Statement of Cash Flows

Te Kāhui O Taranaki Trust & Group as at 30 June 2021

24. FINANCIAL INSTRUMENTS

25. FAIR VALUE MEASUREMENT

There is no difference between the fair value and carrying amount of the financial assets and liabilities.

The carrying value of the investments are equivalent to the fair value which has been categorised as Level 1 in the fair value hierarchy. The investments have been categorised as level 1 as

26. MĀORI AUTHORITY TAX CREDIT ACCOUNT

they are managed by independent fund managers and the fair value of the investments are valued on the market price of traded securities, shares and equities.

27. RELATED PARTIES

Andrew Knight was appointed by Taranaki Iwi Holdings Limited Partnership to be a Director of Te Pūia Tāpapa GP Ltd which is the General Partner of the Te Pūia Tāpapa Limited Partnership. The capital paid as at balance date is $2,812,186. (Last Year: $992,813).

Andrew Knight was appointed by Taranaki Iwi Holdings Limited Partnership to be a Director of Tai Hekenga General Partner Ltd which is the General Partner of the Tai Hekenga Limited Partnership.

Andrew Knight was appointed by Taranaki Iwi Holdings Limited Partnership to be a Director of Hāpai Commercial General Partner Ltd which is the General Partner of the Hāpai Commercial Property Limited Partnership.

28. KEY MANAGEMENT PERSONNEL

During the 2019 year, Taranaki Iwi Holdings Limited Partnership entered into an LP Agreement with Ngāmotu Hotels Limited Partnership. The capital paid to date is $4,539,568. During the year the LP received a distribution of $246,999 and a share of profit of $178,457. (Last Year: Distribution $236,333, Share of Profit $24,366). Andrew Knight is also a director of Ngāmotu Hotels Limited Partnership. Taranaki Iwi Fisheries Ltd director Hinerangi Raumati-Tu’ua is a director of MOANA NZ (formerly Aotearoa Fisheries Ltd). Taranaki Iwi Fisheries Ltd has shares valued at $2,900,805 in Moana New Zealand. During the period, Taranaki iwi Fisheries Ltd received a gross dividend of $75,829 from Moana New Zealand (Last Year: $96,608).

TICT paid a service fee to Ka Uruora Foundation of $30,000 (GST excl) (Last Year: $30,000).

Wharehoka Wano is a Director of Taranaki Iwi Trustee Limited and a Director of Ka Uruora Trustee Limited. Jamie Tuuta is a Trustee in Te Kahui o Taranaki Trust and a Director of Ka Uruora Trustee Limited and Chair of Ka Uruora Foundation and Ka Uruora Housing Trust.

Jamie Tuuta is Trustee of Venture Taranaki Trust and VTT provided $19,890 of Grant funding during the 2021 period.

The Associate Ngamotu Hotel Limited Partnership is the owner of Novotel New Plymouth. During the period Te Kahui o Taranaki had accommodation expenditure of $4,969 with Novotel New Plymouth. ($12,095 in 2020).

“Key management of the Group are the executive members of the Limited Partnerships’ Board of Directors, members of the Board of Trustees and General Manager. Key Management Personnel remuneration includes.

29. KEY MANAGEMENT PERSONNEL REMUNERATION

30. DEFERRED SELECTION PROPERTIES

Taranaki Iwi Holdings Limited Partnership is in valuation negotiations on nine properties and has begun the no-obligation valuation process on others.

31. COMMITMENTS

Taranaki Iwi Holdings Limited

Partnership has committed to invest $2,000,000 in Pioneer Capital Partners III LP with $1,477,788 paid at balance date. (Last year: $1,184,133).

Taranaki Iwi Holdings Limited Partnership has entered into an agreement to become a limited partner in the Te Pūia Tāpapa Limited Partnership. Taranaki Iwi Holdings Limited Partnership has committed $10,000,000 of capital with $2,812,186 paid as at balance date.(Last year: $922,813).

Taranaki Iwi Holdings Limited Partnership has entered into an agreement to become a limited partner in the Pencarrow V Investment Fund Limited Partnership. Taranaki Iwi Holdings Limited Partnership has committed $2,000,000 of capital