annual report INVERCARGILL LICENSING TRUST & ILT FOUNDATION ANNUAL GENERAL MEETING TO BE HELD AT ELMWOOD GARDEN 29 AUGUST 2017 AT 7.

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1 annual 2017 report INVERCARGILL LICENSING TRUST & ILT FOUNDATION ANNUAL GENERAL MEETING TO BE HELD AT ELMWOOD GARDEN 29 AUGUST 2017 AT 7.30PM

2 Congratulations to ASCOT PARK HOTEL SOUTHERN STEEL inaugural winners of the ANZ Premiership 2017 It is our pleasure to present the Invercargill Licensing Trust (Group) Annual Report for the financial year ended 31 March Invercargill Licensing Trust The Invercargill Licensing Trust belongs to you, the people of Invercargill. This concept of community ownership is both the Trust s uniqueness and its reason for being - with direct accountability back to its owners, the residents of our city. More than ever, there is an increasing appreciation around the globe for the benefits community organisations such as ours deliver. Our Vision: For Invercargill to grow and develop into the best place to live, work and play. Our Mission: To operate the best quality hospitality businesses, making it possible for us to return significant benefits to the people of Invercargill. GREG MULVEY General Manager ALAN DENNIS President

3 Photographer: Dianne Manson The Foundry Restaurant ILT Group total grants 2017: EXECUTIVE MANAGEMENT TEAM Chris Ramsay, Greg McElhinney, Greg Mulvey, Neil Affleck, Terry Laidlaw $8.75 million

4 GROUP FINANCIAL PERFORMANCE for the year ended 31 March 2017 The consolidated group consists of: Invercargill Licensing Trust ILT Foundation The equity accounted value of the Invercargill Licensing Trust s investment in DB South Island Brewery Ltd The ILT Group achieved a surplus after tax, before grants, for the year of $ million. This satisfactory result enabled the Invercargill Licensing Trust and ILT Foundation to provide a high level of grants totalling $8.75 million to a vast array of local community organisations. ILT (Group) Net After-Tax Profit 2017 ($) 2016 ($) Invercargill Licensing Trust (Parent) 5,480,000 10,704,000 Change in Value of Associate Company 36,000 (38,000) ILT Foundation 4,628,000 4,552,000 Consolidated (Group) Surplus after Tax 10,144,000 15,218,000 Less Grants Allocated (8,750,000) (8,030,000) Net Surplus for the year 1,394,000 7,188,000 overview With a net surplus before grants and after tax of $5.48 million, the Invercargill Licensing Trust produced a solid financial result for the year. While the previous year s surplus was $ million, the difference is attributed mostly to the significant benefits that year of: a large one-off taxation refund; and a gain on the disposal of property Value of Associated Company: The value of the Trust s investment in DB South Island Brewery Ltd increased by $36,000 (compared to a $38,000 decrease recorded last year) due primarily to the timing of profit distributions which affects the net tangible asset value included in the Group financial statements. The ILT Foundation achieved an increase in surplus to a total of $4.628 million (up from $4.552 million) due to a small increase in sales and continued good control of operating expenses. The level of grants made to the community for the year totalled $8.75 million compared to $8.03 million last year. INVERCARGILL LICENSING TRUST (PARENT) FINANCIAL PERFORMANCE The Invercargill Licensing Trust s pre-tax operating surplus, before grants, is $7.601 million. While lower than last year s result of $8.462 million, that surplus included one-off gains on the sale of property and additional interest income on the large tax refund received in the 2016 year. After excluding these items and other extraordinary items from both year s results the underlying pre-tax surpluses are $7.708 million in 2017 compared to $7.547 million in 2016 an increase of $161,000 or 2.1%. The main factors contributing to this increase were: Total sales for the year were $88.5 million an increase of $8.5 million or 10.6% on last year s $80.0 million. The majority of this growth stemmed from the extension of our liquor distribution operations in Central Otago following the purchase of the business activities of Queenstown-based Beaver Liquor Ltd in April We recorded modest increases in our bar, restaurant and accommodation activities during the year, ranging from 2.2% to 6.5%. The new Waikiwi Tavern, opened in November 2016, contributed positively to increases in bar and restaurant sales. Investment income reduced due to lower interest rates being received on our maturing and reinvested funds during the year. Total operating expenses increased due to additional costs involved in the extension of our liquor distribution business in Central Otago and the commissioning and operating costs of the new Waikiwi Tavern. Grants of $3.67 million were allocated, slightly lower than the $4.0 million distributed the previous year. FINANCIAL STRENGTH The Trust s financial position remains very strong with a low level of term debt and total assets of $97.5 million, compared to $94.7 million last year. This includes significant cash reserves available for future development projects which will ultimately benefit our community. Equity has increased by $1.9 million to a total of $80.5 million. Equity represents 82.5% of total assets. HOW EACH DOLLAR OF INVERCARGILL LICENSING TRUST (PARENT) INCOME IS DISTRIBUTED Sundry Operating Expenses 10.3% Staffing Costs 21.5% Depreciation 3.4% Income tax 2.3% OPERATING PROFIT OVER THE LAST 5 YEARS (before deducting Taxation and Grants) $ 9,000,000 8,000,000 7,000,000 6,000,000 5,000,000 4,000,000 3,000,000 2,000,000 1,000, Invercargill Licensing Trust Surplus available after Tax 6.0% Cost of Goods for Sale 56.5% ILT Foundation Invercargill Licensing Trust 2017 operating surplus (before tax and grants) $7.601 million

5 ILT Investing in the Future A fundamental policy of our Trust is to reinvest significant levels of capital into our existing portfolio, where there is a sound business case for doing so, together with the development of new businesses. The rationale is simple: To ensure the Trust remains au fait with trends in the hospitality industry and continues to meet the everchanging expectations of customers and guests. Consequently, remaining relevant is critical to the Trust s future commercial successes and therefore its ongoing ability to maintain its unrivalled contributions to the community. NEW HOTEL FOR INVERCARGILL CBD Extensive planning was undertaken throughout the year to determine the financial feasibility of a new hotel in Invercargill s CBD and the potential flow-on benefits to the community. This work culminated in an announcement in April 2017 confirming our intention to build a new inner-city hotel. The development will be on the corner of Don and Dee Streets an amalgamation of sites already owned by the Trust following the acquisition of a building to the immediate east of The Kiln café/bar. Construction will be completed in two stages with the first featuring 80 guest rooms, function/conference facilities, a restaurant, bar, café and car parking. Stage two will follow when demand warrants it, providing an additional 40 rooms. With an estimated build cost of around $40 million, the hotel is one of the largest projects ever undertaken by our Trust. Whilst we have been considering this opportunity for several years, it had to make commercial sense to proceed. With growth in tourism nationally forecast to continue, we judged the time was right. We acknowledge there is an element of commercial/financial risk. While in reality Invercargill hasn t enjoyed the explosive tourism growth often heralded, we have faith we will continue to benefit from the tourist spill-over from Central Otago which has given us the courage to proceed. However, it is imperative our city is more effectively marketed and promoted as a desirable destination into the future. ILT Foundation Established by the Invercargill Licensing Trust to own and operate all gaming machines in its establishments, the ILT Foundation is an innovative model designed to be responsive to its community and ensure the greatest level of grants are returned. We re incredibly proud the ILT Foundation has consistently been one of the highest performing of all gaming trusts in New Zealand with regard to grants generated. JACKIE FLUTEY ILT Foundation Manager Acutely aware of its social responsibilities, the ILT Foundation is actively implementing innovative harm minimisation practices and is considered by the Department of Internal Affairs to be a leader in this important aspect of its operation. The ILT Foundation s net surplus of $4.628 million represents an increase of 1.67% on last year s result of $4.552 million. Revenue at $9.6 million was up 2.18% on last year. Total grants allocated for the year were $5.083 million, a considerable increase on last year s $4.027 million. It s important to record we were also strongly influenced by a desire to play our part in providing a catalyst for other innercity developments to assist in the desperately-needed CBD rejuvenation. Further, it ensures we remain true to one of our original mandates of 1944 to provide quality hotel accommodation for the city of Invercargill. Renovation and maintenance projects were undertaken at the majority of our businesses during the year. The more significant projects were: WAIKIWI TAVERN Construction of the new Foundry Restaurant and Waikiwi Tavern on North Road was successfully completed and opened for business in November Replacing the former Waikiwi Tavern, which was sold in the previous year, this exciting new venture has provided an excellent hospitality venue for the population based in the Waikiwi/Grasmere area. ASCOT PARK HOTEL A refit and upgrade of Emberz Restaurant was completed at our flagship hotel Ascot Park. Testament to the success of this project, Emberz was subsequently named as a National Finalist in two categories of Hospitality NZ s 2016 Awards for Excellence. KELVIN HOTEL An extensive project to completely refurbish the foyer area of the hotel, including replacement of the original two guest lifts, was substantially completed by year-end. Work on the 5th floor upgrade was also finished, leaving only the hotel s second floor bathrooms to be revamped during the new financial year. SOUTHLAND TAVERN The relocation of the gaming lounge to a purpose-built addition located at the south-east end of the tavern, together with the consequential relocation of the TAB facility to the previous gaming area, was completed and opened in January Providing a substantial improvement to this successful tavern, the new facility has been well-received by its many patrons. The ILT Foundation operates 163 gaming machines in 10 Invercargill Licensing Trust venues. Trustees of the ILT Foundation have a strong focus on community benefit and grant distributions reflect this by supporting a wide variety of Invercargill charitable and amateur organisations across the arts, culture, education, welfare, health, religion, sport and recreational activities. The ILT Foundation Board is comprised of all current Invercargill Licensing Trust Board members, together with the Trust s solicitor Chris Ward and Jason McKenzie. GRANT DISTRIBUTION RETURN TO COMMUNITY 40 % Minimum required grant distribution return 48 % ILT Foundation achieved grant distribution return ILT Foundation 2017 operating surplus (before grants) $4.628 million

6 supporting our community Proud to have played a major part in these landmark Invercargill Facilities & Programmes Invercargill Musical Theatre Invercargill Licensing Trust Formed 1956 Conon Street Learners Pool $ Band Rotunda 1965 Kelvin Hotel Opens

7 over $100 million granted to the community since Splash Palace Stadium Southland Ascot Park Hotel Opens 2001 SIT Zero Fees 1992 ILT Over 70 s Complimentary Christmas Dinner

8 2017 South Alive Total Grants $8,750,000 Velodrome ILT Tertiary Scholarships ILT Stadium Rebuild ILT Kidzone Polyfest Trade Scholarships

9 SNAP SHOTS OF OUR COMMUNITY INVOLVEMENT $8.750 million It s a big number. It s also the total level of grants allocated in the past year, comprising $3.667 million from the ILT and $5.083 million from the ILT Foundation. While measuring the impact it s had in our community isn t a simple maths equation, it s unquestionably made a positive difference in numerous lives through the 400-plus diverse organisations who benefitted from funding. The knowledge it reaches every sector of our society is immensely satisfying. With a publicly elected board, your Trust is directly accountable to the community it represents and genuinely invested in its future. Ultimately all Trust profits flow back to the people of Invercargill and the advancement of community and social goals remains at the heart of our organisation as we strive to enhance the city within which we operate by initiating and funding valuable projects. To gauge the value of our funding solely on numbers involved would under value its impact. Rather, it is evidenced by what the money has tangibly achieved for the people of our city. Shakespeare in the Park Below is merely a snap shot of your Trust at work: COMMUNITY FIRST: Led by a passionate team from South Alive, an ambitious quest to rejuvenate South Invercargill is having a positive influence. Delivering projects which transform community spirit since 2012, the dedication of volunteers was rewarded when named as a finalist in the 2016 Kiwibank New Zealander of the Year Awards. The ILT and ILT Foundation jointly provided a grant of $225,000 to assist with purchasing a building to create a community centre, office space and a retail shop. In a truly collaborative approach, the venture includes a commercial kitchen for a second charitable trust, Koha Kai, which received $80,000 in joint funding. FAMILY FOCUS: It s all about family for Presbyterian Support Southland. The organisation s Family Works sector benefitted from a joint ILT and ILT Foundation grant of $140,000 to assist with a Dedicated Intake Service, additional social worker/counsellor and parenting programmes. Family Works provides a broad range of services for children, young people and their families, aimed at creating a home environment which supports development. Many families have complex needs and Family Works wrap around service is one of their strengths, reducing the stress of having to deal with multiple providers. Funding provided has proven instrumental in eliminating waiting times for initial assessments. BARD OF OTEPUNI: All the world s a stage even Otepuni Gardens. The Shakespeare in the Park Charitable Trust staged their 2017 production Games and Thrones at the inner-city location in February 2017, with design concepts based on the similarly-titled novel and TV series. Along with an ILT grant of $3700 for the popular performances, an ILT Foundation Arts/Cultural scholarship of $1200 was awarded to Felicity (Fliss) Crossley-Pritchard, who was selected to represent New Zealand with the Shakespeare Globe Centre NZ Young Shakespeare Company 2017 at the Globe Theatre in London.

10 EWE BEAUTY: In February 2017, ILT Stadium Southland was converted into a world-class woolshed to stage the World Sheep Shearing and Handling Championships. Bolstered by $15,000 from the ILT Foundation and $25,000 from the ILT, the event brought an influx of visitors from around the globe, including 160 competitors, 40 officials, 56 judges and 30 Sheep Shearing Council members. As crowds flocked (pun intended!) the event generated over $7 million in the local economy. As host venue ILT Stadium Southland showcased its flexibility to hold unique events in the future. A CLASS ACT: Invercargill primary schools continue to benefit from the support of an ICT (Information and Communication Technology) facilitator, with ILT Foundation grants contributing for the past eight years. Initially created to support schools with the Whiteboard Professional Development and Teaching Programme to utilise electronic whiteboards we funded, advancing technology has seen the role evolve to ensure teachers can continue developing and use ICT to enhance student learning. A SPORTING HAT TRICK: Sport is a vital part of our psyche in the deep south. The history books are testament to our ability to take on the big boys and win. From grassroots to the elite ranks, the ILT injects millions into sport and recreation each year, recognising the important role it plays in creating a healthy, active and parochial community. For our emerging talent, tangible pathways exist with three professional sporting franchises the Ascot Park Hotel Southern Steel, the Zero Fees Southland Sharks and the Southland Stags right in their own backyard. Unrivalled Trust funding annually to the trio is imperative to their existence on the national sporting scene. ILT AND ILT FOUNDATION GRANTS BY CATEGORY 2016/2017 sport 43% community, events & recreation 8% health/welfare 8% community facilities 20% education 15% arts/ culture 6% 2017 World Sheep Shearing Championships photo by photos.southlandonline.co.nz Southland Sharks: Revelling in the excitement of every home game, the public has embraced the Sharks as their own with over 18,000 attending home games in A formidable opponent which consistently performs in the NBL, their efforts off the court have invigorated the game locally as children are encouraged to join them in training opportunities offered by Southland Basketball. Ascot Park Hotel Southern Steel: Finishing the 2017 season with an unbeaten record of 21 games firmly intact, the Steel s prowess on the national netball scene ignited its legion of fanatical fans. After securing the ANZ Premiership title in emphatic fashion at their ILT Stadium Steel fortress, the team added the Super Club silverware just days later. Since the phenomenal era of its predecessor the Sting, the team has proudly emblazoned the Ascot Park Hotel moniker for the past 20 years. Southland Stags: Arguably one of the best-known sporting teams on both the local and national stage, the Stags epitomise the rugged determination of our province. Ongoing support from the ILT enables them to compete in New Zealand s premier provincial rugby competition whilst providing a pathway for local talent to excel towards higher honours. Home games at Rugby Park attract the largest crowds of any (provincial) sporting event, along with a television audience regularly exposed to Invercargill and Southland brands.

11 THE BOARD Mike Mika LL.B, Alan Dennis Adv Dip TCHG, Paddy O Brien ONZM, Angela Newell BA PG Dip, Dip TCHG, LTCL, Suzanne Prentice OBE, Sean Bellew, Jason McKenzie BSR mgmt., PG Dip Tchg, Grad Cert Career Couns, M. Couns, Chris Ward LL.B, MNZTA, Registered Trustee To The Future An elevated level of redevelopment projects planned in the new year stems from the timing of one or two large projects rather than a shift in our business plan. However, the thrust of this activity is the same as previous years; to ensure the Trust continues to reinvest in its businesses with the goal of helping maintain profitability in future years. A considerable amount of work will be involved in planning for the new hotel which is likely to be an expensive and protracted exercise. The Invercargill Licensing Trust budgeted pre-tax surplus for the coming year is expected to be below this past year s result due mainly to the elevated level of maintenance project work planned. This is purely a timing matter and the Trust s underlying profit is expected to be at a similar level to that achieved in this past year. The ILT Foundation s net surplus for the coming year is budgeted to match the past year s result. The level of financial and other support provided by the ILT Group to the numerous community organisations we assist in the coming year is expected to be at comparable levels to the past year. The Invercargill Licensing Trust Board comprises: Alan Dennis (President), Mike Mika (Deputy President), Sean Bellew, Angela Newell, Paddy O Brien and Suzanne Prentice. The Trustees of the ILT Foundation are: Alan Dennis (Chairman), Mike Mika, Sean Bellew, Angela Newell, Paddy O Brien, Suzanne Prentice, Chris Ward and Jason McKenzie. APPRECIATION Teamwork makes the dream work. Our continuing success is testament to the dedication and enthusiasm every member of our Board, management and staff invests into our vision for Invercargill. We wish to record our sincere thanks for the extraordinary contribution they make to our Trusts and the wider community we serve. Alan Dennis (President) Greg Mulvey (General Manager)

12 GRANTS TO THE COMMUNITY 2nd NZEF Club 500 Invercargill Rugby Football Club 17,000 Southland Deer Farmers Association 3,000 60s Up Movement 500 Invercargill Secondary Schools Southland Disability Enterprises Inc 5,178 A Capella Singers Inc 2,000 Network Trust 50,000 Southland District Rugby Able Charitable Trust 2,000 Invercargill Sunrise Rotary Club 2,500 Football League Inc 1,500 Alzheimers Society Southland Inc 2,500 Invercargill Tap Dancing Association 6,000 Southland Football Inc 46,000 Amputee Society of Otago & Invercargill Truck Show & Parade 5,000 Southland Girls High School 10,500 Southland Inc 1,000 Invercargill Working Men s Club 3,000 Southland Indoor Bowls Centre Inc 5,000 Appleby Cricket Club 3,500 James Hargest College 8,000 Southland Indoor Leisure Centre Ascot Sports Club 1,000 Kingswell High School Reunion 2,000 Charitable Trust - ILT Stadium Southland 950,000 Association of Blind Citizens of NZ Koru Care Southland Charitable Trust 1,000 Southland Literacy Association 8,648 (Southland Branch) 500 LUG South 1,200 Southland Mathematical Association Inc 1,000 Athletics Southland 23,000 Marching Southland Association Inc 1,500 Southland Museum and Art Gallery Trust 2,500 Aurora College 3,000 Marist Brothers Old Boys Rugby Southland Musicians Club 6,000 Badminton Southland 18,500 Football Club 17,000 Southland Olympic Weightlifting Inc 700 Battle Ready 500 Marist Cricket Club 2,000 Southland Otago Amateur Bellyfull Invercargill 1,196 Meals on Wheels 1,905 Weightlifting Association 3,000 BWR Sports Club 1,000 Metropolitan Cricket Club 2,000 Southland Rowing Association Inc 3,700 Blue Light Invercargill Branch Inc 14,000 Murihiku Maori & Pasifika Cultural Trust - Southland Secondary Schools Bowls Southland 17, & 2016 Polyfests 29,000 Cultural Scholarship 4,500 Chamber Music NZ - Southland Branch 12,000 Murihiku Swimming Club Inc 1,000 Southland Secondary Schools NABBA Southland 878 Principals Association 21,000 Chamber of Commerce Southland 4,387 National Council of Women Inc 1,000 Southland Secondary Schools Sport 13,000 City of Invercargill Highland Pipe Band 20,000 Netball South Zone Inc 250,000 Southland Softball Association 15,000 Clifton Car & Bike Club 1,300 Newfield Dart Club 1,000 Southland Table Tennis Association Inc 1,000 Clifton Pool Club 2,200 NZ Law Society - Southland Branch 1,500 Southland Teachers & Judges Association 500 Club Southland Inc 500 NZ Red Cross - Southern Region 500 Southland Tennis Association Inc 20,000 Collegiate Netball Club 1,500 Old Boys Association Football Club 7,000 Southland Triathlon & Multisport Club 6,200 Collegiate Rugby Football Club Inc 2,000 Onslow Indoor Bowling Club 600 Southland Youth One Stop Shop Trust 10,000 Cooks Rugby League Club 2,000 Order of St John - Invercargill Area 1,600 Sport Southland 32,500 Cowboys Rugby League Club 2,000 OSCAR Childcare 750 Squash City Invercargill Inc 9,500 Cycling Southland 30,700 Otago Southland Employers Association 3,500 Squash Southland 20,000 Dan Davin Literary Foundation 6,000 Outward Bound 15,000 St Catherine s College Reunion 500 Dance Opportunities Inc 2,000 Phoenix Synchro (Southland) 15,000 St John s Girls School 2,500 Demons Softball Club 5,000 Pirates Old Boys Rugby Club 3,000 St Mary s Netball Club 5,000 Diabetes Southland Inc 700 Pregnancy Help Inc 4,000 Stadium Southland Ltd 89,390 Downtown Rod & Custom Club 2,500 Presbyterian Support Services 25,000 Star Rugby Football Club 2,000 Eastern Suburbs Dart Club 664 Probus Club Invercargill Central 700 Swim Southland 19,000 Eastern Suburbs Rebels Pool Team 3,500 Queens Park Golf Club Inc 4,200 Talent Development Southland FibreOctave 750 Charitable Trust 10,000 First Presbyterian Church 5,000 Queens Park Ladies Golf Club 2,000 Te Rangi Bowling Club 600 Foveaux Toastmasters Club 500 Rape & Abuse Support Centre Southland Inc 5,000 Te Whanau O Whanganui Ki Te Tonga 500 Georgetown Bowling Club 800 Rotary Club of Invercargill East 1,200 Te Wharekura O Arowhenua 11,100 Girl Guiding NZ - Southland 1,700 Royal NZ Foundation for the Blind 1,000 Tertiary Education Scholarships 386,000 Glen 560 All Sports Club 2,000 Royal NZ Plunket Society - The Caberet Club 2,500 Glengarry Community Action Group 3,000 Invercargill Branch Inc 3,000 The Parenting Place 1,000 Golf Southland Inc 10,000 RTLB Positive Start Initiative 2,500 Touch Southland 12,000 Grasmere Netball Club 1,200 Rugby Southland 420,000 Venture Southland 53,109 Grey Power Southland 10,000 Sacred Heart School 5,000 Venture Southland - Promotion Fund 19,150 Hawaiian Delights Rugby Team 1,500 SBS Golf Invitational 1,200 Verdon College 4,250 Hearing Association Southland Branch 8,000 Senior Citizens Christmas Dinner 33,383 Volleyball Southland Inc 20,000 Heart Foundation - Southland Branch 5,500 Shakespeare in the Park Charitable Trust 3,700 Waikiwi Bowling Club 600 Heritage South 2,000 SLANZA Southland 1,000 Waikiwi Rugby Club 2,000 Hockey Southland Inc 20,561 South Centre Anglican Care Waverley Bowling Club 2,600 Hospice Southland Charitable Trust 42,733 Trust Southland 17,500 Windsor Community Church 1,200 ILT Hockey Turf Charitable Trust 5,000 South Invercargill Urban Rejuvenation YMCA Charitable Trust Southland 5,000 ILT Trade Scholarships 52,000 Charitable Trust - South Alive 25,000 Youth Development Southland Invercargill Bowling Club 700 Southend Boxing & Fitness 19,000 Regional Trust 3,589 Invercargill City Charitable Trust - Southern District Health Board 639 Youthline Southland Inc 2, Southland Buskers Festival 12,500 Southern Film Makers Trust 10,000 Small Grants under $500 18,504 Invercargill City Council Schools Southern Institute of Technology 2,000 Grants Refunded - not required Swimming Programme, Nitro Circus 30,000 Southern Mustang Club 7,500 from previous years (106,741) Invercargill Contract Bridge Club 1,500 Southern Pastel Artists 4,000 Invercargill Garrison Band/Ascot Park Brass of Invercargill 22,569 Southern Pro-Wrestling Club Inc 1,610 Invercargill Gymnastic Club Inc 8,000 Southern Storytellers 2,319 Invercargill Harness Racing Club Inc 500 Southland A & P Association 1,000 Invercargill Hockey Association 8,000 Southland Art Society Inc 20,100 total Invercargill Irish Society 650 Southland Basketball Association 161,000 $3,666,930 Invercargill Musical Theatre Inc 20,000 Southland BMX Club 1,000 Invercargill Old Boys Cricket Club 2,500 Southland Boxing Association Inc 4,000 Invercargill Primary Principals Association 900 Southland Boys High School 5,818 Invercargill Primary School Educational Southland Christmas Parade Initiatives Trust - enrich@ilt, Sing Out 137,000 Charitable Trust 1,587 Invercargill Rock n Roll Club 3,670 Southland Cricket Association 22,384 Invercargill Repertory Society Inc 12,500 Southland Competitions Society Inc 4,500 Invercargill Licensing Trust $8.75 million returned to your community

13 Age Concern Southland 6,942 Marching Southland Association Inc 7,000 Southland Life Education Community Trust 15,000 Alzheimers Society Southland Inc 5,000 Metropolitan Cricket Club 1,200 Southland Literacy Association 7,500 Anderson Park Art Gallery - scholarship 1,200 Murihiku Maori & Pasifika Cultural Trust Southland Loss and Grief Interest Group 10,000 Aqua Health Inc 2, & 2016 Polyfests 51,000 Southland Masters Badminton Club 2,000 Ascot Community School Interactive Murihiku Maori & Pasifika Cultural Trust Southland Mature Employment Services 5,000 Whiteboard Teaching & equipment - scholarship 2,000 Southland Motorcycle Club Inc programme (on behalf of all Invercargill Murihiku Maori Wardens 3, Burt Munro Challenge; Primary Schools) 96,999 Murihiku Marae - Waihopai Runaka 2, Superbike Road Race Nationals 45,000 Ascot Community School Murihiku Swimming Club Inc 1,000 Southland Multicultural Council Inc 12,000-6 ipad minis & covers 2,416 Myross Bush Netball Club 2,676 Southland Multiple Sclerosis Society Inc 20,490 Ascot Park Racing Consortium Inc 5,879 Netball South Zone Inc 150,000 Southland Musicians Club - scholarship 700 Athletics Southland 76,500 Nga Kete Matauranga Pounamu Southland Olympic Weightlifting Inc Autism New Zealand Southland Branch 5,000 Charitable Trust 9,500-2 scholarships 1,700 Badminton Southland 60,000 NZ Choral Federation Inc 1,500 Southland Piping & Drumming Barnardos NZ - Invercargill Branch 27,000 NZ Symphony Orchestra Foundation Development Trust 35,000 Blue Jay Marching Club 5,500 - Invercargill performance 2,500 Southland Pony Club Inc 1,010 Blues Indoor Bowling Club 400 Omaui Landcare Charitable Trust 15,000 Southland Power Boat Club 12,000 Bluff Oyster & Food Festival 5,000 Orca Swimming Club Inc 3,000 Southland Racing Club 20,000 Bluff Rugby Club 2,000 Order of St John - Invercargill Area 28,200 Southland Riding for the Disabled 20,000 Bluff Yacht Club 300 Oreti Park Speedway scholarships 2,100 Southland Rodeo Association Inc 5,500 Bowls Southland 45,000 Orphans Aid International Charitable Trust 500 Southland Rowing Association Inc 8,500 Bowls Southland Umpires Association 200 Otago Southland Chinese Association Southland Rowing Association Inc Bush Haven Native Bird Rehabilitation Trust 1,000 - Invercargill Branch scholarships 2,400 CCS Disability Action Southland 12,000 Otatara Bowling Club 3,000 Southland Science & Technology Fair 1,500 City of Invercargill Rugby League Club 2,000 Otatara Netball Club 2,000 Southland Secondary Schools Sport 12,000 City of Invercargill Highland Pipe Band 49,500 Otatara School 2,072 Southland Social Sciences Fair 1,500 Collegiate Rugby Football Club Inc 10,000 Panthers Softball Club 5,750 Southland Society of Model Engineers Inc 2,000 Conductive Education Southern Phoenix Synchro (Southland) 30,000 Southland Softball Association 40,000 Charitable Trust 12,000 Pirates Old Boys Rugby Club 15,000 Southland Softball Association CS Arts Charitable Trust 5,000 Port Softball 3,500 - redevelopment of softball clubrooms Cycling Southland 160,000 Pregnancy Counselling Services 800 and playing facilities 250,000 Cycling Southland - 6 scholarships 8,300 Presbyterian Support Services Southland Sports Car Club 30,000 Deaf Aotearoa NZ Inc - Southland Branch 2,000 - Family Works; Children s Day 117,000 Southland Sports Car Club - 2 scholarships 1,400 Deep South Debonaires 1,500 Queens Park Ladies Golf Club 700 Southland Stock Car Drivers Association 20,500 Diabetes Southland Inc 6,900 Rape & Abuse Support Centre Southland Inc 15,000 Southland Stroke Club 10,000 Disabilities Resource Centre Ronald McDonald House 2,500 Southland Table Tennis Association Inc 22,000 Southland Charitable Trust 19,200 Royal NZ Ballet - Invercargill performances 10,000 Southland Tennis Association Inc 55,000 Dodgers Softball Club - Invercargill 5,000 Royal NZ Foundation for the Blind 4,500 Southland Triathlon & Multisport Club 4,500 Edupaws Kids 1,074 Royal NZ Pipe Bands-Southland Branch Southland Womens Club Inc 700 English Language Partners NZ Trust - 3 scholarships 3,600 Southland Woodworkers Guild 25,000 - Southland 3,000 Royal NZ Plunket Society- Southland Youth One Stop Shop Trust 35,000 Epilepsy Association of NZ - Southland Branch 7,500 Invercargill Branch Inc 3,000 Sport Southland 176,000 Eventing Southland 5,000 RSPCA - Southland 6,000 Squash City Invercargill Inc 20,000 First Presbyterian Church 5,000 Rugby Southland 340,000 Squash Southland 45,000 Foveaux Harmony Chorus Inc - 3 scholarships 3,600 Rugby Southland Supporters Club 10,000 St Andrews Indoor Bowling Club 500 Friends of Cathedral Music - Southland Branch 1,500 Salford School 2,500 St Joseph s School 2,500 Georgetown Indoor Bowls Club 500 Samoan Methodist Church 500 St Patrick s Primary School 3,143 Gladstone Scout Group 5,000 Scout Association of New Zealand- St Paul s Harrier & Amateur Athletic Club Inc 7,500 Glengarry Community Action Group 600 Southland Zone 3,000 St Theresa s School 2,500 Golf Southland Inc 25,000 Senior Net (South) Inc 974 Stadium Southland Grasmere Indoor Bowls Club 350 Shakespeare in the Park Charitable Trust - replacement basketball hoops 15,000-2 scholarships 2,400 Greenacres Country Club Inc 4,200 Strings of Southland Charitable Trust 2,200 South City Community Choir 1,000 Head Injury Society of Southland Inc 8,000 Swim Southland 70,000 South Invercargill Urban Rejuvenation Heartsafe Invercargill Communities 2,734 Taki Rua Productions Society Inc 3,500 Charitable Trust - South Alive 200,000 Hockey Southland Inc 75,000 Talent Development Southland Charitable Trust 128,931 Southern Adult Literacy Inc 3,000 Hospice Southland Charitable Trust 35,000 Target Shooting Invercargill Inc 3,500 Southern Cross Greyhound Adoptions 500 ILT Hockey Turf Charitable Trust 5,000 Tay Music Trust - scholarship 500 Southern Flyers Invercargill H3 1,200 Invercargill Citizens Bowling Club 4,500 Te Rangi Bowling Club 2,908 Southern Institute of Technology Invercargill City Charitable Trust Trade Scholarships 11,000 Te Wharekura O Arowhenua 5, Southland Buskers Festival 12,500 Southern National Miniature Horse Club 500 The Parenting Place 2,500 Invercargill City Council Southern Sou NZ Inc 2,000 Thistle AFC Inc 1, Schools Swimming Programme; Southland A & P Association 4,000 Tisbury Primary School 2,500 Oreti Beach entrance carpark area project; Southland ACC Advocacy Trust 5,000 TOA Fighting Systems Southland Inc staging community workshops 146,965-4 scholarships 4,800 Invercargill Contract Bridge Club 3,000 Southland Art Society Inc 10,000 Touch Southland 40,000 Invercargill Garrison Band/Ascot Park Southland Asthma Society 12,000 Touch Southland - 4 scholarships 2,000 Brass of Invercargill 60,000 Southland Basketball Association 82,000 Venture Southland Ultimate Waterman Invercargill Garrison Band - 4 scholarships 4,000 Southland Basketball Association Competition; 2017 Kidzone Festival; Invercargill Golf Club Inc 2,700-3 scholarships 2,100 Southland Festival of the Arts ,500 Invercargill Gymnastic Club Inc 8,000 Southland Beneficiaries and Community Rights 25,000 Volleyball Southland Inc 32,000 Invercargill Harness Racing Club Inc 10,000 Southland Boxing Association Inc 3,000 Volleyball Southland Inc - 2 scholarships 1,400 Invercargill Indoor Bowls Sub Centre 1,200 Southland Canoe Club 3,500 Waihopai Association Football Club 5,000 Invercargill Kart Club 15,000 Southland Christmas Parade Charitable Trust 11,000 Waikiwi Bowling Club 6,000 Invercargill Musical Theatre Inc 30,000 Southland Clay Target Club - scholarship 500 Waikiwi Highland Piping and Dancing Society 1,000 Invercargill Netball Centre 50,000 Southland Community Nursery Conservation Trust 5,000 Waikiwi Rugby Club 15,000 Invercargill Poultry & Pigeon Club 500 Southland Competitions Society Inc 3,500 Windsor North School 2,345 Invercargill Primary School Educational Southland Cricket Association 135,000 YMCA Charitable Trust Southland 32,500 Initiatives Trust - enrich@ilt 267,450 Southland Darts Association 1,600 Young Spirit Indoor Bowls Club 200 Invercargill Repertory Society Inc 22,500 Southland District Rugby Football League Inc 45,000 Youth Development Southland Regional Trust Invercargill Rowing Club 15,000 Southland Education 15, Kiwi Can & Career Navigator programmes 23,000 Invercargill Secondary Schools Network Trust 100,000 Southland Filipino Society 1,000 Youthline Southland Inc 3,500 Invercargill Sejong Taekwondo Club Inc 8,000 Southland Fire Service Museum Society 5,000 Grants Refunded not required (122,340) Invercargill Sejong Taekwondo Club Inc Southland Foodbank Charitable Trust 20,000 - scholarship 1,200 Southland Football Incorporated 98,000 Invercargill Summer Festival Charitable Trust 10,000 Southland Golf Club Inc 1,750 Invercargill Toy & Puzzle Library 2,500 Southland Greyhound Adoption Trust 500 total James Hargest College 2,500 Southland Greyhound Racing Club 1,000 $5,082,989 Jellicoe Sea Scouts 20,000 Southland Indoor Bowls Centre Inc 22,000 Jet Boating NZ Inc - Southland Branch 1,000 Southland Indoor Bowls Umpires Association 500 Jubilee Budget Advisory Service Ltd 15,000 Southland Indoor Leisure Centre Kew Bowling Club Inc 1,400 Charitable Trust - ILT Stadium Southland 400,000 Makarewa Playcentre 500 Southland Kennel Association 800 Makarewa School 2,000 Southland Kindergarten Association 8,000 ILT Foundation

14 P F E ilt@ilt.co.nz PO Box 208, Invercargill 9840, New Zealand P F E info@iltfoundation.org.nz PO Box 1771, Invercargill 9840, New Zealand Quantum 53926