Senior Trust Capital Limited Annual General Meeting 2021
Retirement village sector - overview
Future Directions / General Business
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Financials
Voting
USX
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Discussion Q&A’s
OVERVIEW
Retirement village sector
An ageing population and desirability of retirement village livingaccentuated by COVID-19 - is fuelling growth in this sector.
PRESS RELEASE: JLL, THURSDAY 1 JULY 2021
Retirement village sector
“Retirement village unit shortage looms as supply struggles to keep pace with demand from New Zealand’s ageing population.”
PRESS RELEASE: JLL, THURSDAY 1 JULY 2021
“Averting a shortfall is not just about delivering numbers, rather Lauchlan says operators need to ensure that supply matches geographical demand, as population areas and penetration rates vary around the country.”
LENDING ACTIVITY
Roys Bay Estate Ltd, Wanaka
FINANCIAL PERFORMANCE
(25,886)
STATEMENT OF COMPREHENSIVE INCOME 2021 ($) Palm Grove Partnership Roys Bay Estate Limited Quail Ridge Country Club Limited Whitby Village Limited Pembroke Living Limited Shareholder Loan Neville Brummer Total Retirement Village Interest Forest Glen Limited Partnership Ranfurly Village Limited 1,936,153 1,208,955 702,730 107,046 23,078 5,918 524,320 266,263 822 Interest income 4,775,286 Other income 120,388 Revenue and Other Income 4,895,674 Less: expenses Employee benefits expense (350,742) Management services expense (288,219) Interest expense & bank fees (287,605) Administration, marketing, operating, compliance (189,876) (81,000) Directors’ Fees Total Expenses (1,223,329) Audit & Accounting Expense Total Comprehensive Income 3,010,760 Share of net losses of associates and joint ventures accounted for using the equity method (661,585) (25,886)
FINANCIAL PERFORMANCE
48,479,014 45,529,990 ABBREVIATED BALANCE SHEET 2021 ($) 1,000,000 24,198,306 400,000 20,897,824 2,900,482 23,498,626 25,138,964 858,256
Palm Grove Partnership Roys Bay Estate Limited Forest Glen Limited Partnership Pembroke Living Limited Neville Brummer Total Quail Ridge Country Club Limited Current Assets Cash & Cash Equivalents 149,343 Trade and Other Receivables 490,995 Total Assets Non Current Assets Trade and Other Receivables Total Assets Net Assets 48,479,014 Equity Retained Earnings 2,949,023 Financial Receivables Share Capital Net Assets Attributable to Unitholders Total Current Liabilities Finance Receivables Equity Accounted Investments Financial Asset at Fair Value Loan Book
SHAREHOLDER FLEXIBILITY
Unlisted Stock Exchange (USX)
• Cost efficient share trading platform for Senior Trust Capital (STC) to provide liquidity to Shareholders
• Mechanism for STC Shareholders to sell shares to interested buyers
• STC recently listed on the 2nd of August (Ticker code: STCU)
• Launched December 2003, USX is located in NZ (www.usx.co.nz)
As at May 2021 the USX has facilitated in excess of:
18,500 TRADES
330m SHARES
$421m+ VALUE
SHAREHOLDER FLEXIBILITY
Unlisted Stock Exchange (USX)
Trading on the USX can be conducted through the following brokers:
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Senior Trust Capital Limited
Discussion Q&A
Senior Trust Capital Limited