KEY POINTS:
* The New Zealand Rugby Union recorded a $1.7 million loss in 2007 (2006: $4.8m loss) compared with a budgeted loss of $4.4 million.
* Revenue and expenses were $101.7m (2006: $93.3m) and $103.4m (2006: $98.1m).
* The loss recorded in 2007 meant the NZRU reserves at year-end were at $78.9m (2006: $79.7m).
* The 2007 Financial Statements have been prepared to comply with New Zealand equivalents to International Financial Reporting Standards.
* The NZRU achieved a Scoreboard rating of 52 per cent in 2007, compared to 84 per cent in 2006.
* The All Blacks quarterfinal loss against France in Rugby World Cup saw them end the year with 10 wins from 12 tests. Earlier in the year, the All Blacks retained the Bledisloe Cup, won the Philips Tri Nations and won all three Tests in the inaugural Iveco Series in June.
* The Junior All Blacks maintained their three-year unbeaten record and claimed a second consecutive IRB Pacific Nations Cup title.
* The New Zealand Under 19 team claimed the IRB Under 19 World Championship title.
* New Zealand Sevens staged a remarkable late comeback to claim an unprecedented seventh IRB World Sevens Series title.
* The Black Ferns swept their two-test series against Australia to retain the transtasman Laurie O'Reilly trophy.
* The NZRU reviewed its Community Rugby Plan in 2007. A refreshed, refocused Plan backed by an investment of $25 million will come into effect from 2008.
* The NZRU signed a new four-year global sponsorship deal with Italian heavy commercial vehicle manufacturer Iveco.
