Appendix 3: Matters required by the Crown Research Institutes Act 1992
Activities where shareholder compensation is required
Where the Government wishes Landcare Research to undertake activities or assume obligations that will result in a reduction of the organisation’s profit, or net worth in terms of investment in research, the Board will seek compensation sufficient to allow the organisation’s position to be restored.
No requests for compensation are currently under consideration.
Other matters specifically requested by the shareholder
Section 16(3) of the Act requires Landcare Research to furnish an estimate of the current commercial value of the Crown’s investment.
The Landcare Research Board is satisfied that the net asset position (or total equity) is a reasonable proxy for the commercial value of the Group. The net asset position as shown in accordance with the company’s accounting policies for 30 June 2015 was $31.5 million.
Publish Date: 30/06/2016