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Cup Village's Regional Investment Summary

Summary Of ACVL’s Approach To Valuing The Region’s
Investment In The Cup Village

Net equity investment 85.7

 estimated realisable value 38.9
 proceeds from sale of logfarm 10.0
 net working capital 2.3
 funding from Ports of Auckland
and Government 11.0
____ 62.2

Net Regional Investment 23.5

The net regional investment can be broken down into

 Investment in Village infrastructure 14.0

 Loss on public participation and
running the event 9.5

Herald’s Method Of Valuing The Investment

Net equity investment 85.7

Estimated realisable value 29.0

Loss on event 56.7


1. ACVL’s realisable value is based on advice from an independent, professional valuation report. It has been accepted by ACVL’s auditors, Audit New Zealand.

2. The Herald’s valuation is based on a questioned posed in a letter from an Infrastructure Auckland executive, in the process of preparing financial information.

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