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TA U P Ō W AT E R S T R U S T The Taupō Waters Trust (TWT) holds the bed of Lake Taupō on behalf of Ngāti Tūwharetoa. The Trustee of TWT is the Tūwharetoa Māori Trust Board. TWT advances the ownership rights and responsibilities of Taupō Waters. It has established a commercial subsidiary, Taupō Moana Group Holdings Ltd. REVENUE
Taupō Waters Trust revenue for the year remained to that of last year as most of which was attributed from the easement with Mercury Energy for use of Taupō Waters. REVENUE
The Trust’s balance sheet has appreciated by $3.6m or 13% over last year. This result is primarily due to asset revaluation and steady
income placing the Trust in very strong position. The forecast for the 2021-22 year is predicted to be at a similar level as the bulk of the income comes from the energy sector. EVENTS
It was a busy year for events, filming and photography requests. Between July 2020 and July 2021 we processed 32 event and 10 filming and photography applications. Events are primarily held during the warmer busy summer period such as Ironkidz, Ironman, Epic Swim and the New Year’s fireworks display. Mid-year we process a number of trout Fishing competitions.
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