Coverage
The statistics contained in this release have been derived from the Central Government Enterprise Survey and therefore may differ from financial statements presented in respective annual reports. All nine Crown Research Institutes (CRIs) are surveyed every quarter. Financial information is collected relating to their income and expenditure as well as data relating to their assets and liabilities. The survey has captured the economic activity of the Crown research institutes since their establishment on 1 July 1992.
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.
Accounting standards
From the year ended June 2008, CRI statistics have been prepared using the New Zealand equivalents to International Financial Reporting Standards. Care should therefore be taken when comparing results from the year ended June 2008 onwards with earlier years. Statistics before the year ended June 2008 were prepared using the previous Generally Accepted Accounting Practice.
Definitions
All revenue and expenditure is stated exclusive of goods and services tax.
Government revenue
Includes revenue received from the Ministry of Research, Science and Technology and the Foundation for Research, Science and Technology.
Other income
Includes income from dividends, insurance claims, donations, royalties and patent fees, and bad debts recovered.
Employee costs
Includes gross earnings of all paid employees, severance and redundancy payments, levies paid to the Accident Compensation Corporation, fringe benefit tax and employer contributions to superannuation, pension and welfare schemes.
All other expenses
Includes bad debts, donations, royalties and patent fees, business insurance premiums, fringe benefit tax, local authority rates, other local or central government fees and levies, provisions and all other operating costs.
Current assets
Includes cash and bank, prepayments, inventory, debtors and receivables.
Investments
Includes investments in financial assets such as listed shares, securities other than shares such as bonds and debentures, notes issued and preferred stocks, as well as financial derivatives.
Fixed assets
Assets that are used repeatedly or continuously in production processes for more than one year, including land, buildings, other construction, motor vehicles and plant and machinery.
Other assets
Includes intangible and deferred assets.
Current liabilities
Includes creditors and payables and other short-term liabilities.
More information
For more information, follow the link from the technical notes of this release on the Statistics New Zealand website.
Copyright
Information obtained from Statistics NZ may be freely used, reproduced, or quoted unless otherwise specified. In all cases Statistics NZ must be acknowledged as the source.
Liability
While care has been used in processing, analysing and extracting information, Statistics NZ gives no warranty that the information supplied is free from error. Statistics NZ shall not be liable for any loss suffered through the use, directly or indirectly, of any information, product or service.
Timing
Timed statistical releases are delivered using postal and electronic services provided by third parties. Delivery of these releases may be delayed by circumstances outside the control of Statistics NZ. Statistics NZ accepts no responsibility for any such delays.
Revisions
Revisions have been made in this release to previously published statistics as a result of new or improved data.
Next release ...
Crown Research Institute Statistics: Year ended 30 June 2009 will be released in December 2009.