| |
FINANCIAL SUMMARY
| FOR THE YEARS ENDED 30 JUNE |
2001
|
2000
|
1999
|
1998
|
1997
|
1996
|
| $NZ 000’S (UNLESS OTHERWISE STATED) |
| Operating revenue |
33,101
|
19,606
|
8,811
|
591
|
1,145
|
2,550
|
| Net (deficit) surplus after taxation |
5,044
|
5,152
|
3,091
|
(147)
|
(202)
|
(63)
|
| Equity |
114,347
|
104,433
|
99,281
|
96,190
|
96,337
|
79,606
|
| Shares on issue (number in 000’s) |
140,734
|
131,434
|
131,434
|
131,434
|
131,434
|
100,411
|
| Land at cost |
27,402
|
27,090
|
24,082
|
24,247
|
24,180
|
18,105
|
| Forest at cost |
151,651
|
140,030
|
116,063
|
108,890
|
101,512
|
62,646
|
| Forest at valuation (nine percent discount rate) |
157,400
|
148,557
|
129,886
|
122,323
|
122,176
|
72,170
|
| Net asset backing at historical cost |
$0.81
|
$0.79
|
$0.76
|
$0.73
|
$0.73
|
$0.79
|
| Net asset backing at valuation |
$0.85
|
$0.86
|
$0.86
|
$0.83
|
$0.89
|
$0.89
|
| Share price (As at close of day – 30 June) |
$0.53
|
$0.45
|
$0.44
|
$0.40
|
$0.58
|
$0.59
|
| Convertible note price |
$1.10
|
$1.05
|
$1.03
|
–
|
–
|
–
|
| NZSE 40 Capital Index |
2,086
|
2,062
|
2,136
|
1,965
|
2,502
|
2,096
|
| Ten year government stock interest rate |
6.74%
|
6.78%
|
6.63%
|
6.35%
|
6.95%
|
8.67%
|
| 90 day bank bill interest rate |
5.81%
|
6.90%
|
4.76%
|
7.88%
|
6.88%
|
10.27%
|
| NZD/USD exchange rate |
0.4030
|
0.4679
|
0.5363
|
0.5199
|
0.6800
|
0.6770
|
| NZD/AUD exchange rate |
0.7940
|
0.7768
|
0.8152
|
0.8427
|
0.9002
|
0.8621
|
| NZD/JPY exchange rate |
50.65
|
49.68
|
64.91
|
72.19
|
77.95
|
73.74
|
| All financial information is in New Zealand dollars,unless otherwise stated. |
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