Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

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

 

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

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

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

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.