Communications, Services & Infrastructure Sector

New Zealand Post Ltd (NZ Post)

NZ Post operates New Zealand’s largest postal and courier businesses. NZ Post is one of the largest SOEs in terms of revenue, assets and employees. It also has a number of related business activities, such as philatelic and international consultancy business units and an extensive network of retail outlets.

In February 2002, NZ Post launched Kiwibank Ltd, which leverages off NZ Post's existing investment in its existing infrastructure.

Websites: www.nzpost.co.nz, www.kiwibank.co.nz (open in new windows)

2008/11 Statement of Intent (.pdf 909kb)

Company Form	State-owned enterprise
Year of Establishment	1987
Head Office	Wellington
Chair (term expiry)	Rt Hon Jim Bolger (October 2009)
Deputy Chair	Ken Douglas (October 2009)
Board Membership	Shale Chambers (October 2010)
	Pip Dunphy (October 2010)
	Sara Lunam (April 2011)
	Prof Ngatata Love (April 2009)
	James Ogden (April 2010)
	Hon Stanley Rodger (April 2009)
	Justine Smyth (April 2009)
CEO	John Allen
Balance Date	30 June
Number of FTE Staff	8,888

 

 

Key Financial Data ($ million)	2002/03	2003/04	2004/05	2005/06	2006/07
Financial Performance
Total Operating Revenue	976.9	1,051.3	1,208.9	1,114.3	1,222.2
Net Profit After Tax	27.1	36.5	137.2*	68.8	70.2
Financial Position
Total Assets	1,391.5	1,875.2	2,506.1	3,733.8	5,497.9
Equity	320.3	350.3	483.4	534.1	595.8

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

*  Increase from previous years due to the sale of 50% of NZ Post's Express Couriers Ltd to DHL.