New Zealand Co-operative and Mutual Top 30

Revenue –

Rank Co-operative Revenue (in Millions)
1.       Fonterra Co-operative Group                  18,845.0
2.       Foodstuffs – North Island                    6,238.8
3.       Foodstuffs – South Island                      2,721.3
4.       Silver Fern Farms                    2,434.4
5.       Farmlands Co-operative                      2,210.0
6.       Alliance Group                    1,501.5
7.       Zespri                      1,458.6
8.       Ballance Agri-Nutrients                        892.7
9.       Southern Cross Medical Care Society                          817.8
10.    Ravensdown Fertiliser Co-operative                        711.4
11.    Mitre 10 (New Zealand)                          708.6
12.    Westland Co-operative Dairy Co                        639.3
13.    Independent Timber Merchants Co-operative                          398.0
14.    Market Gardeners                        328.9
15.    CDC Pharmaceuticals                          293.1
16.    Tatua Co-operative Dairy Co                        285.7
17.    Capricorn Society                          261.4
18.    Livestock Improvement Corporation                        228.4
19.    FMG (FMG Insurance Limited)                          209.3
20.    Southland Building Society (SBS Bank)                        183.3
21.    NZPM Group                          174.8
22.    Dairy Goat Cooperative (NZ)                        156.7
23.    Eastpack                          135.2
24.    Pharmacy Wholesalers (Bay of Plenty)                        132.9
25.    Ashburton Trading Society                          119.4
26.    The Co-operative Bank                        110.7
27.    Union Medical Benefits Society                            52.7
28.    Electricity Ashburton                          46.8
29.    Medical Assurance Society                            32.7
30.    Co-op Money NZ                          24.7

 

Total Revenue = $NZ 42.354 billion pa.

Notes –

Organisations were drawn from the 2015 Top 40 Co-operatives and Mutuals by revenue published by Cooperative Business New Zealand and who meet the member/user ownership, control and benefits criteria elaborated on in the methodology. We except this definition excludes some organisations that operate as co-operatives or mutuals in other countries but not in New Zealand since in these instances ownership, control and benefits accrue to the overseas members (e.g. Rabobank).

Data on revenue was 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’ websites. Where annual reports or financial statements were not publically available, the information was sourced by contacting the organisations directly.

The reporting period considered was 2014/2015. However, there is some variability in the reporting period/financial year among the co-operatives and mutuals.

Revenue for Capricorn Society Limited in New Zealand and Independent Timber Merchants Co-operative are not the revenue figures reported on the Profit and Loss statements. The figures represent the total value of purchases made by respective Members (e.g. retail stores) from their parent company buying offices.

 

Assets –

Rank Co-operative Total Assets (in Millions)
1.       Fonterra Co-operative Group            18,315.0
2.       Southland Building Society (SBS Bank)        2,862.6
3.       Foodstuffs – North Island              2,645.6
4.       The Co-operative Bank              1,806.3
5.       Foodstuffs South Island              1,010.5
6.       Silver Fern Farms                  627.0
7.       Southern Cross Medical Care Society                  602.1
8.       Ballance Agri-Nutrients                  541.8
9.       Westland Co-operative Dairy Co                  538.1
10.    Alliance Group                  536.1
11.    Ravensdown Fertiliser Co-operative                  533.2
12.    Zespri                  461.2
13.    FMG (FMG Insurance Limited)                  419.1
14.    Farmlands Co-operative                  411.6
15.    Livestock Improvement Corporation                  301.5
16.    Electricity Ashburton                  251.1
17.    Tatua Co-operative Dairy Co                  241.4
18.    Dairy Goat Co-operative (NZ)                  232.3
19.    Market Gardeners                  180.2
20.    Mitre 10 (New Zealand)                  174.8
21.    Eastpack                  139.6
22.    Co-op Money NZ                  115.9
23.    Union Medical Benefits Society                  112.7
24.    NZPM Group                  111.4
25.    Medical Assurance Society                    85.5
26.    Independent Timber Merchants Co-operative                    68.5
27.    CDC Pharmaceuticals                    63.3
28.    Capricorn Society                    35.5
29.    Ashburton Trading Society                    31.3
30.    Pharmacy Wholesalers (Bay of Plenty)                    22.4

Total Assets = $ NZ 33,477.7 billion

Notes –

Data on total assets was 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’ websites.

Where annual reports or financial statements were not publically available, the information was sourced by contacting the organisations directly.

The reporting period considered was 2014/2015. However, there is some variability in the reporting period/financial year among the co-operatives and mutuals.

 

Employees –

Rank Co-operative Number of Employees
1.       Fonterra Co-operative Group 22,000
2.       Silver Fern Farms 7,000
3.       Alliance Group 4,700
4.       Eastpack 2,700
5.       Foodstuffs – North Island 1,800
6.       Foodstuffs South Island 1,350
7.       Farmlands Co-operative 1,000
8.       Ballance Agri-Nutrients 760
9.       Southern Cross Medical Care Society 750
10.    Ravensdown Fertiliser Co-operative 750
11.    Mitre 10 (New Zealand) 750
12.    Livestock Improvement Corporation 710
13.    NZPM Group 603
14.    FMG (FMG Insurance Limited) 468
15.    Westland Co-operative Dairy Co 375
16.    Market Gardeners 360
17.    Southland Building Society (SBS Bank) 350
18.    Tatua Co-operative Dairy Co 345
19.    The Co-operative Bank 310
20.    Zespri 250
21.    Capricorn Society 214
22.    Dairy Goat Co-operative (NZ) 190
23.    Electricity Ashburton 175
24.    Medical Assurance Society 175
25.    CDC Pharmaceuticals 125
26.    Ashburton Trading Society 90
27.    Co-op Money NZ 60
28.    Pharmacy Wholesalers (Bay of Plenty) 35
29.    Union Medical Benefits Society 35
30.    Independent Timber Merchants Co-operative 25

Total Employees = 48,455

Notes –

Data on employees was sourced from annual reports and/or financial statements published by the organisations. These were retrieved from the NZ Companies Office register or from the organisations’ websites. Where data on employee numbers was not available from annual reports, the information was sourced from responses to the University of Auckland Icehouse survey or the Kompass database.

Since the Kompass database provides a range for employee numbers, the midpoint of the range was used, and hence the data should be interpreted with caution.

The reporting period considered was 2014/2015. However, there is some variability in the reporting period/financial year among the co-operatives and mutuals.

Some data includes overseas employees

 

Members –

Rank Co-operative Number of Memberships
1.       Southern Cross Medical Care Society 811,462
2.       Co-op Money NZ 190,000
3.       The Co-operative Bank 120,000
4.       Farmlands Co-operative 62,500
5.       FMG (FMG Insurance Limited) 52,000
6.       Southland Building Society (SBS Bank) 40,000
7.       Medical Assurance Society 28,000
8.       Ravensdown Fertiliser Co-operative 26,000
9.       Ballance Agri-Nutrients 19,250
10.    Electricity Ashburton 12,782
11.    Fonterra Co-operative Group 10,753
12.    Livestock Improvement Corporation 10,537
13.    Silver Fern Farms 6,000
14.    Alliance Group 5,000
15.    Capricorn Society 3,660
16.    Zespri 3,000
17.    Ashburton Trading Society 2,701
18.    NZPM Group 1,000
19.    Foodstuffs South Island 500
20.    Eastpack 500
21.    Foodstuffs – North Island 433
22.    Westland Co-operative Dairy Co 400
23.    CDC Pharmaceuticals 270
24.    Market Gardeners 240
25.    Pharmacy Wholesalers (Bay of Plenty) 170
26.    Tatua Co-operative Dairy Co 118
27.    Independent Timber Merchants Co-operative 94
28.    Dairy Goat Co-operative (NZ) 72
29.    Mitre 10 (New Zealand) 65
30.    Union Medical Benefits Society

Total Members = 1,407,507

Notes-

Data was sourced from annual reports and/or financial statements published by the organisations. These were retrieved from the NZ Companies Office register or from the organisations’ websites. Where data on membership numbers was not available from annual reports or organisations websites, it was supplied by Cooperative Business New Zealand or sourced from responses to the University of Auckland Icehouse survey.

These are counts of memberships. We recognise that some members will belong to more than one co-operative or mutual that is listed. Data on individual members is not publicly available to report the number of individual members.

The reporting period considered was 2014/2015. However, there is some variability in the reporting period/financial year among the co-operatives and mutuals.