3
CONTENTS Page 4
Performance Highlights
5
Issues Facing the Māori Trustee
7
Statement of Purpose
8
Vision, Values and Mission
9
Strategic Goals
11
Our Functions and Strategic Context
11
• Functions
11
• Property Portfolio
14
• Investment Portfolios
16
Operational Performance in 2007/2008
16
• Strategic Goal 1 – Asset Management – Property Portfolio and Special Trusts
19
• Strategic Goal 2 – Funds Management
20
• Strategic Goal 3 – Asset Development
23
• Strategic Goal 4 – Organisational Development
24
Summary of Financial Performance for 2007/2008
26
Consolidated General Purposes Fund Financial Information
26
• Income Statement
27
• Statement of Changes in Equity
28
• Balance Sheet
29
• Cash Flow Statement
30
• Notes to the Financial Statements
52
• Report of the Auditor General
55
Common Fund and Special Investments Financial Information
55
• Common Fund and Special Investments
56
• Notes to the Financial Statements
58
• Report of the Auditor General
E.37