Valuable kōrero shared at Te Kotahitanga o Te Arawa Waka Fisheries Trust AGM

March 30, 2022

Valuable kōrero shared at Te Kotahitanga o Te Arawa Waka Fisheries Trust AGM

Thank you to everyone who joined us at our AGM, held virtually, on Saturday. It was fantastic to share our results for the 2021/22 financial year, as well as update shareholders about the exciting projects we have underway.

While we would have loved to hold our AGM kanohi ki te kanohi, keeping our whānau safe in the current COVID climate was our paramount concern.

I would like to thank everyone involved in making our virtual hui a success  – it was great that we were still able to engage with shareholders and have meaningful kōrero about our ongoing mahi.

Feedback on Te Arawa Fisheries and 2021 Annual Report  

  • A good looking annual report Chris, and a much improved result, in a very tough environment. Great job! – Peter Chrisp, CE New Zealand Trade and Enterprise
  • I’ve just read through your AGM report and it is stunning. Congratulations to you and your team for a wonderful year just past and I look forward to hearing more about where your heading to. – Karen Vercoe, CE Te Arawa Lakes Trust
  • Ka pai Chris, well done. Te Arawa Fisheries post strong financial year. – Mark Ngata, GM Inshore, Moana NZ (Ngati Porou)
  • Good clear report e hoa and some very good initiatives moving forward. – Heemi Biddle, Ngati Tuwharetoa
  • Very nice report Chris! – Maru Samuels, Iwi Collective Partnership
  • Piki te kaha brother. These Waka are on the rise – this is their millennium. Mauri Ora. – T Trevor Moeke, NZ Treasury
  • I have read the report and the performance and transparency of the change you have brought to TA Fisheries has been great. You have brought it out of the dark into the light and manifested its value to our people. – Te Taru White, Te Tatau o Te Arawa
  • Atamarie Karamea, That is an extreme and significant outcome for year 21 – excellent look for the future. Kia kaha, kia maia, kia manawanui. E paiana tōu hui a tau i tenei rahoroi. Mauri ora. – Harry Mikaere (Coromandel iwi)
  • Extremely well done Te Arawa Fisheries. – Watu Mihinui Te Pakira Marae, Whakarewarewa

For those who were unable to join on the day, you can watch the full recording online.

Key points

  • In the 2021-22 financial year, Te Arawa Fisheries achieved total revenue of $14.8m – a significant increase from the $4.4m posted the previous year.
  • While its total expenses were $1.7m higher than the previous year, Te Arawa Fisheries still posted a net surplus after tax of $9.3m – an $8.8m increase from the 2020-21 financial year.
  • The past 12 months have been defined by Te Arawa Fisheries’ ability to deliver and progress our ka pu te ruha strategy, creating an active, resilient business focused on growing and diversifying our assets.
  • Te Arawa Fisheries has explored new ventures such as the development and distribution of our Hī mussels, invested in professional development and grown our work arm, Te Arawa Mahi, which helps whānau into employment.
  • Te Arawa Fisheries has made significant progress transitioning from a passive operation to an active one, from volume-based to value-focused and introducing a way of operating that reflects our four pou: Tangata, Taiao, Tikanga, and Tahua.

Systematically changing the game

  • 2019-20 year was about planning and presenting our Ka Pu Te Ruha strategy to our shareholders
  • 2020-21 (this past year), through all the challenges of COVID, has been about starting to implement our strategy.
  • 2021-22 will be tough again but the focus will systematically move to delivering for our shareholders.

We value all the feedback received during our AGM and look forward to creating better outcomes for Te Arawa whānau in 2022.

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Ki te hiahia koe kia whakarongo etahi ki a koe, ko tou mahi hei whakakiikii i a ratau, ara, e whakapono hoki koe ki a ratau

If we wish our affiliates to believe in us, we must convince our affiliates that we believe in them.