Comparisons – Actual vs S.C.I.

The following table is a comparison of the performance targets approved in the Company’s Statement of Corporate Intent (SCI) and actual performance for the year ended 31 March 2001.

Note the performance targets are as reflected in the SCI, amended as directed by the Shareholding Ministers in December 2000.

Actual SCI
$000s
Sales Revenue
Exotic 16,113 17,032
Rimu 7,051 7,688
Beech 20
Net profit before interest expense & tax 4,369 4,805
Net profit after interest expense & tax 3,752 3,964
Dividend
Loans from the Crown 4,142 4,200
Shareholders equity 71,639 72,800
%
Net profit before interest & tax
as % of average shareholders funds 5.9% 6.3%
as % of average total assets 5.4% 5.7%
Ratio
Non current debt to equity ratio 01:17.3 01:18.2
m3
Log Volumes
Exotic 179,971 190,000
Rimu 21,864 23,800
Beech 322
ha’s
Plantings
Exotic 809 888
Special purpose species 312 300