Mission - Wellington Institute of Technology

4 YEAR SUMMARY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2005*
2005 2004 2003 2002
Actual Actual Actual Actual
$000 $000 $000 $000
STATEMENT OF FINANCIAL PERFORMANCE
Grant income 19,343 19,031 18,428 16,742
Other income 19,421 20,135 16,241 14,212
Operating revenue 38,764 39,166 34,669 30,954
Operating expenses 39,456 37,079 32,759 30,750
Operating surplus (692) 2,087 1,910 204
Non operating items 581 700 968 1,038
Net surplus (deficit) (1,273) 1,387 942 (834)
STATEMENT OF FINANCIAL POSITION
Current assets 6,952 8,662 6,228 2,429
Non-current assets 40,580 39,411 35,715 36,366
Total assets 47,532 48,073 41,943 38,795
Current liabilities 12,344 11,547 9,774 7,029
Non-current liabilities 3,426 5,760 7,252 9,719
Total liabilities 15,770 17,307 17,026 16,748
Total equity 31,762 30,766 24,917 22,047
Total equity and liabilities 47,532 48,073 41,943 38,795
ENROLMENT INFORMATION
No. of Students 12,350 11,489 10,946 10,086
MOE EFTS 2,747 2,806 2,794 2,596
Total EFTS 4,503 4,313 4,069 3,559
Student / EFTS ratio 2.7:1 2.6:1 2.7:1 2.8:1
EFTS : FTE academic staff 22:1 21:1 20:1 16:1
FINANCIAL INDICATORS
Total assets to total EFTS 10,556 11,146 10,308 10,901
Total income to total EFTS 8,608 9,081 8,520 8,697
Total expenses to total EFTS 8,891 8,759 8,289 8,932
Net surplus to operating revenue (3.3%) 3.5% 2.7% (2.7%)
Net surplus to total assets (2.7%) 2.9% 2.2% (2.1%)
Net surplus to total equity (4.0%) 4.5% 3.8% (3.8%)
Working capital % 56.3% 75.0% 63.7% 34.5%
Debt as a % of total capital 18.4% 23.7% 34.7% 50.4%
Operating surplus plus interest to interest ratio (1.1) 6.8 7.0 19.5
Operating surplus as a % of total debt (11.8%) 27.7% 21.9% ( 1.8%)
* representing the financial years Wellington Institute of Technology has been operating as a consolidated entity
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