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


Crown Research Institute Statistics

Crown Research Institute Statistics: Year ended 30 June 2005

10:45am — 8 December 2005

Crown Research Institute Income Increases

New Zealand's nine Crown Research Institutes (CRIs) received total income of $548.6 million in the year ended 30 June 2005, Statistics New Zealand said today. This was an increase of $16.4 million compared with the June 2004 year. The CRIs received $271.2 million in government funding for the year, an increase of $6 million on the previous June year, and earned $263.8 million in sales, an increase of $7 million (2.7 percent).

Rises were also recorded in the levels of interest revenue and all other income, which increased by $1.2 million and $2.1 million, respectively.

Total CRI operating costs increased by $13.4 million to reach $532.6 million for the year ended 30 June 2005. The main contributor to this increase was all other expenses, and in particular other operating costs, which increased $12.3 million to reach $226.5 million. Employee costs increased $1.5 million (0.6 percent) in the latest June year, while interest paid rose from $2.2 million to $3.1 million. Depreciation decreased by $1.2 million.

The surplus before tax and non-operating items for the nine CRIs was $16.0 million for the year ended 30 June 2005, an increase of $3.0 million compared with the previous year. After tax and non-operating items, the CRIs recorded a provisional $13.3 million surplus. This was equivalent to the June 2004 year. Taxpayers' equity in the CRIs rose to $320.1 million at 30 June 2005, up from $317.8 million for the previous June year. This surpasses the previous high of $319.2 million recorded for the June 2001 year. Liabilities at 30 June 2005 totalled $151.9 million, up $2.6 million from the level at 30 June 2004. Current liabilities were $113.1 million and long-term liabilities were $38.8 million. @

The value of total assets at 30 June 2005 was $472.1 million, $5 million more than the value recorded a year earlier. This was mainly the result of a $16.0 million increase in the level of investments, and current assets rising by $2.5 million. This increase was largely offset by fixed assets and other assets decreasing by $11.2 million and $2.3 million, respectively.

Brian Pink

Government Statistician


© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>