Our financial management and business planning are based on sound commercial practice, and all relevant statutory and regulatory requirements.
Pāmu Farms of New Zealand (brand name of Landcorp Farming Limited) seeks to maximise financial returns to shareholders while operating within the general commercial laws of New Zealand and the State-Owned Enterprises (SOEs) Act 1986.
The company is owned by the Crown but operates at arm's length from the government, and in competition with other entities in the public and private sectors. Its shares are held by the Minister of State-Owned Enterprises and the Minister of Finance (50% each).
We report publicly on financial management and performance, and on business strategies and other measures of performance, in respect of each financial year (ended 30 June) and each first-half year (ended 31 December).
The Statement of Corporate Intent (SCI) sets out the company's intentions and key objectives and is updated each year.
Our annual and half year reports are publicly available once they are tabled in the New Zealand Parliament (usually during October for the annual report and March for the half-year report).