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Ngāti Whakaue
Iwi Organisation
Rotorua iwi. Part of Te Arawa confederation. CNI Forests settlement participant.
Total Assets
$88.6M
Revenue
$6.7M
Officers
9
Subsidiaries
4
Iwi Details
- Rohe (Region)
- Rotorua
- Auditor
- BDO Rotorua Limited
- Audit Opinion
- Unmodified
Treaty Settlement
Settlement information not yet available for this iwi.
Distributions to Beneficiaries
$305KMarae
$38K
Health
$21K
Grants committee allocated funding to health ($20,764), marae support ($38,000 to five key marae), tangihanga/funeral assistance ($7,200), and discretionary grants ($20,965). Shareholders also received dividend of 20 cents per share ($304,653) paid from capital reserves. Additional grants provided for education, housing and general community support.
Current Officers
9M
Moerangi Vercoe
Associate Director
M
Mereana Corbett
Associate Director
D
David Thomas
Chair
H
Hariata Ngatai
Trustee
M
Matthew Heke
Trustee
D
David Tapsell
Trustee
G
Geoffrey Rolleston
Trustee
T
Tamarapa Lloyd
Trustee
T
Tanira Kingi
Trustee
Service Providers
Auditor(1)
BDO Rotorua Limited
2024Bankers(1)
Westpac
2024primary banker, term loan facility
Legal Advisors(1)
Morrison Kent
2024Valuers(3)
Kendall Russ, Telfer Young Limited
2024Shane Perret, Prime Forest Management Ltd
2024Wiremu Cottrell, AGL Livestock Ltd
2024Consultants(3)
GHA
2024financial services / accountancy
Perrin Ag
2024farming technical support
Prime Forestry Management
2024forestry management
Strategic Priorities
71Completion of Manawa Gardens affordable rental housing development (80 homes)
2Wharenui Rise residential property development expansion
3Improvement of on-farm activities and productivity
4Implementation of new systems and meeting production targets
5Land development for cashflow (eastern and northern gateways)
6Solar Farm Project development
7Tourism and commercial development opportunities
Key Risks
7Volatility in red meat market prices
Weather impacts on farming (droughts, cyclones)
Inflationary pressures on farm costs
Slow residential property sales due to cost-of-living crisis and lending thresholds
Land use changes affecting farm operations
Manawa Gardens development - achieving quality standards, construction timelines and budgets
Cash flow management despite asset growth