Science & Innovation Sector

 

Landcare Research New Zealand Ltd (Landcare Research)

Landcare Research focuses on the sustainable management of resources in New Zealand’s natural, primary-producing, urban and business environments.  The vast majority of the company’s revenues are from central and local government, with approximately 20% from the private sector. Landcare Research’s activities include a 100%-owned subsidiary, Sirtrack Ltd, which supplies innovative radio-telemetry tracking solutions to wildlife researchers around the world.

Website: www.landcareresearch.co.nz (opens in new window)

2008/09 Statement of Corporate Intent. (.pdf,97Kb)

Key Company Data

Company Form	Crown research institute
Year of Establishment	1992
Head Office	Lincoln
Major Campuses	Hamilton, Palmerston North, Lincoln, Auckland
Chair (term expiry)	Jo Brosnahan (June 2009)
Deputy Chair	Anne Urlwin (June 2009)
Board Membership	Graeme Boyd (June 2011)
	Alastair Lawrence (June 2010)
	Dr Robin Pratt (June 2011)
	Willie Te Aho (June 2009)
	Jill White (June 2009)
CEO	Dr Warren Parker
Balance Date	30 June
Number of FTE Staff	402

 

 

Key Financial Data ($ million)	2002/03	2003/04	2004/05	2005/06	2006/07
Financial Performance
Total Revenue	42.7	45.2	47.9	51.6	52.8
FRST + NSOF / Capability Fund	26.5	25.6	27.3	28.0	30.5
EBIT	(0.7)	0.1	0.6	1.3	1.4
Net Profit After Tax	(0.2)	(0.1)	0.0	0.6	0.8
EBIT Margin	1.5%	0.3%	1.2%	2.4%	2.7%
Return on Assets	2.0%	0.4%	1.5%	3.1%	3.4%
Return on Equity	(1.1%)	0.0%	0.0%	2.8%	3.4%
Financial Position
Total Assets	33.1	40.4	39.5	41.5	42.3
Equity	22.3	22.4	22.4	23.0	23.7
Equity Ratio	67.5%	55.5%	56.0%	56.1%	55.8%
Current Ratio	1.9	0.8	0.5	0.7	0.7

Financial data and staff member information correct as at 30 June 2007. All other information correct as at 1 July 2008.

CCMAU commentary on 2006/07 performance

Landcare Research’s financial performance for the year was slightly below expectations, but ahead of its 2005/06 financial result for both revenue and net profit.

CarboNZero experienced dramatic growth during the year, with an additional 300 organisations and individuals signing up.  CarboNZero is Landcare Research’s certification programme for businesses and individuals to demonstrate positive action in measuring, reducing and offsetting greenhouse gas emissions.

Sirtrack Ltd faced a challenging year with several factors impacting on revenue, including the loss of a significant European revenue stream and the impact of a strong New Zealand dollar.  Despite this, a continued increased sales and marketing effort in Australia and New Zealand, combined with new product releases, resulted in an 8% revenue growth in these two markets.