Statistical coverage
The statistics contained in this release are derived from Statistics New Zealand's Central Government Enterprise Survey and therefore may differ from financial statements presented in the respective annual reports of the Crown research institutes (CRIs). The survey has captured the economic activity of the CRIs since their establishment on 1 July 1992.
Merger information
The New Zealand Institute for Crop and Food Research Ltd and the Horticulture and Food Research Institute of New Zealand Ltd merged on 1 December 2008 to form the New Zealand Institute for Plant and Food Research Limited, but continued to report separately in the survey until the end of the financial year. This non-consolidation has affected survey results for the latest year and will contribute to differences between survey data reported in this release and data appearing in the annual financial statements of CRIs.
Crown research institutes
The nine Crown research institutes are:
- Industrial Research Ltd
- New Zealand Forest Research Institute Ltd
- AgResearch Ltd
- Institute of Geological and Nuclear Sciences Ltd
- Landcare Research New Zealand Ltd
- Institute of Environmental Science and Research Ltd
- New Zealand Institute for Crop and Food Research Ltd
- Horticulture and Food Research Institute of New Zealand Ltd
- National Institute of Water and Atmospheric Research Ltd
Total operating income
Total operating income increased $28.8 million to $677.9 million in the year ended June 2009. The two most significant contributors to this increase were sales (up $12.7 million) and government revenue (up $12.1 million).
Total operating expenses
Total operating expenses increased $30.8 million to reach $652.8 million in the year ended June 2009. Employee costs contributed $20.6 million of the $30.8 million increase and totalled $334.3 million. All other expenses (excluding depreciation and interest paid) increased by $7.4 million to total $265.9 million in the year ended June 2009.
Balance sheet information
Taxpayers' equity in the CRIs rose by $13.2 million to $498.4 million. Current liabilities totalled $155.1 million (up $24.1 million), while long-term liabilities fell $4.0 million to $48.4 million. The value of total assets increased $33.3 million to reach $701.9 million at 30 June 2009, surpassing $700 million for the first time since Statistics New Zealand began surveying CRIs.
Next release ...
Crown Research Institute Statistics: Year ended 30 June 2010 will be released in December 2010.