1. Ngāi Te Rangi Settlement Trust
Financial Highlights
For the year ended 30 June 2018

2. Contents Group Structure Highlights Performance Summary Revenue
Expenses
Assets
Investments
Equity/Net Assets
Looking Forward

3. Group Structure
Majority consistent hapū/governance/senior management
Te Rūnanga o Ngāi Te Rangi Iwi Trust
Ngāi Te Rangi Iwi Settlement Trust
100%
100%
33%
100%
Ngāi Te Rangi Fisheries AHC Limited
Ngāi Te Rangi Hi Ika Limited
Tauranga Moana Iwi Collective Leasing Company
Ngāi Te Rangi Investments LP
16.7%
7.64%
Mataatua Fishing Quota ACE Holdings Limited
Iwi Collective Partnership – Koura Facilities
Tauranga Moana Iwi Collective LP
Key – Outline recorded within Group figures given full ownership
Outline recorded as investments given low proportionate ownership

4. 4 3 2 1 Highlights Equity Increase in net assets/equity of $0.7m.
Assets Increase in assets of $5.6m
92 Second Ave Purchase of commercial property to diversify our asset mix and mitigate risk
Net Income Increase in net income (NST/NST LP) of $160k

5. Performance Summary NST NST LP Total Increase/Decrease Group 2018
Movement
Revenue
859,355
170,726
993,823
149,927
3,686,317
3,537,313
149,004
Expenses
781,239
134,467
915,706
301,644
2,998,981
3,222,407
,426
Net Operating Surplus
78,117
36,258
,717
687,336
329,090
358,246
Gain/(Loss) from Investments
646,140 -
311,533
962,643
672,597
290,046
Total Net Income
724,256
724,257
159,816
1,649,979
1,001,686
648,292

6. Revenue Income Summary NST NST LP Total Increase/Decrease Group 2018
Movement
Koha and Grants Received -
33,744
75,643
,899
Contract Revenue
1,575,826
1,637,611
,786
Dividends and Realised Gains
168,959
105,477
429,733
426,166
3,568
Fisheries Income
414,513
437,445
,932
Interest Received
650,181
,875
690,167
809,891
,724
Other Income
40,214
3,957
3,599
361,615
150,558
211,057
Rental Income
170,726
180,720
Total Operating Income
859,355
993,823
149,927
3,686,317
3,537,313
149,004
Gain/(Loss) from Investments
646,140
311,533
962,643
672,597
290,046
Total Income
1,505,495
1,639,963
461,460
4,648,960
4,209,909
439,050

7. Expenses Income Summary NST NST LP Total Increase/Decrease Group 2018
Movement
Wages and Salaries
295,879 -
93,821
1,704,126
1,653,280
50,846
Grants, Donations and Sponsorship
52,232
58,526
,294
Operating Costs
198,051
69,102
267,154
132,907
966,251
1,274,991
,740
Strategy and Implementation
257,614
123,367
138,614
56,622
81,992
Depreciation
4,832
65,365
70,197
63,230
112,895
42,443
70,452
Income Tax
24,863
,681
136,544
,681
Total Operating Expenses
781,239
134,467
915,706
301,644
2,998,981
3,222,407
,426
Distributions to Marae
140,205
114,279
25,926
Total Costs
3,139,186
3,336,686
,500

8. Balance Sheet Balance Sheet NST NST LP Total Increase/Decrease
Group 2018
Group 2017
Movement
Assets
28,792,989
9,838,244
33,690,249
5,651,621
46,332,995
40,091,682
6,241,313
Liabilities
626,801
4,897,261
5,524,062
4,949,944
5,689,066
934,947
4,754,119
Net Assets / Equity
28,166,188
4,940,984
701,677
40,643,929
39,156,735
1,487,194

9. Assets Summary of Assets NST NST LP Total Increase/Decrease Group 2018
Movement
Cash and Short Term Investments
13,175,499
90,594
13,266,094
,779,074
14,437,686
21,932,065
,494,379
Receivables
3,066
8,289
11,356
,891
483,237
415,444
67,793
Taxes Receivable
170,012 -
146,608
316,623
68,424
248,199
Property, Plant and Equipment
6,151
,855
476,926
423,852
53,074
Investment Property
9,739,361
Investments
15,423,619
10,482,636
3,562,646
16,607,053
12,983,084
3,623,969
Fisheries Quota
4,233,514
Other Assets
14,641
,173
38,595
35,299
3,296
TOTAL ASSETS
28,792,989
9,838,244
33,690,249
5,651,621
46,332,995
40,091,682
6,241,313

10. Looking Forward Continue to assert mana whenua
Continue to diversify our asset mix to ensure long term risk mitigation
Pursue long term investments that adhere to Ngāi te Rangi beliefs