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Eden Park Trust

Eden Park Trust Annual Report
(31 October 2013)

Introduction

The Annual Report of The Eden Park Trust (EPT) for the year ended 31 October 2013 is attached. The comparative prior period is the 12 months to 31 October 2012.

The 2013 financial year was a year of steady progress, from both an operational and financial perspective. Key milestones in the year included the following:

 Events:

  • Domestic cricket returned to Eden Park upon the restoration of the No. 2 Ground in November 2012;
  • Test cricket returned to Eden Park, with a thrilling test match played between the Black Caps and England, which ended in a tense draw in March 2013;
  • The Black Caps also played two other international cricket matches against England at Eden Park, a T20 and an ODI match, in February 2013;
  • Eden Park was again host to most major winter sports codes, including rugby, soccer and rugby league, during the year;
  • Rugby continues to be the predominant venue hirer. During the year Eden Park hosted Auckland, The Blues and The All Blacks for 14 matches in total;
  • The annual secondary schools and club rugby finals were played before enthusiastic crowds in August 2013;
  • The Wellington based Phoenix Football Club played their second match at Eden Park in February 2013;
  • The Vodafone NZ Warriors rugby league team opened their NRL home season with a match against the Sydney City Roosters in March 2013;
  • Eden Park-hosted community events including Sport Auckland’s Get Set Go event for children featuring Olympian Valerie Adams in November 2012 and the annual Open Day in February 2013;
  • Eden Park Catering hosted over 1,000 functions, ranging from three-day business conferences to school balls and weddings.

Financial: 

  • Achieved a profit before depreciation of $1.181m (prior year $434k), (refer table on p5 to follow);
  • Repaid $2.6m of commercial loans and re-documented the one remaining bank facility which is not guaranteed by Auckland Council.

2013 Annual Report

Eden Park Trust Members

John Waller (Chairman)
Michelle Boag
Ken Baguley
Doug McKay

Grant Carruthers
Paul Lucas
Morris Pita
Rex Smith

Eden Park Managment Team

David Kennedy (Chief Executive Officer)
Brett Winstanley (Chief Financial Officer)
Steve Donaghy (General Manager - Infrastructure & Operations)
Adrienne Bonell (General Manager - Sales & Marketing)

Eden Park Trust Member Biographies

John Waller (Chairman)

John Waller

 

John Waller is Chairman of The Eden Park Trust. He was originally appointed in 2007 to the Eden Park Redevelopment Board to oversee the redevelopment project for Rugby World Cup 2011. Mr Waller is Chairman of the Bank of New Zealand and an independent director of a number of large companies, including Fonterra Co-operative Group, National Australia Bank and Sky Television Network.

 

 

Michelle Boag

Michelle Boag

Michelle Boag Michelle Boag has 30 years’ experience in government, consultancy and corporate public relations and is currently a principal of Boag Allan SvG, a Strategic Communications Consultancy.  She has an extensive background in the not-for-profit sector, including as a current Trustee of the Auckland Rescue Helicopter Trust and as a former President of Variety Club New Zealand.  She has previously served on the boards of the Auckland Cricket Association, Manu Samoa Rugby Limited, the Mt Smart Advisory Board, Television New Zealand and the Auckland Surf Lifesaving Association.

  

Ken Baguley

Ken Baguley is a qualified Chartered Accountant with 40 years’ experience in Chartered Accountancy, specialising in IT services. Ken was Chairman of Auckland Rugby from 2001 to 2010. He was an Auckland City Councillor and Chairman of Transport Committee from 2007 to 2010. He is currently an Orakei Local Board Member – Auckland Council. He is also a Trustee of The Halberg Trust and Auckland Rescue Helicopter Trust. Ken holds RMA Making Good Decisions certification, valid until June 2014. 


 

   Doug McKay

 

 

Doug McKay brings considerable commercial experience to the board with previous roles as either CEO or Managing Director at Procter and Gamble, Lion Nathan, Carter Holt Harvey, Goodman Fielder, Sealord and was the inaugural CEO of Auckland Council. He is now a full time professional director on the boards of NZ Institute of Chartered Accountants, Griffins Foods, Bank of New Zealand, IAG Insurance, Genesis Energy, Ryman Healthcare, and is a member of the Institute of Directors in New Zealand.

 
 
 

Grant Carruthers

Grant Carrathers

Grant Carruthers has been self employed as a company director since 2005 and is currently a director of a number of private companies. He was previously employed in the forest industry for many years, both within his own company and in senior roles with major companies, Carter Holt Harvey and NZ Forest Products. He was also a Director of Auckland Rugby from 2001 to 2012 and was previously on the Eden Park Board of Control.  

 

  

Paul Lucas

From an initial accounting background, Paul has accumulated in excess of 35 years’ business experience. He was the founder of the EDL Group of Companies, comprising a branch network throughout Australia and NZ. Having sold the businesses, Mr Lucas has for the last eight years been a company director, business consultant and investor in a range of private companies. Mr Lucas has previously served on the board of the Auckland Cricket Association, 1996 – 2000 and in 2008 was co-opted back to the board, serving currently as Deputy Chairman and a member of the finance committee. He is also Chairman of the Auckland Cricket Development Foundation.


 

Morris Pita

Morris Pita

Morris Pita has worked in New Zealand and in the United Kingdom in a range of commercial, strategic and project management roles for Mighty River Power, BG Group and Ernst & Young.  Mr Pita has an MBA from the University of Oxford, in addition to a Master of Laws and a Bachelor of Arts from the University of Auckland.  He operates a boutique consultancy business, Shea Pita & Associates, advising organisations working in Maori economic development, particularly in the energy sector.  He is also a member of the Auckland and Waitemata District Health Boards.

 

 

 

Rex Smith

Rex Smith

Rex Smith has more than 40 years’ experience in property negotiation specialising in the central and local government sectors.  He currently operates his own property consultancy business.  Mr Smith holds a post graduate degree in Political Studies from the University of Auckland.  A former member of the Eden Park Board of Control, he is the current Chairman of the Auckland Cricket Association.