Energy, Land & Environment Sector

Timberlands West Coast Ltd (Timberlands)

Timberlands manages approximately 27,000 hectares of plantation forest on 51,000 hectares of land on the west coast of the South Island. Of this land, about 47,000 hectares is owned by Ngai Tahu and leased to the company under a forestry right. Declining yield projections have resulted in the decision to transfer Timberlands' forestry assets to the Crown Forestry Group in the Ministry of Agriculture and Forestry.

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

2007/08 Statement of Corporate Intent (.pdf, 32kB)

Key Company Data

Company Form	State-owned enterprise
Year of Establishment	1990
Head Office	Greymouth
Chair (term expiry)	Martin Sawyers (April 2009) (Acting)
Board Membership	Michael Marren (April 2009)
	Stuart McKinlay (October 2010)
	Suzanne Merriman (October 2010)
	Gail Tipa (April 2009)
CEO	Phil Melhopt
Balance Date	31 March
Number of FTE Staff	18

 

 

Key Financial Data ($ million)	2002/03	2003/04	2004/05	2005/06	2006/07
Financial Performance
Total Operating Revenue	23.4	21.7	22.1	17.6	16.9
Net Profit After Tax	2.9	(5.3)	1.6	(8.7)	(4.8)
Financial Position
Total Assets	77.2	71.1	72.1	64.4	57.2
Equity	70.5	64.8	66.0	59.5	54.7

All information correct as at 31 March 2007.  All other information correct as at 12 August 2008.