NZ’s top 40 Co-operatives based on 2017/18 revenues

NZ’s top 40 Co-operatives based on 2017/18 revenues

 

Top 40 Co-ops, 2017/18 Revenues $
1 Fonterra 20,400,000,000
2 Foodstuffs North Island 6,640,000,000
3 Foodstuffs South Island 3,071,000,000
4 Zespri 2,448,000,000
5 Farmlands Cooperative 2,400,000,000
6 Silver Fern Farms 2,200,000,000
7 Alliance Group 1,800,000,000
8 Southern Cross Healthcare 987,000,000
9 Market Gardeners 862,000,000
10 Mitre 10 (NZ) 850,000,000
11 Ballance Agri-Nutrients 826,000,000
12 Westland Milk Products 692,000,000
13 Ravensdown Fertiliser 678,000,000
14 Rabobank NZ 633,000,000
15 Independent Timber Merchants 515,000,000
16 Capricorn Society 365,000,000
17 Tatua Cooperative Dairy Co 357,000,000
18 CDC Pharmaceuticals 326,271,000
19 Farmers Mutual Group 283,000,000
20 Livestock Improvement Corp 236,000,000
21 RuralCo 234,000,000
22 SBS Bank 225,000,000
23 NZPM Group 213,000,000
24 Dairy Goat Cooperative 193,000,000
25 The Co-operative Bank 155,000,000
26 Eastpack 150,400,000
27 Pharmacy Wholesalers (BOP) 138,683,000
28 Medical Assurance Society 124,494,000
29 Foodfirst 65,000,000
30 Electricity Ashburton 54,300,000
31 Unimed 52,700,000
32 Co-op Money NZ 29,144,000
33 Seasonal Solutions 28,622,000
34 Health 2000 28,000,000
35 The Organic Dairy Hub Co-op 25,000,000
36 Accuro 25,000,000
37 Marlborough Grape Prod Group 24,390,000
38 First Credit Union 22,400,000
39 NZ Hops 21,500,000
40 Fruitpackers Coop (Frupak) 15,175,000
Total 48,394,079,000

NZ’s top 40 co-operatives, mutuals and societies generated almost $NZ48.4 billion in revenues over their respective 2017/18 financial years, this equating to 16.0% of NZ’s GDP ($NZ302 billion in 2017 calendar year).

Data on 2017/18 revenues were gathered from annual reports and/or financial statements published by the organisations. These were retrieved from the NZ Companies Office register or from the organisations’ various websites. Where annual reports or financial statements were not publically available, the information was sourced by contacting the organisations directly. There is some variability in the reporting with revenue for retail / wholesale co-operatives, which represent a B:B co-operative business model, reflecting the total value of purchases made by respective Members (ie. retail stores) from their parent company buying offices, and not the sum of the revenues of the stores themselves, eg. Mitre 10, ITM, BuildLink, World Travellers and Composite Retail.