Energy, Land & Environment Sector

Landcorp Farming Ltd (Landcorp)

Landcorp has existed since 1987 when it was created out of the Department of Lands and Survey.  Landcorp’s core business is pastoral farming including dairy, sheep, beef and deer.  Landcorp operates 104 farming units totalling 369,861 hectares and it has three subsidiary companies, Landcorp Developments Ltd and Landcorp Pastoral Ltd, which are developing and leasing former forestry land, and Landcorp Estates Ltd which develops and sells premium land that is deemed to have a higher value in non-agricultural use.

Website: www.landcorp.co.nz (opens in a new window)

2009/11 Statement of Corporate Intent (.pdf, 62.9kB)

Key Company Data

Company Form	State-owned enterprise
Year of Establishment	1987
Head Office	Wellington
Chair (term expiry)	Hon Jim Sutton (April 2009)
Deputy Chair	Warren Larsen (April 2009)
Board Membership	Falcon Clouston (April 2011)
	Lex Henry (October 2009)
	Marise James (April 2009)
	Basil Morrison (April 2011)
	Mavis Mullins (April 2010)
	Chrissie Williams (April 2009)
CEO	Chris Kelly
Balance Date	30 June
Number of FTE Staff	510

 

 

Key Financial Data ($ million)	2002/03	2003/04	2004/05	2005/06	2006/07
Financial Performance
Total Operating Revenue	117.1	103.8	116.3	122.7	146.4
Net Profit After Tax	33.9	15.5	10.1	28.5	20.1
Financial Position
Total Assets	718.8	846.1	1,027.3	1,379.6	1,435.6
Equity	594.0	666.3	829.3	1,144.2	1,179.3

Financial data and staff member information correct as at 30 June 2007. All other information correct as at 1 May 2008.