Description:
* "The
Trust gives investors the opportunity to participate directly in New
Zealand's leading export-earning sector by pooling capital, owning prime
rural property and a forest, as well as operating and fully developing the
productive capacity of those properties.
The New Zealand Rural Property Trust is a strongly established investment vehicle with a solid record of performance.
The Trust's portfolio, with a current value of in excess of $159 million, includes farmland spanning a wide variety of traditional and emerging land uses as well as a mature forest.
The Trust is managed for capital growth, but a small income stream is also distributed to investors - normally once every twelve months."
Website: http://www.nzrpt.co.nz/
Recent announcements: click here
|
Year |
2002 |
2003 |
2004 |
2005 |
2006 |
Average
GR |
Compounding
GR |
|
Gross
growth rates |
|
|
|
|
|||
|
Revenue |
|
-32% |
22% |
8% |
-6% |
15% |
-4% |
|
NPAT |
|
-90% |
381% |
16% |
-95% |
279% |
-51% |
|
Total
Assets |
|
15% |
16% |
16% |
13% |
50% |
12% |
|
Net
Assets |
|
19% |
16% |
18% |
12% |
51% |
13% |
|
Per
Share figures and growth |
|||||||
|
Earnings |
$
0.04 |
$
0.00 |
$
0.02 |
$
0.02 |
$
0.00 |
|
|
|
|
|
-90% |
378% |
15% |
-95% |
276% |
-52% |
|
Net
Assets |
$
1.91 |
$
2.26 |
$
2.61 |
$
3.06 |
$
3.41 |
|
|
|
|
|
18% |
16% |
17% |
11% |
49% |
12% |
|
Dividends |
$
0.03 |
$
0.04 |
$
0.03 |
$
0.03 |
$
0.03 |
|
|
|
|
|
10% |
-19% |
16% |
-5% |
-5% |
0% |
|
Profitability |
|||||||
|
Return
on Assets |
1.92% |
0.16% |
0.67% |
0.67% |
0.03% |
|
|
|
Equity
Multiplier |
1.10 |
1.07 |
1.07 |
1.06 |
1.07 |
|
|
|
Return
on Equity (ROE) |
2% |
0% |
1% |
1% |
0% |
|
|
|
ROE
(avg E) |
|
0% |
1% |
1% |
0% |
|
|
|
Net
Profit Margin |
26% |
4% |
15% |
16% |
1% |
|
|
|
Dividend
payout ratio |
83% |
941% |
160% |
162% |
3088% |
|
|
|
Liquidity |
|||||||
|
Net
working capital |
$1,065,091
|
$(227,000) |
$
236,000 |
$
(24,000) |
$(902,000) |
|
|
|
Current
ratio |
1.52 |
0.89 |
1.12 |
0.99 |
0.67 |
|
|
|
Acid
test ratio |
1.52 |
0.89 |
1.12 |
0.99 |
0.67 |
|
|
|
Other |
|||||||
|
Times
interest earned |
55.29 |
-10.39 |
33.52 |
56.92 |
-13.80 |
|
|
|
Operating
exp/income |
33% |
49% |
35% |
35% |
40% |
|
|
|
|
|
|
|
|
|
|
|
|
Summary
Financials |
|||||||
|
Income |
7109022 |
5002000 |
5861000 |
6559000 |
5916000 |
|
|
|
Expenses |
4770864 |
5118000 |
4918000 |
5582000 |
6212000 |
|
|
|
Tax |
485981 |
-296000 |
77000 |
-24000 |
-346000 |
|
|
|
NPAT |
1852177 |
180000 |
866000 |
1001000 |
50000 |
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
96536925 |
111150000 |
129237000 |
150389000 |
170091000 |
|
|
|
Liabilities |
9072526 |
7282000 |
8290000 |
7995000 |
10631000 |
|
|
|
Net
Assets |
87464399 |
103868000 |
120947000 |
142394000 |
159460000 |
|
|
| Registered Office: |
Mailing address: New Zealand Rural Property Trust Management Limited First Floor, 120 Karamu Road North PO Box 783, Hastings 4156 |
| Directors: Sir Selwyn Cushing Murray Gough Roger Bonifant David Cushing John Green Brian Martin Gerald Weenink |
Secretary: |
| Auditors: Ernst & Young |
Solicitors: Chapman Tripp |
| Bankers: BNZ, WBC |
Registrar: Computershare Investor Services Limited |
| Other: |
|
| Other | Last updated:15-11-2007 |
Company balance date: 30 June
