Appendix 1: The State-owned enterprises and listed companies

State-owned enterprises: Results of the 2012/13 audits.

In 2012/13, we audited 16 SOEs and two listed companies that are majority owned by the Crown. We list each of these public entities below.

State-owned enterprises

  • Airways Corporation of New Zealand Limited – commercial provider of air navigation services and associated aviation infrastructure services;
  • Animal Control Products Limited – manufacturer and seller of pest management products;
  • AsureQuality Limited – provider of a wide range of services to the food and primary industries in New Zealand and other countries;
  • Electricity Corporation of New Zealand Limited – no longer operating;
  • Genesis Energy Limited – generator, wholesaler, and retailer of electricity (listed on NZX in April 2014);
  • KiwiRail Holdings Limited – owner and operator of the rail network and Interislander ferry services;
  • Kordia Group Limited – telecommunications and media business, which provides network and technology solutions;
  • Landcorp Farming Limited – pastoral farming, including dairy, sheep, beef, and deer;
  • Learning Media Limited – publisher, producer, marketer, and seller of education materials;
  • Meridian Energy Limited – generator, wholesaler, and retailer of electricity (listed on NZX in October 2013);
  • Meteorological Service of New Zealand Limited – provider of weather information services in the form of forecasting, advice, weather graphics, and data systems;
  • New Zealand Post Limited – postal and courier business, as well as banking services through its Kiwibank subsidiary;
  • New Zealand Railways Corporation – owner of railway land;
  • Quotable Value Limited – valuation and property information company;
  • Solid Energy New Zealand Limited – coal producer; and
  • Transpower New Zealand Limited – plans, builds, maintains, and operates the national grid, which links generators of electricity to distribution companies and major industrial users.

Majority-owned listed companies

  • Air New Zealand Limited – an international and domestic airline group, which provides air passenger and cargo services; and
  • Mighty River Power Limited – generator and retailer of electricity (listed on NZX in May 2013).