MOA 2018 Annual Report

Moa Group Limited
Annual Report
For the year ended 31st March 2018

Chair and CEO’s Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4
Director Profiles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7
Corporate Governance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8
Directors’ Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11
Auditor’s Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12
Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16
Statement of Comprehensive Income 17
Statement of Financial Position 18
Statement of Movement in Equity 19
Statement of Cash Flows 20
Notes to the Financial Statements 21
Shareholder and Statutory Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
Corporate Directory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .45
Contents
MOA GROUP LIMITED
ANNUAL REPORT 2018

MOA GROUP LIMITED
ANNUAL REPORT 20184
Chair and CEO’s Report
The year ahead is something I am bloody excited
about. We have five key strategies which we think will
push us past the ‘Hillary Step’ and get us on up to
break-even and further growth.
We acknowledge the Moa journey to this point has at
times been a little tough . And ideally we would have
been at the Hillary Step sooner . And this year gone
the growth was relatively small. We can take heart
however from knowing we are now the largest New
Zealand owned brewer . We are a clear #3 in Craft
beer and we continue to grow . We are also probably
now the largest exporter of beer from New Zealand to
China . We see stronger growth in this coming year .
This year we see five key strategies:
Greater Reach . A greater sales reach and sales
call frequency in New Zealand via a venture with the
#3 wine player in New Zealand wine, Constellation
Brands . Called Mobev (Moments and Occasions in
Beverage) we have been under way with this strategy
since June 1 . From this we get greater sales reach
and frequency of calls with this team, with 3 times the
number of sales people plus merchandisers and tasters
delivers four times the number of sales calls . We also
get a much faster start with new products getting to far
more locations more quickly than they would with our
previous smaller team . And we have more insights to
give our outlets especially at the head offices bringing
in these insights from around the world across multiple
categories .
China. As mentioned China is our lead export market.
Craft Beer is in high growth and we have a good
beachhead here. We are working with a distributor
relatively new to beer however highly motivated and
in the midst of building a specific Moa sales team. We
have our own in market Moa person training this team
and ensuring the Moa brand is well represented . We
have also done some specific brews for this market like
our ‘Red Stag Wheat Beer‘ using deer antler. The first
container sold out before it even arrived .
New Products . Craft beer seems to thrive on new
products . Two recent releases have gone well for us,
so we are to follow this up with more . We are soon to
Dear Moa Hunter,
launch an APA (American Pale Ale) into our classic
range which will give us the full suite of beer styles .
We also see cans as being an ideal pack format for
the market. As we head to the beach, bach, boat, back
country – the can is lighter, has better recyclability and
is easier and safer to carry our brews for many kiwi
consumers . So we are placing some of our brews in
cans .
Brewing Strategy . The larger we get the more we
can seek savings on a per litre basis. Scale can drive
savings and we reckon we can grab a few savings in
the coming year .
On Premise. Whilst supermarkets are around 65% of
NZ beer. Bars and restaurants make up an important
channel and are also where people taste and try a
brand for the first time. We have done a heap of work
and will aim to partner with some of the best operators
in On Premise Bars this year . We have to invest to
do so, however we have done the sums and believe
the investment is worth it . This was a big reason for
recent investment in Moa and the Share Purchase
Plan (SPP) We have agreed on the first of these
bars – which will be a large venue in central Auckland
opening close to Christmas .
We again thank you for your support. Being a Moa
Hunter is a big asset for Moa and we appreciate
your support for Moa at your local bar, restaurant,
supermarket and liquor store. Will get to the frothy beer
peak. And look forward to celebrating together with you.
Onwards .
Geoff and the team at Moa .
Geoff Ross

Clockwise: Mobev team in Marlborough; Moa men on the Great Wall; Geoff and friend in China; Station IPA and a great view; Moa Brewery Cellar Door .

A small selection of Moa’s releases in the last year .

7
MOA GROUP LIMITED
ANNUAL REPORT 2018
Geoff Ross
Executive Chairman and CEO
Geoff was the founder and CEO of 42 Below, which was a listed
company for three years prior to its sale to Bacardi in late 2006 . Geoff
was also Chairman of Trilogy International, an NZX listed company
focused on the home fragrances and body care products market.
Prior to 42 Below and Trilogy International, he was a Managing
Partner and Board Member of DDB Advertising for two years and was
a Client Service Director and Management Team Member for Saatchi
& Saatchi in Wellington for eight years . Geoff is also a Trustee of the
Melanoma Foundation and Pure Advantage .
Geoff has a Bachelor of Commerce (Agriculture) .
John Ashby
Independent Director
John is an independent director with extensive experience in the
international food and beverage industry including 10 years in the beer
business in UK and New Zealand . John has held CEO, board and
senior executive roles with Whitbread UK, Lion Nathan, Kraft General
Foods, Rio Beverages, Cerebos, Columbus Coffee, Bell Tea and
Foodstuffs Auckland. He has degrees in Engineering and Commerce
from Auckland University and is currently a Director of Tasti Products,
Integria Healthcare, Columbus Coffee and Groenz Group .
Craig Styris
Non Executive Director
Craig is an Investment Director at Pioneer Capital, an investor
in New Zealand businesses that are focused on growth in large
international markets, and is responsible for helping to source and
manage investments for Pioneer Capital . Craig is also a Director of
Magic Memories, Natural Pet Food Group, SNS Investments Ltd,
Wherescape Software and Rockit Group. Prior to joining Pioneer
Capital, Craig was an Associate Director at Craigs Investment
Partners and an Associate at Houlihan Lokey, an international
investment bank, in its Los Angeles head office.
Craig has a Graduate Diploma in Finance and a Bachelor of
Management Studies (Accounting and Economics) . Craig also
completed a year of undergraduate studies at the Haas School of
Business, University of California Berkeley.
Dave Poole
Non Executive Director
David has been involved in sales, business ownership and
directorships since 1992, primarily through Bayley Corporation, NZ’s
largest full service real estate company .
David brings to the board executive experience in leading businesses
through growth stages, including setting and achieving clear strategic
goals and driving sales and brand growth .
Sheena Henderson
Independent Director
Sheena has extensive FMCG knowledge, brand building and retail,
inducing roles at Mainland Cheese and Fonterra .
Sheena brings vast board experience, holding board roles with Smiths
City, Watson & Son, Governor of Radio New Zealand and Not for
Profit organisation – Young Enterprise plus recent terms as a brands,
for sustainable profitable growth ‘to the Moa group.
Director Profiles

MOA GROUP LIMITED
ANNUAL REPORT 20188
The overall responsibility for ensuring that the corporate governance
and accountability of the Company is properly managed, thereby
enhancing investor confidence, lies with the Board of Directors. A
copy of Moa’s Corporate Governance Code (“Code”) is available on
the Moa website www .moabeer .com .
The Code is generally consistent with the principles identified in the
NZX Corporate Governance Code (2017), except that as at 31 March
2018 the Company had not adopted a formal takeovers protocol or a
diversity policy with measurable objectives, and the Company’s Chair
is also its Chief Executive Officer.
The Company will continue to monitor best practice in the
governance area and updates policies to ensure it maintains the
most appropriate standards .
An outline of the Company’s governance arrangements are set
out below . Further detail is available on the Moa website
www.moabeer.com.
The Board Of Directors
The Board has ultimate responsibility for the strategic direction of Moa
and supervising Moa’s management for the benefit of shareholders.
The specific responsibilities of the Board include:
• Working with management to review and approve the business
and financial plans that set the strategic direction of Moa
• Monitor the Company’s performance against its approved
strategic, business and financial plans and oversee the
Company’s operating results on a regular basis so as to
evaluate whether the business is being properly managed
• Establishing and overseeing succession plans for the Chief
Executive Officer and senior management
• Monitoring compliance and risk management
• Establishing and monitoring Moa’s health and safety policies
• Ensuring effective disclosure policies and procedures are
adopted
• Ensuring effective reporting processes and procedures
• Ensuring the quality and independence of the Company’s
external audit process
Board Meeting and Committee Attendance
During the year to 31 March 2018 the company held 11 regular
Board meetings. The Audit & Risk committee met on 3 occasions.
Attendance by individual directors was as follows:
BOARD MEETINGS
AUDIT & RISK
COMMITTEE MEETINGS
ELIGIBLEELIGIBLE
John Ashby111033
David Poole1111
Geoff Ross1110
Allan Scott66
Craig Styris111133
Ashley Waugh9832
Sheena Henderson661
During the year Allan Scott retired on 30 September 2017, Ashley
Waugh retired on 31 December 2017 and Sheena Henderson was
appointed on 1 October 2017 .
Ethical Conduct
The Code includes a policy on business ethics which is designed to
govern the Board and management’s conduct . The Code addresses
conflicts of interest, receipt of gifts, confidentiality and fair business
practices . A copy of the Code is available on the Moa website www .
moabeer .com .
Board Membership
The Board currently consists of two independent directors, two
non-executive directors and one executive directors, who are elected
based on the value they bring to the Board .
Each Moa director is a skilled and experienced business person.
Together they provide value by making quality contributions to
corporate governance matters, conceptual thinking, strategic
planning, policies and providing guidance to management .
As at 31 March 2018 the company’s directors are:
Geoff Ross Executive Chair and CEO
Craig Styris Non-Executive Director
David Poole Non-Executive Director
John Ashby Independent Director
Sheena Henderson Independent Director
Profiles of current board members are shown on page 7.
The number of elected directors and the procedure for their retirement
and re-election at annual meetings of shareholders is set out in the
Constitution of the Company .
Corporate Governance

MOA GROUP LIMITED
ANNUAL REPORT 20189
Director Independence
In order for a director to be independent, the Board has determined
that he or she must not be an executive of Moa and must have no
disqualifying relationship as defined in the Code and the NZSX Listing
Rules .
The Board has determined that John Ashby and Sheena Henderson
are independent directors .
Nomination and Appointment of Directors
The Board is responsible for identifying and recommending
candidates . Directors may also be nominated by shareholders under
NZSX Listing Rule 3 .3 .5 .
A director may be appointed by ordinary resolution and all directors
are subject to removal by ordinary resolution.
The Board may at any time appoint additional directors . A director
appointed by the Board shall only hold office until the next annual
meeting of the Company, but shall be eligible for election at that
meeting .
One third of directors shall retire from office at the annual meeting
each year . The directors to retire shall be those who have been
longest in office since they were last elected or deemed to be elected.
Disclosure of Interests by Directors
The Code sets out the procedures to be followed where directors
have an interest in a transaction or proposed transaction or are faced
with a potential conflict of interest requiring the disclosure of that
conflict to the Board. Moa maintains an Interests register in which
particulars of certain transactions and matters involving directors are
recorded . The Interests register for Moa is available for inspection at
its registered office.
Directors’ Share Dealings
The Company has adopted a Securities Trading policy, which sets out
the procedure to be followed by directors, staff and associates trading
in Moa listed securities, to ensure that trades are not made while that
person is in possession of material information which is not generally
available to the market. Details of directors’ share dealings during the
12 months to 31 March 2018 are outlined on page 42 .
Directors’ and Officers’ Gender Composition

20182017
MALEFEMALEMALEFEMALE
Directors4160
Officers5040
Total91100
The Board at MOA recognise that along with relevant skills, diversity
is a key driver of effective board performance. As the Moa business
evolves the Board are committed to creating diversity among
Directors while preserving the right mix of skills.
Indemnification and Insurance of Directors
and Officers
The Company has directors’ and officers’ liability insurance with
AIG Insurance New Zealand Limited which ensures that generally,
directors and officers will incur no monetary loss as a result of actions
undertaken by them. The Company entered into an indemnity in
favour of its directors under a Deed dated 10 October 2012 .
Board Committees
The Board has two formally constituted committees . These
committees, established by the Board, review and analyse policies
and strategies which are within their terms of reference . The
Committees examine proposals and, where appropriate, make
recommendations to the Board. Committees do not take action or
make decisions on behalf of the Board unless specifically authorised
to do so by the Board .
Audit and Risk Committee
The Audit and Risk Committee is responsible for overseeing risk
management, treasury, insurance, accounting and audit activities of
Moa, reviewing the adequacy and effectiveness of internal controls,
meeting with and reviewing the performance of external auditors,
making recommendations on financial and accounting policies,
and reviewing external financial and performance reporting and
disclosures .
The members of the Audit and Risk Committee are John Ashby
(Chair), Craig Styris and Sheena Henderson .
Nominations and Remuneration Committee
The Nominations and Remuneration Committee operates within the
full Board and is responsible for overseeing management succession
planning, establishing employee incentive schemes, reviewing and
approving the compensation arrangements for the executive directors
and senior management, and recommending to the full Board the
remuneration of directors .

MOA GROUP LIMITED
ANNUAL REPORT 201810
Remuneration
Remuneration of directors and executives is the key responsibility of
the Nominations and Remuneration Committee . Details of directors
and executives’ remuneration and entitlements are set out on page 42 .
Directors’ Remuneration
Directors’ fees have been fixed at $75,000 per annum for the non
executive chair, $50,000 per annum for the chair of the Audit & Risk
committee and $40,000 per annum for other directors. To provide for
flexibility, shareholders have previously approved an aggregate cap
on non-executive directors’ fees of $300,000 for the purpose of NZSX
Listing Rule 3 .5 .
The directors have agreed to apply 20% of their after tax directors’
fees to the purchase on-market, or by subscription under Listing
Rule 7 .3 .7, of shares in lieu of a cash payment . If required to ensure
compliance with the Takeovers Code, some or all such shares may
be issued to directors, and immediately reclassified on acquisition, as
unlisted non-voting shares that otherwise have the same rights and
rank equally as ordinary shares.
The directors are also entitled to be reimbursed for all reasonable
travel, accommodation and other expenses incurred by them in
connection with their attendance at board or shareholder meetings, or
otherwise in connection with Moa’s business .
The Business Bakery LP has entered into a services agreement
with Moa dated 10 October 2012, pursuant to which it has agreed to
make Geoff Ross available to Moa to provide Chief Executive Officer
services for a fee of $210,000 (2017: $240,000) per annum. Under the
agreement, Moa paid a consultancy fee of $210,000 (2017: $240,000)
in respect of services provided for the period ended 31 March 2018 .
David Poole was paid $15,000 (2017: $60,000) for key market
consultancy services through 1st Seed Capital
Managing Risk
The Board has overall responsibility for the Company’s system of
risk management and internal control and has procedures in place
to provide effective control within the management and reporting
structure .
Financial Statements are prepared monthly and reviewed by the
Board progressively during the period to monitor performance against
budget goals and objectives. The Board also requires managers to
identify and respond to risk exposures.
A structured framework is in place for capital expenditure, including
appropriate authorisations and approval levels .
The Board maintains an overall view of the risk profile of the Company
and is responsible for monitoring corporate risk assessment
processes .
Disclosure
The Company adheres to the NZX continuous disclosure
requirements which govern the release of all material information that
may affect the value of the Company’s listed shares . The Board and
senior management team have processes in place to ensure that all
material information flows up to the Chair with a view to consultation
with the Board and disclosure of that information if appropriate .
Auditor
KPMG acts as auditor of the Company and has undertaken the
audit of the financial statements for the year ending 31 March 2018.
Particulars of the audit and other fees paid during the period are set
out on page 31 .

MOA GROUP LIMITED
ANNUAL REPORT 201811
Directors’ Report
The Board of Directors has pleasure in presenting the financial
statements and audit report for Moa Group Limited for the year
ended 31 March 2018 .
The financial statements presented are signed for and on behalf of
the Board of Directors and were authorised for issue
on 30 May 2018 .
Geoff Ross
Executive Chairman and CEO
John Ashby
Chair of the Audit and Risk Committee

MOA GROUP LIMITED
ANNUAL REPORT 201812
© 2018 KPMG, a New Zealand partnership and a member firm of the KPMG network of independent
member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.
Independent Auditor’s Report
To the shareholders of Moa Group Limited
Report on the consolidated financial statements
Opinion
In our opinion, the accompanying consolidated
financial statements of Moa Group Limited (the
company) and its subsidiaries (the group) on pages
7 to 29:
i.present fairly in all material respects the Group’s
financial position as at 31 March 2018 and its
financial performance and cash flows for the
year ended on that date; and
ii.comply with New Zealand Equivalents to
International Financial Reporting Standards and
International Financial Reporting Standards.
We have audited the accompanying consolidated
financial statements which comprise:
—the consolidated statement of financial position
as at 31 March 2018;
—the statements of comprehensive income,
changes in equity and cash flows for the year
then ended; and
—notes, including a summary of significant
accounting policies and other explanatory
information.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (New Zealand) (‘ISAs (NZ)’). We
believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
We are independent of the group in accordance with Professional and Ethical Standard 1 (Revised) Code of
Ethics for Assurance Practitioners issued by the New Zealand Auditing and Assurance Standards Board and the
International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants (IESBA
Code), and we have fulfilled our other ethical responsibilities in accordance with these requirements and the
IESBA Code.
Our responsibilities under ISAs (NZ) are further described in the auditor’s responsibilities for the audit of the
consolidated financial statements section of our report.
Our firm has also provided other services to the group in relation to advisory services. Subject to certain
restrictions, partners and employees of our firm may also deal with the group on normal terms within the
ordinary course of trading activities of the business of the group. These matters have not impaired our
independence as auditor of the group. The firm has no other relationship with, or interest in, the group.
Materiality
The scope of our audit was influenced by our application of materiality. Materiality helped us to determine the
nature, timing and extent of our audit procedures and to evaluate the effect of misstatements, both individually
and on the consolidated financial statements as a whole. The materiality for the consolidated financial
statements as a whole was set at $216,000 determined with reference to a benchmark of group revenues. We
chose the benchmark because, in our view, this is a key measure of the group’s performance.
2
Key audit matters
Key audit matters are those matters that, in our professional judgement, were of most significance in our audit
of the consolidated financial statements in the current period. We summarise below those matters and our key
audit procedures to address those matters in order that the shareholders as a body may better understand the
process by which we arrived at our audit opinion. Our procedures were undertaken in the context of and solely
for the purpose of our statutory audit opinion on the consolidated financial statements as a whole and we do not
express discrete opinions on separate elements of the consolidated financial statements
The key audit matter How the matter was addressed in our audit
Funding and capital adequacy
The group incurred a loss and had
negative operating cash outflows.
The group has funded its growth
over the last 5 years through a
combination of equity and bank
funding. Further funding is required
as forecast operating cash
outflows could potentially be larger
than the cash and debt available.
Subsequent to year end,
management and the directors
secured additional equity funding of
$1.92m.
Funding and capital adequacy is a
key audit matter as there is
judgement applied by the directors in
determining the forecast cash flows
of the group, which are the basis for
concluding the group is a going
concern.
The directors have outlined their
assessment of going concern in note
1 (e) to the financial statements.
Our audit procedures included:
-Assessing and evaluating the cash flow forecasting processes
and the historical accuracy of previous forecasts against actual
performance;
-Assessing the key assumptions underlying the current
forecasts and comparing them to recent trends in the
business, including revenue growth, margin growth and
management of operating expense and working capital;
-Considering independent reports and data on the recent and
forecast market growth of craft beer sales in New Zealand and
export markets;
-Challenging key assumptions where inconsistencies were
identified as a result of the above procedures and consideration
of alternative scenarios;
-Evaluating management’s assessment of the entity’s
historical
and forecasts compliance with debt covenants;
-Agreeing the amount of equity funding received subsequent to
balance date to source documentation and legal confirmation:
-Assessing the disclosure in the financial statements against
the requirements of the accounting standards.
Based on the procedures performed above, the director’s determination
that the financial statements are prepared on a going concern basis is
reasonable.
Revenue recognition
Refer to Note 1(d) to the Financial
Report.
Revenue is recognised based on the
terms of sale or distribution
agreement. In most cases, Moa
retain responsibility for goods while
in transit; therefore revenue is
recognised when the products have
been delivered to the customer and
possession taken.
Our audit procedures included:
-Analysing agreements between the group and it largest
customers to determine whether group’s policies and
procedures for recognition of revenue are consistent with the
accounting standards;
-Assessing and testing of relevant controls over the timing of
revenue recognition;
-Testing the recognition of a sample of revenue transactions
prior to
year end to determine whether they are recorded in the
correct period. This included agreement to shipping

MOA GROUP LIMITED
ANNUAL REPORT 201813
2
Key audit matters
Key audit matters are those matters that, in our professional judgement, were of most significance in our audit
of the consolidated financial statements in the current period. We summarise below those matters and our key
audit procedures to address those matters in order that the shareholders as a body may better understand the
process by which we arrived at our audit opinion. Our procedures were undertaken in the context of and solely
for the purpose of our statutory audit opinion on the consolidated financial statements as a whole and we do not
express discrete opinions on separate elements of the consolidated financial statements
The key audit matter How the matter was addressed in our audit
Funding and capital adequacy
The group incurred a loss and had
negative operating cash outflows.
The group has funded its growth
over the last 5 years through a
combination of equity and bank
funding. Further funding is required
as forecast operating cash
outflows could potentially be larger
than the cash and debt available.
Subsequent to year end,
management and the directors
secured additional equity funding of
$1.92m.
Funding and capital adequacy is a
key audit matter as there is
judgement applied by the directors in
determining the forecast cash flows
of the group, which are the basis for
concluding the group is a going
concern.
The directors have outlined their
assessment of going concern in note
1 (e) to the financial statements.
Our audit procedures included:
-Assessing and evaluating the cash flow forecasting processes
and the historical accuracy of previous forecasts against actual
performance;
-Assessing the key assumptions underlying the current
forecasts and comparing them to recent trends in the
business, including revenue growth, margin growth and
management of operating expense and working capital;
-Considering independent reports and data on the recent and
forecast market growth of craft beer sales in New Zealand and
export markets;
-Challenging key assumptions where inconsistencies were
identified as a result of the above procedures and consideration
of alternative scenarios;
-Evaluating management’s assessment of the entity’s
historical
and forecasts compliance with debt covenants;
-Agreeing the amount of equity funding received subsequent to
balance date to source documentation and legal confirmation:
-Assessing the disclosure in the financial statements against
the requirements of the accounting standards.
Based on the procedures performed above, the director’s determination
that the financial statements are prepared on a going concern basis is
reasonable.
Revenue recognition
Refer to Note 1(d) to the Financial
Report.
Revenue is recognised based on the
terms of sale or distribution
agreement. In most cases, Moa
retain responsibility for goods while
in transit; therefore revenue is
recognised when the products have
been delivered to the customer and
possession taken.
Our audit procedures included:
-Analysing agreements between the group and it largest
customers to determine whether group’s policies and
procedures for recognition of revenue are consistent with the
accounting standards;
-Assessing and testing of relevant controls over the timing of
revenue recognition;
-Testing the recognition of a sample of revenue transactions
prior to
year end to determine whether they are recorded in the
correct period. This included agreement to shipping
2
Key audit matters
Key audit matters are those matters that, in our professional judgement, were of most significance in our audit
of the consolidated financial statements in the current period. We summarise below those matters and our key
audit procedures to address those matters in order that the shareholders as a body may better understand the
process by which we arrived at our audit opinion. Our procedures were undertaken in the context of and solely
for the purpose of our statutory audit opinion on the consolidated financial statements as a whole and we do not
express discrete opinions on separate elements of the consolidated financial statements
The key audit matter How the matter was addressed in our audit
Funding and capital adequacy
The group incurred a loss and had
negative operating cash outflows.
The group has funded its growth
over the last 5 years through a
combination of equity and bank
funding. Further funding is required
as forecast operating cash
outflows could potentially be larger
than the cash and debt available.
Subsequent to year end,
management and the directors
secured additional equity funding of
$1.92m.
Funding and capital adequacy is a
key audit matter as there is
judgement applied by the directors in
determining the forecast cash flows
of the group, which are the basis for
concluding the group is a going
concern.
The directors have outlined their
assessment of going concern in note
1 (e) to the financial statements.
Our audit procedures included:
-Assessing and evaluating the cash flow forecasting processes
and the historical accuracy of previous forecasts against actual
performance;
-Assessing the key assumptions underlying the current
forecasts and comparing them to recent trends in the
business, including revenue growth, margin growth and
management of operating expense and working capital;
-Considering independent reports and data on the recent and
forecast market growth of craft beer sales in New Zealand and
export markets;
-Challenging key assumptions where inconsistencies were
identified as a result of the above procedures and consideration
of alternative scenarios;
-Evaluating management’s assessment of the entity’s
historical
and forecasts compliance with debt covenants;
-Agreeing the amount of equity funding received subsequent to
balance date to source documentation and legal confirmation:
-Assessing the disclosure in the financial statements against
the requirements of the accounting standards.
Based on the procedures performed above, the director’s determination
that the financial statements are prepared on a going concern basis is
reasonable.
Revenue recognition
Refer to Note 1(d) to the Financial
Report.
Revenue is recognised based on the
terms of sale or distribution
agreement. In most cases, Moa
retain responsibility for goods while
in transit; therefore revenue is
recognised when the products have
been delivered to the customer and
possession taken.
Our audit procedures included:
-Analysing agreements between the group and it largest
customers to determine whether group’s policies and
procedures for recognition of revenue are consistent with the
accounting standards;
-Assessing and testing of relevant controls over the timing of
revenue recognition;
-Testing the recognition of a sample of revenue transactions
prior to
year end to determine whether they are recorded in the
correct period. This included agreement to shipping

MOA GROUP LIMITED
ANNUAL REPORT 201814
3
The key audit matter How the matter was addressed in our audit
Revenue recognition is a key audit
matter due to:
- Large orders potentially being
placed on or around balance date for
which up to 10 days can pass
between the date of dispatch and
possession taken by the customer;
- The incentives that exist for
management to recognise sales in
the period prior to year-end.
documentation, proof of delivery at the customer’s premises,
terms and conditions of trade, or other documentation
indicating the date when the risks and rewards of ownership
passed to the buyer;
-Analysing credit notes issued after year end for evidence of
post year end reversal of revenues recognised during the year.
We did not find any evidence that recording of revenue around balance
date was materially incorrect.
Other information
The Directors, on behalf of the group, are responsible for the other information included in the group’s Annual
Report. Other information may include the director’s report and corporate governance information and the other
information included in the Annual Report. Our opinion on the consolidated financial statements does not cover
any other information and we do not express any form of assurance conclusion thereon.
The Annual Report is expected to be made available to us after the date of this Independent Auditor's Report. Our
responsibility is to read the Annual Report when it becomes available and consider whether the other information
it contains is materially inconsistent with the consolidated financial statements, or our knowledge obtained in the
audit, or otherwise appear misstated. If so, we are required to report such matters to the Directors.
Other matter
The consolidated financial statements of the group, for the year ended 31 March 2017, was audited by another
auditor who expressed an unmodified opinion on those statements on 29 May 2017.
Use of this independent auditor’s report
This independent auditor’s report is made solely to the shareholders as a body. Our audit work has been
undertaken so that we might state to the shareholders those matters we are required to state to them in the
independent auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept
or assume responsibility to anyone other than the shareholders as a body for our audit work, this independent
auditor’s report, or any of the opinions we have formed.
Responsibilities of the Directors for the consolidated financial
statements
The Directors, on behalf of the company, are responsible for:
—the preparation and fair presentation of the consolidated financial statements in accordance with generally
accepted accounting practice in New Zealand (being New Zealand Equivalents to International Financial
Reporting Standards) and International Financial Reporting Standards;
2
Key audit matters
Key audit matters are those matters that, in our professional judgement, were of most significance in our audit
of the consolidated financial statements in the current period. We summarise below those matters and our key
audit procedures to address those matters in order that the shareholders as a body may better understand the
process by which we arrived at our audit opinion. Our procedures were undertaken in the context of and solely
for the purpose of our statutory audit opinion on the consolidated financial statements as a whole and we do not
express discrete opinions on separate elements of the consolidated financial statements
The key audit matter How the matter was addressed in our audit
Funding and capital adequacy
The group incurred a loss and had
negative operating cash outflows.
The group has funded its growth
over the last 5 years through a
combination of equity and bank
funding. Further funding is required
as forecast operating cash
outflows could potentially be larger
than the cash and debt available.
Subsequent to year end,
management and the directors
secured additional equity funding of
$1.92m.
Funding and capital adequacy is a
key audit matter as there is
judgement applied by the directors in
determining the forecast cash flows
of the group, which are the basis for
concluding the group is a going
concern.
The directors have outlined their
assessment of going concern in note
1 (e) to the financial statements.
Our audit procedures included:
-Assessing and evaluating the cash flow forecasting processes
and the historical accuracy of previous forecasts against actual
performance;
-Assessing the key assumptions underlying the current
forecasts and comparing them to recent trends in the
business, including revenue growth, margin growth and
management of operating expense and working capital;
-Considering independent reports and data on the recent and
forecast market growth of craft beer sales in New Zealand and
export markets;
-Challenging key assumptions where inconsistencies were
identified as a result of the above procedures and consideration
of alternative scenarios;
-Evaluating management’s assessment of the entity’s
historical
and forecasts compliance with debt covenants;
-Agreeing the amount of equity funding received subsequent to
balance date to source documentation and legal confirmation:
-Assessing the disclosure in the financial statements against
the requirements of the accounting standards.
Based on the procedures performed above, the director’s determination
that the financial statements are prepared on a going concern basis is
reasonable.
Revenue recognition
Refer to Note 1(d) to the Financial
Report.
Revenue is recognised based on the
terms of sale or distribution
agreement. In most cases, Moa
retain responsibility for goods while
in transit; therefore revenue is
recognised when the products have
been delivered to the customer and
possession taken.
Our audit procedures included:
-Analysing agreements between the group and it largest
customers to determine whether group’s policies and
procedures for recognition of revenue are consistent with the
accounting standards;
-Assessing and testing of relevant controls over the timing of
revenue recognition;
-Testing the recognition of a sample of revenue transactions
prior to
year end to determine whether they are recorded in the
correct period. This included agreement to shipping

MOA GROUP LIMITED
ANNUAL REPORT 201815
2
Key audit matters
Key audit matters are those matters that, in our professional judgement, were of most significance in our audit
of the consolidated financial statements in the current period. We summarise below those matters and our key
audit procedures to address those matters in order that the shareholders as a body may better understand the
process by which we arrived at our audit opinion. Our procedures were undertaken in the context of and solely
for the purpose of our statutory audit opinion on the consolidated financial statements as a whole and we do not
express discrete opinions on separate elements of the consolidated financial statements
The key audit matter How the matter was addressed in our audit
Funding and capital adequacy
The group incurred a loss and had
negative operating cash outflows.
The group has funded its growth
over the last 5 years through a
combination of equity and bank
funding. Further funding is required
as forecast operating cash
outflows could potentially be larger
than the cash and debt available.
Subsequent to year end,
management and the directors
secured additional equity funding of
$1.92m.
Funding and capital adequacy is a
key audit matter as there is
judgement applied by the directors in
determining the forecast cash flows
of the group, which are the basis for
concluding the group is a going
concern.
The directors have outlined their
assessment of going concern in note
1 (e) to the financial statements.
Our audit procedures included:
-Assessing and evaluating the cash flow forecasting processes
and the historical accuracy of previous forecasts against actual
performance;
-Assessing the key assumptions underlying the current
forecasts and comparing them to recent trends in the
business, including revenue growth, margin growth and
management of operating expense and working capital;
-Considering independent reports and data on the recent and
forecast market growth of craft beer sales in New Zealand and
export markets;
-Challenging key assumptions where inconsistencies were
identified as a result of the above procedures and consideration
of alternative scenarios;
-Evaluating management’s assessment of the entity’s
historical
and forecasts compliance with debt covenants;
-Agreeing the amount of equity funding received subsequent to
balance date to source documentation and legal confirmation:
-Assessing the disclosure in the financial statements against
the requirements of the accounting standards.
Based on the procedures performed above, the director’s determination
that the financial statements are prepared on a going concern basis is
reasonable.
Revenue recognition
Refer to Note 1(d) to the Financial
Report.
Revenue is recognised based on the
terms of sale or distribution
agreement. In most cases, Moa
retain responsibility for goods while
in transit; therefore revenue is
recognised when the products have
been delivered to the customer and
possession taken.
Our audit procedures included:
-Analysing agreements between the group and it largest
customers to determine whether group’s policies and
procedures for recognition of revenue are consistent with the
accounting standards;
-Assessing and testing of relevant controls over the timing of
revenue recognition;
-Testing the recognition of a sample of revenue transactions
prior to
year end to determine whether they are recorded in the
correct period. This included agreement to shipping





4

—implementing necessary internal control to enable the preparation of a consolidated set of financial
statements that is fairly presented and free from material misstatement, whether due to fraud or error; and
—assessing the ability to continue as a going concern. This includes disclosing, as applicable, matters related
to going concern and using the going concern basis of accounting unless they either intend to liquidate or to
cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the consolidated financial
statements
Our objective is:
—to obtain reasonable assurance about whether the consolidated financial statements as a whole are free
from material misstatement, whether due to fraud or error; and
—to issue an independent auditor’s report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance
with ISAs NZ will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error. They are considered material if, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of these
consolidated financial statements.
A further description of our responsibilities for the audit of these consolidated financial statements is located at
the External Reporting Board (XRB) website at:
http://www.xrb.govt.nz/standards-for-assurance-practitioners/auditors-responsibilities/audit-report-1/
This description forms part of our independent auditor’s report.
The engagement partner on the audit resulting in this independent auditor's report is Jason Doherty.
For and on behalf of

Jason Doherty
KPMG Auckland
30 May 2018

For the year ended 31 March 2018
Financial
Statements
16
MOA GROUP LIMITED
ANNUAL REPORT 2018

MOA GROUP LIMITED
ANNUAL REPORT 201817
The above consolidated statement of comprehensive income should be read in conjunction with the accompanying notes.
Moa Group Limited
Consolidated Statement Of Comprehensive Income
For the year ended 31 March 2018

MOA GROUP LIMITED
ANNUAL REPORT 201818
The above consolidated statement of comprehensive income should be read in conjunction with the accompanying notes.
Moa Group Limited
Consolidated Statement of Financial Position
For the year ended 31 March 2018

MOA GROUP LIMITED
ANNUAL REPORT 201819
The above consolidated statement of comprehensive income should be read in conjunction with the accompanying notes.
Moa Group Limited
Consolidated Statement of Movements in Equity
For the year ended 31 March 2018

MOA GROUP LIMITED
ANNUAL REPORT 201820
The above consolidated statement of comprehensive income should be read in conjunction with the accompanying notes.
Moa Group Limited
Consolidated Statement of Cash Flows
For the year ended 31 March 2018

MOA GROUP LIMITED
ANNUAL REPORT 201821
Moa Group Limited
Notes to the Financial Statements
For the year ended 31 March 2018

MOA GROUP LIMITED
ANNUAL REPORT 201822

MOA GROUP LIMITED
ANNUAL REPORT 201823

MOA GROUP LIMITED
ANNUAL REPORT 201824

MOA GROUP LIMITED
ANNUAL REPORT 201825

MOA GROUP LIMITED
ANNUAL REPORT 201826

MOA GROUP LIMITED
ANNUAL REPORT 201827

MOA GROUP LIMITED
ANNUAL REPORT 201828

MOA GROUP LIMITED
ANNUAL REPORT 201829

MOA GROUP LIMITED
ANNUAL REPORT 201830

MOA GROUP LIMITED
ANNUAL REPORT 201831

MOA GROUP LIMITED
ANNUAL REPORT 201832

MOA GROUP LIMITED
ANNUAL REPORT 201833

MOA GROUP LIMITED
ANNUAL REPORT 201834

MOA GROUP LIMITED
ANNUAL REPORT 201835

MOA GROUP LIMITED
ANNUAL REPORT 201836

MOA GROUP LIMITED
ANNUAL REPORT 201837

MOA GROUP LIMITED
ANNUAL REPORT 201838

MOA GROUP LIMITED
ANNUAL REPORT 201839

MOA GROUP LIMITED
ANNUAL REPORT 201840
Shareholder and
Statutory Information
Company shares
The Company’s ordinary shares are listed on the main board of the equity security market operated by NZX Limited. On 15 June 2018 the
Company had listed voting securities comprising 58,521,609 fully paid, ordinary shares .
Twenty largest shareholders
The following table shows the names and holdings of the 20 largest registered holdings of listed ordinary shares of the Company as at 15 June 2018:
Notes:
1 “Pioneer Capital” includes shares held by Pioneer Capital I Nominees Limited, Pioneer Capital Moa Limited, Pioneer Capital Management
Limited and Pioneer Capital Curtis Limited .
2 “Geoff Ross” includes shares held by his family trust and by Moa Investments (2014) Limited .
3 Allan Scott Wines & Estates includes shares held by the company and those held jointly by Allan and Catherine Scott.
4 “Jason Rubright” includes shares in his own name and those jointly held.
INVESTORNOTESSHARES HELD
% OF ISSUED
SHARES
Pioneer Capital
1
1 12,095,227 20.66%
Geoff Ross
2
2 6,701,108 11.45%
Allan Scott Wines & Estates
3
3 3 ,76 7,12 8 6.43%
David Gerald Poole & Warren James Ladbrook & Gaylene Johanne Cadwallader 3,269,459 5.58%
Grant Baker & Donna Baker & Lewis Grant 2,153,083 3.68%
Richard Frank & Leslie Frank 1,398,598 2.39%
Malcolm Gifford Quarrie & Susan Jane Quarrie 1,355,737 2.32%
Stephen Sinclair & Jacqueline Sinclair & Roger Wallis 1,261,382 2.16%
Justin Matthew Bade & Dorota Agata Bade & RCA Trustees 2016 Limited 1,211,463 2.07%
Jason Rubright
4
4 920,047 1.57%
Richard Guyon Newcombe & Maria Jose Newcombe & Warren Douglas Bygrave 629,516 1.08%
Gareth Hughes & Wilson Mckay Trustee Company Limited 623,070 1.06%
FNZ Custodians Limited 569,900 0.97%
Custodial Services Limited 569,486 0.97%
Wai Hung Yuen 533,760 0.91%
John Ross Griffith & Linda Dorothy Griffith & John Rex Griffith 499,657 0.85%
Cushla Mary Smithies 474,320 0.81%
Custodial Services Limited 427,527 0.73%
ASB Nominees Limited 371,600 0.63%
Caroline Robyn Ball & Christopher John Thomson Bush 296,426 0.51%
Total39,041,59372.80%

MOA GROUP LIMITED
ANNUAL REPORT 201841
Substantial Product Holders
This information is given pursuant to the Financial Markets Conduct Act 2013.
On 15 June 2018 the Company had quoted financial products comprising 58,521,609 fully paid, quoted ordinary shares, and on its balance date
of 31 March 2018 it had 54,784,777 quoted shares .
Spread of Security Holders at 15 June 2018
SUBSTANTIAL PRODUCT HOLDERS AT 15 JUNE 2018NOTES
RELEVANT INTEREST IN
SHARES HELD
% OF ISSUED SHARES
Pioneer Capital 112,095,22720.66%
Trustees of the Ross Venture Trust 26,701,10811.45%
Allan Scott Wines & Estates 33 ,76 7,12 8 6.43%
Trustees of the Poole Investment Trust3,269,4595.58%
NOTESSHARES
Craig Styris1 12,119,227
Geoff Ross212,807,612
David Poole31,563,960
John Ashby31,920
Sheena Hendersonnil
SIZE OF HOLDINGHOLDER COUNT%SHARE HOLDING%
1-100019011 .0 5 141,015 0 .24
1001-500075243 .72 2 ,0 5 9,118 3 .52
5001-1000033119 .24 2, 414, 311 4 .13
10001-5000035920 .87 7,589,380 12 .97
50001-100000301 .74 2,070,482 3 . 54
Greater than 100000583 .37 4 4 , 2 47, 3 0 3 75 .61
TOTAL 1,633

100.00 58,521,609
100.00
As at 31 March 2018 the Business Bakery LP was also substantial product holder with a relevant interest in 11,423,566 quoted shares, which
ceased on 7 June 2018 when it made an in specie distribution to its limited partners including the trustees of the Ross Venture Trust and the
trustees of the Poole Investment Trust . The other relevant interests as at 31 March 2018 were as stated above .
Statement of Directors’ Relevant Interests
Directors held the following relevant interests in equity securities in the Company as at 31 March 2018:
Notes:
1 “Pioneer Capital” includes shares held by Pioneer Capital I Nominees Limited, Pioneer Capital Moa Limited, Pioneer Capital Management
Limited and Pioneer Capital Curtis Limited .
2 “Ross Venture Trust” includes shares held directly and by Moa Investments (2014) Limited .
3 Allan Scott Wines & Estates includes shares held by the company and those held jointly by Allan and Catherine Scott.
Notes:
1 Relevant interest in listed ordinary shares and unlisted non-voting shares as beneficial owner jointly with Amanda Styris in shares held by
Styris Investments Limited and also a relevant interest in the shares held by Pioneer Capital .
2 Relevant interest included shares then held by the Business Bakery LP. Following the Business Bakery LP in specie distribution on 7 June
2018 Mr Ross had a relevant interest in 6,701,108 shares .
3 Following the Business Bakery LP in specie distribution on 7 June 2018 Mr Poole had a relevant interest in 3,269,459 shares.

MOA GROUP LIMITED
ANNUAL REPORT 201842
Directors’ Remuneration and Other Benefits
The names of the directors of the Company who held office during the year ended 31 March 2018 and the details of their remuneration and value
of other benefits received for services to Moa Group Limited for the period ended on 31 March 2018 were:
Entries Recorded in the Interests Register
The following entries were recorded in the Interests Register of the Company during the period to 31 March 2018 .
Director Share Dealings
During the year ended 31 March 2018 the directors disclosed under section 148 of the Companies Act 1993 that they were issued, acquired or
disposed of relevant interests in Company shares:
John Ashby and Sheena Henderson were considered by the Board to be independent directors as at 31 March 2018 .
Geoff Ross, David Poole and Craig Styris were not considered to be independent directors as at 31 March 2018 .
NOTES$
NATURE OF
REMUNERATION
Geoff Ross1231,040
Management fees & Share
Options
Craig Styris240,000Director fees
Allan Scott20,000Director fees
Ashley Waugh556,250Director fees
John Ashby350,000Director fees
David Poole455,000
Director fees &
Consultancy Fees
Sheena Henderson20,000
Director fees
NUMBER OF
SHARES ACQUIRED
NATURE OF
RELEVANT INTEREST
CASH
CONSIDERATION
PAID
DATE OF
ACQUISITION
OR DISPOSAL
NOTES
Ashley Waugh9,000Voting shares5,8502 Jun 2017
Craig Styris13,004Non Voting shares7,9324 Jul 2017
Geoff Ross100,000Voting sharesn/a12 Sep 20172
David Poole81,559Voting shares40,00012 Sep 20171
Ashley Waugh11,000Voting shares4,95029 Sep 2017
David Poole485,000Voting shares210,50022 Dec 2017
David Poole115,000Voting shares5 7, 5 0 011 Jan 2018
David Poole4 3 4,197Voting shares2 3 0,12430 Jan 2018
Notes:
1 Paid to The Business Bakery LP as described below under “Director remuneration” and Geoff Ross for employee share options exercised
2 Paid to Pioneer Capital and disclosed as “Director remuneration”
3 Paid to Strategy in Action Ltd and disclosed as “Director remuneration”
4 Paid to 1st Seed Capital Ltd and disclosed as “Director remuneration”
5 Paid to 1st Seed Capital Ltd and disclosed as “Director remuneration” .
Notes:
1 Shares issued in lieu of management fees
2 Shares issued under Employee Share Option Scheme

MOA GROUP LIMITED
ANNUAL REPORT 201843
Other Directorships
The following represents the interests of directors in other companies as at 31 March 2018 disclosed to the Company
and entered in the Interests Register:
Directors’ Remuneration
The chair receives an annual fee of $75,000, the chair of the Audit and Risk committee receives an annual fee of $50,000, while the remaining
directors each receive an annual fee of $40,000. Actual fees received in the period to 31 March 2017 are stated above under the heading
‘Directors’ remuneration and other benefits’.
The Business Bakery LP (associated with Chief Executive Officer Geoff Ross) was paid management fees in connection with the Executive
Director services provided on its behalf by Geoff Ross pursuant to a consulting agreement dated 10 October 2012 . The annual service fee under
that consulting agreement is $240,000 and $210,000 was paid in the year. In addition Geoff Ross exercised 100,000 share options and the
difference between the exercise price and the market price was $21,040.
David Poole provided consultancy services to the value of $15,000 in addition to Director Fees.
Indemnity and Insurance
The Company entered into an indemnity in favour of its directors under a deed dated 10 October 2012 . The Company has insured all of its
directors against liabilities and costs referred to in section 162(5) of the Companies Act 1993 .
GEOFF ROSS
Trilogy International Limited – Director
The Business Baker y LP - D irec tor of general par tner and limited par tner through assoc iated family tr ust
Heilala Vanilla – minor shareholder in vanilla supplier to Moa Brewing Company Ltd
CRAIG STYRIS
Orion Corporation Limited – Shareholder (via Pioneer Capital)
OMNI Orthopaedics Inc - Shareholder (via Pioneer Capital)
Natural Pet Food Group Limited - Shareholder and Director (via Pioneer Capital)
SNS Investments Limited - Shareholder and Director (via Pioneer Capital)
Wherescape Software Limited – Shareholder and Director (via Pioneer Capital)
KonnectNet Limited - Shareholder (via Pioneer Capital)
Magic Memories Group Holdings Limited – Shareholder and Director (via Pioneer Capital)
Waikato Milking Systems Limited – Shareholder (via Pioneer Capital)
Lifestream Group Limited – Shareholder (via Pioneer Capital)
Rockit Group Limited – Shareholder and Director (via Pioneer Capital)
JOHN ASHBY
AsureQuality Limited – Deputy Chairman
Coffee Connection Limited/Cafe Brands Limited - Director and Shareholder
Medicine Mondiale CT/Mondiale Technologies Limited – Trustee and Director
Tasti Products Limited - Director
Integria Healthcare Limited - Director
Groenz Group Limited - Director
SiA Limited – Director and Shareholder
DAVID POOLE
The Business Bakery LP - Limited partner through associated family trust
SHEENA
HENDERSON
Smiths City Group – Director of [Smiths City Group Limited, Smiths City Properties Limited, Smiths City (Southern) Limited,
SCG Finance Limited, Smiths City Finance Limited] – Director
Watson & Son GP Limited
Young Enterprise Trust – Trustee
NZ Pork Board – Director
Natural Pet Food Group Limited – Director
Cluster Consulting Group – Managing Director

MOA GROUP LIMITED
ANNUAL REPORT 201844
Employees’ Remuneration
During the period, the number of employees, not being directors of the Company, who received remuneration and the value of other benefits
exceeding NZ$100,000 was as follows:
Remuneration Range
REMUNERATION RANGE $NZ ‘000NUMBER OF EMPLOYEES
120 –1302
220–2301
260–2701
NZX Waivers Obtained During the Period to 31 March 2018
None were obtained .
Audit Fees
The amounts payable to KPMG as auditor of the Company are as set out in the notes to the financial statements

MOA GROUP LIMITED
ANNUAL REPORT 201845
Directors
GEOFF ROSSExecutive Chairman
DAVID POOLENon Executive Director
CRAIG STYRISNon Executive Director
JOHN ASHBYIndependent Director
SHEENA HENDERSONIndependent Director
Financial Calendar
Interim results announcedNovember
Interim report publishedDecember
End of financial year31 March
Annual results announcedMay
Annual report publishedJune
Registered Office and Address for Service
70 Richmond Road, Grey Lynn, Auckland 1021
Phone +64 9 367 9841 Facsimile +64 9 637 9471 www .moabeer .com

Auditor
KPMG

Banker
Bank of New Zealand

Solicitors
Chapman Tripp

Company Publications
The Company informs investors of the Company’s business and
operations by issuing an Annual report and an Interim Report.

Corporate Directory
Share Register and Shareholder Enquiries
Shareholders with enquiries about transactions or changes of address
should contact the share register:
Link Market Services Limited
Level 11, Deloitte Centre, 80 Queen Street, Auckland 1010, PO Box
91976, Auckland 1142
Phone +64 9 375 5998 | Facsimile +64 9 375 5990
Other questions should be directed to the Company’s Secretary at the
registered address .
Stock Exchange
The company’s shares trade on the NZX main board equity security
market operated by NZX under the code MOA.