2024. The 2022 results have now been updated as final.
Despite the strong recovery in EFTS numbers, graduate numbers were significantly lower in 2023 across all ethnicity groupings. This is likely due to some experimentation with delivery of a popular new foundation level te reo Māori programme (Papa Reo) that led to a low completion rate for some cohorts.
In line with fluctuating EFTS numbers, the results for the proportion of EFTS by ethnicity grouping shifted again in 2023.
With the majority of provision at sub-degree level, the results for Level 1-3 and Level 4-7 (non degree) followed the same pattern with the targets for tauira Māori exceeded by 6%, Pasifika tauira hitting the targets and non-Māori, non-Pasifika missed the targets by a small margin.
For the proportion of EFTS enrolled in degrees the results for non-Māori and non-Pasifika tauira and Pasifika tauira exceeded the targets and the results for tauira Māori missed the targets but improved by 1% on 2022.
Te Wānanga o Aotearoa only has one programme at Level 8-10 - He Waka Hiringa (Master of Applied Indigenous Knowledge). He Waka Hiringa has a small cohort of approximately 40 tauira therefore the ethnicity of one tauira has a big impact on the results for that level grouping.
We work together to achieve outcomes in bicultural Aotearoa
3
Ensuring sustainability through educational excellence
› Tauira achieve valued outcomes with us
› We are continuously enhancing Ako teaching and learning
› We are sustainable
Biculturalism is an integral part of the overall Treaty partnership. It involves both cultures existing side by side in New Zealand, each enriching and informing the other.
3.1 Tauira achieve valued outcomes with us
3.1.1
First year retention rate for tauira at Level 4-7 (non-degree)
Non-Māori, non-Pasifika graduates
Māori graduates
3.1.2
First year retention rate for tauira at Level 7 degree
Non-Māori, non-Pasifika
3.1.3
Course completion rate for tauira at Level 1-10
Non-Māori, non-Pasifika Māori
3.1.4
Progression rate for tauira at Level 1-3
Non-Māori, non-Pasifika
This section provides the results for performance commitments negotiated with TEC for 2022-2024. Please note, the 2023 results are interim as they are subject to validation by the TEC following submission of the final single data return in April 2024. The 2022 results have now been updated as final.
The targets and results for first year retention at Level 4-7 are zero as Te Wānanga o Aotearoa has no multi-year programmes at these levels.
Although the disruption of recent years continues to affect educational performance, there were several areas of notable improvement in 2023. After a year back in the classroom and a sustained organisational effort, the results for tauira Māori are particularly pleasing, with improvements recorded across all indicators.
The first year retention rate for Level 7 (degree) missed the target of 75% across all ethnicity groupings. When compared with 2022, the rate for non-Māori, non-Pasifika declined by 9%, the rate for tauira Māori improved by 13%, and the rate for Pasifika tauira held steady at 71%. Despite this there was a 13% jump for tauira Māori.
This pattern continued for course completions with the target of 78% missed across all ethnicity groupings. Although the rate for non-Māori, non-Pasifika declined, there was some good progress with completion rates for tauira Māori (3% higher than 2022) and Pasifika tauira (1% higher than 2022).
The progression rates improved for all ethnicity groupings in 2023 with the rate for tauira Māori exceeding the target by 7% and the rates for non-Māori, non-Pasifika tauira and Pasifika tauira came close but missed the target by a small margin.
Over the next 3 years we will continue to focus on developing new engaging and accessible programmes and supporting kaiako to deliver transformational learning that underpins tauira success.
3.2 We are continuously enhancing Ako teaching and learning
3.2.1 NZQA is confident in education performance and assessment practices
3.2.2
The New Zealand Qualifications Authority conducts External Evaluation and Review (EER) every 3years. In accordance with this, the 2023 result is actually the 2022 result re-reported. Indicator 3.2.2 measures the proportion of kaiako that meet the minimum qualification requirements for their role. Minimum role requirements include teaching and subject matter qualifications.
The External Evaluation and Review (EER), originally scheduled for late 2020, was completed in March 2022. In August a result of ‘confident’ in our educational performance and ‘confident’ in our capability in self-assessment was confirmed.
Although this result missed the target, the EER Report summary noted that our performance since the last EER has been impressive, with self-assessment more comprehensive and leading to positive improvements. In addition to this, other areas that require further attention are being managed effectively.
The report confirmed that tauira are realising their potential to the fullest by not only gaining skills, knowledge and qualifications but also (re)connecting to their identity as Māori; and reconnecting to education in a safe and empowering way. The report went on to say that our approach also resonates with non-Māori, who also achieve well with us.
After 3 years of disruptions caused by the pandemic the report goes on to say that tauira experience quality learning in a safe and supportive learning context. It noted that shifting to online learning was challenging for some programmes and tauira, however, the significant time, resources and training invested into the online environment has ensured that teaching and learning continued authentically and safely.
This overwhelmingly positive EER was a testament to our kaiako that stand at the forefront of our unique āhuatanga Māori educational experience.
Te Ara Kounga - the Kaiako Capability Strategy - was developed to provide common goals and objectives that support, promote, and enhance quality ako practice. A core focus for Te Ara Kounga is ensuring that we work towards 100% of kaiako having the minimum requirements for their role.
In 2023 the proportion of kaiako with the minimum quality requirements (subject and teaching qualifications) dropped significantly, as we enrolled over 1,500 EFTS into a new fully online te reo Māori programme.
The capacity and capability of the entire sector is under pressure as efforts to revitalise te reo Māori throughout Aotearoa New Zealand are met with a sustained groundswell of interest from prospective tauira. With more than 60% of provision in cultural programmes, this is a significant issue for Te Wānanga o Aotearoa.
Although this result failed to achieve the target, it underlines the challenge the organisation faces to recruit and retain a qualified workforce. This challenge is being met by a number of initiatives, including targeted professional development to lift the capability of our kaiako and improve the quality of education provided to tauira.
In 2023 Te Wānanga o Aotearoa sought to rebuild tauira numbers after 3 years of disruption.
Although efforts were hampered early on by the floods, which put the Māngere campus out of action for most of the year, a surge of interest in Papa Reo (our new online foundation level te reo Māori programme) provided a welcome boost resulting in 16,209 EFTS or 92.7% of the funded EFTS target.
Despite the EFTS shortfall, we managed to achieve a surplus of $4.7 million or 2.8% of total revenue. This was achieved through comprehensive planning, proceeds from an insurance claim and higher returns than planned on investments.
At the time of publishing this report the SDR was showing total EFTS as 16,229, however the total EFTS numbers in the following tables may differ due to rounding.
By Whare
By Outcomes
For the year ending 31 December 2023
For the 2022-2024 Investment Plan the Cost of Service for each outcome has been allocated in accordance with the following methodology:
› Pr otection covers all programmes and activity to protect and advance wānanga and mātauranga Māori.
› Pa rticipation covers all programmes and activity that provide tauira with the opportunity to participate in tertiary education regardless of age, ethnicity or academic ability.
› Pa rtnership covers all programmes and activity where we partner with others to achieve specific educational outcomes.
The Cost of Service statements include budget figures from the 2022-2024 Investment Plan that was approved on 4 August 2021, and the annual budget that was approved on 2 November 2022. These budgets differ as actual Investment Plan funding is approved on an annual basis and is subject to change.
The 2023 Cost of Service results reflect increase in enrolments for Papa Reo, unplanned revenue from an insurance payout and higher than expected interest from investments.
The following tables provide a 5 year overview of tauira demographics.
Please note that these figures may add up to more than 100% as tauira identify with more than 1 ethnicity.
Te Wānanga o Aotearoa is committed to providing open, accessible and inclusive study and employment opportunities for all. This commitment is embedded in Ngā Uara, our values that are considered as part of our policies and practices and everything we do as an organisation.
Equal Educational Opportunities
Te Wānanga o Aotearoa has a diverse tauira population unlike any other New Zealand tertiary education organisation. Of 26,809 tauira:
› 57% are Māori, 44% European, 9% Pasifika, 11% Asian;
› 75% are female and 25% male;
› 48% are over 40 years of age;
› 13% had no secondary qualifications and 35% had no prior tertiary qualification; and
› 8% have a disability.
Despite the challenges posed by such a diverse student body, we are determined to eliminate barriers to tauira success.
Our fees free policy for the majority of sub-degree qualifications is the key component of maintaining accessibility for tauira who would not normally have the financial means to undertake tertiary studies.
Part-time, home-based and online learning options provide tauira with the ability to upskill without interrupting employment or other responsibilities.
We also take pride in a values-based educational experience that connects all tauira with their identity so they can succeed in cultural, social and economic contexts.
Equal Employment Opportunities
Te Wānanga o Aotearoa is also committed to equal opportunities for our kaimahi.
In 2023 there were 1,163 full and part-time kaimahi, including a high proportion of female (71%) and Māori (65%) kaimahi.
Whānau friendly working environments and cultural leave are just some of the initiatives that we provide as we seek to ‘walk the talk’ through values-based employment policies and practices.
Reporting entity
Te Wānanga o Aotearoa is a Tertiary Education Institution domiciled in New Zealand and is governed by the Education and Training Act 2020 and the Crown Entities Act 2004.
The primary purpose of Te Wānanga o Aotearoa is to provide tertiary education and it has designated itself as a public sector public benefit entity for the purposes of financial reporting.
The Statement of Service Performance of Te Wānanga o Aotearoa is for the year ended 31 December 2023. The Statement was authorised for issue by Te Mana Whakahaere on 3 April 2024.
Basis of preparation
Statement of compliance
The Statement of Service Performance of Te Wānanga o Aotearoa has been prepared in accordance with the requirements of the Education and Training Act 2020 and the Crown Entities Act 2004, which include the requirements to comply with New Zealand generally accepted accounting practice (NZ GAAP).
The Statement of Service Performance has been prepared in accordance with Tier 1 PBE financial reporting standards, which have been applied consistently throughout the period, and complies with PBE financial reporting standards.
Critical reporting judgements, estimates and assumptions
In preparing the Statement of Service Performance, Te Wānanga o Aotearoa has made judgements on the application of reporting standards and has made estimates and assumptions concerning the future. The estimates and assumptions may differ from subsequent actual results. The main judgements, estimates and assumptions are discussed below:
Enrolment measures
Measures based on enrolments are extracted from internal systems based on finalised year-end figures. These are reconciled to the Single Data Return (SDR) submitted to the Tertiary Education Commission in January, which is the final year-end enrolments report to be submitted and is used for funding and statistical purposes by government.
In certain circumstances, tables based on enrolment percentages do not add to 100%. This is because a Māori or Pasifika student can identify as both. As a result, these students appear in both statistics.
Educational Performance Indicators
Certain reported results for the year are based on raw data that has yet to be refined by and reconciled with the Tertiary Education Commission, and which will not be finalised until after the statutory deadline for the preparation and audit of the Statement of Service Performance.
These results are in relation to successful course completion rates, first year retention rates and number of research degree completions.
The reporting of these measures for the current year uses the latest information available to Te Wānanga o Aotearoa at the time of preparation of the Annual Report. The comparatives for the prior years have been updated to show the final confirmed result.
Service Performance Information
The Statement of Service Performance is included in pages 32 to 46 of Te Pūrongo.
For the 2022-2024 Investment Plan Te Wānanga o Aotearoa revised the outcome frameworks of Te Huanganui within the context of a relationship with the Crown, with 3 new outcomes that are based on Te Tiriti o Waitangi principles of protection, participation and partnership.
The Statement of Service Performance now includes 8 output measures that are intended to provide a coherent pathway towards achievement of the impacts and outcomes of Te Huanganui.
In addition to this, the Tertiary Education Commission Investment Plan Education Performance Indicators now sit within the Statement of Service Performance.
In the financial year ended 31 December 2023, Te Mana Whakahaere (the Council) and the management of Te Wānanga o Aotearoa were responsible for:
› preparation of the annual financial statements and statement of service performance and the judgements used in them; and
›establishing and maintaining a system of internal control designed to provide reasonable assurance as to the integrity and reliability of financial reporting and nonfinancial reporting.
In the opinion of Te Mana Whakahaere and management of Te Wānanga o Aotearoa, the financial statements and statement of service performance fairly reflect the financial position and operations of Te Wānanga o Aotearoa for the year ended 31 December 2023.
To the readers of these financial statements and statement of service performance of Te Wānanga o Aotearoa for the year ended 31 December 2023.
The Auditor-General is the auditor of Te Wānanga o Aotearoa (the Wānanga). The Auditor-General has appointed me, Leon Pieterse, using the staff and resources of Audit New Zealand, to carry out the audit of the financial statements and statement of service performance of Te Wānanga o Aotearoa on his behalf.
Opinion
We have audited:
› t he financial statements of the Wānanga on pages 58 to 60 and 64 to 117, that comprise the statement of financial position as at 31 December 2023, the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year ended on that date and the notes to the financial statements that include accounting policies and other explanatory information; and
› t he statement of service performance of the Wānanga on pages 30 to 51 and 55 and 56.
In our opinion:
› the financial statements of the Wānanga pages 58 to 60 and 64 to 117:
› present fairly, in all material respects:
› it s financial position as at 31 December 2023; and
› its financial performance and cash flows for t he year then ended; and
› comply with generally accepted accounting practice in New Zealand in accordance with Public Benefit Entity Reporting Standards; and
› the statement of service performance on pages 30 to 51 and 55 and 56:
› presents fairly, in all material respects, the service performance achievements of the Wānanga as compared with the forecast outcomes included in the investment plan for the year ended 31 December 2023; and
› complies with generally accepted accounting practice in New Zealand.
Our audit was completed on 26 April 2024. This is the date at which our opinion is expressed.
The basis for our opinion is explained below. In addition, we outline the responsibilities of Te Mana Whakahaere and our responsibilities relating to the financial statements and the statement of service performance, we comment on other information, and we explain our independence.
We carried out our audit in accordance with the AuditorGeneral’s Auditing Standards, which incorporate the Professional and Ethical Standards and the International Standards on Auditing (New Zealand) issued by the New Zealand Auditing and Assurance Standards Board. Our responsibilities under those standards are further described in the Responsibilities of the auditor section of our report.
We have fulfilled our responsibilities in accordance with the Auditor-General’s Auditing Standards.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Responsibilities of Te Mana Whakahaere for the financial statements and the statement of service performance
Te Mana Whakahaere is responsible on behalf of the Wānanga for preparing financial statements that are fairly presented and that comply with generally accepted accounting practice in New Zealand.
Te Mana Whakahaere is also responsible on behalf of the Wānanga for preparing a statement of service performance that is fairly presented and that complies with generally accepted accounting practice in New Zealand.
Te Mana Whakahaere is responsible for such internal control as it determines is necessary to enable it to prepare financial statements and a statement of service performance that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements and the statement of service performance, Te Mana Whakahaere is responsible on behalf of the Wānanga for assessing ability of the Wānanga to continue as a going concern.
Te Mana Whakahaere is also responsible for disclosing, as applicable, matters related to going concern and using the going concern basis of accounting, unless Te Mana Whakahaere intends to liquidate the Wānanga or to cease operations, or has no realistic alternative but to do so.
The responsibilities of Te Mana Whakahaere arise from the Education and Training Act 2020 and the Crown Entities Act 2004.
Responsibilities of the auditor for the audit of the financial statements and the statement of service performance
Our objectives are to obtain reasonable assurance about whether the financial statements and the statement of service performance, as a whole, are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit carried out in accordance with the Auditor-General’s Auditing Standards will always detect a material misstatement when it exists. Misstatements are differences or omissions of amounts or disclosures, and can arise from fraud or error. Misstatements are considered material if, individually or in the aggregate, they could reasonably be expected to influence the decisions of readers taken on the basis of these financial statements and statement of service performance.
For the budget information reported in the financial statements and the statement of service performance, our procedures were limited to checking that the information agreed to the investment plan of the Wānanga.
We did not evaluate the security and controls over the electronic publication of the financial statements and the statement of service performance.
As part of an audit in accordance with the Auditor-General’s Auditing Standards, we exercise professional judgement and maintain professional scepticism throughout the audit. Also:
› We identify and assess the risks of material misstatement of the financial statements and the statement of service performance, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
› We obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal controls implemented by the Wānanga.
› We evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Te Mana Whakahaere.
› We evaluate the appropriateness of the reported performance information within the performance reporting framework of the Wānanga.
› We conclude on the appropriateness of the use of the going concern basis of accounting by Te Mana Whakahaere and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Wānanga to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements and the statement of service performance or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Wānanga to cease to continue as a going concern.
› We evaluate the overall presentation, structure and content of the financial statements and the statement of service performance, including the disclosures, and whether the financial statements and the statement of service performance represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with Te Mana Whakahaere regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Our responsibilities arise from the Public Audit Act 2001.
Te Mana Whakahaere is responsible for the other information. The other information comprises the information included on pages 1 to 29, 52 to 54 and 118 to 119 but does not include the financial statements and the statement of service performance, and our auditor’s report thereon.
Our opinion on the financial statements and the statement of service performance does not cover the other information and we do not express any form of audit opinion or assurance conclusion thereon.
In connection with our audit of the financial statements and the statement of service performance, our responsibility is to read the other information. In doing so, we consider whether the other information is materially inconsistent with the financial statements and the statement of service performance, or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If, based on our work, 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.
We are independent of the Wānanga in accordance with the independence requirements of the Auditor-General’s Auditing Standards, which incorporate the independence requirements of Professional and Ethical Standard 1 International Code of Ethics for Assurance Practitioners (including International Independence Standards) (New Zealand) (PES 1) issued by the New Zealand Auditing and Assurance Standards Board.
Other than the audit, we have no relationship with or interests in the Wānanga.
Leon Pieterse Audit New Zealand
On behalf of the Auditor-General Hamilton, New Zealand
| For the year ended 31 December 2023
Explanations of major variances against budget are provided in note 23. The accompanying notes form an integrated part of these financial statements.
For the year ended 31 December 2023
The accompanying notes form an integrated part of these financial statements.
For the year ended 31 December 2023
Explanations of major variances against budget are provided in note 23.
The accompanying notes form an integrated part of these financial statements.
continued | For the year ended 31 December 2023
Reconciliation of net surplus/(deficit) after tax to net cash flow from operating activities
| For the year ended 31 December 2023
1. Statement of accounting policies for the year ended 31 December 2023
1.1 Reporting entity
Te Wānanga o Aotearoa is a Tertiary Education Institution domiciled and operating in New Zealand. The relevant legislation governing Te Wānanga o Aoteaora operations includes the Crown Entities Act 2004 and the Education and Training Act 2020.
The primary purpose of Te Wānanga o Aotearoa is to provide tertiary education and it has designated itself as a public sector public benefit entity for the purposes of financial reporting.
The financial statements cover all of the activities pertaining to an educational and research institution including but not limited to:
› T he provision of student services and the facilitating of student activities, including scholarships;
› T he activities of a researcher, developer, publisher, property owner, occupier including tenant or landlord, trustee, provider of accommodation, early childhood services, conferences, exhibitions, recreation facilities, sponsorship and hireage; and
› A ny other activity or occupation incidental to an educational and research institution.
The financial statements of Te Wānanga o Aotearoa are for the year ended 31 December 2023. The financial statements were authorised for issue on 26 April 2024 by Te Mana Whakahaere.
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 the opening statements of financial position and reporting period to 31 December 2023, unless otherwise stated.
2.1 Basis of preparation
The financial statements have been prepared on the going concern basis, and the accounting policies have been applied consistently throughout the period.
Statement of compliance
The financial statements and service performance information comply with Public Benefit Entity International Public Sector Accounting Stanadards ("PBE IPSAS") for Tier 1 entities.
The financial statements of Te Wānanga o Aotearoa have been prepared in accordance with the requirements of the Crown Entities Act 2004 and the Education and Training Act 2020, which includes the requirement to comply with New Zealand generally accepted accounting practice (NZGAAP). They comply with PBE IPSAS and other applicable Financial Reporting Standards, as appropriate for Tier 1 public sector public benefit entities.
Measurement base
The financial statements have been prepared on a historical cost basis except where modified by the revaluation of artwork, land and buildings.
Functional and presentation currency
The financial statements are presented in New Zealand dollars and all values are rounded to the nearest thousand dollars ($'000).
The functional currency of Te Wānanga o Aotearoa is New Zealand dollars.
There has been no change in the functional currency of Te Wānanga o Aotearoa during the year.
There have been no changes to the cost allocation methodology since the date of the last audited financial statements.
New amendment applied
2022 Omnibus Amendments to PBE Standards, issued June 2022
The 2022 Omnibus Amendments include several general updates and amendments to several Tier 1 and Tier 2 PBE accounting standards, effective for reporting periods starting 1 January 2023. Te Wānanga o Aotearoa has adopted the revised PBE standards, and the adoption did not result in any significant impact on the financial statements.
Standards, amendments, and interpretations issued that are not yet effective and have not been early adopted
Standards, amendments, and interpretations issued but not yet effective that have not been early adopted, and which are relevant to Te Wānanga o Aotearoa, are:
Disclosure of Fees for Audit Firms’ Services (Amendments to PBE IPSAS 1)
Amendments change the required disclosures for fees relating to services provided by the audit or review provider, including a requirement to disaggregate the fees into specified categories. The amendments to PBE IPSAS 1 aim to address concerns about the quality and consistency of
For the year ended 31 December 2023
2. Summary of significant accounting policies (continued)
disclosures an entity provides about fees paid to its audit or review firm for different types of services. The enhanced disclosures are expected to improve the transparency and consistency of disclosures about fees paid to an entity’s audit or review firm. This is effective for the year ended 31 December 2024.
Te Wānanga o Aotearoa has not yet assessed in detail the impact of these amendments.
2.2 Goods and Services Tax (GST)
All items in the financial statements are stated exclusive of GST, except for receivables and payables, which are presented on a GST inclusive basis.
Where GST is not recoverable as input tax, it is recognised as part of the related asset or expense.
The net amount of GST recoverable from or payable to the Inland Revenue (IRD) is included as part of receivables or payables in the statement of financial position.
The net GST paid to or received from the IRD, including the GST relating to investing and financing activities, is classified as an operating cash flow in the statement of cash flows.
Commitments and contingencies are disclosed exclusive of GST.
2.3 Cost allocation
The cost of service for each significant activity of Te Wānanga o Aotearoa has been derived using the cost allocation outlined below. Direct costs are those costs directly attributable to a significant activity. Indirect costs are those costs that cannot be identified in an economically feasible manner with a specific activity. Direct costs are charged directly to the significant activity. Indirect costs are charged to significant activities using the appropriate cost drivers.
2.4 Key judgements, estimates and assumptions
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, revenue and expenses. Actual results may differ from those estimates. Estimates and underlying assumptions
are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected.
The following items have been included in the financial statements as a result of key judgements or estimates:
Distinction between revenue and capital contribution:
Most Crown funding received is operational in nature. Thus it is provided by the Crown under the authority of an expense appropriation and is recognised as revenue. Where funding is received from the Crown under the authority of a capital appropriation, Te Wānanga o Aotearoa accounts for the funding as a capital contribution directly in accumulated funds.
Estimation of useful lives of assets:
The estimation of the useful lives of assets has been based on historical experience as well as the manufacturers' warranties (for plant and equipment), lease terms (for leased equipment) and turnover policies (for motor vehicles). In addition, the condition of each asset is assessed at least once per year and considered against the remaining useful life. Adjustments to useful lives are made when considered necessary.
Property revaluations:
Note 13 provides information about the estimates and assumptions exercised in the measurement of revalued land and buildings.
Accounting policy
Revenue is measured at fair value. The specific accounting policies for significant revenue items are explained below:
Delivery on the New Zealand Qualifications and Credentials Framework (NZQCF) based funding (previously SAC funding) The main source of operational funding for Te Wānanga o Aotearoa is the delivery on the NZQCF based funding from the Tertiary Education Commission (TEC). Te Wānanga o Aotearoa considers this funding to be non-exchange and recognises it as revenue when the course withdrawal date has passed, based on the number of eligible students enrolled in the course at the date and the value of the course.
Rental revenue
Rental revenue is recognised in the surplus/(deficit) on an accrual basis.
For the year ended 31 December 2023
3. Revenue (continued)
Interest revenue
Interest revenue is recognised by applying the effective interest rate to the gross carrying amount of the financial asset. Interest revenue on financial assets classified as amortised cost or fair value through other comprehensive revenue and expense is accrued using the effective interest method.
The effective interest rate exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset’s net carrying amount. The method applies this rate to the principal outstanding to determine interest revenue each period. This means interest is allocated at a constant rate of return over the expected life of the financial instrument based on the estimated cash flows. Interest revenue on financial assets classified as fair value through surplus/(deficit) is recognised as it accrues.
Dividend revenue
Dividends are recognised when the right to receive payment has been established.
Contract revenue
Certain contract revenue is accounted for as an exchange transaction and is recognised on percentage of completion basis.
Other government grants
Funding is received from the TEC in relation to costs expected to be incurred by Te Wānanga o Aotearoa to complete specific projects agreed between the TEC and Te Wānanga o Aotearoa. Other grants are recognised as revenue when they become receivable unless there is an obligation in substance to return the funds if conditions of the grant are not met. If there is such an obligation, the grants are initially recorded as grants received in advance and then recognised as revenue when the conditions of the grant are satisfied.
Tauira tuition fees
Domestic tauira tuition fees are subsidised by government funding and are considered non-exchange. Revenue is recognised when the course withdrawal date has passed, which is when a student is no longer entitled to a refund for withdrawing from the course.
Fees-free revenue
Te Wānanga o Aotearoa considers fees-free revenue to be non-exchange revenue and recognises revenue when the course withdrawal date for an eligible student has passed. Te Wānanga o Aotearoa has presented funding received for fees-free as part of tuition fees. This is on the basis that receipts from the TEC are for payment on behalf of the student as specified in the relevant funding mechanism.
Te Wānanga o Aotearoa considers PBRF funding to be non-exchange in nature. PBRF funding is specifically identified by the TEC as being for a funding period as required by section 425 of the Education and Training Act 2020. Te Wānanga o Aotearoa recognises its confirmed allocation of PBRF funding at the commencement of the specified funding period, which is the same as the financial year of Te Wānanga o Aotearoa. PBRF revenue is measured based on the funding entitlement of Te Wānanga o Aotearoa adjusted for any expected adjustments as part of the final wash-up process. Indicative funding for future periods is not recognised until confirmed for that future period.
For a non-exchange research contract, the total funding receivable under the contract is recognised as revenue immediately, unless there are substantive conditions in the contract. If there are substantive conditions, revenue is recognised when the conditions are satisfied. A condition could include the requirement to complete research to the satisfaction of the funder to retain funding or return unspent funds. Revenue for future periods is not recognised where the contract contains substantive termination provisions for failure to comply with the requirements of the contract. Conditions and termination provisions need to be substantive, which is assessed by considering factors such as contract monitoring mechanisms of the funder and the past practice of the funder.
Certain contract revenue is accounted for as a non exchange transaction and is recognised as revenue immediately based on hours of delivery each month unless there are substantive conditions in the contract. If there are substantive conditions, revenue is recognised when the conditions are satisfied.
statements | For the year ended 31 December 2023
Revenue (continued)
* Contract revenue relates to licences and subcontracting arrangements. ** Miscellaneous revenue includes insurance proceeds, childcare grants and fees and lease income.
statements | For the year ended 31 December 2023
4. Kaimahi costs
Accounting Policy
Superannuation schemes
Employer contributions to KiwiSaver are accounted for as defined contribution schemes and are recognised as an expense in the surplus/(deficit) when incurred.
*Employer contributions to defined contribution plans include contributions to KiwiSaver.
| For the year ended 31 December 2023
4. Kaimahi costs (continued)
As per Crowns Entities Act 2004 Section 152(c): Employee remuneration
Total remuneration received that is or exceeds $100,000:
As per Crown's Entities Act 2004 Section 152(d): During the year end 31 December 2023, 22 employees received compensation and other benefits totalling $402,259 in relation to cessation (2022: 26 employees amounting to $302,962).
There have been no additional payments made to committee members appointed by the Board who are not Board members and no Board members received compensation or other benefits in relation to cessation during the year ending 31 December 2023.(2022: nil)
statements | For the year ended 31 December 2023
Accounting policy
Scholarships
Scholarships awarded by Te Wānanga o Aotearoa that reduce the amount of tuition fees payable by the student are accounted for as an expense and not offset against student tuition fees revenue.
Operating leases
An operating lease is a lease that does not transfer substantially all the risks and rewards incidental to ownership of an asset to the lessee. Lease payments under an operating lease are recognised as an expense on a straight-line basis over the lease term. Lease incentives received are recognised in the surplus/(deficit) as a reduction of rental expense over the lease term.
*The fees paid to audit firms for internal audits were for planning and undertaking internal audits.
statements | For the year ended 31 December 2023
6. Cash and cash equivalents
Accounting policy
Cash and cash equivalents includes cash at bank and in hand, deposits held at call and short term deposits with an original maturity of three months or less.
term deposits maturing within 3 months from date of acquisitions
cash and cash equivalents
While cash and cash equivalents at 31 December 2023 are subject to the expected credit loss requirement of PBE IPSAS 41, no loss allowance has been recognised because the estimated loss allowance for credit loss is trivial.
There are no restrictions over any of the cash and cash equivalent balances held by Te Wānanga o Aotearoa at 31 December 2023 (2022: nil).
-
| For the year ended 31 December 2023
7. Tauira and other receivables
Accounting policy
Tauira fees and other receivables are recorded at the amount due, less an allowance for expected credit losses. Te Wānanga o Aotearoa applies the simplified expected credit loss model of recognising lifetime expected credit losses for receivables.
In measuring expected credit losses, tauira fees and other receivables have been assessed on a collective basis as they possess shared credit risk characteristics. They have been grouped based on the days past due.
Tauira fees and other receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include the debtor being in liquidation.
The expected credit loss rates for receivables at 31 December 2023 are based on the following:
› De bt is over $150
› Age of debt is over 365 days
› Automatic Payment's stopped and minimal or no contact with Te Wānanga o Aotearoa or collection agency around debt
There have been no changes in the estimation technique or significant assumptions used in measuring the loss allowance.
statements | For the year ended 31 December 2023
7. Tauira and other receivables (continued)
(a)
Other receivables are non-interest bearing and receipt is normally on short term of 30 day terms. Therefore the carrying value of other receivables approximates their fair value.
Tauira receivables are non-interest bearing and receipt is normally on enrolment and no later than graduation. Therefore the carrying value of tauira receivables approximates their fair value.
The carrying amount of receivables that would otherwise be past due or impaired and whose terms have been renegotiated is nil (2022: nil).
All receivables greater than 30 days in age are considered to be past due.
The impairment provision has been calculated based on expected losses for Te Wānanga o Aotearoa and the pool of receivables.
Expected losses have been determined based on an analysis of losses for Te Wānanga o Aotearoa in previous periods and a review of specific receivables.
| For the year ended 31 December 2023
7. Tauira and other receivables (continued)
Other impaired receivables have been determined to be impaired because of the significant financial difficulties being experienced by the debtor.
Movements in the allowance for credit losses are as follows:
Te Wānanga o Aotearoa holds no collateral as security as other credit enhancements over receivables that are either past due or impaired.
8. Inventory
Accounting policy
Inventories held for distribution or consumption in the provision of services that are not issued on a commercial basis are measured at the cost, adjusted for any loss of service potential.
› I nventories acquired through non-exchange transactions are measured at fair value at the date of acquisition.
›I nventories held for use in the provision of goods and services on a commercial basis are valued at the lower of cost and net realisable value.
The cost of purchased inventory is determined as follows:
›Inventories held for resale – purchase cost is on a weighted average cost
› Materials and consumables to be utilised for rendering of services – purchase cost is on a first-in, first-out basis.
The amount of any write-down for the loss of service potential or from cost to net realisable value is recognised in the surplus/(deficit) in the period of the write-down.
| For the year ended 31 December 2023
8. Inventory (continued)
Inventories are made up of consumables and inventories held for distribution to takiwā. Consumables are materials or supplies which will be consumed in conjunction with the delivery of services and predominantly comprise of books and resources used in the teaching of courses to tauira.
Inventory consumed for Te Wānanga o Aotearoa in 2023 is $3.4m (2022: $2.9m). These figures form part of tauira resources which is disclosed in note 5, other expenses.
The write-down of inventories held for distribution due to tauira resources being revised and redeveloped amounted to $0.07m in 2023 (2022: $0.11m). There have been no reversals of write-downs in 2023 (2022: nil).
No provision made for the inventories held for distribution due to tauira resources being revised and redeveloped (2022: nil)
No inventories are pledged as security for liabilities (2022: nil).
| For the year ended 31 December 2023
Financial assets are initially recognised at fair value plus transaction costs unless they are carried at fair value through surplus/(deficit) in which case the transaction costs are recognised in the surplus/(deficit). Purchases and sales of financial assets are recognised on tradedate, the date on which Te Wānanga o Aotearoa commits to purchase or sell the asset. Financial assets are derecognised when the rights to receive cash flows from the financial assets have expired or have been transferred and Te Wānanga o Aotearoa has transferred substantially all the risks and rewards of ownership.
Term deposits are initially measured at the amount invested. Where applicable, interest is subsequently accrued and added to the investment balance. A loss allowance for expected credit losses is recognised if the estimated loss allowance is not trivial.
At year end, term deposits are assessed for indicators of impairment. If they are impaired, the amount not expected to be collected is recognised in the surplus/(deficit).
The managed fund is a portfolio of financial assets that are actively traded with the intention of making profits. Therefore, the managed fund is measured at fair value through surplus/(deficit).
After initial recognition, the managed fund is measured at fair value, with gains and losses recognised in the surplus/ (deficit).
Financial assets are classified into the following categories for the purpose of measurement:
› f air value through surplus/(deficit);
› a mortised cost;
› f air value through other comprehensive income.
The classification of a financial asset depends on the purpose for which the instrument was acquired.
Financial assets at fair value through surplus/(deficit)
Financial assets at fair value through surplus/(deficit) include financial assets held for trading. A financial asset is classified in this category if acquired principally for the purpose of selling in the short-term or is part of a portfolio that are managed together and for which there is evidence of short-term profit taking. Derivatives are also categorised as held for trading.
Financial assets acquired principally for the purpose of selling in the short-term or part of a portfolio classified as held for trading are classified as a current asset.
After initial recognition, financial assets in this category are measured at their fair values with gains or losses on remeasurement recognised in the surplus/(deficit).
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. A gain or loss on a debt investment is subsequently measured at amortised cost and is not part of a hedging relationship is recognised in surplus/(deficit) when the asset is derecognised or impaired.
Fair value through other comprehensive revenue and expense
Financial assets at fair value through other comprehensive revenue and expense are those that are designated into the category at initial recognition or are not classified in any of the other categories above. They are included in non-current assets unless management intends to dispose of, or realise, the investment within 12 months of balance date. Te Wānanga o Aotearoa includes in this category:
› investments that it intends to hold long-term but which may be realised before maturity; and
› sh areholdings that it holds for strategic purposes.
After initial recognition, these investments are measured at their fair value, with gains and losses recognised in other comprehensive revenue and expense, except for impairment losses, which are recognised in the surplus/(deficit).
On derecognition, the cumulative gain or loss previously recognised in other comprehensive revenue and expense is reclassified from equity to the surplus/(deficit).
statements | For the year ended 31 December 2023
9. Other financial assets (continued)
Impairment of financial assets
At each balance date, Te Wānanga o Aotearoa assesses whether there is any objective evidence that a financial asset or group of financial assets is impaired. Any impairment losses are recognised in the surplus/(deficit).
deposits with maturities >3 months and <12 months
Fair value
Term deposits
Te Wānanga o Aotearoa considers there has not been a significant increase in credit risk for investments in term deposits because the issuer of the investment continues to have low credit risk at balance date. Term deposits are held with banks that have a long-term AA- investment grade credit rating, which indicates the bank has a very strong capacity to meet its financial commitments.
No loss allowance for expected credit losses has been recognised because the estimated 12 month expected loss allowance for credit losses is trivial.
The carrying amount of term deposits approximates their fair value.
The weighted average effective interest rate for term deposits is 6.13% (2022: 3.5%).
statements | For the year ended 31 December 2023
9. Other financial assets (continued)
The managed fund is measured at fair value and consists of listed shares and listed bonds. The fair value of the managed fund investments is determined using quoted market bid prices from independently sourced market information. Therefore, the carrying value of managed funds approximates their fair value.
statements | For the year ended 31 December 2023
9. Other financial assets (continued)
Losses in market value of investments
Impairment
There were no impairment provisions for other financial assets. None of the financial assets are either past due or impaired.
statements | For the year ended 31 December 2023
Accounting policy
Short-term creditors and other payables are recorded at their face value.
and deferred revenue under non-exchange transactions
Creditors and other payables are non-interest bearing and are normally settled on terms varying between 7 days and 20th of the month following invoice date. Therefore, the carrying value of trade and other payables approximates their fair value.
Deferred non-exchange revenue relates to grants and donations received to which there are stipulated conditions attached.
Non-exchange revenue in relation to this balance is recognised at the point-in-time as each stipulated condition is met.
For terms and conditions relating to related parties payables, refer to note 18, related party disclosure.
| For the year ended 31 December 2023
11. Kaimahi entitlements
Accounting policy
Short-term kaimahi entitlements
Kaimahi entitlements that Te Wānanga o Aotearoa expects to be settled within 12 months of balance date are measured at nominal values based on accrued entitlements at current rates of pay. These include salaries and wages accrued up to balance date, annual leave earned, but not yet taken at balance date and sick leave.
Te Wānanga o Aotearoa recognises a liability for sick leave to the extent that compensated absences in the coming year are expected to be greater than the sick leave entitlements earned in the coming year. The amount is calculated based on the unused sick leave entitlement that can be carried forward at balance date to the extent Te Wānanga o Aotearoa anticipates it will be used by staff to cover those future absences.
Superannuation schemes
Obligations for contributions to KiwiSaver are accounted for as defined contribution superannuation schemes and are recognised as an expense in the surplus/(deficit) when incurred.
statements | For the year ended 31 December 2023
Accounting policy
A provision is recognised for future expenditure of uncertain amount or timing when there is a present obligation (either legal or constructive) as a result of a past event; it is probable that an outflow of future economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.
Lease make-good
The lease make-good provision is based on an estimate of future costs to restore leased premises back to the condition when the lease period commenced.
In respect of a number of leased premises, Te Wānanga o Aotearoa is required at the expiry of the lease term to makegood any fixtures or fittings installed in the premises. In many cases, Te Wānanga o Aotearoa has the option to renew these leases, which impacts on the timing of expected cash outflows to make-good the premises.
The cash flows associated with the non-current portion of the lease make-good provision are expected to occur in January-February 2025, April 2025, August-September 2025, December 2025, November-December 2026, December 2027, May 2028 and December 2028. Information about Te Wānanga o Aotearoa leasing arrangements are disclosed in note 21, capital commitments and operating leases.
| For the year ended 31 December 2023
13. Property, plant and equipment
Accounting policy
Property, plant and equipment asset classes consist of land and buildings, leasehold improvements, furniture and equipment, computers, motor vehicles, waka, library books and artwork. Items of property, plant and equipment are initially measured at cost, except those acquired through non-exchange transactions which are instead measured at fair value as their deemed cost at initial recognition.
Items of property, plant and equipment are subsequently measured under the following:
›Buildings are measured at cost or valuation less subsequent accumulated depreciation.
›Land and artwork are stated at cost or valuation and are not depreciated.
›All other asset classes are stated at cost less accumulated depreciation and impairment losses.
›Items of property, plant and equipment that have been acquired through non-exchange transactions are measured at fair value.
Land, buildings and artwork are revalued with sufficient regularity to ensure that the carrying amount does not differ materially from fair value and at least every 3 years for land and buildings and at least every 5 years for artwork.
The carrying values of revalued classes are assessed annually to ensure that they do not differ materially from fair value. If there is evidence supporting a material difference, then the off-cycle asset classes are revalued.
Property, plant and equipment revaluation movements are accounted for on a class-of-asset basis.
The net revaluation results are credited or debited to other comprehensive revenue and expense and are accumulated to an asset revaluation reserve in equity for that class of asset. Where this would result in a debit balance in the asset revaluation reserve this balance is not recognised in other comprehensive revenue and expense but is recognised in the surplus/(deficit). Any subsequent increase on revaluation that reverses a previous decrease in value recognised in the surplus/(deficit) will be recognised first in the surplus or deficit up to the amount previously expensed, and then recognised in other comprehensive revenue and expense.
The cost of an item of property, plant and equipment is recognised as an asset if, and only if, it is probable that future economic benefits or service potential associated with the item will flow to Te Wānanga o Aotearoa and the cost of the item can be measured reliably.
Work in progress is recognised at cost less impairment and is not depreciated.
In most instances, an item of property, plant and equipment is initially recognised at its cost. Where an asset is acquired through a non-exchange transaction, it is recognised at its fair value and as at the date of acquisition.
(iii)
Gains and losses on disposals are determined by comparing the proceeds with the carrying value of the asset. Gains and losses on disposals are recognised in the surplus/(deficit).
When revalued assets are sold, the amounts included in the revaluation reserve in respect of those assets are transferred to accumulated surplus/(deficit) within equity.
(iv)
Costs incurred subsequent to initial acquisition are capitalised only when it is probable that future economic benefits or service potential associated with the item will flow to Te Wānanga o Aotearoa and the cost of the item can be measured reliably.
The costs of day-to-day servicing of property, plant and equipment are recognised in the surplus/(deficit) as they are incurred.
(v)
Depreciation is provided on a straight-line basis on all property, plant and equipment (excluding land and artwork) at rates that will write-off the cost (or valuation) of the assets to their estimated residual values over their useful lives.
| For the year ended 31 December 2023
(continued)
The useful lives and associated depreciation rates of major classes of assets have been estimated as follows:
Leasehold improvements
Expiry of lease including renewal
Leasehold improvements are depreciated over the noncancellable period for which Te Wānanga o Aotearoa has contracted to lease the asset together with any further terms for which Te Wānanga o Aotearoa has the option to continue to lease the asset.
The residual value and useful life of an asset is reviewed, and adjusted if applicable, at each financial year end.
(vi) Impairment
Te Wānanga o Aotearoa does not hold any cash-generating assets. Assets are considered cash-generating where their primary objective is to generate a commercial return.
Property, plant, and equipment are reviewed for impairment at each balance date and whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset’s carrying amount exceeds its recoverable service amount. The recoverable service amount is the higher of an asset’s fair value less costs to sell and value in use.
Value in use is the present value of an asset's remaining service potential. It is determined using an approach based on either a depreciated replacement cost approach, a restoration cost approach, or a service units approach. The most appropriate approach used to measure value in use depends on the nature of the impairment and availability of information.
If an asset’s carrying amount exceeds its recoverable service amount, the asset is considered to be impaired and the carrying amount is written-down to the recoverable service amount. For revalued assets, the impairment loss is recognised against the revaluation reserve for that
class of asset. Where that results in a debit balance in the revaluation reserve, the balance is recognised in the surplus/ (deficit).
For assets not carried at a revalued amount, the total impairment loss is recognised in the surplus/(deficit).
The reversal of an impairment loss on a revalued asset is credited to other comprehensive revenue and expense and increases the asset revaluation reserve for that class of asset. However, to the extent that an impairment loss for that class of asset was previously recognised in the surplus/(deficit), a reversal of the impairment loss is also recognised in the surplus/(deficit).
For assets not carried at a revalued amount, the reversal of an impairment loss is recognised in the surplus/(deficit).
Non-cash-generating assets are those assets that are not held with the primary objective of generating a commercial return.
For non-cash-generating assets, value in use is determined using an approach based on either a depreciated replacement cost approach, a restoration cost approach, or a service units approach. The most appropriate approach used to measure value in use depends on the nature of the impairment and availability of information.
Cash-generating assets are those assets that are held with the primary objective of generating a commercial return.
The value in use for cash-generating assets and cashgenerating units is the present value of expected future cash flows.
For the year ended 31 December 2023
The most recent valuation of land and buildings were performed by independent valuers, Carl Waalkens and David Stewart of Bayleys Valuation Services as at 31 December 2023.
Land and buildings using market-based evidence Land and non-specialised buildings are valued at fair value using market based evidence. The main market based valuation methods applied were capitalised income and discounted cashflow methods. The capitalised income method considers both sales and leasing evidence by using market rents and capitalisation rates to determine the current fair value. The discounted cashflow method has been calculated on a 10 year investment period with a discount rate of 8.5% to provide the net present fair value.
Market rents range from $0.035m to $2.0m per annum. An increase (decrease) in market rents would increase (decrease) the fair value of non-specialised buildings.
Capitalisation rates are market-based rates of return and range from 5.2% to 10.0%. An increase (decrease) in the capitalisation rate would decrease (increase) the fair value of non-specialised buildings.
The most recent valuation of artwork was performed by an independent valuer, Erika Chamberlain of Antique and Art. The valuation was undertaken in accordance with PBE IPSAS 17 using fair value and is effective as at 31 December 2021.
Determination of fair value has been made by:
› Reference to observable prices in an active market. Where the market exists for the same or similar asset the market prices are deemed to be a fair value. The values ascribed in the valuation are primarily based on observable process both in the primary retail market and secondary auction market.
› If t here is no active market, fair value is determined by other market based evidence adjudged by active and knowledgeable participants in the market.
No impairment losses (2022: nil) have been recognised for leasehold improvements due to no longer being in our current property portfolio or the improvement no longer exists. Impairment losses of $0.0m (2022: $0.0m) have been recognised for library books due to no longer being in our current library collection. The impairment loss has been recognised in the statement of comprehensive revenue and expense in the line item “Other expenses”. 13. Property, plant and equipment (continued)
Where applicable, the depreciated replacement cost method was considered for specialised buildings (for example, campuses) to determine the fair value.
Depreciated replacement cost is determined using a number of significant assumptions.
Significant assumptions include:
›T he replacement asset is based on the replacement with modern equivalent assets with adjustments where appropriate for obsolescence due to over design or surplus capacity.
›T he replacement cost is derived from QV costbuilder costs data and where relevant, recent construction contracts of similar assets. Construction costs range from $1,450 to $5,000 per square metre, depending on the nature of the specific asset valued. This range reflects the different components of buildings, ranging from ground service areas to accommodation blocks.
| For the year ended 31 December 2023
13. Property, plant and equipment (continued)
Work in progress
The value of work in progress is disclosed at cost by class of asset as follows:
Restrictions of title
Under the Education and Training Act 2020, Te Wānanga o Aotearoa is required to obtain consent from the Ministry of Education to dispose of land and buildings.
Te Wānanga o Aotearoa does not have any:
› Re strictions on title on property, plant and equipment.
› Property, plant and equipment pledged as security for liabilities.
› Compensation for items of property, plant and equipment that were impaired, lost or given up.
Finance leases
The net carrying amount of property, plant and equipment held under finance leases is nil (2022: nil).
| For the year ended 31 December 2023
Accounting policy
Intangible assets are initially recorded at cost except for:
› I ntangible assets acquired through non-exchange transactions (measured at fair value).
All intangible assets of Te Wānanga o Aotearoa are subsequently measured in accordance with the cost model, being cost (or fair value for items acquired through non-exchange transactions) less accumulated amortisation and impairment.
Computer software is separately acquired and capitalised at its cost as at the date of acquisition. After initial recognition, separately acquired intangible assets are carried at cost less accumulated amortisation and accumulated impairment losses.
Costs associated with maintaining computer software programmes are recognised as an expense when incurred.
Costs that are directly associated with the development of software for internal use are recognised as an intangible asset. Direct costs include software development employee costs and an appropriate portion of relevant overheads.
Staff training costs are recognised as an expense when incurred.
Programme development costs
Programme development costs relate to development of educational courses and are capitalised once accreditation has been received and when it is probable that future economic benefit arising from use of the intangible asset will flow to Te Wānanga o Aotearoa.
Following initial recognition of programme development costs, the cost model is applied and the asset is carried at cost less accumulated amortisation and accumulated impairment losses.
A summary of policies applied to the intangible assets of Te Wānanga o Aotearoa is as follows:
Class of intangible asset Estimated useful life
Computer softwareFinite –5 years Straight-line method
Programme development costs Finite –5 years Straight-line method
The carrying value of an intangible asset with a finite life is amortised on a straight-line basis over its useful life. The amortisation period starts when the asset is available for use and ceases at the date that the asset is derecognised. The amortisation method for each class of intangible asset having a finite life is reviewed at the end of each financial year. If the expected useful life or expected pattern of consumption is different from the previous assessment, changes are made accordingly. The amortisation for each period is recognised in the surplus/(deficit).
The carrying value of each class of intangible asset is reviewed annually for indicators of impairment. Intangible assets are tested for impairment where an indicator of impairment exists.
Gains or losses arising from derecognition of an intangible asset are measured as the difference between the net disposal proceeds and the carrying amount of the asset and are recognised in the surplus/(deficit) when the asset is derecognised.
All other research and development costs are recognised as expenses in the surplus/(deficit) in the year in which they are incurred.
| For the year ended 31 December 2023
Impairment of intangible assets
Intangible assets that have an indefinite useful life or are not yet available for use are not subject to amortisation and are tested annually for impairment. Assets that have a finite useful life are reviewed for indicators of impairment at each balance date. When an asset is found to be impaired, a recoverable amount is estimated. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair value less costs to sell and value in use.
The value in use for cash-generating assets is the present value of expected future cash flows.
If an asset's carrying amount exceeds its recoverable amount, the asset is impaired and the carrying amount is written-down to the recoverable amount.
The total impairment loss is recognised in the surplus/ (deficit).
Non-cash-generating assets are those assets that are not held with the primary objective of generating a commercial return.
For non-cash-generating assets, value in use is determined using an approach based on either a depreciated replacement cost approach, restoration cost approach, or a service units approach. The most appropriate approach used to measure value in use depends on the nature of the impairment and availability of information.
Cash-generating assets are those assets that are held with the primary objective of generating a commercial return.
Movements in the carrying value for each class of intangible asset are as follows:
At 31 December 2023
| For the year ended 31 December 2023
Year ended 31 December 2022
At 31 December 2022
There are no restrictions over the title of Te Wānanga o Aotearoa intangible assets, nor are any intangible assets pledged as security for liabilities.
Te Wānanga o Aotearoa impaired intangible assets of $0.1m in 2023 (2022: $0.6m). This has been offset by a partial reversal of the 2022 programme development impairment of $0.2m because it was decided to redevelop identified programmes (2022: nil). Programme development has been impaired due to programmes either being redeveloped to align with NZQA Targeted Review of Qualification (TRoQ) changes or programmes no longer being delivered.
No software has been impaired in 2023 (2022: nil)
There were no contractual commitments for the acquisitions of intangible assets for Te Wānanga o Aotearoa (2022: nil).
statements | For the year ended 31 December 2023
Accounting policy
Net assets/equity is measured as the difference between total assets and total liabilities. Net assets/equity is disaggregated and classified into a number of reserves. The components of net assets/equity are:
› Accumulated funds
› Property revaluation reserve
Property revaluation reserves
This reserve relates to the revaluation of property, plant, and equipment to fair value.
| For the year ended 31 December 2023
15. Equity (continued)
Capital management
The capital of Te Wānanga o Aotearoa is its net assets/equity, which comprises of accumulated funds and the property revaluation reserve. Equity is represented by net assets.
Te Wānanga o Aotearoa is subject to the financial management and accountability provisions of the Education and Training Act 2020, which includes restrictions in relation to disposing of assets or interests in assets, ability to mortgage or otherwise charge assets or interests in assets, granting leases of land or buildings or parts of buildings and borrowings. Te Wānanga o Aotearoa acknowledges it has complied with the financial management and accountability provisions of the Education and Training Act 2020 for the year ended 31 December 2023.
Te Wānanga o Aotearoa manages its revenues, expenses, assets, liabilities, investments, and general financial dealings prudently and in a manner that promotes the current and future interests of the community. The equity of Te Wānanga o Aotearoa is largely managed as a by-product of managing revenues, expenses, assets, liabilities and general financial dealings.
The objective of managing the equity of Te Wānanga o Aotearoa is to ensure that it effectively and efficiently achieves the goals and objectives for which it has been established, while remaining a going concern.
During 2023, Te Wānanga o Aotearoa received total grants of $2.3m from the Ministry of Education for early learning purposes (2022: $2.4m). These grants have been classified as non-exchange revenue.
statements | For the year ended 31 December 2023
16. Early learning centres (continued)
Due to the flood that occurred on 27 January 2023, Ngā Kākano o te Manukau was damaged and temporarily closed for repairs. Te Mana Whakahaere decided to close Ngā Kākano o te Manukau permanently and Ministry of Education cancelled the licence granted to Ngā Kākano o te Manukau with effect from 2 June 2023.
statements | For the year ended 31 December 2023
17. Financial instruments
The activities of Te Wānanga o Aotearoa expose it to a variety of financial risks (market risk, liquidity risk and credit risk). The risk management programme of Te Wānanga o Aotearoa focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the financial performance of Te Wānanga o Aotearoa. Te Wānanga o Aotearoa uses derivative financial instruments such as interest rate swaps and forward foreign exchange contracts to hedge certain risk exposures.
(a) Financial instrument categories
The estimated carrying amount and fair values of the financial assets and liabilities of Te Wānanga o Aotearoa are presented as follows:
(b) Fair value hierarchy
For those instruments recognised at fair value in the statement of financial position, fair values are determined according to the following hierarchy:
› Quoted market price (level 1) – Financial instruments with quoted prices for identical instruments in active markets.
› Va luation technique using observable inputs (level 2) – Financial instruments with quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in inactive markets and financial instruments valued using models where all significant inputs are observable.
› Va luation techniques with significant non-observable inputs (level 3) – Financial instruments valued using models where one or more significant inputs are not observable.
statements | For the year ended 31 December 2023
17. Financial instruments (continued)
The following table analyses the basis of the valuation of classes of financial instruments measured at fair value in the statement of financial position:
31 December 2023 Financial assets
31 December 2022 Financial assets
There were no transfers between the different levels of the fair value hierarchy.
| For the year ended 31 December 2023
17. Financial instruments (continued)
(c) Financial instrument risks
Te Wānanga o Aotearoa has policies to manage risks associated with financial instruments. Te Wānanga o Aotearoa is risk averse and seeks to minimise exposure from its treasury activities. The policies do not allow any transactions that are speculative in nature to be entered into.
Market risk
Currency risk
Currency risk is the risk that the fair value or future cash-flows of a financial instrument will fluctuate due to changes in foreign exchange rates.
Te Wānanga o Aotearoa has only limited exposure to foreign currency risk. Te Wānanga o Aotearoa purchases library items and software licences from overseas which exposes it to currency risk.
Fair value interest rate risk
Fair value interest rate risk is the risk that the value of a financial instrument will fluctuate due to changes in market interest rates.
Investments issued at fixed rates of interest create exposure to fair value interest rate risk. Te Wānanga o Aotearoa does not actively manage its exposure to fair value interest rate risk.
Cash flow interest rate risk
Cash flow interest rate risk is the risk that the cash flows from a financial instrument will fluctuate because of changes in market interest rates. Investments issued at variable interest rates create exposure to cash flow interest rate risk.
Credit risk
Credit risk is the risk that a third party will default on its obligation to Te Wānanga o Aotearoa causing Te Wānanga o Aotearoa to incur a loss. Due to the timing of its cash inflows and outflows, Te Wānanga o Aotearoa invests surplus cash into term deposits which gives rise to credit risk.
In the normal course of business, Te Wānanga o Aotearoa is exposed to credit risk from cash and term deposits with banks, debtors and other receivables. For each of these, the maximum credit exposure is best represented by the carrying amount in the statement of financial position.
Te Wānanga o Aotearoa manages cash flow interest rate risk by ensuring that no more than 35% of total liquid funds are held with any one approved counter party. With the exception of tauira fees, Te Wānanga o Aotearoa trades only with recognised and creditworthy third parties.
Receivable balances are monitored on an on going basis with the result that Te Wānanga o Aotearoa exposure to bad debts is not significant as a result of the ability to withhold graduation from tauira who do not pay their fees.
Receivables arise mainly from tauira fees. There are procedures in place to monitor or report the credit quality of receivables. Te Wānanga o Aotearoa has no significant concentrations of risk in relation to receivables as it has a large number of credit customers.
Te Wānanga o Aotearoa holds no collateral or other credit enhancements for financial instruments that give rise to credit risk.
The credit quality of financial assets that are neither past due nor impaired can be assessed by reference to Standard and Poor’s credit ratings (if available) or to historical information about counterparty default rates. All instruments in this table have a loss allowance based on lifetime expected credit losses.
statements | For the year ended 31 December 2023
17. Financial instruments (continued)
Liquidity risk
Management of liquidity risk
Liquidity risk is the risk that Te Wānanga o Aotearoa will encounter difficulty raising liquid funds to meet commitments as they fall due. Prudent liquidity risk management implies maintaining sufficient cash, the availability of funding through an adequate amount of committed credit facilities and the ability to close out market positions. Te Wānanga o Aotearoa aims to maintain flexibility in funding by keeping committed credit lines available. Te Wānanga o Aotearoa manages liquidity risk by continuously monitoring forecast and actual cash flow requirements.
Contractual maturity analysis of financial liabilities
The table below shows an analysis of Te Wānanga o Aotearoa financial liabilities grouped according to maturity, based on the remaining period at the balance date to the contractual maturity date. The amounts disclosed are the contractual undiscounted cash flows.
statements | For the year ended 31 December 2023
Contractual maturity analysis of financial assets
The table below shows an analysis of Te Wānanga o Aotearoa financial assets grouped according to maturity, based on the remaining period at the balance date to the contractual maturity date.
2023
Sensitivity analysis
The tables below illustrate the potential impact to the surplus/(deficit) and equity (excluding retained earnings) for reasonably possible market movements with all variables held constant based on the financial instrument exposures of Te Wānanga o Aotearoa at balance date.
Explanation of interest rate risk sensitivity
The interest rate sensitivity is based on a reasonable possible movement in interest rates, with all other variables held constant, measured as a basis points (bps) movement. For example, a decrease in 100 bps is equivalent to a decrease in interest rates of 1.0%. 17. Financial instruments (continued)
statements | For the year ended 31 December 2023
17. Financial instruments (continued)
(d) Reconciliation of movements in liabilities arising from financing activities
Balance at 1 January 2023
Balance at 31 December 2023
18. Related party disclosures
Related party disclosures have not been made for transactions with related parties that are within a normal supplier or client/recipient relationship on terms and conditions no more or less favourable than those that it is reasonable to expect Te Wānanga o Aotearoa would have adopted in dealing with the party at arm's length in the same circumstances.
There are no related party transactions to disclose in 2023 (2022: nil)
Key kaimahi remuneration
statements | For the year ended 31 December 2023
19. Key kaimahi remuneration (continued)
Key management kaimahi remuneration:
Total remuneration includes any non-financial benefits provided to kaimahi, including motor vehicle, medical insurance, life insurance and income protection insurance.
To determine management kaimahi numbers for Ngā Pouwhakahaere/Senior leadership, full time equivalents (FTE) is used. An FTE is based on kaimahi working a 37.5 hour week.
To determine the number of governance members with respect to Te Mana Whakahaere and sub committees, a member is recognised only once if they hold more than one position. The FTE concept is not practical to apply to governance roles.
| For the year ended 31 December 2023
20. Contingencies
Contingent liabilities
Litigation
Te Wānanga o Aotearoa has 2 possible legal claims outstanding as at the balance date (2022: 2). The claims relate to disputes with internal parties. Te Wānanga o Aotearoa has not disclosed the details of these claims as it may seriously prejudice the position of Te Wānanga o Aotearoa with respect to disputes with the other internal parties. The potential value of the possible litigation is not reliably quantifiable at this time.
Financial guarantee
Te Wānanga o Aotearoa has no financial guarantees in place as at balance date (2022: nil).
Contingent assets
Te Wānanga o Aotearoa has no contingent assets as at balance date (2022: nil).
21. Capital commitments and operating leases
Accounting policy
Operating leases
Leases where the lessor retains substantially all the risks and benefits of ownership of the asset are classified as operating leases. Initial direct costs incurred in negotiating an operating lease are added to the carrying amount of the leased asset and recognised over the lease term on the same basis as the lease revenue.
Operating lease payments are recognised as an expense in the surplus/(deficit) on a straight line basis over the lease term.
Lease incentives received are recognised in the surplus/(deficit) as a reduction of rental expense over the lease term.
Capital commitments
Capital commitments represent capital expenditure contracted for at balance date, but not recognised in the financial statements are as follows;
| For the year ended 31 December 2023
21. Capital commitments and operating leases (continued)
Operating leases as lessee
Te Wānanga o Aotearoa has entered commercial leases on certain buildings where it is not in the best interest of Te Wānanga o Aotearoa to purchase these assets.
These leases have a life of between 1 and 12 years with renewal terms included in the contracts. Renewals are at the option of Te Wānanga o Aotearoa. There are no restrictions placed upon the lessee by entering into these leases.
Future minimum rentals payable under non-cancellable operating leases as at 31 December are as follows:
Operating leases as lessor
Te Wānanga o Aotearoa owns a number of buildings and has entered commercial leases where it is not in the best interest of Te Wānanga o Aotearoa to use these buildings for their operations.
These leases have an average life of between 1 and 3 years with renewal terms included in the contracts. Renewals are at the option of the lessee. There are no restrictions placed upon the lessee by entering into these leases.
Future minimum rentals receivable under non-cancellable operating leases as at 31 December are as follows:
No contingent rents have been recognised in the statement of comprehensive revenue and expense during the period.
| For the year ended 31 December 2023
22. Events after the balance date
There were two events after balance date (2022: Two).
In January 2024 a flooring issue was identified at Māngere campus relating to the flood damage repairs. Investigations are ongoing and a solution has not yet been reached. The costs of any replacement flooring and disruption to educational delivery at the campus are yet to be determined.
In February 2024 the Kaiwhakatere announced that he would not be renewing his contract at the end of its term and would be leaving the organisation in 2025.
For the year ended 31 December 2023
Explanation of major variances against budget
Accounting policy
It should be noted Te Wānanga o Aotearoa budget figures have been approved by Te Mana Whakahaere at the beginning of the year. Budget figures are prepared in accordance with NZ GAAP and are consistent with the accounting policies adopted by Te Mana Whakahaere for the preparation of the financial statements. However, some items presented in the budget have been reclassified in the annual report to be consistent with the presentation of actuals.
Explanations for major variations from Te Wānanga o Aotearoa budget figures are as follows:
Statement of comprehensive revenue and expense
Te Wānanga o Aotearoa result was a surplus of $4.7m (2.8% of total revenue) which was $7.7m above budget.
Government funding was $12.3m below budget. This is mainly due to EFTS consumption being 1,666 below plan and unplanned net negative impact of the reversing NZQCF revenue recognition journal.
Interest income was $1.4m higher than budget due to higher than planned interest rates and higher than planned cash available for investment.
Other revenue was $13.4m higher than budget, mainly attributed to higher than planned returns on managed funds world-wide post COVID-19 pandemic economic recovery $4.8m and from unplanned insurance proceeds received for flood damages to the Māngere Campus $7.8m.
Kaimahi costs were $7.8m favourable to budget mainly due to unfilled vacancies and the need for less kaimahi due to lower EFTS consumption.
Depreciation and amortisation were $0.9m favourable to budget due to lower than planned capital expenditure.
Other expenses were $2.6m unfavourable to budget mainly due to unplanned costs related to the remediation costs of the flood damaged Māngere Campus offset by savings across most other cost categories.
Cash and cash equivalents are $23.9m higher than budget to fund operational requirements through the Christmas closedown, and two term deposits were placed on short term maturity to ensure cashflow requirements are met.
Tauira and other receivables were $5.8m higher than budget mainly due to NZQCF funding being recognised based on when the course withdrawal date has passed, and the number of eligible students who have enrolled at that time.
Other financial assets were $27m higher than budget from higher cash-flows from operations than planned due to lower operational and capital expenditure. The budget also assumed different timing of maturity and investment than actual.
Prepayments were $1.4m higher than budget. The budget assumed different timing of renewals than actual.
Managed funds were $0.7m higher than budget due to higher than expected returns on investments due to world wide post COVID-19 pandemic economic recovery.
Property, plant and equipment were $3.3m lower than budget from the unplanned impact of property revaluations and lower than planned capital expenditure.
Intangible assets were $7.6m lower than budget due to planned capital expenditure not proceeding or being deferred due to resourcing availability.
Payables were $19.5m higher than budget as the budget did not include other government funding of $7.2m as being payable at year-end or consider the deferment of year-end tax payments.
Kaimahi entitlements were $2.3m higher than budget because the budget assumed more annual leave would be taken by year-end than was actually taken.
| For the year ended 31 December 2023
23. Explanation of major variances against budget (continued)
Government funding receipts were $16.5m higher than budget due to budget assumptions excluding the receipt of other government funding.
Tauira fees receipts were $0.7m below budget from tauira choosing to enrol in more non-fee paying programmes than planned combined with lower than plan EFTS consumption.
Interest revenue received was $0.5m above budget due to higher than planned interest rates and more cash from operations being available to invest.
Other cash receipts from operating activities were $8.1m higher than budget mainly from unplanned receipt of flood damage insurance proceeds.
Payments to kaimahi were $16.4m below budget due largely to unfilled vacancies and the need for less kaimahi as a result of fewer EFTS.
Payments to suppliers were $8.9m higher than budget mainly due to unplanned remediation costs to flood damaged Māngere Campus.
GST payments were $5.5m below budget due to unplanned deferment of year-end IRD payments.
Purchases of PPE were $4.6m below budget due to planned capital expenditure not proceeding or being delayed.
Purchases of software were $3.1m below budget due to planned capital expenditure not proceeding or being deferred as planned due to changes in scope or resourcing availability.
Purchases of programme development were $3.6m below budget due to planned capital expenditure not proceeding or being deferred due to resourcing availability.
Purchases of cash investments (net) were $28m more than budget because of more cash being available from operations.
In remembrance
E te iwi nui tonu tēnei ka tangi mō koutou kua ngaro ki te Hono-i-wairua.
Mahue mai ko mātou te hunga ora ki muri nei auē atu ai, mōteatea atu ai, mapu atu ai.
Nō reira moe mai rā kei aku rau kahurangi, kei aku kuru tongarerewa.
Waiho mai ko mātou hei pīkau ī ā koutou ōhākī hei oranga mō ngā whakatupuranga.
E moe, okioki atu.
To the multitudes who have departed this world, we mourn for you as you take your place where the spirits gather.
In the world of the living – those of us who have been left behind – we wail in sorrow, we weep as we think of you, we heave a sigh of grief.
But, sleep cherished ones, treasured ones. Leave for us your works that we may continue to fulfil your aspiration to help our future generations.
Forever be at rest.
