Definition of terms and acronyms
m3/ha
Cubic metres of timber per hectare.
Mid Rotation Inventory
An inventory of the trees halfway through a crop's life cycle, involving the measurement and analysis of a randomly selected sample based on area, often at an intensity of 1% of total area. The data is used to ‘grow on’ the crop to maturity using computer modelling to give an estimate of log grade and [...]
Net Stocked Area
The actual area of land in the forest that has the treecrop on it.
Net Present Value (NPV)
Net Present Value is the sum of all discounted future cash flows for a forest investment. NPV is a useful tool to determine whether an investment will result in a net profit or a loss.
New Issue
A new forest investment offered for direct investment under a Product Disclosure Statement. See Product Disclosure Statement.
Open Tender
The process to invest in an established Forest Enterprises forest investment is to purchase shares via open tender, a process that Forest Enterprises facilitates on behalf of our existing clients. Potential buyers submit an offer to buy shares, which is either accepted by the seller or an agreeable offer is negotiated.
Ordinary Partnership
This is an investment structure used by some of Forest Enterprises’ historic forest investments. An ordinary partnership is the relationship between persons carrying on a business in common with a view to profit. Unlike a company, an ordinary partnership is not a separate legal entity. Partners in an ordinary partnership therefore have unlimited personal liability [...]
Partnership Agreement
See Deed of Partnership.
Partnership Shares
The name of the unit of investment in a partnership.
Pinus radiata
See Radiata pine.