Ngāi Tahu Holdings
| Ngāi Tahu Holdings | |
| Private | |
| Industry | Holding |
| Founded | December 10, 1992 in Christchurch, New Zealand |
| Headquarters | 15 Show Place, Addington, Christchurch, New Zealand |
|
Areas served
|
New Zealand, Fiji, Australia, China, United States of America |
|
Key people
|
Mike Sang (CEO) |
 NZ$168.73 Million (2016) |
|
| Total assets |
NZ$1.503 Billion (2016) |
| Total equity |
NZ$1.273 Billion (2016) |
| Owner | Ngāi Tahu Charitable Trust |
| Members | 55,000 (2013) |
|
Number of employees
|
21,686 (2016) |
Ngāi Tahu Holdings Corporation Limited is owned by the Ngāi Tahu iwi of the South Island of the New Zealand. Its main interests are in tourism, fisheries, property and forestry and it is among the wealthiest iwi in New Zealand. Ngāi Tahu annually contributes more than $200 million to the South Island economy. Exclusive to the Maori Economy, Ngāi Tahu has an Exclusive Economic Zone that covers more than 80 percent of the South Island
Ngāi Tahu has been engaged in modern-day commercial activities since the late 1950s when the Ngāi Tahu Māori Trust Board had an annual income of about $20,000 to put toward investment and distribution through the iwi. Ngāi Tahu used the income to reinvest and grow the asset base of the tribe. From the beginning, Ngāi Tahu's fiscal policy involved reinvesting roughly two thirds of income and maintaining a tightly focused distribution policy to provide support to tribal members through education grants and scholarships.
As a result of the Ngai Tahu Claims Settlement Act 1998, Ngāi Tahu received a settlement sum of $170 million . It also subsequently involved fisheries and aquaculture assets valued at $71 million.
As a result of the 2011 Christchurch earthquake, Ngāi Tahu reported a $4.7 million after-tax net-loss, down from a $27.8 million net-profit the previous financial year. Over $18 million worth of value adjustments were made to investment properties owned by the group as a whole, and over $9 million worth of direct quake writedown. However, insurance claims were lodged by the group and payments are expected within the 2012 financial year.
In 2013, Ngāi Tahu received a relativity payment of $68 million from the New Zealand Government under their settlement agreement in the 1990s.
By the end of 2013, Ngāi Tahu had assets of around $1 billion, of which 56 per cent are in property, 20 per cent are in capital, 9 per cent in tourism, 7 per cent in seafood, 6 per cent in fisheries settlement and 2 per cent in other holdings.
According to the New Zealand Companies Office Shotover Jet Limited is 100 percent owned by Ngāi Tahu Tourism since 16 July 2007.
In 1999, Ngāi Tahu Holdings acquired a 38 percent stake in Queenstown's Shotover Jet. In August 1999, Ngāi Tahu Holdings raised its stake to 49%. It was reported on 30 October 2001 that Ngāi Tahu Holdings had raised its stake in Shotover Jet to 80%.
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Wikipedia