Education Policy | Post Primary | Preschool | Primary | Tertiary | Search

 


Lincoln University $5.3m surplus

22 February 2005

Diverse income streams deliver Lincoln University $5.3m surplus

Lincoln University increased its surplus in 2004, over 2003, on the back of a buoyant and diverse range of activities connected with its core business of teaching and research.

A surplus of $5.3 million for 2004 has been announced today (22 Feb.) by Vice-Chancellor Professor Roger Field.

The operating surplus is in line with the University’s target for 2004 but is enhanced by a particularly successful 2004, he says.

The University is required to secure a strong financial position to support future growth and innovation. The University is embarking on initiatives to support staff and students and to meet a number of national goals.

Lincoln University Council, meeting today for the first time this year, recognised that the University’s financial performance in 2004 was a “significant achievement” and one that had to be seen in the terms of sustained future opportunity, allowing the University to respond to business conditions which continue to change.

A revenue increase of $10.8 million over the previous year to $82.4 million led to improvement across core business performance and a significant increase in the surplus was achieved. Major contributions to this came from international tuition fees increasing by $4.2 million and research contracts increasing $3.1 million.

“The University’s surplus for 2004 is particularly notable insofar as it was achieved in an environment of increased operating costs, particularly related to compliance costs, and personnel expenditure,” says the Vice-Chancellor.

“As I said at the time of announcing last year’s favourable financial situation, when the surplus is looked at alongside a strong asset base, virtually no debt, no significant credit risks and a strong cash flow, it must be concluded that Lincoln University is in a sound financial position,” said Professor Field.

ENDS

© Scoop Media

 
 
 
 
 
Culture Headlines | Health Headlines | Education Headlines

 

NZ On Air TV Funding: More Comedy Comes Out Of The Shadows

Paranormal Event Response Unit is a series conceived by Jemaine Clement and Taika Waititi as a TV spin-off from their highly acclaimed feature film What We Do In The Shadows. More>>

ALSO:

Mars News: Winners Announced For The 2016 Apra Silver Scroll Awards

Wellington singer-songwriter and internationally acclaimed musician Thomas Oliver has won the 2016 APRA Silver Scroll Award with his captivating love song ‘If I Move To Mars’. More>>

ALSO:

Scoop Review Of Books: Salt River Songs by Sam Hunt

Colin Hogg, a longtime comrade of Sam, writes in his Introduction that, ‘There is a lot of death in this collection of new poems by my friend Sam Hunt. It’s easier to count the poems here that don’t deal with the great destroyer than it is to point to the ones that do.’ More>>

Electronica: Restoring The World’s First Recorded Computer Music

University of Canterbury Distinguished Professor Jack Copeland and UC alumni and composer Jason Long have restored the earliest known recording of computer-generated music, created more than 65 years ago using programming techniques devised by Alan Turing. More>>

ALSO:

Scoop Review Of Books: Almost Getting Away With Murder

The Black Widow by Lee-Anne Cartier: Lee-Anne Cartier is the sister of the Christchurch man found to have been murdered by his wife, Helen Milner, after an initial assumption by police that his death, in 2009, was suicide. More>>

Howard Davis: Triple Echo - The Malevich/Reinhardt/Hotere Nexus

Howard Davis: The current juxtaposition of works by Ralph Hotere and Ad Reinhardt at Te Papa perfectly exemplifies Jean Michel Massing's preoccupation with the transmigration of imagery in a remarkable triple echo effect... More>>

Get More From Scoop

 
 

LATEST HEADLINES

 
 
 
 
Education
Search Scoop  
 
 
Powered by Vodafone
NZ independent news