Annual Report 2012 by Heather Tangiora

te poari matua o raukawa Raukawa Settlement Trust

pĹŤrongorongo Ä -tau annual report

Ko te kawai o Raukawa HOTUROA HOTUOPE HOTUMATAPŪ MŌTAI TANGATA RAU UETAPU RAKAMAOMAO KĀKATI TĀWHAO TŪRONGO = MĀHINGAARANGI RAUKAWA WHAKAPAPA

kupu whakataki introduction Welcome to the 2010/2011 Annual Report. The following pages contain a detailed report on the performance of the tribal governance and management entities of Raukawa. Included below is a diagram of the governance structure to illustrate the different entities created to support the aspirations of the people of Raukawa. Pohaturoa stands strong amidst the forests and lakes of te Pae o Raukawa

The present iwi governance structure has been developed most recently as a result of statutory requirements as part of treaty settlement negotiations. Other refinements have been as a result of the natural evolution of our iwi as we look to ensure we are most appropriately placed to meet the needs and aspirations of our people. In time, and especially as we move to the post-settlement phase of our iwi development, there will be further opportunity to consolidate and review the structures currently in place for Raukawa. This is part of the process required to ensure we remain dynamic and best positioned to fulfil the exciting potential of our iwi for this and future generations.

our STRUCTURE

KaumĀtua kaunihera

TRIBAL REGISTER Raukawa Settlement Trust Raukawa Settlement Trust Ltd

Raukawa Trust Board fisheries/ ROTAB

Raukawa Iwi Development ltd

Raukawa Charitable Trust Environment Health & Social Development Te Reo & Education Corporate Services Youth Development

Raukawa Asset Holding Co.

The tribal register provides information that allows informed decisions to be made in relation to Raukawa marae, hapū, iwi and whanau development. We have continued to improve the integrity of this information in the past 12 months. Although capturing, managing and maintaining our tribal database remains challenging, we have made excellent progress. We will continue to review and seek feedback on ways to ensure we are keeping our people informed on tribal development.

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RĀRANGI ŪPOKO contents Introduction

Raukawa Settlement Trust report

RST Chairman’s report

KaumĀtua report

Raukawa charitable Trust report

RCT Chairman’s report

Chief Executive’s report

rct goals and progress report

environment

health and social development

te reo and education

corporate services

youth development

treaty claims

ridl chairman's report

Raukawa Trust Board report

Chairman’s report

Raukawa Fisheries Limited

Financial statements

Whakatakoto iho ko Meremere-tū-ahiahi i te pō Whakaaraara mai ko Kōpū i te ata hāpara Kei ngā ihi, kei ngā wehi, kei ngā mana, kei ngā reo Kei ngā whakateitei ki te whenua Kei ngā whakatamarahi ki te rangi Tēnā tātou ngā waihotanga e hī ake ana i te ātākura Nei rā ngā mihi o Te Poari Matua o Raukawa He pakiaka te rākau i tū ai, mei kore ake ko rātou, kua kore rawa hoki mātou Nā mātou, nā tātou te kawenga kia ū tonu ki ngā mahi i kōkiritia e rātou mā He tini tētē kura ka hauhake i ngā kākano i whakatōkia e ngā mātua, e ngā tūpuna Nō reira, whāia kia mau!

PŪRONGO A TE TIAMANA o RaUkawa Settlement trust RAUKAWA SETTLEMENT TRUST CHAIRMAN’S REPORT

It is once again my privilege and pleasure to present to you our Annual Report. It is envisaged that this Annual Report is one of the ways that you our iwi members, can ensure as uri that the aspirations that we all have for our tribe are being met by all those of us who are elected to represent the people. The Raukawa Settlement Trust settled into its work programme well over the last twelve months. During the year our Chief Executive Officer (CEO) Waid Crockett resigned to pursue a senior role in local government in Australia. While we as a board were disappointed by Waid’s departure, it is a mark of respect that our employees continue to be sought out by other organisations. We thank Waid for his important contribution to our people and wish him well with his new challenge. We have been very fortunate to appoint Grant Berghan to the role of interim CEO. Grant brings a wealth of experience and extensive networks to his role especially in the Social Services arena. The 2010/11 year will also be prominent for the gains we have made in the negotiation of our historical settlements culminating in a very successful ratification of the comprehensive historical settlement package, and the reaffirmation

of the Raukawa Settlement Trust as the Post Settlement Governance Entity in late 2011. The tribe is very close now to signing this important document and I look forward to the next period in our tribal development. The 2010/2011 Annual Report contains an inaugural report from the new tribal commercial entity, Raukawa Iwi Development Ltd (RIDL). I would like to thank RIDL Chair Vanessa Eparaima and her fellow directors for their diligent leadership of this entity in a time of continued volatility in national and international financial markets, and a time of great uncertainty in the world economies. During this phase RIDL have taken a cautious approach to investment and have looked to spread and diversify where we invest our funds to ensure we are not overly exposed to any further shocks to national and international financial markets and investment.

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The Raukawa Charitable Trust has continued to build on its previous year’s progress. I would like to thank the board and its chair George Rangitutia for their continued sound leadership of the social and cultural development for our iwi. Included in this year’s gains for the trust was the appointment of Jade Hohaia to lead a national pilot programme to develop a strategy for the rangitahi of Tokoroa. Charlie Te Pana has led us once again to national success at the Taura Whiri i te reo Awards and has been rewarded recently by a nomination for NZ Māori of the year for his contribution to te reo Māori. We have continued to refine and re-assess how we deliver services in health and social

service delivery, following changes around policy and government funding requirements. The enhancement of social service and health delivery will continue to be a key focus of our programme as the global financial crisis places more pressure on our whānau. Our Environment team continues to develop and grow to ensure that our rohe remains an environmentally sustainable place to continue to grow future generations of Raukawa uri. It has been a year of further consolidation and progress. I would like to thank our RST board members, and all Raukawa uri for your continued support and encouragement as we continue to progress to achieve the potential of our iwi development.

S t r at e g i c Pa r t n e r s h i p s Raukawa represents more than 25,000 iwi members who live throughout Aotearoa and overseas. The needs of our people are wide-ranging. It is crucial we work alongside other iwi, local and national government, local and national authorities and businesses to seek out shared interests and establish ways of working together. This collaboration enables our iwi to provide a Raukawa perspective on matters important to our people and the communities in which we live. Below is a list of strategic partnerships maintained and supported by the Raukawa Settlement Trust in the past financial year. National Iwi Leaders Forum Tainui Waka Alliance Raukawa/Maniapoto Alliance Waikato River Authority Central North Island (CNI) Iwi Holdings Ltd Environment Waikato South Waikato District Council Matamata Piako District Council

South Waikato Safer Communities Council Waiariki Institute of Technology Regional Advisory Group University of Waikato Maungatautari Ecological Island Trust WDHB Iwi Māori Health Board Waikato Regional Leaders Forum (Whanau Ora)

Chris McKenzie Chairman Raukawa Settlement Trust

RAUKAWA settlement trust Directory as at 30 June 2011 Nature of Business – Post Settlement Governance Entity Address – 26-32 Campbell Street, Tokoroa Telephone – 07 885 0260 Registered Office – 26-32 Campbell Street, Tokoroa Auditors – Finn & Partners, Te Awamutu Bankers – Westpac, Hamilton GST – Two Monthly Group Entities Raukawa Charitable Trust Raukawa Iwi Development Limited New Dawn 3 Limited Associated Entities Raukawa Trust Board and Subsidiaries Trustees John Barnett Andrew Paul Connie Hui Vanessa Eparaima Rina Lawson Kataraina Hodge Waimatao Smith Elthea Pakaru Lorraine Uatuku Anzacquelene (Rangitiriata) Hodge John Edmonds George Rangitutia Ben Adlam Miriata Te Hiko Denise Puhi Caroline Dally-Rangitoheriri Kevin Clair Wiremu Winika Suzanne Swift Jennifer Hughes Basil Pakaru Barbara Anderson Cheryl Pakuru Gaylene Roberts Grant Thompson Chris McKenzie

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Kataraina Hodge

Vanessa Eparaima

George Rangitutia

Jennifer Hughes

Caroline Dally-Rangitoheriri

Whakamārama Marae Rep RST Trustee RCT Trustee

Mōkai Marae Rep RST Trustee RIDL Chair RSTL Director

Aotearoa Marae Rep RST Trustee RCT Chair RSTL Director

Tāpapa Marae Rep RST Trustee RCT Trustee

Te Pae ō Raukawa Hapū Rep RST Trustee RCT Trustee

Elthea Pakaru

Kevin Clair

Chris McKenzie

Whakaaratamaiti Marae Rep Te Kaokaoroa ō Pātetere Hapū Rep Rengarenga Marae Rep RST Trustee RST Trustee Treaty Lead Negotiator RST Chair RIDL Director RSTL Director

Grant Thompson

Suzanne Swift

Te Kaokaoroa ō Pātetere Hapū Rep Wharepūhunga Hapū Rep RST Trustee RST Trustee

Basil Pakaru

Andrew Paul

Te Kaokaoroa ō Pātetere Hapū Rep Te Kaokaoroa ō Pātetere Hapū Rep RST Trustee RST Trustee RIDL Director RCT Trustee

Wiremu Winika

Miriata Te Hiko

Ruapeka Marae Rep RST Trustee

Te Pae ō Raukawa Hapū Rep RST Trustee

Gaylene Roberts

Rangitiriata Hodge

Barbara Anderson

Parāwera Marae Rep RST Trustee RCT Trustee RSTL Director

Te Pae ō Raukawa Hapū Rep RST Trustee

Ngatira Marae Rep RST Trustee RIDL Director

Rina Lawson

Cheryl Pakuru

Connie Hui

Mangakaretu Marae Rep RST Trustee

Te Kaokaoroa ō Pātetere Hapū Rep RST Trustee RSTL Director

Wharepūhunga Hapū Rep RST Trustee RCT Trustee

John Barnett

Lorraine Uatuku

Waimatao Smith

John Edmonds

Ben Adlam

Denise Puhi

Pikitū Marae Rep RST Trustee

Ōngāroto Marae Rep RST Trustee

Tangata Marae Rep RST Trustee

Owairaka Marae Rep RST Trustee RIDL Director RSTL Director

Ukaipo Marae Rep RST Trustee

Papāramu Marae Rep RST Trustee

TE ARONGA MATUA O NGĀ KAUPAPA RAUKAWA STRATEGIC FOCUS AREAS

The Raukawa 2030 Strategic Plan “Te Pae Tawhiti – Raukawa Kia Mau” was approved by the Board on the 21st June 2010. The Plan identified 9 key areas of strategic importance to be incorporated into the short, medium and long term planning processes for Raukawa. Progress against these will be reported against in the next annual plan (period July 2011 – June 2012). The Strategic Focus Areas are: Communication and Participation

Health and Social Development

Effective communication and the ability of Raukawa uri

The health and well-being of Raukawa uri will be

to participate fully in tribal activities are vital to ensure

improved through the delivery of a comprehensive

a growing affiliation base and the realisation of the

range of health and social services throughout the rohe.

Raukawa Vision.

Education is fundamental to improving the well-being of

Hapū and marae will be actively supported to achieve

Raukawa uri into the future. This means that accessible

their full potential.

education opportunities need to be provided across the

Influence

lifespan continuum for all Raukawa uri at all times.

External parties, including the Government and the

Te Reo

business sector, impact upon all tribal aspirations.

Our cultural identity and knowledge is expressed

The tribe’s ability to influence these external decision-

through our language. Revitalisation of te reo me ona

making processes is critical to the achievement of

tikanga is essential to the survival of Raukawa as a

Raukawa 2030.

distinct iwi in its own right.

The Environment

Investment Planning

The environment underpins everything that concerns

Investment planning is the means by which substantial

Raukawa for without a healthy environment, we

elements of the Raukawa 2030 Plan will be achieved.

ourselves cannot be healthy. Therefore, we will do

Careful stewardship of our economic base will ensure

all that we can to uphold our traditions and cultural

that a growing resource is available to meet the needs

practices in relation to te tai ao and to be leaders in

and aspirations of marae and iwi.

environmental management.

Culture and Identity Whakapapa is the foundation of our identity as Raukawa. Our tupuna underpin our whanaungatanga and tie us together as a unique people. How we engage with our land and rivers is crucial to our identity, our culture and our tikanga.

Education

HapŪ and marae development

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pūrongorongo toihau KaumAtua’s report

We are now seeing some of the positive results that good planning and a focus bring to achieving outcomes.

Kōroria ki te Atua i runga rawa He maungarongo ki runga i te mata o te whenua He whakāro pai ki ngā tāngata katoa Kia tau iho ai te manākitanga o te runga rawa ki runga i a Kīngi Tūheitia me te Whare o te Kāhui Ariki nui tonu.....Paimārire. Rātou te hunga tapu, ko huri ki tua o te arai....ka oti atu. Tātou te hunga ora.....te iwi o Raukawa..... kia ora tātou kua haere mai te tautoko o te rā......

Tihēi mauri ora

These are challenging but exciting times. The 2011 term has been yet another period of development and strengthening for the tribe. The Raukawa Settlement Trust has worked extremely well at ensuring that they continue to work with the uri in shaping a prosperous future and I congratulate them for that. They’ve settled into a routine of quarterly meetings utilising the strengths of trustees through subcommittee’s which has seen a much faster processing of matters. The distribution to marae and uri, finally, is as a result of this process and, I’m sure you’ll all agree, we continue to look forward to these distributions on a regular basis. Our marae need to be continually upgraded and maintained as it is here that the true essence of who we are arises......Whakahōnore i to tātou Tupuna i a Raukawa....manāki i ngā uriwhakatupuranga! As the chairman of the Kaumātua Kaunihera I have been impressed with the calibre of leadership not only within the trustees but also our senior management teams. It is unfortunate that our previous chief executive was enticed overseas after such a short period with Raukawa. Waid Crockett had much to offer the tribe and I thank him for his commitment to us during his tenure. Ngā mihi tautoko ki a ia me onā whanau. Thankfully, we have managed to find a good replacement in Grant Berghan. 9

Grant has stepped into the interim role with his feet on fast-forward pulling his staff into a cohesive force after a short period of doubt and uncertainty. I am honoured to be able to support our hardworking team during difficult times as I had made a promise to their whanau during each powhiri to them that we would look after them. Our role as kaumātua is to work alongside our Board members and their staff to maintain the tikanga and kawa o Raukawa. Nga mihi tautoko ki āku hoa, āku kaumātua i tā koutou mahi hoki. As we kaumātua move with the flowing tide of achieving those dreams of our tūpuna, who have now passed beyond the veil, the Kaumātua Kaunihera has had to stop and look at itself. Those of us who uphold the mana of the paepae within our own hapū is greatly diminished. The ability to continue adequate support to our Board and staff is becoming more and more difficult. Over the 2011 period I have initiated a more manageable process within the kaunihera that allows for a more streamlined processing of activities, accountability and transparency. Kaumātua activities are clearly identified; as a result, it highlights the limitation in numbers and knowledge-base that we are now at. We are at crisis stage! However, throughout the Boards tenure Raukawa has always managed to find a way through previous crisis’ and I am confident that the new year will bring opportunities for us to address this. The key to success for achieving our dream is the dedication and drive from our trustees

and their team of skilled, committed staff. Our comprehensive Treaty settlement is nearly at an end after another year of hard negotiation from our Treaty team. The final chapter on this will enable the tribe to manage its own resources in the way that we want it to happen. It will enable Raukawa descendants where ever they may be to have a sense of nation hood, cultural pride and reconnection to our whenua, our whakatupuranga. To our Treaty Negotiator, Chris McKenzie, and his RMS team....nga mihi nui tonu ki a koutou ra kua kaha toko ai te manawanui, te manawaroa ki te mahi, kia whai painga mō tātou te iwi nei. In conclusion, I want to say a special thanks to our Kaumātua team that has upheld the mana of the paepae for Tainui Waka at the Tainui Exhibition at Te Papa Tongarewa. To Toiamoko Manaia, Kahukura Quinn and Tira Nicholls the uri o Raukawa are indebted to you all for the commitment you have made to the project requiring a Raukawa presence on a national stage for 7 months. It has been long and demanding but I’m sure there are some exciting rewards from it. Nō reirā e te iwi nei, ki ngā kāranga maha o te ao, mā te Atua hei manāki, hei tiaki i a tātou katoa.

John-Thomas (Hori) Deane Te Tiamana, Kaumātua Kaunihera

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TE PŪRONGO A TE TIAMANA O RAUKAWA CHARITABLE TRUST Raukawa Charitable Trust CHAIRMAN’S REPORT

"There have been many highlights throughout the year, and significant progress made."

It is a pleasure to present this year’s Annual Report on behalf of the Raukawa Charitable Trust. The 2010/2011 financial year was a period of further consolidation and improvement for the trust. Raukawa is an iwi nearing the final stages of negotiations to settle our outstanding Treaty of Waitangi claims. We are an iwi going through a process of review, and the improvement of our various functions, to ensure we are performing at optimum level to meet the needs of our people as we move to a post-settlement phase of our development. To this end, a key focus in the 12 months to June 2011 has been on strengthening our management capabilities and reviewing the operations of our business units. There have also been significant changes to our social service delivery methods to meet a changing political and funding environment. Progress in the review of our operations, however, was briefly interrupted with the departure of our then chief executive Waid Crockett, who resigned to take up a

senior role in local government in Australia’s Hunter Valley. While disappointed by Waid’s resignation, I am grateful for the work he has done in leading our team. I am especially grateful for the hard work of our management team and staff who remained committed to the kaupapa, strategy and mission of our iwi. There have been many highlights throughout the year, and significant progress made, the details of which will follow indepth later in this report. I would, however, like to make special mention of the work done by Raukawa Management Services staff who maintained momentum in their efforts to conclude outstanding Treaty of Waitangi settlement negotiations for Raukawa. I would like to thank lead negotiator Chris McKenzie and his team for their professionalism in a process that can be 11

difficult, challenging and a drain on resources. It is a process that requires the constant balancing of the expectations of our people, who endure the consequences of the losses inflicted on Raukawa through breaches of the treaty, against the very firm restrictions of what will be returned and what level of compensation will be made by the Crown. I would also like to acknowledge the work done in reviewing how we as an iwi deliver social services in our rohe. Raukawa is the largest provider of social services in the South Waikato. However, there have been major changes in policy that have impacted on our services. It is this policy change and the introduction of Whanau Ora that has driven the need for Raukawa to refine and re-align our services. We have made good progress this year and I thank all involved in this process. There will be further refinement in the coming year as we move to consolidate our position as the leader in social service delivery in the South Waikato. I would also like to take this opportunity to introduce and thank Interim Chief Executive Grant Berghan (Ngapuhi) who has stepped up 12

to ensure we maintain our momentum. While Grant was employed post the period covered by this report, he will report on activity for the period covered on behalf of the chief executive. I would also like to thank members of the RCT board who have worked with commitment and passion to set the strategy and vision for our management units to ensure we are representing our iwi expectations. Raukawa strives to ensure we realise our potential as an iwi and as a leading post-settlement social, cultural and economic force. The 2010/2011 year marked a period of continued effort and commitment to achieving this goal, and a period of consolidation and growth.

George Rangitutia Chairman Raukawa Charitable Trust

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Raukawa charitable trust Directory as at 30 June 2011 Nature of Business – Charitable Trust Postal Address – Private Bag 8, Tokoroa 3444 Registered Office – 26-32 Campbell Street, Tokoroa Putaruru Office – 15/16 Princes Street, Putaruru Matamata Office – 10 Tui Street, Matamata Te Awamutu Office – 77 Jackson Street, Te Awamutu Auditors – Finn & Partners, Te Awamutu Bankers – Westpac, Hamilton GST – Two Monthly Associated Entities Raukawa Settlement Trust Raukawa Iwi Development Raukawa Trust Board & Subsidiaries New Dawn 3 Limited Raukawa Settlement Trust Limited Trustees Kataraina Hodge George Rangitutia Caroline Dally-Rangitoheriri Jennifer Hughes Gaylene Roberts Basil Pakaru Connie Hui Ben Adlam

Ben Adlam

George Rangitutia

Ukaipo Marae Rep RST Trustee

Aotearoa Marae Rep RST Trustee RCT Chair RSTL Director

Connie Hui

Jennifer Hughes

Caroline Dally-Rangitoheriri

Wharepūhunga Hapū Rep RST Trustee RCT Trustee

Tāpapa Marae Rep RST Trustee RCT Trustee

Te Pae ō Raukawa Hapū Rep RST Trustee RCT Trustee

Kataraina Hodge

Gaylene Roberts

Basil Pakaru

Whakamārama Marae Rep RST Trustee RCT Trustee

Parāwera Marae Rep RST Trustee RCT Trustee RSTL Director

Te Kaokaoroa ō Pātetere Hapū Rep RST Trustee RCT Trustee

PŪRONGORONGO TOIHAU CHIEF EXECUTIVE’S REPORT

Tihei mauri ora Ko te wehi nui ki te Atua, te timatanga me te whakamutunga o nga mea katoa. Kia whakahonoretia a Kingi Tuheitia me te kahui Ariki, Pai marire ki a ratou. Ki a tatou mate, e moe, e oki i te whare okiokinga o te tangata; Ratou ki a ratou, tatou te kanohi ora ki a tatou. Tena tatou katoa.

As Interim Chief Executive I have the privilege of reporting on the previous 12 months’ activity for the Raukawa Settlement Trust. While the period covered by this report pre-dates my appointment, I have worked alongside my management team and board, and the Raukawa board chairs who filled an interim leadership role for part of the period covered, to provide the appropriate information for this financial year. The 2010/2011 financial year was a period of further consolidation and repositioning for Raukawa. While it is healthy and important for all entities or organisations to review and refine their operations, there were also external drivers which hastened major changes for Raukawa. Raukawa is growing and evolving significantly as a result of the return of resources from Treaty of Waitangi settlement negotiations. We are confident outstanding treaty settlement negotiations will be concluded in 14

early 2012. The Raukawa renaissance is also being hastened by the changing political and social environment. The recent and on-going difficult economic conditions in New Zealand and, in fact, the world, are driving changes in health and social service spending. The economic downturn has also impacted directly on our people and the communities we share. At the local level we have continued to consolidate our position as a significant provider of services throughout our rohe. We have had to work harder and smarter, and place importance on our ability to realise the potential of the Whanau Ora model. This means that we will work across contracts in an integrated fashion, rather than in silos as is currently the case. The model fits well with the Māori world view and has the potential to improve services and provide savings.

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However, the model represents quite a change to the way that we have done things in the past, and will require a lot of work over the next three to five years. Lessons from elsewhere caution us that these opportunities are not without their challenges. However, for our tribe as a whole, the future looks bright. The resources returned to us to date as a result of settlement negotiations, have provided us with additional opportunities to grow the support and assistance we can provide for our people. This will be further enhanced when we conclude remaining settlement negotiations. The finish of the time-consuming and expensive settlement negotiations will free up staff and resources to focus on our exciting potential, rather than the injustices of the past. The nature of our various relationships (local and central government, iwi, commercial, legal) will continue to be assessed, and prioritised to ensure alignment with our future strategic direction. Despite what has been a challenging year in terms of changing

funding requirements and a tight economic environment, Raukawa has remained focussed on lifting the performance and productivity of our various management functions. In the following pages you can read the achievements of the business units that work for the people of Raukawa. I would like to thank the managers and staff for their continued commitment to work towards achieving the expectations and aspirations of the Raukawa people. I would also like to thank all those others who have worked diligently in support of Raukawa and its kaupapa, including former CEO Waid Crockett, the respective Chairpersons, our Executive Management Team, our Executive Assistants and all of our staff. Tena koutou katoa.

Grant Berghan Interim CEO

ngĀ whĀinga me te pŪrongo whakawhanaketĀnga o rct rct goals and progress report

Te Ao Tūroa – Environment VISION Our vision is for a healthy and abundant environment, where our communities are active kaitiaki of our resources and where Te Ao Raukawa is acknowledged and respected, for the benefit of current and future generations.

GOALS To actively support a strong Raukawa nation in the resource management and environmental arena, by: Promoting leadership Actively supporting capacity building Being an effective advocate of Te Ao Raukawa Developing and fostering enduring relationships to achieve enhanced environmental outcomes

ACHIEVEMENTS IN RELATION TO GOALS 1. Promoting leadership • The Ngati Tuwharetoa, Raukawa and Te Arawa River Iwi Waikato River Bill 2010 was passed into legislation in October 2010. The overarching purpose of the Act is to restore and protect the health and well-being of the Waikato River for present and future generations. • Raukawa are proud to be the first ever Iwi chair of a Waikato Regional Council sub-committee with the recent appointment of the Environment Group Manager, Stephanie O’Sullivan, as Chair of the Upper Waikato Liaison Sub-committee. • Raukawa Charitable Trust, Te Arawa River Iwi Trust and the Waikato Regional Council presented to the New Zealand Planning Institute on co-management. The presentation included a case study on the collaborative approach undertaken between Iwi and the council in the development of the Waikato Regional Policy Statement.

2. Actively supporting capacity building • The Deed of Co-Management for the Waikato River has enabled the Environment Group to build capacity to lead and advocate for our Iwi in the environment space. As a result, six new staff members have been appointed to the Environment Team which now includes: - Environment Group Manager - Stephanie O’Sullivan - Senior Advisor - Grant Kettle - Senior Advisor - Jenni Fitzgerald - Cultural Environmental Co-ordinator - Hamiora Wehipeihana - Team Co-ordinator - Leleina Tolovae - GIS Advisor - Steve Richards - Sustainable Land Use Advisor - Alison Dewes - Advisor for the Raukawa Environmental Management Plan - Naomi Simmonds

taiao | environment

• The Web Portal to the Waikato Regional Council system is now accessible to the Environment Group. This is a significant milestone that enables us to access all resource consents within the rohe. • The Environment Group Manager provided work experience and mentoring to students who have an interest in working in the environment arena. These students came from both our local (Tokoroa) high schools and were part of the Gateway Programme that we in Raukawa support. • Through the Raukawa Economic Authority Engagement Programme (REAP) we have now identified all Māori multiple owned land in the rohe. We are now able to identify the land structures, key contacts (where noted) and create a picture of our landholdings by overlaying land use class, farming systems and topographic maps. • The Environment Group, in collaboration with the Waikato River Trails Trust, co-ordinated a planting day for Forest View High School where students from the senior geography class spent a day on the trails planting native trees.

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3. Being an effective advocate of Te Ao Raukawa • The Environment Group represents Raukawa on local, regional, national and international networks, forums and groups, including: - Waikato River Authority - Waikato River Trails Trust

RCT Goals and Progress Report

- Waikato Regional Council committees - Waipa, Upper Waikato, and Waihou-Piako Catchment Liaison Sub-committees, and the Catchment Services Committee - Waikato Regional Council Upper Waikato Primary Sector Water Partnership - Kaimai Catchment Forum • The Environment Group continues to comment on numerous resource consent applications within the rohe. The majority of these applications are processed by the Waikato Regional Council and include applications for the discharge of dairy shed effluent, take and use of water, small scale hydro schemes and bridges and culverts. • Development of the ‘Roadmap to Sustainable Agriculture’ with the Waikato Regional Council. • Involvement in the Eel Downstream Passage Project with Mighty River Power. • The Environment Group advocates for the Raukawa view in proposed national, regional and local policy, including the National Environmental Standard for Plantation Forestry, the National Policy Statement on Indigenous Biodiversity, the Waikato Regional Policy Statement and the Otorohanga, Waipa and South Waikato district plans. • Environment Group members presented to several different agencies to advocate the the Raukawa world view, including presentations to Otago University, Landcare Trust, Fertiliser Lime Research Centre, Lakes Water Quality Society, as well as Vision and Strategy training with Mighty River Power. • We continue to advocate to both protect the awa and gain access to water for our farming and commercial enterprises. To this end, we have been involved in the Waikato Regional Plan Variation 6 - Water Allocation since 2005. This has been a complex and time-consuming process in which Raukawa appealed the Council’s decisions to the Environment Court. • In 2011, the Environment Group commenced development of the Raukawa Environmental Management Plan (EMP), including the development of a detailed project plan and a participation and engagement strategy. The project plan details the processes and methods that will be used in the development of the EMP. Funding was obtained from Waikato Regional Council to progress this project. • In partnership with Mighty River Power, the Environment Group has progressed the Waikato River Sites of Significance Project. This project aims to identify and map all of the wahi tapu along the Waikato River and capture the special korero about these sites on video. • The Environment Group has been heavily involved in the development of the Waikato Regional Policy Statement, including submitting a comprehensive submission on the plan and assisting in determining the composition of the Hearings Committee and development of appropriate criteria for its members. In June 2011 we hosted an international delegation from Thailand with our partners Mighty River Power at the Atiamuri Power Station. Members of the Environment Group presented on the various environmental issues and pressures within the Waikato River catchment.

Raukawa Environment Team: Stephanie O’Sullivan, Grant Kettle, Leleina Tolovae, Hamiora Wehipeihana, Jenni Fitzgerald. 17

4. Developing and fostering enduring relationships to achieve enhanced environmental outcomes • The Inaugural Raukawa-Crown Ministerial Forum was held at Papa O Te Aroha Marae in December 2010. We welcomed the Prime Minister John Key, along with several of his senior cabinet ministers to the Raukawa rohe for the first time. • The signing of the first five of our eleven Ministerial Accords took place at the Ministerial Forum in December 2010. Completed Accords include: - Fisheries Portfolio (Minister of Fisheries and Aquaculture) - Conservation Portfolio (Minster of Conservation) - Taonga Tūturu Portfolio (Minister for Arts, Culture and Heritage) - Environment Portfolio (Minister for the Environment) - Overarching Accord (Prime Minister, Minister for Treaty of Waitangi Negotiations and Minister of Māori Affairs) • Joint Management Agreements (JMA) are a requirement under the Ngati Tuwharetoa, Raukawa and Te Arawa River Iwi Waikato River Act 2010. JMAs will enable greater levels of participation and influence over decisions by local authorities within the rohe. In 2011, the Environment team commenced development of a JMA with the Waikato Regional Council and established a Joint Management Committee (JMC) to oversee and progress the development of the JMA. Preliminarily discussions with territorial authorities (city and district councils) within the rohe have commenced with development of the JMAs throughout 2012. • The annual Raukawa-Waikato Regional Council Memorandum of Understanding (MoU) partnership meeting was held in Tokoroa in October 2010. We also hosted the Regional Council at Pikitu Marae for a day in March 2011 where councillors learnt about Raukawa tikanga and environmental issues. • The Raukawa-Mighty River Power Partnership celebrated its 10 year anniversary this year and continues to support projects in the Raukawa rohe, including projects aimed at tuna restoration within the Waikato River catchment.

taiao | environment

• The Environment team continues to develop and foster relationships with other agencies and stakeholders. We are regularly engaged in discussions with other agencies, including Waikato Regional Council, District Councils, Forest and Bird, Dairy NZ, Federated Farmers, Horticulture New Zealand and Fonterra.

Waikato River winding as it does through Jones' Landing at Arapuni 18

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Hauora me te Pāpori - Health & social DEVELOPMENT RCT Goals and Progress Report

VISION Our Vision is for a happy, healthy and wealthy Raukawa nation.

GOALS Build strategic alliances Maintain and enhance stakeholder relationships Provide quality services Effectively manage the delivery of health and social service outcomes

ACHIEVEMENTS IN RELATION TO GOALS 1. Build strategic alliances • Raukawa Maniapoto Alliance - Raukawa Charitable Trust Board has engaged in a strategic alliance with the Maniapoto Māori Trust Board (MMTB), the Ngati Maniapoto Marae Pact Trust (NMMPT) and the Taumaranui Community Kokiri Trust (TCKT) to form the South Waikato Whanau Ora Collective. The purpose of the alliance is to explore the potential to co-ordinate and integrate a comprehensive range of services to all persons that fall within those respective boundaries. The alliance will form the basis of a significant and exciting work programme moving forward into the future. • Youth Trials - although the Youth Trials are reported elsewhere in this document, members of the health and social services teams have been actively supporting the work that is being done under this contract. This is an excellent example of how it is possible to work across contracts in support of each other and the people that we serve. It is important, however, that this contribution in kind is noted and recognised by central government.

The health and social development team with minister Tariana Turia at the Whanau Ora day in February 2011.

• Rheumatic Fever - is an inflammatory disease that may develop after a streptococcal infection such as a sore throat (strep throat). It mainly affects children aged between 5 and 14 years. There has been concern at the growing incidence of rheumatic fever in the South Waikato region, and in April 2010, a collective of community and government agencies joined together to develop a plan of action to combat this issue. As part of this plan, two Raukawa staff were trained in how to swab throats correctly. RCT staff will be part of the ongoing Rheumatic Fever campaign in our region.

2. Maintain and enhance stakeholder relationships • Waikato District Health Board - regular meetings are held with representatives of the Waikato District Health Board. The purpose of these meetings is to manage contractual matters, relationships and any issues that might arise. The relationship is a very good one and we expect that to continue into the future. This is particularly important as we are about to embrace Whanau Ora and the possible integration of contracts and services throughout the South Waikato region. • MSD Family Start - our Family Start programme focuses on achieving positive outcomes for children by strengthening their whanau/families to be self-sufficient. The programme is a free, confidential, intensive, home-based support service and participation is voluntary. We target mothers who are pregnant and whanau/families with a new born baby, or a child under the age of 12 months. We work collaboratively with a wide range of agencies (government and community) to access expertise and resources that can support our whanau/families.

3. Provide quality services • It is important that the services that we provide are of the highest quality, taking into account the resources that are available to us. To this end, the organisation employs two people responsible for managing our internal and external quality audit processes. An annual internal audit programme is undertaken in conjunction with regular external agency audits. Generally, we have been encouraged by the audits which identify areas where we are performing well but just as importantly, those areas where we need to improve. • Annual client satisfaction surveys are undertaken to solicit feedback from customers on how they perceive our services. Although the response rate was poor (35%), overall the feedback received has been positive. • Annual appraisals - all staff (100%) had their annual performance appraisals completed. • The organisation is a learning organisation and supports continuous personal and professional development. During the period under review, a total of 21 separate training and/or professional development courses/programmes or training sessions were undertaken by staff members. • Our Drug and Alcohol Counsellors now have associate practitioner status and are studying to gain full practitioner status. Our Well Child Nurse has completed Post Graduate Studies in Primary Healthcare Specialty Nursing (Level 8).

4. Effectively manage the delivery of health and social service outcomes • The Government is requiring us to do more for less. The public sector is contracting and there is much greater scrutiny on where resources are invested and what outcomes are being achieved. For Raukawa it means that some contracts have been withdrawn, some have been downsized and in the renegotiation of new contracts we are being asked to either do the same for less money, or more for the same money. • We have managed our budgets well for the period to the end of June 2011 and showed a surplus. • The development of the health and social service plan is nearing completion and has been rolled over into the upcoming financial year.

HIGHLIGHTS This year we have introduced on site clinics for those affected by hearing loss, diabetes, heart failure and podiatry conditions. These are held on a monthly basis and are delivered by nurse and related specialists. This approach is innovative, and one which provides access and responsiveness to growing health needs.

PHYSICAL ACTIVITY & NUTRITION

ratonga pāpori hauora | HEALTH AND SOCIAL SERVICES

The introduction of Māori Traditional games (ki-o-rahi) is being delivered in 23 schools throughout the rohe and has been very well received. It is pleasing to note that the programme has had a positive effect on those who would ordinarily not participate in physical type activities. The programme has had the support of other Raukawa services, namely our Rangatahi, Kaitoko and School-based programmes.

RHEUMATIC FEVER CAMPAIGN

Raukawa health and social development staff support ki-o-rahi

In April a collective of community and government agencies joined together to implement a plan of action to combat the growing incidence of Rheumatic Fever. The message of priority was that ‘sore throats do matter’ and for whānau to seek help as soon as symptoms appear. To support the kaupapa two staff members have undergone throat swabbing training. On 19 October the Honourable Tariana Turia launched the Rhuematic Fever campaign and despite the miserable weather the community response was great.

Minister Tariana Turia, Aliyah, MP Louise Upston and Mayor Neil Sinclair at the rheumatic fever launch in October 2011.

Minister Tariana Turia and Rangatahi release balloons at the rheumatic fever launch.

SOCIAL DEVELOPMENT One of the key principles of the Family Start programme is its ‘strengths based’ model. This involves highlighting strengths within whānau rather than focusing on the negative. However, our whānau workers also need to be attuned to risk and danger. It is for this purpose that new Key Performance Indicators (KPIs) have been developed. The referral criteria has been tightened to ensure that the most vulnerable of whānau access the programme.

Mana Winikerei and his mokopuna Tali.

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Te Reo – Māori Language RCT Goals and Progress Report

VISION Raukawa kia mau.

GOALS Promote and drive language revitalisation at the community level Recover, collect and store valuable Raukawa knowledge Implement new initiative focussed on increasing the use of Te Reo Support and develop learning with a particular Raukawa focus

ACHIEVEMENTS IN RELATION TO GOALS 1. Promote and drive language revitalisation at the community level • Mangakaretu acknowledged for the completion of their long-term reo strategy • The Board continues to provide support for marae language development and activity implementation • The Raukawa organisation draft language plan is complete • Raukawa Charitable Trust language driver group has been established • Noted increase in reo Māori initiatives and use amongst the community, businesses and schools, particularly throughout Māori Language Week • Raukawa Reo regularly featuring positive activities in the national and local media • Succesful facilitation of the Annual Raukawa Māori Language Awards • Raukawa Charitable Trust - Finalist in the National Māori Language Awards, Huia Te Reo winning the Supreme Award • Bi-lingual permanent signage within Tokoroa New World • Increased involvement from community groups highlighting reo activities in the Annual Raukawa Māori Language Awards

2. Recover, collect and store valuable Raukawa knowledge • No activities recorded in this area.

3. Implement new initiatives focused on increasing the use of te reo

Recipients at the Annual Raukawa Māori Language Awards

• A number of community-led projects have been initiated • There has been increased community involvement throughout Māori Language Week, as well as long-term annual activities initiated by a number of community groups.

4. Support and develop learning with a particular Raukawa focus • Succesful facilitation of the Annual Raukawa Kura Reo programme • Completed the development of the ‘Te Uru Raukawa’ High Level Raukawa Language & Tikanga Programme. Awaiting confirmed funding agreements to initiate the programme • Completed the writing of the Raukawa Pakiwaitara Series. Awaiting the confirmed funding agreement to complete the printing and distribution of all stories.

Mātauranga – Education GOALS Review the Raukawa Education Strategy Engage in Education Forums to Advance Raukawa Education

ACHIEVEMENT IN RELATION TO GOALS 1. Review the Raukawa Education Strategy • Established a Raukawa Education Forum & Raukawa Education Advisory Group • Completed consultation with the wider Raukawa education sector to redevelop the education strategy • Completed review and redevelopment of the Raukawa Education Strategy • We recognise that education provides a launch pad for life success into the future. Coupled with the knowledge and confidence pertaining to te reo Māori me ona tikanga, over the next 12 months we will be focussing on implementing the Raukawa Education Strategy

2. Engage in Education Forums to Advance Raukawa Education • Worked closely with Ministry of Education around the Strategy Development & Raukawa stories project • Involved with ‘Ngā Kaikōkiri Mātauranga - Iwi Education Group’ meeting with the Minister of Education, Anne Tolley

mātauranga | education

• Involved with the Iwi Education Forum to discuss and present iwi-wide education issues to the Prime Minister through the Iwi Leaders Forum.

Kapa Haka performed by Te Wakaiti 22

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Ratonga Rangapū - Corporate Services RCT Goals and Progress Report

VISION Provide robust financial and administrative support services to the Board.

GOALS Monitor and evaluate financial performance for cost effective and cost efficient results. The Raukawa Charitable Trust human resources vision is to be the employer of choice. Maintain and ensure effective quality management system with robust policy and procedure management. The Raukawa Trust Board information technology vision is to be a leader in delivering cost effective services desired by the organisation while maximising business units operations.

aCHIEVEMENT IN RELATION TO GOALS 1. Monitor and evaluate financial performance for cost effective and cost efficient results. • Budgets and business plans were completed as required. • New budgets were set up for the new boards and then revised to meet the new RCT requirements. • All business units, work streams and governance boards were given monthly financial reports on their various financial activities and budgets, to show actual spending against budgeted expenditure. • Budgets considered high risk due to insufficient income or over-expenditure of projected budget were highlighted. • The annual report required a review of all transactions for the financial year. • As a result of the transition there were considerable adjustments required to align transactions with the new structure. • Errors were identified by the Acting Corporate Services Manager through reviews of transactions and the analysis of financial reporting. • Financial statements were provided for inclusion in the annual report. • Quickbooks has its own audit trail. All payments are cross checked by 5 people before payment is made: - Person creating the purchase order - Manager authorising the order - Data entry person - Senior Accountant checking the accounts. - Two trustees and/or CE authorise the payment. • All department managers were provided with monthly reports on their areas. • Financial reporting for specific governance activities were given to the GM/CE for review.

2 The Raukawa Charitable Trust human resources vision is to be the employer of choice. • HR policies went through a stringent review by the Transition Committee during the transition process to provide comprehensive and updated policies. • HR policies were comprehensively reviewed prior to June 2011. • The induction work was completed. A remuneration strategy is still yet to be developed. • Quickbooks Accounting, Microsoft Excel Training and First Aid programs were completed by some staff members.

3 Maintain and ensure effective quality management system with robust policy and procedure management. • Annual performance reviews were completed. • QMS policies and procedures were reviewed. This review is ogoing. • Internal audit completed and systems and procedures updated. • Board reported to on a monthly basis.

4 The Raukawa charitable Trust information technology vision is to be a leader in delivering cost effective services desired by the organisation while maximising business units operations. • Several new computers with updated operating systems were purchased to support all the business units. • Further development has been undertaken on the Tribal Register data base. • The database for AES Home Insulation has been reviewed. • Our IT contractors are onsite twice a week to provide face-to-face support. We also have two technical support people working at the Board to provide staff with software support and assess any IT problems to elevate issues to second-level where required. • One server has been identified for upgrade in 2012. • Our IT contractors audit the IT system monthly to provide any feedback on user issues, conflicts or inefficiencies of usage and/or hardware.

ratonga rangapū | corporate services

• As the systems and servers were updated all staff were trained to use all facets of the IT software for their service requirements.

Kapa Haka performed by Te Wakaiti 24

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Kaitaunaki Taiohi – Youth Development RCT Goals and Progress Report

VISION Kotahi te kaupapa; hikina te rangi wairua - there is one purpose to our work; to raise the level of inspiration and potential in the lives of our youth.

GOALS Reduce truancy Reduce offending Reduce alcohol and drug abuse Increase participation in education, employment and training

ACHIEVEMENT IN RELATION TO GOALS 1. Reduce truancy

Tokoroa High School

Truancy number 2011 actual

Truancy target (-25%)

IUJ number 2011 actual

IUJ target (-30%)

65(TBC)

2. Reduce offending • Apprehensions of 12-17 year olds (inclusive) - selected offences* and scene stations - 2006-2010. 2007

2008

2009

2010

Target: -15%

287

195

205

237

147

• Apprehensions within school hours for selected offences* 12-17 year olds. 2007

2008

2009

2010

Target: -20%

3. Reduce alcohol and drug abuse • Stand downs and suspensions for alcohol or drug related behaviour.

Tokoroa central

2010 Stand-downs

Target

2010 Suspensions

Target

• Court appearances (12-18 year olds) for driving over the limit (alcohol or other substances).

Tokoroa central

2008

2009

Target

2008

4. Increase participation in education, employment and training • School leavers going on to tertiary education. -

2010 actual

2013 target

2008

Tokoroa central

2010 actual

2013 Target

• Retention: number of people aged 17+ in secondary schools

Tokoroa central

• The Tokoroa Youth Trials commenced in May 2011, that is one month before the end of this reporting period. Therefore, at this stage, it is only possible to report on what the four target outcomes are. The next annual report will provide a summary report of how we are progressing against those targets. • During the short period that I have been in the role of Youth Services Manager, I have witnessed tremendous support and commitment from the local community in support of our rangatahi. An important part of this support has been to identify 22 grassroots solutions to help us meet the Four Target Outcomes (listed above). Our youth have been the most important part of this process and, of course, will continue to be so as the trials progress. Their participation is critical to develop the strategies that will enable them to face their fears and realise their personal dreams and aspirations. • Raukawa are the only Iwi in Aotearoa to have been given the opportunity to be involved in the Social Sector Youth Trials. Our role is to invest in the lives of the next generation and to raise up a generation of young leaders who are strong in knowing who they are and where they’re heading. Kotahi te kaupapa; hikina te rangi wairua - there is one purpose to our work; to raise the level of inspiration and potential in the lives of our youth. Some exciting initiatives already undertaken in Tokoroa under the trials include: - Processing the 24-7 youth worker-in-school model with Tokoroa Intermediate - Securing funding to appoint a full-time Youth Project Manager to lead the ‘It’s Not Okay to Miss a Day’ community-wide truancy campaign - Securing funding to appoint a Youth Participation Co-ordinator to lead the CLIP (Creative Leadership Innovation and Profiling Team), an all youth working party to accompany the Youth Trials - The ‘Clubs’ after-school programme to be run for young people who need mentoring for anti-social behavioural issues - Space located for developing the new Tokoroa Youth Services Hub - Breakaway holiday programmes for 1,000 youth

Kaitaunaki Taiohi | Youth Development

- And delivering 12 week school-based student development and leadership programmes with our very own (newly formed) Raukawa Youth Work Team.

Taylah Kaponga, Jade Hohaia (Youth Services Manager) and Trinity Deane. 26

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TAUNAHA TIRITI – TREATY CLAIMS RCT Goals and Progress Report

Vision To honour our Tupuna and build a future for our Tamariki mokopuna

GOALS To negotiate a comprehensive settlement package with the Crown Ratify a draft deed of settlement via information hui and postal voting. Complete overlapping claims issues with the Crown and overlapping claimants Progress CNI Manawhenua negotiations and Crown Agreed Proportions negotiations with the Crown

1. To negotiate a comprehensive settlement package with the Crown • Agree and accept a settlement offer from the Minister in Charge of Treaty of Waitangi Negotiations the Honourable Chris Finlayson. An outline of the proposed redress package for the settlement of the comprehensive claims was received in late December 2010. The details of the letter of offer were endorsed by claimants and uri during the countrywide information round held in February and March 2011. • Cultural Redress Package The components of the cultural redress package are: - 13 Vested properties including - 16 Statutory Acknowledgements - Cultural fund - Geographic name changes - Deeds of Recognition - Overlay classification • Waikato River Redress Package The components of the Waikato River redress package are: - State Owned Enterprises – Mighty River Power - Lakebed Fund - DoC Reserves along the Waikato River • Commercial and Financial Redress Package The components of the commercial and financial package are: - Quantum amount - CNI On Account - On signing cash - Commercial gifts - Crown Licensed Forest - Land banked properties - Sale & Leaseback properties - Deferred Selection Process/Rights of First Refusal properties

Prime Minister John Key at Papa o Te Aroha Marae

2. Draft Deed of Settlement • Ratify a draft deed of settlement via information hui and postal voting. Initial Draft Deed of Settlement

September 2011

Ratification of Draft Deed

October 2011

Sign the Deed of Settlement

May 2012

Legislation

May 2013

Transfer of assets

June 2013

Minister of Treaty of Waitangi negotiations, Chris Finlayson and MP Louise Upston are welcomed onto Papa o Te Aroha Marae.

3. Overlapping Claims • Complete overlapping claims issues with the Crown and overlapping claimants. - Negotiate overlapping claims issues - Progress to a signed deed of settlement

4. CNI CFL Manawhenua negotiations and Crown Agreed Proportions negotiations. • Progress CNI Manawhenua negotiations and Crown Agreed Proportions negotiations with the Crown - Review tikanga based manawhenua process - Progress the tikanga based allocation of Marotiri CFL and Pureora South CFL 27

TE P的RONGO A TE TIAMANA O RAUKAWA IWI DEVELOPMENT LTD raukawa iwi development ltd chairperson's report

it is my privilege to present the inaugural annual report for raukawa iwi development ltd (ridl).

The implementation and development of RIDL, the commercial arm for Raukawa, marks a momentous milestone for our people. It also marks the conclusion of a considered process to create an entity that will provide the bedrock for the growth of the collective wealth of Raukawa.

Those profits retained will be reinvested back in RIDL to ensure we continue to grow.

The priority in the formative stage of RIDL has been to ensure that our investment funds and resources are protected and invested wisely and appropriately, while the processes, rules and systems are set in place to make sure we have an efficient commercial structure to support our commercial objectives.

Through treaty breaches, including unjust laws, coerced and corrupt sale, and confiscation, Raukawa have become impoverished and relatively landless, collectively and individually, within a region where we once had complete domain.

Raukawa Iwi Development Limited has a very clear focus, and that is to protect Raukawa assets and settlement monies while growing the collective wealth of the iwi. The company will generate profits, of which a share will be issued to the Raukawa Settlement Trust to fund the social and cultural activities of our tribe, and to fund the governance and management required to ensure we are meeting the expectations of iwi members. 28

I am honoured and humbled to be involved in the formation of our iwi commercial company. It is an honour because it marks a turning point for Raukawa and returns our people as a powerful commercial force within our rohe.

The formation of RIDL means we have returned as a significant commercial entity within our region, who will seek out the best and most appropriate commercial opportunities for our people locally, nationally and globally. We now have assets and investment funds to generate profits. The dispossession and diminishing of our resources and assets must never happen again, and it has been the focus of the RIDL

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board to create a constitution, rules and management structure that will withstand the rigours and challenges ahead. The RIDL board has and will continue to be guided by the realisation that the model we put in place today must be robust to protect our assets for this and future generations. It must be one which has a clear focus on wealth generation, to ensure the leaders on the Raukawa Settlement Trust have the resources to drive social and cultural initiatives for the people. We have been fortunate to be able to assess and review the successes and failures of other iwi who have travelled these roads of post-settlement commercial development. It is clear from our investigations that the priority is to put in place systems that absolutely protect our assets and funds, and to implement investment and growth strategies that are consistent with the longterm aspirations of people intrinsically linked to our tribal lands. It is a process that looks for sustainable opportunities, guided by the very best business and governance practice. It is a model which separates commercial activity from the day to day social and cultural focus of the iwi. It is an honour not taken lightly by myself and the RIDL board, to ensure we lock in place a commercial structure that will withstand the test of time. In the following pages RIDL will expand on our activities from our inception in September 2010, until the end of our reporting period on June 30, 2011. The priority has been to invest our funds in appropriate and diverse sectors, to maximise returns and to spread our risk to ensure we cannot be too severely impacted by the volatility in national and international financial markets in recent years.

We have also begun implementing a business model that is transparent, appropriately resourced and protected to provide an environment that fosters the very best business and governance. I would like to thank my fellow board members for the diligence they have shown in their work. I would like to thank the many business and iwi commercial leaders who have provided advice and examples of their experiences to help inform how our commercial company will move forward. I would especially like to thank Tainui Group Holdings (TGH) chairman John Spencer. Mr Spencer has led one of the most impressive turn-arounds of an iwi commercial company in this country. In just 10 years, under his chairmanship, TGH has grown to become one of the most significant and influential businesses in the Waikato. Mr Spencer has been very generous in sharing his experience and in allowing RIDL access to examples within the TGH structure, management and rules. I am grateful that he has gifted his time to the assist the people of Raukawa. These are early days for RIDL and we have taken firm steps in our journey. These are exciting times for our iwi as we resume our role as a leading commercial force within the rohe. I stand invigorated by the vibrant future ahead for our company and for our iwi.

Vanessa Eparaima Chairperson Raukawa Iwi Development Limited

Raukawa iwi development limited Directory as at 30 June 2011 Nature of Business – Investment company Address – 26 - 32 Campbell Street, Tokoroa Telephone – 07 885 0260 Registered Office – 26 - 32 Campbell Street, Tokoroa Auditors – Finn & Partners, Te Awamutu Bankers – Westpac, Hamilton GST – Two Monthly Associated Entities Raukawa Settlement Trust Raukawa Charitable Trust Raukawa Trust Board & Subsidaries New Dawn 3 Limited Raukawa Settlement Trust Limited Directors Barbara Anderson John Edmonds Vanessa Eparaima - Chairperson Christopher McKenzie Andrew Paul Shares 100 Shareholders Raukawa Settlement Trust Limited

Vanessa Eparaima

John Edmonds

Barbara Anderson

Mōkai Marae Rep RST Trustee RIDL Chair RSTL Director

Owairaka Marae Rep RST Trustee RIDL Director RSTL Director

Ngatira Marae Rep RST Trustee RIDL Director

Chris McKenzie

Andrew Paul

Te Kaokaoroa ō Pātetere Hapū Rep Treaty Lead Negotiator RST Chair RIDL Director RSTL Director

Te Kaokaoroa ō Pātetere Hapū Rep RST Trustee RIDL Director

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pūrongorongo toihau o raukawa trust board raukawa trust board chair's report We are now seeing some of the positive results that good planning and a focus bring to achieving outcomes.

On behalf of the Raukawa Trust Board, I am pleased to present the annual report for the period ending 30th June 2011. As you will be aware, the majority of the functions of the Raukawa Trust Board were transferred to the new entity the Raukawa Charitable Trust while the major assets were purchased by Raukawa Iwi Development. As a result of legislation relating to the transfer of the fisheries settlement assets, the Raukawa Trust Board must continue as an entity of the Raukawa Settlement Trust, while ROTAB, which is reported on further in this report, must also continue to function around the governance of our Raukawa fisheries assets. As a result, there is limited activity to report with regard to the Raukawa Trust Board – however, there is some detail around financial activity, primarily relating to the transition. The year in reflection The Ruakawa Trust Board reported an overall deficit of $1,235,457 for the period ended 30th June 2011 compared to a surplus of $364,849 for the previous year. The deficit is a reflection of the transition from the Raukawa Trust Board to the Raukawa Charitable Trust and was one which was expected, due to time frames involved in the transition. For example, whereas in 2010 the Raukawa Trust Board received $4,262,023 in contract funding, during this reporting period all contract revenues were transferred to the

Raukawa Charitable Trust. It should be noted that funds for the purchase of our major assets were receipted after the end of the financial year. However, the Raukawa Trust Board continued to incur costs related to the transition from RTB to RCT, while relying on significantly diminished income streams of just $51,000. At the same time, the Raukawa Trust Board gifted not only $500,000 to the Raukawa Settlement Trust for distribution but also all of our office equipment assets to the Raukawa Charitable Trust Board. As the Trust had sold assets to Raukawa Iwi Development Limited at balance date the Trust no longer owned property, plant or equipment. The Raukawa Trust Board is the parent body of the ROTAB Investments Limited (ROTAB). I am happy to report that during this year ROTAB achieved good results for our Raukawa fisheries assets having achieved a surplus of $88,292 during this year compared to a surplus of $137,363 for the previous year. This has been achieved through a prudent approach to business whereby ROTAB has maintained a “business as usual” holding strategy, seeking to improve bottom line results and grow the fisheries assets. The ROTAB are not advising a dividend for the year and have recommended that all monies are reinvested into ROTAB. The Tainui Waka Alliance, comprising Raukawa Fisheries, Tainui Group Holdings Limited and Te Kupenga o Maniapoto continue to provide good results. I wish to thank Don Scarlett, Chair of ROTAB, his Board of Directors and secretariat for the excellent work they have been doing on our behalf.

George Rangitutia Chairman Raukawa Trust Board. 31

Raukawa trust board Directory as at 30 June 2011

Nature of Business – Health & Social Services Provider Address – 26 - 32 Campbell Street, Tokoroa Telephone – 07 885 0260 Registered Office – 26 - 32 Campbell Street, Tokoroa Auditors – Finn & Partners, Te Awamutu Bankers – Westpac, Hamilton GST – Two Monthly Associated Entities Raukawa Charitable Trust Raukawa Iwi Development Limited Raukawa Settlement Trust New Dawn 3 Limited Raukawa Settlement Trust Limited Trustees George Rangitutia Miriata Te Hiko Kataraina Hodge Rangitiriata Hodge Andrew Paul

Kataraina Hodge

Rangitiriata Hodge

Wharepuhunga Rep

Te Pae ō Raukawa Rep

George Rangitutia

Andrew Paul

Miriata Te Hiko

Wharepuhunga Rep

Te Kaokaoroa ō Pātetere Rep

Te Pae ō Raukawa Rep

R a u k a w a S e t t l e m e n t Tr u s t A n n u a l R e p o r t 2 0 1 0 / 1 1

Raukawa trust board

TŌ MĀTOU PŪTAKE OUR PURPOSE Our purpose is to support the whanau, hapū and marae of Raukawa. Whakahōnore i tō tātou Tupuna i a Raukawa Honour our Tupuna Raukawa WHAKAMANA I TŌ TĀTOU IWI Empower our people

Whakapuāwai i ngā wawata Realise our dreams and aspirations

Whakakotahi i te iwi Unite the tribe Hangaia te kaupapa mō te oranga Build a foundation for our future

TŌ MĀTOU PŪMANAWA OUR VALUES

WAIRUATANGA Spirituality is the essence of our being

Being honest, trustworthy and respectful

WHANAUNGATANGA Relationships People first, developing strong and meaningful relationships with whanau, hapū, marae and others RANGATIRATANGA Leadership, self-determination

Raukawa takes ownership of its future fostering leadership

MANAAKITANGA Caring for ourselves and others Raukawa acting in a supportive and caring manner

KAITIAKITANGA Guardianship and protection

PUKENGA Being accomplished and skilled

UKAIPO Land as sustenance for our people

KOTAHITANGA Unity is strength

Protecting the future of Raukawa Aiming high and achieving our goals Ruakawa exercising mana whenua in Raukawa tribal boundaries Working together to achieve our purpose.

Te Taiwhanga Ika Moana ō Raukawa Raukawa Fisheries Limited As the Mandated Iwi Organisation, the Raukawa Trust Board requires the directors of its Asset Holding Company Raukawa Fisheries Limited to supply a separate report1 on activities for the year ending 30 June 2011. For the ease of reader, this activity is represented in the following tables: He Āta Tirohanga mō ROTAB ROTAB Group Overview

Sales and Exchanges of Settlement Quota for year ending 30 June 2011 1 Reporting Requirements Detail for period 1 July 2009-30 June 2010

The Directors have continued to maintain a prudent approach to business. All subsidiary companies have been amalgamated into ROTAB as at 1 August 2010 for eventual transfer to the Raukawa Settlement Trust. The Directors awaits further instruction from the Shareholder, Raukawa Trust Board, regarding the transfer of fisheries.

Quantity of Settlement Quota (Total ACE)

1 October 2010 Deepsea, 359,994 kg Inshore, 4,620 kg Scampi, 2,739 kg HMS, 18,906 kg ORH-OEO, 25, 357 kg Eel, 571 kg

1 April 2011 Southern Blue Whiting 1, 16 kg Southern Blue Whiting 6A, 4, 371 kg Southern Blue Whiting 6B, 18,284 kg Southern Blue Whiting 6I, 78,362 kg Southern Blue Whiting 6R, 14,660 kg

Overall surplus of $95,506 for year ended 30 June 2011.

Value of Settlement Quota exchanged (GST exclusive)

Te Ika Moana me te Tātai Kāhui Fisheries and Mandate Achieving ‘Mandated Iwi Organisation’ (‘MIO’) status is a key requirement of the fisheries settlement process. The Raukawa Trust Board is the recognised MIO for Raukawa, and Raukawa Fisheries is the recognised ‘Asset Holding Company’ (‘AHC’) for the Raukawa quota. The new Raukawa post settlement entity and commercial arm are required to secure necessary mandates as a MIO and AHC respectively before Raukawa Fisheries Limited (‘RFL’) can transfer its assets and RFL and its shareholder ROTAB can wind up officially.

Subtotal 412,187 kg

Subtotal 115,693 kg

TOTAL 527,880 kg $140,001.87 $15,616.40

1 October 2010: 1 April 2011:

TOTAL $155,618.27

Identity of Purchaser

Raukawa Allowable Catch Entitlement (ACE) is sold as a package as part of Tainui Waka Fisheries arrangement, long with Te Kupenga O Maniapoto Limited (Maniapoto Maori Trust Board) and Tainui Fisheries Limited (Tainui Group Holdings Limited).

Any transaction with Settlement Quota resulting in a registered interest or caveat

Nil

The Settlement Quota interests registered against the Quota shares of the Board

Nil

The Value of Income Shares sold, exchanged or acquired

Nil 1

Raukawa Trust Board Deed 2009, s7.2a (iv)A-F

Interactions of the Board in Fisheries Matters 2 Reporting Requirements Detail for period 1 July 2009-30 June 2010 Interactions of the Board with other entities within Raukawa

Nil to report

Interactions of the Board with other Mandated Iwi Organisations

Maniapoto Māori Trust Board, through its AHC fishing company Te Kupenga ō Maniapoto Limited

Tainui Group Holdings Limited, through its AHC fishing company Tainui Group Holdings Limited

With Te Ohu Kaimoana Trustee Limited

Usual operational communications as required from time to time 2

Raukawa Trust Board Deed 2009, s7.2 (v) A-C

R a u k a w a S e t t l e m e n t Tr u s t A n n u a l R e p o r t 2 0 1 0 / 1 1

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2011

Raukawa Settlement Trust Group Statement of Financial Performance Statement of Movements in Equity Statement of Financial Position Notes to the Financial Statements Auditor’s Report

36 37 37 38 40

Raukawa Charitable Trust Statement of Financial Performance Statement of Movements in Equity Statement of Financial Position Notes to the Financial Statements Auditor’s Report

41 42 42 43 45

Raukawa Iwi Development Group Statement of Financial Performance Statement of Movements in Equity Statement of Financial Position Notes to the Financial Statements Auditor’s Report

46 47 47 48 50

Raukawa Trust Board Statement of Financial Performance Statement of Movements in Equity Statement of Financial Position Notes to the Financial Statements Auditor’s Report

51 52 52 53 56

RAUKAWA settlement TRUST STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2011 GROUP NOTE

2011 $

p a r e n t 2010 $

2011 $

2010 $

Revenue Income Interest Received Maori Authority Distribution

1,019,569 1,771,364 1,980,273

101,852 160,193 1,658,124

71,088 495,089 2,445,836

101,852 160,193 1,658,124

Total Operating Revenue

4,771,206

1,920,169

3,012,013

1,920,169

Accountancy Fees Audit Fees Administration Advertising / Panui Legal Fees Consultancy Specialist Advice - Cultural Computer Costs Communication Costs Occupancy Costs Insurance Power Purchases Fringe Benefit Tax Accommodation / Travel Staff Costs Salaries Vehicle Costs Maintenance / Security Interest

5,074 10,767 178,279 34,873 89,361 271,882 111,783 33,030 32,086 47,766 20,130 10,131 295,883 2,769 6,911 7,014 309,194 28,885 30,194 5,125

2,000 1,332 149,418 - 11,852 566,127 80,000 - - - - - - - - - - - - 1,802

(200) 3,167 64,008 23,803 37,337 221,681 111,783 20,344 19,208 5,000 12,456 6,635 - - - - - 1,129 16,587 2,716

2,000 1,332 149,418 11,852 566,127 80,000 1,802

1,531,137

812,531

545,654

812,531

Bank Fees Hui Expenses Koha General Expenses Printing, Postage & Stationery

76,239 23,338 3,350 13,648 28,998

802 - - - -

2,336 18,571 3,350 6,031 21,863

802 -

145,573

802

52,151

802

Board Chair Honorarium Trustee Travel Trustee Accommodation Trustee Fees Sub Committee Fees Kaumatua / Koha Trustee Training Trustee Health Cover

74,333 54,166 12,035 170,049 24,850 7,178 30,661 14,000

- - - - - - - -

60,000 38,156 5,398 126,149 12,000 7,178 0 12,667

387,272

261,549

Depreciation

106,295

110

Operational Expenses

Administration

Governance

Other Expenses

Donation

617,969

13,150

617,969

13,150

TOTAL EXPENSES

2,788,246

813,333

872,614

813,333

Net Profit before Income Tax Provision for Tax

1,982,960 562,526

1,106,836 215,833

2,139,399 417,183

1,106,836 215,833

Net Surplus / (Deficit)

1,420,434

891,003

1,722,217

891,003

R a u k a w a S e t t l e m e n t Tr u s t A n n u a l R e p o r t 2 0 1 0 / 1 1

RAUKAWA settlement TRUST STATEMENT OF movements in equity FOR THE YEAR ENDED 30 JUNE 2011 GROUP NOTE

2011 $

p a r e n t 2010 $

2011 $

2010 $

Equity as at 1 July Net Surplus CNI Iwi Holdings Limited Settlement Monies Unrealised Profit on Investments

47,217,283 1,420,434 - 1,000,000 -133,920

- 891,003 36,326,280 10,000,000 -

47,217,283 1,722,217 - 1,000,000 -

891,003 36,326,280 10,000,000 -

Total Movements in Equity

2,286,514

47,217,283

2,722,217

47,217,283

Equity as at 30 June

49,503,797

47,217,283

49,939,500

47,217,283

RAUKAWA settlement TRUST STATEMENT OF financial position FOR THE YEAR ENDED 30 JUNE 2011 GROUP NOTE

2011 $

p a r e n t 2010 $

2011 $

2010 $

Current Assets Westpac Bank 1,279,083 Westpac Bank Account 01 - Westpac Bank Account 02 - Westpac Bank Online Saver 436,857 ANZ Call Account 903 Accounts Receivable 519,529 GST Balance 43,706 Raukawa Trust Board - Inter Entity Account Accrued Interest 140,344 Tax Refund Due 615,212 Stock on Hand 31,836 RIDL Dividend Declared - Property, Plant & Equipment 81,606 Funds Advanced for Treaty Claim 443,233 Inter - Enity Loans 9 984,767

47,532 1,452 31 59,355 1,334,533 - 1,899 38,609,290 24,609 155,666 - - - - -

4,140 - - 169,256 903 763 60,990 - 707 383,307 - 670,000 - 443,233 1,057,235

47,532 1,452 31 59,355 1,334,533 1,899 38,609,290 24,609 155,666 -

Total Current Assets

4,577,076

40,234,367

2,790,532

40,234,367

RIDL Investment 11 Property, Plant & Equipment 6 Goodwill Investment Term Deposits / Investments

- 1,507,597 75,000 - 45,802,883

- - - - 7,000,000

49,107,918 439 - 200 -

7,000,000

Total Non-Current Assets

47,385,480

7,000,000

49,108,557

7,000,000

TOTAL ASSETS

51,962,556

47,234,367

51,899,089

47,234,367

Westpac Cheque Account Accounts Payable Credit Cards Accruals Inter Entity Accounts 9

58,471 1,245,737 10,546 61,988 1,082,017

- - - 17,084 -

- 392,200 1,364 29,248 1,536,777

17,084 -

Total Current Liabilites

2,458,759

17,084

1,959,590

17,084

Non-Current Assets

Current Liabilities

Non-Current Liabilities Total Non-Current Assets

TOTAL LIABILITIES

2,458,759

17,084

1,959,590

17,084

NET ASSETS

49,503,798

47,217,283

49,939,499

47,217,283

Equity Retained Earnings

49,503,797

47,217,283

49,939,500

47,217,283

TOTAL EQUITY

49,503,797

47,217,283

49,939,500

47,217,283 37

RAUKAWA settlement TRUST NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2011

1 STATEMENT OF ACCOUNTING POLICIES 1a) REPORTING ENTITY: The financial statements presented here are for the reporting entity Raukawa Settlement Trust (the “Trust”). Raukawa Settlement Trust is a Trust established by a trust deed dated 19 June 2009. The finanial statements are prepared in accordance with generally accepted accounting principles.

parent 2011 COST ACCUMULATED NET BOOK DEPRECIATION VALUE

Office Equipment

549

110

439

549

110

439

parent 2010 COST ACCUMULATED NET BOOK DEPRECIATION VALUE

Office Equipment

1b) MEASUREMENT BASE: These financial statements have been prepared on a historical cost basis, except where otherwise stated.

depreciation expense

2011 $

2010 $

1c) COMPARATIVES: Parent The comparative figures are for the first year of trading and are not for a full year.

Office Equipment

110

Group This is the first year of trading for the Group 1d) CHANGES IN ACCOUNTING POLICIES: There has been no material change to accounting policies. 1e) PARTICULAR ACCOUNTING POLICIES: The following specific accounting policies which materially affect the measurement of financial performance and financial position have been applied. Income Tax Raukawa Settlement Trust and Raukawa Iwi Development Limited are Maori Authorities and are liable for income tax at the Maori Authority tax rate of 19.5%. Raukawa Settlement Trust Limited and New Dawn 3 Limited are ordinary companies and are liable for income tax at the Company tax rates. Accounts Receivable Receivables are stated at expected realisable value. Bad debts are written off during the period in which they are identified. Goods and Services Tax (“GST”) These financial statements are prepared on a GST exclusive basis where all items in the Statement of Financial Performance have been recorded exclusive of GST. Accounts receivable and accounts payable are recorded in the Statement of Financial Position inclusive of GST. Property, Plant and Equipment and Depreciation The Fixed Assets are stated at cost less depreciation accumulated to date.

group 2011 COST ACCUMULATED NET BOOK DEPRECIATION VALUE

Land & Buildings 1,240,000 Office Equipment 9,265 Furniture & Fittings 9,778 Motor Vehicles 427,179 Plant & Equipment 9,277

1,695,499

13,053 1,226,947 3,442 5,823 2,444 7,334 85,038 342,141 2,319 6,958 106,295 1,589,203

group 2010 COST ACCUMULATED NET BOOK DEPRECIATION VALUE

Land & Buildings Office Equipment Furniture & Fittings Motor Vehicles Plant & Equipment

- - - - -

depreciation expense

2011 $

2010 $

Land & Buildings Office Equipment Furniture & Fittings Motor Vehicles Plant & Equipment

13,053 3,442 2,444 85,038 2,319

106,295

4 ASSOCIATES 4a) Advances by Associated Entities are as follows, these intercompany advances are unsecured and principal and interest are payable on demand.

2011 $

2010 $

The Property, Plant and Equipment for New Dawn 3 Limited are shown as current assets as the business has been sold subsequent to balance date.

Raukawa Trust Board (1,082,017) 38,609,290 Raukawa Charitable Trust 896,696 Rotab Investments Limited 88,071 -

Investments Investments are stated at a market value on 30 June 2011.

2 RELATED PARTY TRANSACTIONS 2a) During the year Raukawa Settlement Trust paid allocated costs to Raukawa Charitable Trust of $105,814. (2010: $0)

3 PROPERTY, PLANT AND EQUIPMENT

(97,250) 38,609,290

R a u k a w a S e t t l e m e n t Tr u s t A n n u a l R e p o r t 2 0 1 0 / 1 1

RAUKAWA settlement TRUST NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2011

4b) Associates invested in as at 30 June 2011: Raukawa Charitable Trust Raukawa Trust Board & subsidiaries

5 SECURITIES The following securities & guarantees were in place as at 30 June 2011 Westpac NZ Ltd - intangibles - All present and after acquired accounts recievable constituted by the credit funds in the term deposit account number 03-03180856933-81 with Westpac Bank Ltd and all present and after-acquired property which is proceeds of the collateral referred to in this financing statement.

6 CAPITAL COMMITMENTS As at balance date there are no capital commitments (2010: $nil)

7 EVENTS SINCE BALANCE DATE The $49.1 million investment from Raukawa Settlement Trust to Raukawa Iwi Development Limited has been converted into shares in Raukawa Iwi Development Limited.

8 CAPITAL COMMITMENTS As at balance date there are no capital commitments (2010: $nil)

INDEPENDENT AUDITOR'S REPORT To the Readers of the Financial Reports of the Raukawa Settlement Trust Group. We have audited the fmancial statements of Raukawa Settlement Trust Group on pages 36 to 39 which comprises of the Statement of Financial Position as at 30 June 2011 and the statement of financial performance and notes to and forming part of the financial statements and other explanatory information. Trustee's Responsibility for the Financial Statements The Trustee's are responsible for the preparation and fair presentation of these financial statements in accordance with generally accepted accounting practice in New Zealand; this includes the design implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibilities Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with International standards of Auditing (New Zealand). Those standards require we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material missstatement. Opinion In our opinion the financial statements of Raukawa Settlement Trust Group for the year ended 30 June 2011: â&#x20AC;˘

Comply with generally accepted accounting practice in New Zealand.

â&#x20AC;˘

Give a true and fair view of the financial position of Raukawa Settlement Trust Group as at 30 June 2011 and the results of its operations for the year ended on that date.

Other Reporting Responsibilities We have obtained all the information and explanations we have required. In our opinion proper accounting records have been kept by the Group as far as appears from our examination of these records.

FINN & PARTNERS Chartered Accountants PO Box 17 TE AWAMUTU 16 April 2012

R a u k a w a S e t t l e m e n t Tr u s t A n n u a l R e p o r t 2 0 1 0 / 1 1

RAUKAWA charitable TRUST STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2011 p a r e n t NOTE

2011 $

2010 $

Interest Contracts Insulation Other Income Recoveries Donations

3,405 3,091,321 1,513,939 229,560 259,812 772,635

28,773 176,181 8,114 80,848 -

Total Operating Revenue

5,870,673

293,916

Accountancy Fees ACC Levies Audit Fees Advertising Computer Expenses Telephone Rent / Rates Insurance Electricity Maintenance / Security Purchases Subcontractors Hui Expenses Koha Miscellaneous Project Management Legal Fees Resources Programs Photocopying Salaries Staff Costs Travel and Accommodation Vehicle Expenses Consultancy

9,244 28,266 8,750 18,667 81,347 92,572 159,384 45,246 27,346 78,100 859,883 106,364 50,346 570 21,798 9,000 1,612 22,156 77,059 21,422 2,987,272 139,281 33,228 273,003 245,820

1,500 950 (383) (200) 740 (279) 4,000 144 107,359 997 5,000

5,397,734

119,828

Bank Fees Interest Tax Penalties / Interest Printing, Postage & Stationery

1,932 1,542 3,717 28,119

711 -

35,310

711

Board Chair Honorarium Trustee Fees Kaumatua Costs Trustee Training

12,688 50,659 3,605 13,696

2,586 -

80,647

2,586

Revenue

Operational Expenses

Administration

Governance

Other Expenses Depreciation

66,192

TOTAL EXPENSES

5,579,883

123,125

Net Profit before Income Tax Distribution - Raukawa Trust Board

290,789 500,000

170,791 -

Net Surplus / (Deficit)

790,789

170,791

RAUKAWA charitable TRUST STATEMENT OF movements in equity FOR THE YEAR ENDED 30 JUNE 2011 p a r e n t NOTE

2011 $

2010 $

Equity as at 1 July Net Surplus

170,791 790,789

0 170,791

Total Movements in Equity

790,789

170,791

Equity as at 30 June

961,580

170,791

RAUKAWA charitable TRUST STATEMENT OF financial position FOR THE YEAR ENDED 30 JUNE 2011 p a r e n t NOTE

2011 $

2010 $

Current Assets Westpac Bank Westpac Bank Savings Account Accounts Receivable Stock on Hand Tax Refund Due Prepayments Undeposited Funds Donation - Raukawa Iwi Development Limited Treaty Claims Loan

501,645 1,088,512 62,729 9,493 5,800 4,483 600,683 206,213

298,286 9,493 -

Total Current Assets

2,479,558

307,779

Non-Current Assets 5

168,505

Total Non-Current Assets

Property, Plant & Equipment

168,505

TOTAL ASSETS

2,648,063

307,779

Westpac Cheque Account Westpac Treaty Accounts Accounts Payable GST Payable Credit Cards Year End Accurals Undeposited Funds Inter - Entity Loans 9 Goods & Services Tax

37,022 131,185 396,469 181,796 506 283,077 - 656,428 -

39,386 40,208 24,693 32,701

Total Current Liabilites

1,686,482

136,988

Finance Leases

Total Non-Current Assets

TOTAL LIABILITIES

1,686,482

136,988

NET ASSETS

961,580

170,791

Current Liabilities

Non-Current Liabilities

Equity

Capital Retained Earnings

961,580

170,791

TOTAL EQUITY

961,580

170,791

R a u k a w a S e t t l e m e n t Tr u s t A n n u a l R e p o r t 2 0 1 0 / 1 1

RAUKAWA charitable TRUST NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2011

1 STATEMENT OF ACCOUNTING POLICIES 1a) REPORTING ENTITY: The financial statements presented here are for the reporting entity Raukawa Charitable Trust (the “Trust”). Raukawa Charitable Trust is a Trust established by a trust deed dated 19 June 2009. The finanial statements are prepared in accordance with generally accepted accounting principles. 1b) MEASUREMENT BASE: These financial statements have been prepared on a historical cost basis, except where otherwise stated. 1c) COMPARATIVES The comparative figures are for the first year of trading and are not for a full year. 1d) CHANGES IN ACCOUNTING POLICIES: There has been no material change to accounting policies. Income Tax The Group has Charitable status and is therefore exempt from income tax. Accounts Receivable Receivables are stated at expected realisable value. Bad debts are written off during the period in which they are identified. Goods and Services Tax (“GST”) These financial statements are prepared on a GST exclusive basis where all items in the Statement of Financial Performance have been recorded exclusive of GST. Accounts receivable and accounts payable are recorded in the Statement of Financial Position inclusive of GST. Property, Plant and Equipment and Depreciation The Fixed Assets are stated at cost less depreciation accumulated to date. Investments Investments are stated at a market value on 30 June 2011.

2 RELATED PARTY TRANSACTIONS 2a) During the year Raukawa Charitable Trust received allocated costs from Raukawa Settlement Trust of $105,814. (2010: $0) 2b) During the year Raukawa Charitable Trust received allocated costs from Raukawa Settlement Trust Limited of $58,749. (2010: $0) 2c) During the year Raukawa Charitable Trust received allocated costs from New Dawn 3 Limited of $39,132. (2010: $0) 2d) During the year Raukawa Charitable Trust received allocated costs from Raukawa Trust Board of $81,865. (2010: $0)

2g) During the year Raukawa Charitable Trust recieved a donation from Raukawa Trust Board of $500,000 for the purpose of Uri Distribution. (2010: $0) 2h) During the year Raukawa Charitable Trust recieved a gift from Raukawa Trust Board of all the physical assets. (2010: $0)

3 PROPERTY, PLANT AND EQUIPMENT 2011 COST ACCUMULATED NET BOOK DEPRECIATION VALUE

Motor Vehicles 41,673 Building Improvements 24,929 Furniture & Fittings 39,686 Office Equipment 112,919 Plant & Equipment 15,490

6,601 2,493 6,107 49,442 1,549

35,072 22,436 33,579 63,477 13,941

66,192

168,505

234,697

2010 COST ACCUMULATED NET BOOK DEPRECIATION VALUE

Motor Vehicles Building Improvements Furniture & Fittings Office Equipment Plant & Equipment

- - - - -

depreciation expense

2011 $

2010 $

Motor Vehicles Building Improvements Furniture & Fittings Office Equipment Plant & Equipment

6,601 2,493 6,107 49,442 1,549

66,192

4 SECURITIES oodyear & Dunlop Tyres (NZ) Ltd - over goods, other, G all tyres, batteries & related products and services supplied.

5 SUBSIDIARIES AND ASSOCIATES 5a) Advances by Associated Entities are as follows, these intercompany advances are unsecured and principal and interest are payable on demand.

2011 $

2010 $

Raukawa Trust Board 240,269 Raukawa Settlement Trust (867,715) Raukawa Iwi Development Limited (28,981)

(656,428)

5b) No interest has been charged in the financial year.

2e) During the year Raukawa Charitable Trust received allocated costs from Raukawa Iwi Development of $55,085. (2010: $0) 2f) During the year Raukawa Charitable Trust paid rent & lease to Raukawa Iwi Development of $190,849. (2010: $0)

RAUKAWA charitable TRUST NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2011

5c) Associates as at 30 June 2011: name

principal activities

ownership interest

Raukawa Iwi Development Limited Investment New Dawn 3 Limited Funeral Service Raukawa Settlement Nominee / Trust Limited Management Raukawa Settlement Trust Raukawa Trust Board & Subsidiaries

100% 100% 100%

6 FUTURE COMMITMENTS As at balance date Kensington Swan were owed $31,137.20 for unbilled fees and disbursements in relation to the Waikato River Deed.

7 CAPITAL COMMITMENTS As at balance date there are no capital commitments (2010: $nil)

R a u k a w a S e t t l e m e n t Tr u s t A n n u a l R e p o r t 2 0 1 0 / 1 1

INDEPENDENT AUDITOR'S REPORT To the Readers of the Financial Reports of the Raukawa Charitable Trust. We have audited the financial statements of Raukawa Charitable Trust on pages 41 to 44 which comprises of the Statement of Financial Position as at 30 June 2011 and the statement of financial performance and notes to and forming part of the financial statements and other explanatory information. Trustee's Responsibility for the Financial Statements The Trustee's are responsible for the preparation and fair presentation of these financial statements in accordance with generally accepted accounting practice in New Zealand; this includes the design implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibilities Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with International standards of Auditing (New Zealand). Those standards require we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material missstatement. Opinion In our opinion the financial statements of Raukawa Charitable Trust for the year ended 30 June 2011: â&#x20AC;˘

Comply with generally accepted accounting practice in New Zealand.

â&#x20AC;˘

Give a true and fair view of the financial position of Raukawa Charitable Trust as at 30 June 2011 and the results of its operations for the year ended on that date.

Other Reporting Responsibilities We have obtained all the information and explanations we have required. In our opinion proper accounting records have been kept by the Trust as far as appears from our examination of these records.

FINN & PARTNERS Chartered Accountants PO Box 17 TE AWAMUTU 16 April 2012

RAUKAWA IWI DEVELOPMENT LIMITED STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2011 GROUP NOTE

2011 $

p a r e n t 2010 $

2011 $

2010 $

Revenue Interest Vehicle Lease Income Property Lease Income Dividend Income Other Income

1,276,159 78,151 121,870 204,437 692,183

- - - - -

1,269,978 78,151 121,870 204,437 613

Total Operating Revenue

2,372,801

1,675,050

Computer Expenses Purchases Operational Costs Salaries Staff Costs Interest Advertising Telephone Rent / Rates Insurance Maintenance / Security Hui Expenses Subscriptions / Memberships Corporate Services Charges Legal Vehicle Expenses Investment Advice

7,023 295,883 10,629 163,169 3,762 10 11,070 6,298 37,766 6,364 11,907 1,917 1,482 80,876 47,750 13,138 43,495

- - - - - - - - - - - - - - - - -

277 - - - - - - 1,853 874 214 5,836 1,917 139 41,744 46,746 - 43,495

742,538

143,094

Brokerage / Fund Fees Audit Fees Printing, Postage & Stationery

73,432 - 6,000 4,949 -

72,367 3,000 2,160

84,381

77,528

Board Chair Honorarium Board Chair Disbursements Director Travel Director Accommodation Directors Fees Sub Committee Fees Directors Training

14,333 200 15,810 6,636 43,900 12,850 30,661

- - - - - - -

14,333 200 15,810 6,636 43,900 12,850 30,661

124,390

Depreciation

106,185

Operational Expenses

Administration

Governance

71,791

Other Expenses

Donation

600,683

600,683 416,803

600,683

TOTAL EXPENSES

1,658,177

1,017,486

Net Profit before Income Tax Provision for Tax

714,624 145,343

- -

657,564 128,225

Net Profit after Income Tax

569,281

529,339

R a u k a w a S e t t l e m e n t Tr u s t A n n u a l R e p o r t 2 0 1 0 / 1 1

RAUKAWA IWI DEVELOPMENT LIMITED STATEMENT OF movements in equity FOR THE YEAR ENDED 30 JUNE 2011 GROUP NOTE

2011 $

p a r e n t 2010 $

2011 $

2010 $

Equity as at 1 July Share Capital Net Surplus Dividend Declared Unrealised Profit on Investments

- - 100 569,281 - (670,000) - (133,920) -

- 100 529,339 (670,000) (133,920)

Total Movements in Equity

(234,539)

(274,481)

Equity as at 30 June

(234,539)

(274,481)

RAUKAWA IWI DEVELOPMENT LIMITED STATEMENT OF financial position FOR THE YEAR ENDED 30 JUNE 2011 GROUP NOTE

2011 $

p a r e n t 2010 $

2011 $

2010 $

Current Assets Westpac Bank Westpac Bank Savings Account Accounts Receivable Accrued Interest Tax Refund Due Property, Plant & Equipment 3 Stock on Hand Inter - Entity Loans 4

1,274,680 267,602 260,976 139,637 231,859 81,606 31,836 612,946

- - - - - - - -

1,260,484 267,602 146,176 139,637 248,977 - - 785,654

Total Current Assets

2,901,142

2,848,529

Westpac Term Deposit Westpac Managed Fund First NZ Capital Property, Plant & Equipment 3 Shares Goodwill

9,569,903 15,448,503 20,784,477 1,507,158 - 75,000

- - - - - -

9,569,903 15,448,503 20,784,477 1,507,158 100 -

Total Non-Current Assets

47,385,041

47,310,141

TOTAL ASSETS

50,286,184

50,158,671

Accounts Payable Accurals GST Payable Credit Cards Raukawa Settlement Trust 6 Provision for Dividend

698,744 30,900 10,185 2,975 49,107,918 670,000

- - - - - -

646,257 3,450 2,552 2,975 49,107,918 670,000

Total Current Liabilites

50,520,723

50,433,152

Total Non-Current Assets

TOTAL LIABILITIES

50,520,723

50,433,152

NET ASSETS

(234,539)

(274,481)

Capital Retained Earnings

(234,539)

(274,481)

TOTAL EQUITY

(234,539)

(274,481)

Non-Current Assets

Current Liabilities

Non-Current Liabilities

Equity

RAUKAWA IWI DEVELOPMENT LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2011

1 STATEMENT OF ACCOUNTING POLICIES 1a) REPORTING ENTITY: The financial statements presented here are for the reporting entity Raukawa Iwi Development Limited (the “Company”). Raukawa Iwi Development Limited is a Company incorporated under the provisions of the Companies Act 1993. The financial statements are prepared in accordance with generally accepted accounting practice. 1b) MEASUREMENT BASE: These financial statements have been prepared on the historical costs basis, except where otherwise stated. 1c) FIRST YEAR OF REPORTING: These financial statements are the first prepared for this entity, accordingly there are no comparative figures. 1d) SPECIFIC ACCOUNTING POLICIES: The following specific accounting policies which materially affect the measurement of financial performance and financial position have been applied. 1e) DIFFERENTIAL REPORTING Raukawa Iwi Development Limited has taken advantage of the differential reporting exemptions: (i) The Company does not have public accountibility and at 30 June 2011, and (ii) at 30 June 2011 all of its owners are members of the company's governing body. Income Tax The Company is a Maori Authority and is liable for income tax. Accounts Receivable Receivables are stated at expected realisable value. Bad debts are written off during the period in which they are identified. Goods and Services Tax (“GST”) These financial statements are prepared on a GST exclusive basis where all items in the Statement of Financial Performance have been recorded exclusive of GST. Accounts receivable and accounts payable are recorded in the Statement of Financial Position inclusive of GST. Property, Plant and Equipment and Depreciation The Fixed Assets are stated at cost less depreciation accumulated to date. Depreciation is calculated at rates in accordance with the those permitted by the Inland Revenue Department for taxation purposes. Investments Investments are stated at a market value on 30 June 2011.

2 RELATED PARTY TRANSACTIONS 2 (a) During the year Raukawa Iwi Development Limited paid allocated costs to Raukawa Charitable Trust of $55,085 (2010: $0) 2 (b) During the year Raukawa Iwi Development Limited received rent and lease income from Raukawa Charitable Trust of $190,849 (2010: $0) 2 (c) During the year Raukawa Iwi Development Limited received rent income from New Dawn 3 Limited of $36,896 (2010: $0) 2 (d) During the year Raukawa Iwi Development Limited received interest income from Raukawa Settlement Trust of $73 (2010: $0)

3 PROPERTY, PLANT AND EQUIPMENT group 2011 COST ACCUMULATED NET BOOK DEPRECIATION VALUE

Land & Buildings 1,240,000 Office Equipment 8,716 Plant & Equipment 9,277 Furniture & Fittings 9,778 Motor Vehicles 427,179

1,694,950

13,053 1,226,947 3,332 5,384 2,319 6,958 2,444 7,334 85,038 342,141 106,185 1,588,765

group 2010 COST ACCUMULATED NET BOOK DEPRECIATION VALUE

Land & Buildings Office Equipment Plant & Equipment Furniture & Fittings Motor Vehicles

- - - - -

parent 2011 COST ACCUMULATED NET BOOK DEPRECIATION VALUE

Land & Buildings Office Equipment Motor Vehicles

1,240,000 3,368 335,582

13,053 1,226,947 1,180 2,188 57,559 278,023

1,578,950

71,791 1,507,158

parent 2010 COST ACCUMULATED NET BOOK DEPRECIATION VALUE

Land & Buildings Office Equipment Motor Vehicles

- - -

group depreciation expense

2011 $

2010 $

Land & Buildings Office Equipment Plant & Equipment Furniture & Fittings Motor Vehicles

13,053 3,332 2,319 2,444 85,038

106,185

R a u k a w a S e t t l e m e n t Tr u s t A n n u a l R e p o r t 2 0 1 0 / 1 1

RAUKAWA IWI DEVELOPMENT LIMITED NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2011

parent depreciation expense

2011 $

2010 $

Land & Buildings Office Equipment Motor Vehicles

13,053 1,180 57,559

71,791

4 SUBSIDIARIES AND ASSOCIATES 4a) Advances by Associated Entities are as follows, these intercompany advances are unsecured and principal and interest are payable on demand.

2011 $

2010 $

Raukawa Trust Board Raukawa Settlement Trust Limited Raukawa Charitable Trust New Dawn 3 Limited Raukawa Settlement Trust

- 71,012 28,981 230,900 454,761

785,654

4b) No interest has been charged in the financial year. 4c) Subsidiaries owned as at 30 June 2011: name

principal activities

New Dawn 3 Limited Funeral Service

ownership interest

100%

Associates invested in as at 30 June 2011: Raukawa Charitable Trust Raukawa Trust Board Raukawa Settlement Trust Limited Raukawa Settlement Trust Rotab Investments Limited 4d) Control Raukawa Iwi Development Limited is controlled by the Raukawa Settlement Trust. Control is exercised by the ability to appoint Directors.

5 CAPITAL COMMITMENTS As at balance date there are no capital commitments (2010: $nil)

6 EVENTS SINCE BALANCE DATE T he $49.1 million investment from Raukawa Settlement Trust to Raukawa Iwi Development Limited has been converted into shares in Raukawa Iwi Development Limited.

INDEPENDENT AUDITOR'S REPORT To the Readers of the Financial Reports of the Raukawa Iwi Developments Limited Group. We have audited the financial statements of Raukawa Iwi Developments Limited Group on pages 46 to 49 which comprises of the Statement of Financial Position as at 30 June 2011 and the statement of financial performance and notes to and forming part of the financial statements and other explanatory information. Director's Responsibility for the Financial Statements The Director's are responsible for the preparation and fair presentation of these financial statements in accordance with generally accepted accounting practice in New Zealand; this includes the design implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibilities Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with International standards of Auditing (New Zealand) . Those standards require we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material missstatement. Opinion In our opinion the financial statements of Raukawa Iwi Developments Limited Group for the year ended 30 June 2011: â&#x20AC;˘

Comply with generally accepted accounting practice in New Zealand.

â&#x20AC;˘

Give a true and fair view of the financial position of Raukawa Iwi Developments Limited Group as at 30 June 2011 and the results of its operations for the year ended on that date.

FINN & PARTNERS Chartered Accountants PO Box 17 TE AWAMUTU 16 April 2012

R a u k a w a S e t t l e m e n t Tr u s t A n n u a l R e p o r t 2 0 1 0 / 1 1

RAUKAWA TRUST board STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2011 GROUP NOTE

p a r e n t

2011 $

2010 $

2011 $

2010 $

Contracts Other Income Fishing Quota Sales Dividends & Interest Received

(7,288) 10,417 157,344 115,608 145,196

4,262,023 301,853 210,574 827,761 1,979,321

(7,288) 14,429 - - 43,836

4,262,023 301,853 1,924,436

Total Operating Revenue

421,277

7,581,532

50,977

6,488,312

Accountancy Fees Audit Fees Administration Advertising / Panui Legal Fees Consultancy Doctors & Chemists Purchases Computer Costs Communication Costs Occupancy Costs Insurance Power Vehicle Costs Maintenance / Security Plant & Equipment & Insulation Materials Interest

34,299 34,350 81,865 458 84,997 206,358 - 180,221 65,062 933 17,718 12,065 - 30,700 2,763 - 76,417

60,553 42,232 317,329 55,568 111,863 320,299 118,753 1,116,006 146,322 117,436 86,928 61,198 38,353 225,228 90,104 74,412 82,637

13,654 18,350 81,865 458 79,473 123,972 - - 65,062 933 17,718 7,615 - 30,700 2,763 68,971 62,188

45,966 16,979 293,359 44,426 109,913 194,549 118,753 137,083 111,917 173,488 43,654 36,036 188,587 83,024 715,200 43,129

828,206

3,065,221

573,722

2,356,063

Bank Fees Hui Expenses Koha IRD penalties General Expenses / Resources Printing, Postage & Stationery

3,055 5,629 1,200 3,534 6,129 456

5,473 151,271 4,960 - 59,304 105,477

2,048 5,629 1,200 - 3,814 456

3,813 151,271 4,960 124,156 101,858

20,003

326,485

13,147

386,058

Salaries Travel Staff Training & Benefits Trustee Fees Fringe Benefit Tax Board Chair Honorarium ACC levies

3,563 5,700 34,522 18,167 - 7,788 97

3,108,837 83,860 193,514 121,273 37 - 16,334

1,300 5,700 34,522 1,122 - - -

2,912,664 82,011 197,739 83,658 -

69,837

3,523,855

42,644

3,276,073

Depreciation Depreciation recovered

88 (76,641)

137,171 -

- (70,028)

105,269 -

(76,553)

137,171

(70,028)

105,269

GST Adjustment Donation

- 726,949

26,588 -

- 726,949

726,949

26,588

726,949

TOTAL EXPENSES

1,568,442

7,079,320

1,286,434

6,123,463

Net Surplus / (Deficit)

(1,147,165)

502,212

(1,235,457)

364,849

Revenue

Operational Expenses

Administration

Personnnel

Other Expenses

RAUKAWA TRUST board STATEMENT OF movements in equity FOR THE YEAR ENDED 30 JUNE 2011 GROUP

p a r e n t

NOTE

2011 $

2010 $

2011 $

2010 $

Equity as at 1 July Net Surplus / (Deficit) ROTAB Investments Current Account Share Capital Goodwill Asset Revaluation Reserve Fisheries Settlement IRD Adjustments Amalgamation Capital Gain on Asset Disposal

1,825,547 (1,147,165) - (400) 75,000 861,687 1,227,453 45,696 884,187 593,541

4,295,683 502,212 - - - (13,836) - - - 88,442

1,817,055 (1,235,457) - - - - - - - 12,789

1,612,206 364,849 (160,000) -

Total Movements in Equity

2,539,999

576,818

(1,222,668)

204,849

Equity as at 30 June

4,365,546

4,872,501

594,387

1,817,055

RAUKAWA TRUST board STATEMENT OF financial position FOR THE YEAR ENDED 30 JUNE 2011 GROUP NOTE

2011 $

p a r e n t 2010 $

2011 $

2010 $

Westpac Bank Westpac Bank 03 Account Westpac Bank 05 Account Westpac Bank 07 Account Westpac Bank 10 Account Westpac Bank Online Saver Westpac Bank 09 Account Accounts Receivable GST Balance Inter Entity Accounts 9 Accrued Interest Stock on Hand Tax Refund Due Hiona Whanau Trust Loan Property Improvements Motor Vehicles Property, Plant & Equipment Furniture & Fittings Office Equipment Raukawa Settlement Trust - Westpac Accounts

979,391 986,673 89 - - 105,166 4,186 31 43,013 584,148 64,483 57,201 1,082,017 372 77,530 - 102,412 23,933 4,436 1,111 - - - 1,149,479 - - - 3,417,524

388,196 89 - - 105,166 4,186 31 61 34,989 1,082,017 91 - - 1,111 - - - - - -

0 21,914 175 3 198,008 1,588 449,394 32,662 631,488 75,678 70,120 14,150 24,929 147,789 15,490 29,779 74,415 3,417,524

Total Current Assets

2,303,792

6,379,403

1,615,937

5,205,106

Equity Investments 7 Property Plant & Equipment Investments Fishing Quota Term Deposits

1,391,000 59 - 950,000 274,754

850,000 148 37,433,419 950,000 -

541,000 - - - 274,754

541,000 36,326,208 -

Total Non-Current Assets

2,615,813

39,233,567

815,754

36,867,208

TOTAL ASSETS

4,919,605

45,612,970

2,431,691

42,072,314

Current Assets

Non-Current Assets

R a u k a w a S e t t l e m e n t Tr u s t A n n u a l R e p o r t 2 0 1 0 / 1 1

RAUKAWA TRUST board STATEMENT OF financial position FOR THE YEAR ENDED 30 JUNE 2011 GROUP NOTE

p a r e n t

2011 $

2010 $

2011 $

2010 $

Westpac Bank Westpac Bank 09 Account Credit Card Balances GST Payable Accounts Payable Advances on Contracts Inter Entity Accounts 9 Accruals Term Loans

- - - - 188,115 - 328,340 37,605 -

837,073 - 9,200 18,397 800,032 - 38,609,290 133,681 332,796

- - - - 184,525 - 1,652,779 - -

778,466 58,607 9,200 548,803 107,090 38,609,290 143,803 -

Total Current Liabilites

554,060

40,740,469

1,837,304

40,255,259

TOTAL LIABILITIES

554,060

40,740,469

1,837,304

40,255,259

NET ASSETS

4,365,546

4,872,501

594,387

1,817,055

Current Liabilities

Equity Retained Earnings

4,365,546

4,872,501

594,387

1,817,055

TOTAL EQUITY

4,365,546

4,872,501

594,387

1,817,055

RAUKAWA TRUST board NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2011 1 STATEMENT OF ACCOUNTING POLICIES 1a) REPORTING ENTITY: The financial statements presented here are for the reporting entity Raukawa Trust Board (the “Trust”) and the condolidated financial statements are for the group comprising Raukawa Trust Board and its wholly owned subsidiaries Rotab Investments Limited, New Dawn 1 Limited, New Dawn 2 Limited, Raukawa Fisheries Limited and Raukawa Portfolio Holdings Limited (together the "Group"). Raukawa Trust Board is a Charitable Trust incorporated under the provisions of the Charities Act 1957. The financial statements are prepared in accordance with generally accepted accounting practice. 1b) MEASUREMENT BASE: Unless otherwise specified, the measurement basis adopted is that of Realisation Basis due to the sale of the Trusts assets in July 2010. In most cases the realisation value was the same as the historical cost.

Goods and Services Tax (“GST”) The financial statements have been prepared on a GST exclusive basis where all items in the Statement of Financial Performance have been recorded exclusive of GST. Accounts receivable and accounts payable are recorded in the Statement of Financial Position inclusive of GST. Leases The Trust had no Operating Lease Agreements in place at balance date. Property, Plant and Equipment and Depreciation The Trust no longer owned any Property, plant and equipment as at balance date due to the sale of its assets to Raukawa Iwi Development Ltd and Raukawa Charitable Trust. Investments Investments are stated at cost, except for publicly listed company shares, which are valued at market value on 30 June 2011.

1c) CHANGES IN ACCOUNTING POLICIES: The measurement base adopted for preparation of the financial statements has changed from realisation basis to historical cost. This has not resulted in any material alterations to the value or assets and liabilities recorded on the balance sheet.

2 OPERATION OF RAUKAWA TRUST BOARD

1d) SPECIFIC ACCOUNTING POLICIES: The following specific accounting policies which materially affect the measurement of financial performance and financial position have been applied.

(a) During the year Raukawa Trust Board paid administration costs to Raukawa Charitable Trust of $81,865. (2010: $0)

Income Tax The Group has charitable status and is therefore exempt from income tax. Accounts Receivable Receivables are stated at expected realisable value. Bad debts are written off during the period in which they are identified.

During the year, the actual operational activity of the board was taken over by Raukawa Charitable Trust.

3 RELATED PARTY TRANSACTIONS

(b) During the year Raukawa Trust Board made a donation to Raukawa Settlement Trust Limited of $56,276 (2010: $0) (c) During the year Raukawa Trust Board made a donation to Raukawa Charitable Trust of $500,000 for the purpose of Uri Distribution. (2010: $0) (d) The Raukawa Trust Board agreed to gift all the physical assets to Raukawa Charitable Trust 53

RAUKAWA TRUST board NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2011

6 FINANCE LEASES

4 LEASE & RENTAL OBLIGATIONS Obligations payable after balance date on Leases and Rentals are:

Obligations payable after balance date on finance leases are as follows:

2011 $

2010 $

Vehicles Computer Equipment

- -

82,697 57,802

140,499

2011 $

2010 $

Less than 1 year 1-2 years 2-5 years More than 5 years

- - - -

134,655 5,844 -

140,499

5 PROPERTY, PLANT AND EQUIPMENT group 2011 COST ACCUMULATED NET BOOK DEPRECIATION VALUE

Office Equipment

1421

1362

1421

1362

group 2010 COST ACCUMULATED NET BOOK DEPRECIATION VALUE

Land & Buildings 841,940 Building Improvements 41,549 Waka Canoe 65,557 Motor Vehicles 221,001 Office Equipment 222,035 Plant & Equipment 171,674 Furniture & Fittings 210,808

93,914 16,620 65,557 73,212 147,620 156,183 181,029

748,026 24,929 147,789 74,415 15,491 29,779

640,221

292,403

932,624

depreciation expense

2011 $

2010 $

Buildings Building Improvements Motor Vehicles Office Equipment Plant & Equipment Furniture & Fittings

- - - 88 - -

19,971 4,155 48,111 44,157 3,394 17,384

137,172

parent 2011 COST ACCUMULATED NET BOOK DEPRECIATION VALUE

7 INVESTMENTS

2010 $

2009 $

Tukia Group Limited

541,000

8 SECURITIES The following securities & guarantees were in place as at 30 June 2011 Westpac - Interlocking Guarantees between: New Dawn 1, New Dawn 2, Raukawa Trust Board & Rotab Investments Registered First Mortgage over property as legally described in Certificate of Title 2014/84 Registered First Mortgage over property as legally described in Certificate of Title 46D/87 Portcom NZ Ltd - All Present and after acquired personal property Fuji Xerox - DCC250 Copy/Print/Scan/Fax Fuji Xerox - DC-11 C3000 Copy/Print/Scan/Fax - 2 Tray Fuji Xerox - ApeosPort-111 C4400 CPSF Fuji Xerox - ApeosPort-11 C6500 CPS/FCW - Left used Fuji Xerox - ApeosPort-111 C3300 CPSF - English Fuji Xerox - ApeosPort-111 C3300 CPSF - English (2) Toyota Finance NZ Ltd - Toyota Hilux EAS887

parent 2010 COST ACCUMULATED NET BOOK DEPRECIATION VALUE

Building Improvements 41,549 Waka Canoe 65,557 Motor Vehicles 179,597 Office Equipment 195,196 Plant & Equipment 171,674 Furniture & Fittings 207,656 Leased Photocopier Equipment 198,528

16,620 65,557 31,808 120,781 156,183 177,877 198,528

767,354

292,403

1,059,757

depreciation expense

2011 $

24,929 147,789 74,415 15,491 29,779

2010 $

Building Improvements Motor Vehicles Office Equipment Plant & Equipment Furniture & Fittings

- - - - -

4,155 39,416 42,823 2,468 16,408

105,270

Toyota Finance NZ Ltd - Toyota Camry DUL430 GE Finance & Insurance - Kyocera 2030 npff2205 pab

R a u k a w a S e t t l e m e n t Tr u s t A n n u a l R e p o r t 2 0 1 0 / 1 1

RAUKAWA TRUST board NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2011

9 SUBSIDIARIES AND ASSOCIATES 9a) Subsidiaries owned as at 30 June 2011: name

principal activities

ownership interest

Rotab Investments Limited Holding Company

100%

9b) Associate entities as at 30 June 2011: name

Raukawa Charitable Trust

principal activities

Health & Social Services

Raukawa Iwi Development Limited Property & Investment Raukawa Settlement Trust

Treaty Settlement Entity

New Dawn 3 Limited

Funeral Directors

Raukawa Settlement Trust Limited

Nominee Company

Raukawa Asset Holding Company Limited

Holding Company

9c) Associates invested in as at 30 June 2011: None 9d) Advances by Associated Entities are as follows, these intercompany advances are unsecured and principal and interest are payable on demand.

2011 $

2010 $

Raukawa Iwi Development Limited (88,071) Raukawa Settlement Trust 1,082,017 (38,609,290) Raukawa Charitable Trust (240,269)

753,677 (38,609,290)

9e) The operations of the Raukawa Trust Board have been taken over by related entities

10 FUTURE COMMITMENTS As at balance date Kensington Swan Lawyers were owed $47,728.00 for unbilled fees and disbursements.

11 CAPITAL COMMITMENTS As at balance date there are no capital commitments (2010: $nil)

12 CONTINGENT LIABILITIES As at balance date there are no contingent liabilities (2010: Whakatoa Ltd $71,930)

INDEPENDENT AUDITOR'S REPORT To the Readers of the Financial Reports of the Raukawa Trust Board Inc. We have audited the financial statements of Raukawa Trust Board Inc on pages 51 to 55 which comprises of the Statement of Financial Position as at 30 June 2011 and the statement of financial performance and notes to and forming part of the financial statements and other explanatory information. Trustee's Responsibility for the Financial Statements The Trustee's are responsible for the preparation and fair presentation of these financial statements in accordance with generally accepted accounting practice in New Zealand; this includes the design implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibilities Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with International standards of Auditing (New Zealand). Those standards require we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material missstatement. Opinion In our opinion the financial statements of Raukawa Trust Board Inc for the year ended 30 June 2011: â&#x20AC;˘

Comply with generally accepted accounting practice in New Zealand.

â&#x20AC;˘

Give a true and fair view of the financial position of Raukawa Trust Board Inc as at 30 June 2011 and the results of its operations for the year ended on that date.

FINN & PARTNERS Chartered Accountants PO Box 17 TE AWAMUTU 16 April 2012

R a u k a w a S e t t l e m e n t Tr u s t A n n u a l R e p o r t 2 0 1 0 / 1 1

RST Trustees hui attended July 2010 - June 2011 Trustee

RST Board

RST Sub Com

RST Honorarium

TOTAL GROSS

TRAVEL

PAYE

NETT

Ben Adlam

5,300.00

917.28

1,749.00

4,468.28

Barbara Anderson

6,000.00

1,069.60

1,980.00

5,089.60

John Barnett

3,200.00

574.98

1,056.00

2,718.98

Kevin Clair

200.00

66.50

70.00

196.50

Caroline Rangitoheriri - Dally

2,600.00

916.02

858.00

2,658.02

John Edmonds

5,700.00

1,558.06

1,881.00

5,377.06

Vanessa Eparaima

9,300.00

2,541.53

3,069.00

8,772.53

Kataraina Hodge

6,800.00

1,897.00

2,244.00

6,453.00

Rangitiriata Hodge

5,700.00

36.40

1,881.00

3,855.40

Bubby Huges

5,000.00

109.48

1,650.00

3,459.48

Connie Hui

4,300.00

728.00

1,419.00

3,609.00

Rina Lawson

5,500.00

1,512.84

1,815.00

5,197.84

Chris Mc Kenzie

11.00

59,773.09

19,725.09

40,048.00

Basil Pakaru

3,700.00

427.70

1,221.00

2,906.70

Elthea Pakaru

4,200.00

63.00

1,386.00

2,877.00

Cheryl Pakuru

5,400.00

218.68

1,782.00

3,836.68

Andrew Paul

8,300.00

855.68

2,739.00

6,416.68

Denise Puhi

5,000.00

3,297.00

1,650.00

6,647.00

George Rangitutia

8,100.00

2,673.00

5,427.00

Gaylene Roberts

4,400.00

939.40

1,452.00

3,887.40

Waimatao Smith

5,900.00

1,094.80

1,947.00

5,047.80

Sue Swift

5,400.00

1,093.96

1,782.00

4,711.96

Miriata Te Hiko

7,100.00

201.88

3,405.53

3,896.35

Grant Thompson

4,200.00

226.10

1,386.00

3,040.10

Lorriaine Uatuku

4,400.00

163.38

1,452.00

3,111.38

Wiremu Winika

4,100.00

273.84

1,353.00

3,020.84

219

181

11.00

189,573.09

20,783.11

63,625.62

146,730.58

TRAVEL

PAYE

NETT

RCT Trustees hui attended July 2010 - June 2011 Trustee

RCT Board

RCT Sub Com

RCT Honorarium

TOTAL GROSS

Ben Adlam

4,500.00

852.00

1,419.00

3,933.00

Caroline Rangitoheriri - Dally

4,300.00

1,510.58

1,870.06

3,940.52

Kataraina Hodge

5,600.00

1,361.45

1,848.00

5,113.45

Bubby Hughes

4,500.00

16.25

1,485.00

3,031.25

Connie Hui

2,700.00

403.20

891.00

2,212.20

Basil Pakaru

4,200.00

428.90

1,386.00

3,242.90

George Rangitutia

22,037.51

7,290.94

14,746.57

Gaylene Roberts

4,123.48

704.20

1,512.51

3,315.17

51,960.99

5,276.58

17,702.51

39,535.06

RTB Trustees hui attended July 2010 - June 2011 Trustee

RTB Board

TOTAL GROSS

TRAVEL

PAYE

NETT

Kataraina Hodge

1,050.00

371.25

678.75

Rangitiriata Hodge

1,125.00

371.25

753.75

Andrew Paul

1,275.00

44.80

420.75

899.05

George Rangitutia

1,875.00

618.75

1,256.25

Miriata Te Hiko

1,875.00

618.75

1,256.25

7,200.00

44.80

2,400.75

4,844.05

RIDL Directors hui attended July 2010 - June 2011 Director

RIDL Board

RIDL Other

RIDL Sub Com

RID Honorarium

Barbara Anderson

John Edmonds

Vanessa Eparaima

Chris McKenzie

Andrew Paul

RIDL Chair Hui

TOTAL GROSS

TRAVEL

PAYE

NETT

3,600.00

67.20

1,188.00

2,479.20

10,000.00

2,102.80

3,300.00

8,802.80

34,574.17

2,495.50

11,404.87

25,664.80

11,600.00

3,828.00

7,772.00

11,800.00

1,024.80

3,894.00

8,930.80

9.00

42.00

71,574.17

5,690.30

23,614.87

53,649.60

R a u k a w a S e t t l e m e n t Tr u s t A n n u a l R e p o r t 2 0 1 0 / 1 1

Notes

Raukawa Settlement Trust 26 â&#x20AC;&#x201C; 32 Campbell Street, Private Bag 8, Tokoroa 3444 w w w. r a u k a w a . o r g . n z

In putting together this report we would like to thank and acknowledge the contribution of:

Mighty River Power Waikato River Trails Trust