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Crown research institutes' surplus continues to grow


Crown research institutes' surplus continues to grow – Media release

Crown research institutes’ operating surplus was $30.2 million in the year ended 30 June 2012, Statistics New Zealand said today. Their operating surplus was $4.4 million larger than the year ended June 2011, when income exceeded spending by $25.9 million.

After allowing for valuation gains and losses, payment of dividend, profits and losses on sales of fixed assets and income tax, Crown research institutes recorded a total comprehensive income (a bottom line) of $23.9 million. This surplus is $1.9 million greater than in 2011.

Crown research institutes’ operating income (funding earned to provide core services) increased by 1.6 percent compared with the year ended June 2011, to $695.5 million. Spending on core services rose 1.0 percent to $665.2 million. The largest contributor to the increase in operating income was government revenue, which increased by $12.8 million. Employee costs (up $5.6 million) were the largest contributor to the increase in operating expenses.

Crown research institutes reduced their liabilities by 10.6 percent, to $205.4 million at 30 June 2012. Their total assets grew by 0.3 percent in value, to $732.0 million. Total equity (difference between assets and liabilities) increased by 5.3 percent, up $26.5 million.

Authorised by:
Vince Galvin
Acting Government Statistician

Published 5 December 2012

For more information about these statistics:
• Visit Crown Research Institute Statistics: Year ended 30 June 2012
• Open the attached files

Information release (PDF) Tables (Excel) Copy of this media release (PDF)

(See attached file: CrownResearchInstituteStatisticsYe30Jun12.pdf)(See attached file: cris-yejun12-all-tables.xls)(See attached file: CrownResearchInstituteStatisticsYe30Jun12MR.pdf)

CrownResearchInstituteStatisticsYe30Jun12MR.pdf

crisyejun12alltables.xls

CrownResearchInstituteStatisticsYe30Jun12.pdf


ENDS

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