The 2020 Te Arawa Fisheries Annual Report – released today – points to an exciting and positive future for the organisation, despite the challenges of COVID-19.
In 2020, Te Arawa Fisheries achieved total revenue of $4.5 million – an increase of just over a $1 million from the previous year. While its total expenses were $825,000 higher than the previous year, Te Arawa Fisheries still posted a net surplus after tax of $591,000 – a $173,000 increase over the previous year.
We are extremely pleased and proud that we have been able to deliver this surplus in a year that was significantly impacted by COVID-19. Importantly, despite the obvious challenges of the virus on our retail operation, we were also able to retain all of our frontline team.
While a clear focus in 2020 was operating through the pandemic, we also kept our foot on the accelerator in relation to our refreshed business strategy – developed at the end of 2019. The mahi undertaken last year means we are now looking over the future horizon to diversify, innovate and future proof our operation against some of the developing risks, such as overfishing and climate change.
Te Arawa Fisheries’ careful management in the past 14 years has created and ensured a sustainable and solid business that provides benefit for Te Arawa whānau – however, the next few years will take this to a whole new level.
Its an exciting time for Te Arawa Fisheries and our Te Arawa whānau. You can read more about last year’s mahi and results – as well as the 2021 work programme – in our annual report.
We look forward to sharing more at our AGM on Sunday 18 April – see the details below.
Your chance to kōrero – join us at our upcoming AGM!
Please make sure you mark Sunday, 18 April 2021 in your diary for our upcoming AGM.
The AGM is your chance to listen and contribute to the ideas, thinking and kōrero about how we’re using new science, research and technologies to create new products for new markets. We’re also partnering with iwi across the motu to get the scale necessary to be effective in this new arena and we’re looking forward to sharing all the latest information with you.
The AGM will be held at Ōtamarākau Marae, 2655 State Highway 2,
RD 6, Ōtamarākau, Te Puke at 10am.
· Message from the chair
· 2019-2020 Annual Report
· Discussion – Changes to trust Deed
· General Business
If you have any questions about the AGM, please feel free to contact me. This year we would like to see as many whānau as possible attend the AGM and share your thoughts about the next 12 months as we navigate 2021.
Ehara tāku toa I te toa takitahi, engari he toa takitini.
My strength is not as an individual, but as a collective.
Ngā mihi nui,