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Branchline, October 17, 2013

 

Stewardship Report 2012/13

Forestry Tasmania’s Stewardship Report for 2012/13 is now available for you to download.

In spite of another difficult trading year, the Board is cautiously optimistic about our future. Although we recorded a loss of $13.4 million after tax and deficit funding, it is now possible to plan for the future with a measure of certainty.

The conclusion of the Tasmanian Forests Agreement process and the Government’s strategic review of our business have given us a clearer direction for the road ahead. The Bill to separate our wood production and reserve management functions will provide certainty as we work to return the business to profitability.

The narrower scope of operations will allow us to reduce overheads and provide a sharper focus on creating and selling higher value products such as Hardlam, as well as securing Forest Stewardship Council certification.

Despite the constrained operating environment, FT has performed extremely well on a wide range of sustainability indicators. For instance, we recorded our best-ever safety performance, a 94 per cent success rate in our native forest regeneration, and a 13 per cent reduction in fossil fuel emissions.

These results show that Forestry Tasmania’s staff have consistently taken a diligent and professional approach to their work, even under the most difficult of circumstances.

I’d like to acknowledge the support of the State Government, which has enabled us to keep trading as we have been adjusting to our new operating environment. We are making every effort to return to profitability, but deficit funding is likely to be needed for some years to come.

Help us improve

Just a reminder that FT is providing the opportunity for you to have your say on how we engage with you. This is an important step in building better relationships with our stakeholders and the community. If you haven’t already done so, I would invite you to take some time to fill out our survey. We’d appreciate responses by 15 November 2013.


Until next time,
Bob Annells
Chairman

Download documents:
Stewardship Report 2012/13 (3,761kb PDF)
Annual financial statements 2012/13 (1,650kb PDF)
Sustainable forest management data tables 2012/13 (2,973kb PDF)
Research and Development Branch Annual Report 2012/13 (7,821kb PDF)

 

 

 


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