Crown Research Institute Statistics: Year ended 30 June 2008

Highlights

Crown Research Institutes (CRIs) reported a collective operating surplus of $27.1 million in the year ended June 2008.
Total operating income increased by $48.4 million to $649.1 million.
Total operating expenses increased by $44.0 million to $622.0 million.
Total assets were valued at $672.1 million at 30 June 2008 (up from $518.8 million at 30 June 2007).
The adoption of the New Zealand equivalents to International Financial Reporting Standards in the year ended June 2008 has impacted on these latest statistics.

Dallas Welch (Mrs)	1 December 2008
Acting Government Statistician	ISSN 1178-0460