Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Crown Research Institutes' Revenue Increases

Crown Research Institute Statistics: Year ended 30 June 2001

Crown Research Institutes' Revenue Increases

New Zealand's nine Crown Research Institutes (CRIs) earned revenue of $484.4 million in the year to 30 June 2001, provisional Statistics New Zealand figures show. This was an increase of $34.2 million compared with the previous June year and was mainly the result of a $30.5 million rise in sales revenue, to $206.6 million.

In the year to June 2001, revenue from Government was almost unchanged compared with the previous year. Revenue from this source was $266.0 million compared with the $265.5 million recorded a year earlier.

CRIs' operating expenses also increased during the year to 30 June 2001. Total operating expenses rose $33.7 million to reach $457.1 million. Employee costs increased 5.6 percent in the June 2001 year, from $214.5 million to $226.5 million. Other expenses increased by $19.5 million to reach $196.1 million, and depreciation rose from $31.4 million to $33.7 million.

For the year ended June 2001, the surplus before tax and non-operating items for the nine CRIs was $27.3 million, an increase of $0.5 million compared with the previous year. After tax and non-operating items, the CRIs recorded a $21.9 million surplus. This was an increase of $6.7 million compared with the June 2000 year.

Taxpayers' equity in the CRIs rose by $25.1 million to reach $319.2 million in the latest June year, compared with $294.1 million the previous year. This increase is mainly a result of accumulated surpluses.

Liabilities at the end of June 2001 totalled $119.5 million, up from $101.6 million at June 2000. Current liabilities were $99.0 million and long-term liabilities were $20.5 million.

During the year ended June 2001, Crown Research Institutes acquired a net $35.7 million of fixed assets. The value of the CRIs' fixed assets increased by 3.3 percent to $279.5 million during the year. Over the same period, current assets increased 30.6 percent to reach $120.2 million. Investments also rose, from $17.7 million to $19.2 million. Total assets at the end of June 2001 were $438.7 million, up from $395.7 million a year earlier.

Brian Pink Government Statistician END

© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news