2009 financial information - Universities

Universities’ surpluses before abnormals decreased from $96.8 million in 2007 to $74.8 million in 2008, and increased to $98 million in 2009. From 2007 to 2009 universities’ government funding increased 12.6% (from $1.2 billion to $1.3 billion), non-government revenue 11.3% (from $1.5 billion to $1.7 billion), and universities’ net assets 8.3% (from $5.3 billion to $5.7 billion). The total number of EFTS delivered by the universities increased almost 8% (from 110,271 to 118,952) from 2007 to 2009.

Surpluses

• Universities’ net surpluses (before unusual and non recurring items) decreased from $96.8 million in 2007 to $74.8 million in 2008, and increased to $98 million in 2009 (3.3% of total revenue).

Table One: Universities net surplus (before unusual and non recurring items)

University	2007	2008	2009
Auckland University of Technology	$5.1m	$5.1m	$8.1m
Lincoln University	($1.4m)	($2.0m)	($4.7m)
Massey University	$9.1m	$5.3m	$2.3m
University of Auckland	$22.4m	$24.7m	$28.5m
University of Canterbury	$12.8m	$15.0m	$9.1m
University of Otago	$32.1m	$18.5m	$31.1m
University of Waikato	$0.0m	($1.7m)	$10.7m
Victoria University of Wellington	$16.7m	$9.9m	$12.8m
Total	$96.8m	$74.8m	$98.0m

Source: Surplus before Unusual and Non-recurring items as per financial monitoring templates supplied to TEC. The data is as per TEI financial monitoring templates provided to TEC in May 2010.
Notes: All numbers are in $ million and GST exclusive. The figures for individual TEIs may not sum to the sub-sector totals due to presentation rounding. Percentages were calculated prior to the presentation rounding of any values.

Student enrolments (by EFTS categories)

From 2007 to 2009 the total number of EFTS (including SAC delivered EFTS, international EFTS and others) delivered at universities increased from 127,999 in 2007 to 134,796 in 2009.

Table Two: Total number of EFTS 

University	2007	2008	2009
Auckland University of Technology	16,107	16,461	17,821
Lincoln University	2,690	2,592	2,668
Massey University	18,799	18,106	19,424
University of Auckland	30,232	30,171	31,688
University of Canterbury	14,646	14,777	15,624
University of Otago	18,288	18,330	19,179
University of Waikato	9,708	9,685	10,606
Victoria University of Wellington	17,530	17,030	17,785
Total	127,999	127,151	134,796

Source: SDR return provided by TEI to TEC. Extracted September 2010

• SAC EFTS delivered (funded and non-funded), constituting about 86% of total EFTS, increased 7.9% (from 110,271 to 118,952) from 2007 to 2009.

Table Three: University SAC EFTS delivered (funded and non-funded) and SAC EFTS funded

University	2007		2008		2009
	EFTS delivered	EFTS funded	EFTS delivered	EFTS funded	EFTS delivered	EFTS funded
Auckland University of Technology	12,944	12,944	13,625	13,266	14,832	14,350
Lincoln University	1,814	1,814	1,844	1,899	1,938	1,927
Massey University	16,113	16,113	16,001	16,073	17,378	16,391
University of Auckland	26,903	26,903	27,054	27,237	28,536	28,021
University of Canterbury	12,810	12,810	13,014	13,089	13,871	13,285
University of Otago	16,499	16,499	16,806	16,472	17,479	17,242
University of Waikato	7,704	7,704	7,859	7,953	8,700	8,191
Victoria University of Wellington	15,483	15,483	15,295	15,727	16,219	15,716
Total	110,271	110,271	111,498	111,717	118,952	115,124

Source: SDR return provided by TEI to TEC. Extracted September 2010

• International EFTS, although decreased from 16,117 in 2007 to 14,252 in 2008, increased to 14,455 in 2009. Other EFTS, including ACE funded EFTS and ITO provision, decreased from 1,610 in 2007 to 1,388 in 2009.

Table Four: University International EFTS and other EFTS (e.g. ACE and ITO) 

University	2007		2008		2009
	International EFTS	Other EFTS	International EFTS	Other EFTS	International EFTS	Other EFTS
Auckland University of Technology	2,798	364	2,579	257	2,755	235
Lincoln University	842	34	715	32	697	33
Massey University	2,650	36	2,085	19	2,019	27
University of Auckland	2,919	410	2,722	395	2,776	376
University of Canterbury	1,643	193	1,567	196	1,573	179
University of Otago	1,573	215	1,358	166	1,502	198
University of Waikato	1,752	252	1,613	213	1,668	238
Victoria University of Wellington	1,940	106	1,612	123	1,464	103
Total	16,117	1,610	14,252	1,402	14,455	1,388

Source: SDR return provided by TEI to TEC. Extracted September 2010

Government funding

Universities’ government funding increased 12.6% (from $1,152 million to $1,297 million) from 2007 to 2009. All universities’ achieved increases in government funding of more than 8% between 2007 to 2009.

Table Five: University government funding

University	2007	2008	2009
Auckland University of Technology	$107m	$117m	$132m
Lincoln University	$24m	$26m	$31m
Massey University	$163m	$176m	$176m
University of Auckland	$302m	$320m	$337m
University of Canterbury	$128m	$133m	$140m
University of Otago	$219m	$234m	$248m
University of Waikato	$81m	$87m	$91m
Victoria University of Wellington	$128m	$136m	$142m
Total	$1,152m	$1,229m	$1,297m

Source: Revenue identified as TEI Government Funding as per TEI Financial monitoring returns submitted to TEC.
Notes: All numbers are in $ million and GST exclusive. The figures for individual TEIs may not sum to the sub-sector totals due to presentation rounding. Percentages were calculated prior to the presentation rounding of any values.

Non-government revenue

• From 2007 to 2009 universities’ non-government revenue increased 11.3% (from $1,495 million to $1,663 million). In 2009, next to domestic fees ($524 million), a substantial amount of non-government funding was earned on research income ($476 million) and international student fees ($257 million).

Table Six: Breakdown of University non-government revenue by type of income

Revenue Type	2007	2008	2009
Domestic Fees	$440m	$469m	$524m
International fees	$267m	$247m	$257m
Research income*	$309m	$444m	$476m
Other	$479m	$407m	$407m
Total	$1,495m	$1,566m	$1,663m

Source: As per breakdown provided in TEI financial monitoring templates provided to TEC.
Notes: All numbers are in $ million and GST exclusive. The figures for individual TEIs may not sum to the sub-sector totals due to presentation rounding. Percentages were calculated prior to the presentation rounding of any values.
* Excludes PBRF and any other TEC funding recorded under Government research revenue in TEI financial monitoring returns.

Table Seven: University non-government revenue 

University	2007	2008	2009
Auckland University of Technology	$115m	$120m	$129m
Lincoln University	$59m	$63m	$58m
Massey University	$216m	$222m	$229m
University of Auckland	$439m	$469m	$506m
University of Canterbury	$130m	$139m	$144m
University of Otago	$272m	$286m	$310m
University of Waikato	$103m	$102m	$116m
Victoria University of Wellington	$161m	$165m	$171m
Total	$1,495m	$1,566m	$1,663m

Source: Revenue identifies as non-government revenue in TEI financial monitoring templates provided to TEC.
Notes: All numbers are in $ million and GST exclusive. The figures for individual TEIs may not sum to the sub-sector totals due to presentation rounding. Percentages were calculated prior to the presentation rounding of any values.

Total revenue

• Universities’ total revenue (including government funding and non-government revenue) increased 11.9% from $2,647 million in 2007 to $2,961 million in 2009.

Table Eight: University total revenue 

University	2007	2008	2009
Auckland University of Technology	$222m	$237m	$261m
Lincoln University	$83m	$89m	$89m
Massey University	$379m	$399m	$406m
University of Auckland	$741m	$789m	$843m
University of Canterbury	$258m	$272m	$284m
University of Otago	$491m	$520m	$557m
University of Waikato	$184m	$188m	$207m
Victoria University of Wellington	$289m	$301m	$313m
Total	$2,647m	$2,795m	$2,961m

Source: Revenue identified as Total revenue as per TEI financial monitoring return submitted to TEC.
Notes: All numbers are in $ million and GST exclusive. The figures for individual TEIs may not sum to the sub-sector totals due to presentation rounding. Percentages were calculated prior to the presentation rounding of any values.

Net assets

• Universities net assets increased 8.3% percent between 2007 and 2009 (from $5,297 million to $5.738 million).

Table Nine: University net assets 

University	2007	2008	2009
Auckland University of Technology	$238m	$330m	$338m
Lincoln University	$212m	$209m	$206m
Massey University	$861m	$923m	$925m
University of Auckland	$1,186m	$1,299m	$1,332m
University of Canterbury	$672m	$698m	$709m
University of Otago	$1,256m	$1,280m	$1,311m
University of Waikato	$298m	$296m	$330m
Victoria University of Wellington	$574m	$588m	$587m
Total	$5,297m	$5,623m	$5,738m

Source: As per breakdown provided in TEI financial monitoring templates provided to TEC.
Notes: All numbers are in $ million and GST exclusive. The figures for individual TEIs may not sum to the sub-sector totals due to presentation rounding. Percentages were calculated prior to the presentation rounding of any values.