Annual Report 2016 Presented at General Assembly

The New Zealand Olympic Committee has presented the Annual Report for 2016 at its annual General Assembly while New Zealand National Sporting Organisations have re-elected Mike Stanley as President for a final third term.

Annette Purvis now joins the New Zealand Olympic Committee board and four new sports have been accepted for membership. 

Speaking to members in Auckland today, Stanley acknowledged the performance of the New Zealand Olympic Committee throughout 2016.

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He also commended the athletes and support staff of the Rio 2016 Olympic Team and acknowledged the challenges faced by global and domestic sport.

“2016 was a milestone year and New Zealand’s athletes brought home more medals than any other team in our Olympic history,” he said, referring to the four gold, nine silver and five bronze medals won at the Rio 2016 Olympic Games. “They represented New Zealand with honour and pride both on and off the field and I thank the athletes for their determination and commitment.”

“While Rio was a challenging environment, preparations and leadership were of a high quality. 95% of athletes and support staff and 100% of NSO and other stakeholders said the team was led and organised effectively.”

“I thank Kereyn Smith and her team for their work and performance in 2016. I also acknowledge Rob Waddell and the team on the ground in Rio.”

“The world was shocked by the allegations contained in the McLaren report and we must work together to protect our athletes and the integrity of sport. We cannot be complacent,” he said. “We are also continually challenged by the pressures on ourselves and our member National Sporting Organisations to continue to adapt to the increasingly competitive world of international sport and a crowded New Zealand funding environment.”

The New Zealand Olympic Committee finished the year with a financial deficit of $1.151m. This loss had been budgeted as the organisation delivered the resource-heavy Rio Olympic Games.  Net 2016 income was $11.762m and total expenditure was $12.917m.

The New Zealand Olympic Committee is a not-for-profit charitable organisation and relies on income from sources including commercial partners, benefactors, the IOC and HPSNZ.

 

The New Zealand Olympic Committee Annual Report for 2016 can be found here. 


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