Communications, Services & Infrastructure Sector

 

ONTRACK

ONTRACK managed the lease of the rail corridor between TranzRail Ltd and the Crown until 30 June 2004, when the Crown entered into an arrangement to re-acquire New Zealand’s rail infrastructure from Toll New Zealand Ltd (Toll) (formerly TranzRail Ltd).

Following recent changes within the rail industry, ONTRACK’s role and scope of business have changed. From 1 July 2004, ONTRACK has assumed the Crown’s responsibilities under the access agreement with Toll and both owns and manages the rail infrastructure. ONTRACK also manages the upgrading of the Wellington Railway Station.

Website: www.ontrack.govt.nz (opens in a new window)

2008-11 Statement of Corporate Intent (.pdf, 513kB)

Key Company Data

Company Form	State-owned enterprise
Year of Establishment	1987
Head Office	Wellington
Chair (term expiry)	Cameron Moore (April 2010)
Deputy Chair	Lex Henry (October 2009)
Board Membership	Linda Constable (April 2009)
	Hon Dr Clive Matthewson (October 2009)
	Jon Mayson (April 2009)
	Mike Williams (October 2010)
CEO	William Peet
Balance Date	30 June
Number of FTE Staff	816

 

 

Key Financial Data ($ million)	2002/03	2003/04	2004/05	2005/06	2006/07
Financial Performance
Total Operating Revenue	6.5	3.5	157.3	155.0	224.0
Net Surplus	4.4	1.3	91.8*	63.3	(19.2)
Financial Position
Total Assets	13.4	11.9	173.8	394.3	10,740.1
Equity	10.2	7.9	118.2	283.5	10,549.8

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

*ONTRACK's business evolved significantly from the previous year.  The surplus was largely due to the accounting treatment of funds received from the Crown.