Ann: ANNREP: AKC: Annual report adoption tops off

• Release Date: 27/09/13 18:35
• Summary: ANNREP: AKC: Annual report adoption tops off solid year
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					AKC
27/09/2013 16:35
ANNREP

REL: 1635 HRS Auckland Council

ANNREP: AKC: Annual report adoption tops off solid year

Media Release
27 September 2013

Annual report adoption tops off solid year

Auckland Council Group's annual report for the year to 30 June 2013 has been
adopted by the council's governing body.

The report details the organisation's progress in delivering on the vision to
create the world's most liveable city through its wide-ranging services and
resources.  Auckland Council Group is comprised of Auckland Council and its
council-controlled organisations.

The report also highlights the organisation's achievements and financial
statements, as well as performance against the Annual Plan 2011/2012
financial and non-financial targets.

Features include:
o Auckland maintained its place as the world's third-most liveable city in
the 2012 Mercer Quality of Living Survey
o The  Auckland economy grew by 3.2 per cent in the year to March 2013
o High levels of the council's service and  activities were delivered, with
73 per cent of performance measure targets achieved or exceeded

There has been a significant amount of work in the past year to drive
regional development and deliver projects, services and programmes for
Aucklanders.

These include:
A more connected Auckland through
o Agreement by the Government to fund a share of the City Rail Link
o AMETI transport project underway with the new Panmure Bridge opened
o Launch of the Hobsonville ferry service
o Integrated ticketing for trains and ferry
Supporting our communities through
o A new Wellsford library
o Installation of artificial sport turfs in Ellerslie, Westmere, Howick and
R?nui.
     Keeping Aucklanders healthy and safe by
o Continuing works on the Hunua water mains project
Transforming our town centres through
o Completion of New Lynn's Merchant Quarter
o Fort and Lorne streets shared spaces upgrades
Boosting our economy through
o Transformation of Shed 10 into a cruise ship terminal
o Auckland's entertainment and conferencing facilities brought more than $100
million of economic activity in to the region
o Three mayoral-led overseas business missions
Engaging with Aucklanders through
o Development of the draft Auckland Unitary Plan, which attracted more than
22,000 pieces of feedback from Aucklanders during the first round of public
engagement

Key financial results for 2012/2013 report include:
o An after-tax operating surplus of $246 million, against a budget of $20
million. A number of factors have influenced this including vested assets,
asset revaluation, cost reductions and income growth
o Operational savings of $53 million were achieved, taking the cumulative
annual savings achieved by council to $134 million per annum since the
organisation's inception
o $1.3 billion was invested in maintaining, improving and adding to the
quality of our capital assets - including community facilities, such as
libraries, and regional infrastructure such as roading and water
infrastructure
o The group's net debt of $5.5 billion is slightly less than forecast in the
Long-term Plan.

Auckland Council Group's 2012/2013 Annual Report will be available on the
council's website at www.aucklandcouncil.govt.nz/annualreport from 27
September.

Please find attached media release relating to the release and a link to the
Annual Report 2012/2013 on our website:

http://www.aucklandcouncil.govt.nz/EN/planspoliciesprojects/reports/annual_re
port/Pages/annualreport20122013.aspx

ENDS

For media assistance, please contact:
Angela Jones
Auckland Council
021 227 7985
End CA:00241732 For:AKC    Type:ANNREP     Time:2013-09-27 16:35:46