Energy, Land & Environment Sector
Landcorp Farming Ltd (Landcorp)
Landcorp has existed since 1987 when it was created out of the Department of Lands and Survey. Landcorp’s core business is pastoral farming including dairy, sheep, beef
and deer. Landcorp operates 104 farming units totalling 369,861 hectares
and it has three subsidiary companies, Landcorp Developments Ltd and
Landcorp Pastoral Ltd, which are developing and leasing former forestry
land, and Landcorp Estates Ltd which develops and sells premium land that is deemed to have a higher value in non-agricultural use.
Website: www.landcorp.co.nz (opens in a new window)
2009/11 Statement of
Corporate Intent (.pdf, 62.9kB)
Key Company Information
Key Company Data - Landcorp Farming Ltd (Landcorp)
| Company Form | State-owned enterprise |
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| Year of Establishment | 1987 |
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| Head Office | Wellington |
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| Chair (term expiry) | Hon Jim Sutton (April 2012) |
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| Deputy Chair | Warren Larsen (April 2012) |
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| Board Membership | Bill Baylis (October 2012)
Falcon Clouston (April 2011)
Traci Houpapa (April 2013)
Marise James (April 2012)
Jane Mitchell (April 2012)
Basil Morrison (April 2011) |
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| CEO | Chris Kelly |
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| Balance Date | 30 June |
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| Number of FTE Staff | 525 |
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Key Financial Data
Landcorp Farming Ltd
| Key Financial Data ($million) | 2004/05 | 2005/06 | 2006/07 | 2007/08 | 2008/09 |
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| Operating Revenue | 115.7 | 134.0 | 137.3 | 179.7 | 164.2 |
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| EBITDAF | 27.9 | 39.0 | 31.2 | 52.2 | 21.9 |
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| Net Profit After Tax | 10.1 | 28.5 | 20.1 | 58.6 | 10.3 |
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| Shareholder Equity | 829.3 | 1144.2 | 1179.3 | 1448.7 | 1359.6 |
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| Assets | 1027.2 | 1379.6 | 1435.6 | 1728.8 | 1668.7 |
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| Dividends | 5.0 | 3.0 | 12.0 | 13.0 | 10.0 |
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| Return on Equity | 1.4% | 2.9% | 1.7% | 4.5% | 0.7% |
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| Return on Assets | 2.2% | 3.4% | 2.4% | 4.4% | 0.6% |
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| Gearing | 18.2% | 16.1% | 14.8% | 11.4% | 12.2% |
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Financial data correct as at 30 June 2009.
