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

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

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Insurers Up For More Payouts: Chch Property Investor Wins Policy Appeal In Supreme Court

Ridgecrest NZ, a property investor, has won an appeal in the Supreme Court over insurance cover provided by IAG New Zealand for a Christchurch building damaged in four successive earthquakes. More>>

ALSO:

Other Cases:

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news