Section 1 - Wellington Institute of Technology

5 YEAR SUMMARY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2006*
2006 2005 2004 2003 2002
Actual Actual Actual Actual Actual
$000 $000 $000 $000 $000
STATEMENT OF FINANCIAL PERFORMANCE
Grants 19,801 19,343 19,031 18,428 16,742
Other income 19,861 19,464 20,135 16,241 14,212
Operating revenue 39,662 38,807 39,166 34,669 30,954
Operating expenses 39,358 39,499 37,079 32,759 30,750
Operating surplus (deficit) 304 (692) 2,087 1,910 204
Non operating items 283 581 700 968 1,038
Net surplus (deficit) 21 (1,273) 1,387 942 (834)
STATEMENT OF FINANCIAL POSITION
Current assets 16,553 6,952 8,662 6,228 2,429
Non-current assets 43,337 40,580 39,411 35,715 36,366
Total assets 59,890 47,532 48,073 41,943 38,795
Current liabilities 24,774 12,344 11,547 9,774 7,029
Non-current liabilities - 3,426 5,760 7,252 9,719
Total liabilities 24,774 15,770 17,307 17,026 16,748
Total equity 35,116 31,762 30,766 24,917 22,047
Total equity and liabilities 59,890 47,532 48,073 41,943 38,795
ENROLMENT INFORMATION
No. of Students 11,937 12,350 11,489 10,946 10,086
TEC EFTS 2,623 2,747 2,806 2,794 2,596
Total EFTS 4,261 4,503 4,313 4,069 3,559
Student / EFTS ratio 2.8:1 2.7:1 2.6:1 2.7:1 2.8:1
EFTS : FTE academic staff 21:1 22:1 21:1 20:1 16:1
FINANCIAL INDICATORS
Total assets to total EFTS 14,057 10,556 11,146 10,308 10,901
Total income to total EFTS 9,309 8,609 9,081 8,520 8,697
Total expenses to total EFTS 9,238 8,891 8,759 8,289 8,932
Net surplus to operating revenue 0% (3%) 4% 3% (3%)
Net surplus to total assets 0% (3%) 3% 2% (2%)
Net surplus to total equity 0% (4%) 5% 4% (4%)
Working capital % 67% 56% 75% 64% 35%
Debt as a % of total capital 36% 18% 24% 35% 50%
Operating surplus plus interest to interest ratio 1 (1) 7 7 20
Operating surplus as a % of total debt 2% (12%) 28% 22% ( 2%)
* representing the financial years Wellington Institute of Technology has been operating as a consolidated entity
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