2010 financial performance information - Universities

Universities’ surpluses (before abnormals) increased from $74.8 million in 2008 to $98.0 million in 2009, and increased to $125.8 million in 2010.  From 2008 to 2010 universities’ government funding increased 9.4% (from $1,229 million to $1,345 million), non-government revenue 13.6% (from $1,566 million to $1,780 million), and universities’ net assets 4.7% (from $5,623 million to $5,886 million).

The following information reflects data submitted by TEIs and is presented at a group consolidated level.

Surpluses

• Universities’ net surpluses (before unusual and non recurring items) increased from $74.8 million in 2008 to $125.8 million in 2010 (4.0% of total revenue).

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

University	2008 Audited ($m)	2009 Audited ($m)	2010 Audited ($m)
Auckland University of Technology	5.1	8.1	20.8
Lincoln University	-2.0	-4.7	-3.9
Massey University	5.3	2.3	10.2
University of Auckland	24.7	28.5	27.3
University of Canterbury	15.0	9.1	12.1
University of Otago	18.5	31.1	34.5
University of Waikato	-1.7	10.7	8.9
Victoria University of Wellington	9.9	12.8	15.9
Total University Sector	74.8	98.0	125.8

Source: Surplus before Unusual and Non-recurring items as per annual financial template returns supplied to TEC in May 2011.

Notes: All numbers are 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 11.8% from $2,795 million in 2008 to $3,125 million in 2010.

Table Two: Total Revenue

University	2008 Audited ($m)	2009 Audited ($m)	2010 Audited ($m)
Auckland University of Technology	237.3	260.8	290.1
Lincoln University	88.8	89.3	95.1
Massey University	398.6	405.5	423.2
University of Auckland	788.9	843.1	888.5
University of Canterbury	272.5	284.2	299.8
University of Otago	519.8	557.5	586.4
University of Waikato	188.5	207.1	211.7
Victoria University of Wellington	301.0	313.2	329.8
Total	2,795.3	2,960.7	3,124.6

Source: Revenue identified as Total revenue as per TEI annual financial template returns submitted to TEC in May 2011.

Notes: All numbers are 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.

Government funding

• Universities’ government funding increased 9.4% (from $1,229 million to $1,345 million) from 2008 to 2010.

Table Three: Government Funding

University	2008 Audited ($m)	2009 Audited ($m)	2010 Audited ($m)
Auckland University of Technology	116.9	131.9	138.7
Lincoln University	26.2	31.4	32.5
Massey University	176.2	176.2	180.8
University of Auckland	319.5	337.0	351.1
University of Canterbury	133.4	140.3	142.7
University of Otago	233.8	247.5	259.5
University of Waikato	86.6	90.9	93.6
Victoria University of Wellington	136.4	142.1	145.9
Total University Sector	1,229.0	1,297.3	1,344.8

Source: Revenue identified as TEI Government Funding as per TEI annual financial template returns submitted to TEC in May 2011.

Notes: All numbers are 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 2008 to 2010 universities’ non-government revenue increased 13.6% (from $1,566 million to $1,780 million).

Table Four: Non-government Revenue

University	2008 Audited ($m)	2009 Audited ($m)	2010 Audited ($m)
Auckland University of Technology	120.3	128.9	151.4
Lincoln University	62.6	57.9	62.6
Massey University	222.4	229.4	242.3
University of Auckland	469.4	506.1	537.4
University of Canterbury	139.1	143.9	157.1
University of Otago	286.0	310.0	326.9
University of Waikato	101.9	116.1	118.1
Victoria University of Wellington	164.6	171.1	184.0
Total University Sector	1,566.3	1,663.4	1,779.8

Source: Revenue identifies as non-government revenue in TEI annual financial template returns provided to TEC in May 2011.

Notes: All numbers are 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.

• In 2010, next to domestic fees ($584 million), a substantial amount of non-government funding was earned on research income ($489 million) and international student fees ($278 million).

Table Five: Non-government Revenue by Type

University	2008 Audited ($m)	2009 Audited ($m)	2010 Audited ($m)
Domestic Fees	469.0	523.7	584.4**
International Fees	246.5	256.7	278.0
Research Income*	443.6	476.4	488.6
Other	407.2	406.6	429.0
Total University Sector	1,566.3	1,663.4	1,779.8

Source: As per breakdown provided in TEI annual financial template returns provided to TEC in May 2011.

Notes: All numbers are 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.
** Domestic fees include student “other charges”.

Net assets

• Universities net assets increased 4.7% percent between 2008 and 2010 (from $5,623 million to $5.886 million).

Table Six: Net Assets

University	2008 Audited ($m)	2009 Audited ($m)	2010 Audited ($m)
Auckland University of Technology	330	338	358
Lincoln University	209	206	202
Massey University	923	925	933
University of Auckland	1,299	1,332	1,338
University of Canterbury	698	709	719
University of Otago	1,280	1,311	1,392
University of Waikato	296	330	339
Victoria University of Wellington	588	587	605
Total University Sector	5,623	5,738	5,886

Source: As per breakdown provided in TEI annual financial template returns provided to TEC in May 2011.

Notes: All numbers are 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.