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


Tai Poutini Polytech posts record surplus

Media Release – May 24, 2005

Tai Poutini Polytech posts $4.2 million record surplus; student costs ease

Tai Poutini Polytech on the West Coast of the South Island today reported a $4.2 million record operating surplus, an increase of 42 percent on last year.

The operating surplus represented 18.7 percent on income of $22.2 million.

Tai Poutini, based in Greymouth, reduced costs for each equivalent fulltime student (EFTS) from $6389 in 2003 to $5572 last year. The polytech has 14,763 students enrolled.

The number of EFTS (3238) has increased 52 percent on the previous year and has soared six-fold since 2000, chief executive Don Campbell said.

``We are in a strong position. All key indicators have been bettered, driven by the needs of the region, economy, industry community and students.

``The buoyant West Coast and New Zealand economies present a new set of all challenges for all tertiary providers, yet there is still a critical job to do upskilling the workforce to increase productivity. Tai Poutini played its part in 2004 in achieving this.’’

The polytech opened a centre in Hokitika during the year to add to its other campuses in Auckland. Reefton, Wanaka, Christchurch and Greymouth.

Chairman Allan Beaumont said Tai Poutini played a significant part in skilling and upskilling a number of sectors of the New Zealand workforce.

Tai Poutini was recognised in the Deloitte / Unlimited national Fast 50 awards last year.

They were the only polytechnic in New Zealand in the top 50. The Fast 50 is an annual index of New Zealand’s fastest growing companies based on percentage growth revenue.

The Tai Poutini Polytechnic based in Greymouth is going ahead with a $3.5 million capital expenditure programme this year.

Campbell said this included buying a motel for student accommodation and buying land and equipment for its truck and digger school in Reefton.

Tai Poutini, New Zealand’s most isolated polytech, is also upgrading its ageing van fleet, and buying computer equipment and other capital items and yet its marketing spend is a mere $50 per EFTS.

``We’re investing heavily in our future and spending a lot of money mainly on the West Coast, using coast suppliers as much as possible,’’ Campbell said.


© Scoop Media

Culture Headlines | Health Headlines | Education Headlines


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>>


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>>

Scoop Review Of Books: Nō Tāu Manawa

Vaughan Rapatahana responds to Fale Aitu | Spirit House by Tusiata Avi: "fa’afetai Tusiata, fa’afetai, / you’ve swerved & served us a masterclass corpus / through graft / of tears & fears..." More>>

9 Golds - 21 Medals: NZ Team Celebrates As Rio 2016 Paralympic Games Close

The entire New Zealand Paralympic Team, led by kiwi sprinter and double gold medallist Liam Malone as flag bearer, are on the bus to the Maracanã Stadium in Rio de Janeiro for the Closing Ceremony of the Rio 2016 Paralympic Games. There, they will celebrate the fantastic successes of the past 10 days. More>>


New Zealand Improv Festival: The Festival Of Moments To Return To The Capital

The eighth incarnation of the New Zealand Improv Festival comes to BATS Theatre this 4-8 October , with a stellar line-up of spontaneous theatre and instant comedy performed and directed by top improvisors from around New Zealand and the world. More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news