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


Crown Research Institutes Remain in Surplus

Crown Research Institutes Remain in Surplus

The surplus after tax and non-operating items for New Zealand's nine Crown Research Institutes (CRIs) was $11.6 million, for the year ended 30 June 2003, according to Statistics New Zealand. This was an increase of $1.0 million, when compared with the June 2002 year.

In the year to 30 June 2003, total income received by the nine CRIs increased by $8.6 million to reach $520.1 million. Sales revenue, up $10.1 million, was slightly offset by a $3.9 million fall in Government revenue. Interest revenue also fell, down $1.4 million, while all other income rose $3.8 million, compared with the June 2002 year.

CRIs' operating expenses increased by $16.9 million to reach $504.9 million for the year ended June 2003. Employee costs were the main contributor to the increase, rising $9.3 million to reach $256.6 million.

The value of total assets at the end of June 2003 was $436.3 million, an $8.3 million increase on June 2002. Current assets rose $2.5 million to $115.8 million, while the level of investments fell $2.6 million to $4.8 million. The value of CRIs' fixed assets increased, up $7.9 million to reach $296.4 million.

Total liabilities remained relatively unchanged, at $138.7 million, at the end of June 2003. As a result of this, taxpayers' equity in CRIs rose by $7.7 million to reach $297.6 million at the end of June 2003.

Brian Pink
Government Statistician

© Scoop Media

Business Headlines | Sci-Tech Headlines


Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>


Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>


CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>


Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>


Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>