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Publication Details

  • 2012 Annual Portfolio Report
  • Published: 14 Jan 2013
  • Status: Superseded
  • Author: The Treasury
  • Pages: (1),119,(1)
  • ISBN: 978-0-478-39690-4 (Online)
  • ISBN: 978-0-478-39689-8 (Print)
  • Pub. type: Annual Portfolio Report

2012 Annual Portfolio Report

Published 14 Jan 2013
Page updated 18 Sep 2015

This report describes the financial performance of 44 government owned enterprises that have full or partial commercial objectives. Collectively these enterprises employ approximately 35,000 people and, as at 30 June 2012, held assets of over $102 billion, of which $55 billion is in commercially focused entities and $47 billion in investment funds.


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The Crown's Commercial and Financial Portfolio: Highlights

Composition of the Crown's Commercial and Financial Portfolio

Crown Financial Institution Performance

Commercial Priority Portfolio Overview

Special Topic: Commercial Value Update

Special Topic: CFI Holdings in NZX Listed Companies

Special Topic: 10-year Analysis of SOE Investment and Dividend Practice

2011/12 Board Appointment Activity

Crown Financial Institutions

  • Accident Compensation Corporation
  • Earthquake Commission
  • Government Superannuation Fund
  • National Provident Fund
  • New Zealand Superannuation Fund

Commercial Priority Companies

  • Air New Zealand Limited
  • Airways Corporation of New Zealand Limited
  • Animal Control Products Limited
  • AsureQuality Limited
  • Genesis Power Limited
  • Kordia Group Limited
  • Landcorp Farming Limited
  • Learning Media Limited
  • Meridian Energy Limited
  • Meteorological Service of New Zealand Limited
  • Mighty River Power Limited
  • New Zealand Post Limited
  • New Zealand Railways Corporation (trading as KiwiRail)
  • Public Trust
  • Quotable Value Limited
  • Solid Energy New Zealand Limited
  • Television New Zealand Limited
  • Transpower New Zealand Limited

Multiple Objective Companies

  • Corporatised Airports
  • Crown Fibre Holdings Limited
  • Crown Research Institutes
  • New Zealand Lotteries Commission
  • New Zealand Venture Investment Fund Limited


  • Abbreviations
  • Entity abbreviations
  • Financial Definitions
  • Summary Financial Tables
apr-12.pdf (2,827 KB) pp. (1),119,(1)
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