Comparisons – Actual vs Budget

The following table is a comparison of the performance targets approved in the company’s Statement of Corporate Intent and actual performance for the year ended 31 March 1998:

Actual

Budget

$000’s

$000’s

Sales revenue:

Group

  • Exotic

15,407

14,449

  • Rimu

10,046

8,702

  • Beech

309

2,584

  • Sphagnum moss

1,637

2,805

Net surplus before interest and tax

5,505

3,909

Exotic forest investment

2,159

2,415

Dividend

1,864

Loans from the Crown

4,731

4,847

Equity to total assets

93.0%

88.2%

Net surplus before interest and tax:
as % of average shareholders funds

5.1%

4.1%

as % of average total assets

4.7%

3.7%

Non current debt to equity ratio

1:23.5

1:12.4

Financial highlights for the year

$000’s

Group

Revenue

28,508

Net surplus

5,202

Shareholders funds

111,105

Total assets

119,449