In 2013 Otago Polytechnic continued to be a strong educational performer and was above the ITP sector average on all indicators. Financially, Otago remained in a sound position.
A joint report from the Council Chair, Kathy Grant and Chief Executive, Phil Ker recognised a number of Otago Polytechnic’s achievements for 2013. These included: exceeding international enrolment targets at the new Auckland International Campus and achieving high overall enrolments (against the sector trend); excelling in the Australasian AUSSE survey for student engagement; maintaining Performance-Based Research Fund (PBRF) research standings at second in the ITP sector for research earnings and third for research quality; and additional investment in knowledge transfer business, which supports research and development in industry and practical problem-solving through Centres of Research Excellence.
Further highlights included growing the ‘open learning’ business, including assessment of prior learning and new professional practice qualifications and the official launch in Vancouver of the Otago Polytechnic led Open Educational Resources (OERu) initiative. This initiative involves over 20 international partners and aims to bring online credentialled learning to the world free of tuition fees. A flourishing Kai Tahu relationship resulted in an updated Memorandum of Understanding re-signed with the four local runaka and progress in institutional responsiveness to Māori.
Otago Polytechnic’s enrolments increased by one percent (47 EFTS) compared with 2012. The majority of the increase was at Levels 5–6 (18% of total delivery compared with 16% in 2012). The largest share of Otago Polytechnic’s enrolments remained at Levels 7–8 (50%), Levels 3–4 (27%) and Levels 5–6 (18%). The main fields of study were Health (33%), Creative Arts (14%), Management and Commerce (10%), and Society and Culture (10%).
Participation remained well above the ITP sector average for under-25-year-olds at 63%, Pasifika participation was in line with the regional demographic and Māori participation was well above. Otago Polytechnic had 74 Youth Guarantee EFTS (98 students) and 360 full-fee paying international EFTS (564 students).
Otago Polytechnic again performed strongly against the educational performance indicators (EPIs) where it was above the ITP sector average across all measures, performing particularly strongly against sector averages for completions and progression. Improvements on 2012 results were achieved across three of the four EPIs, with all but course completions increasing.
Performance for the TES priority groups (Māori, Pasifika and under-25-year-olds) was above the ITP sector averages on all measures, with the exception of Pasifika course completions. In almost all cases performance also improved compared with the previous year.
In 2013 Otago Polytechnic had a net surplus of $2.1 million, which was lower than the 2012 result by $1.6 million (44.3%) owing to a deliberate increase in spending to raise capability. Total revenue has increased by $3.2 million (5.3%) from 2012 to 2013, mainly as a result of an increase in total student tuition fees. Total expenditure increased by $4.8 million (8.5%) mainly as a result of increased personnel expenditure ($1.9 million) and occupancy and operating expenditure ($2.2 million).
Total assets increased marginally by $3 million between 2012 and 2013. In 2008 Otago Polytechnic received a $5.985 million suspensory loan from the Crown. This loan is repayable if Otago Polytechnic fails to meet the specified equity conversion conditions. Between 2010 and 2013, $3.8 million had been converted to equity in separate tranches.
Susie Johnstone was reappointed by the Minister for Tertiary Education, Skills and Employment as Deputy Chair.
|2013 Performance||Otago |
|Students under 25||63%||52%|
|Course Completion (SAC)|
|2013 Performance||Otago |
|Students under 25||81%||78%|
|Qualification Completion (SAC)|
|2013 Performance||Otago |
|Students under 25||71%||66%|
|Overview of Educational Performance|
|Enrolments||2013 % of ITP sector||2011||2012||2013|
|Student Achievement Component (SAC) EFTS||5%||3,314||3,445||3,492|
|Youth Guarantee (YG) EFTS||4%||-||-||74|
|Educational Performance Indicators - SAC||ITP sector||2011||2012||2013|
|Successful Course Completion||80%||83%||83%||82%|
|Student Progression L1-4||36%||37%||41%||47%|
|Educational Performance Indicators - YG||ITP sector||2013|
|Successful Course Completion||70%||70%|
|Overview of Financial Performance*|
|Summary Financial Statements ($000)||2011||2012||2013|
|Total government revenue||$31,465||$33,425||$33,995|
|Domestic student fees||$15,106||$16,134||$16,039|
|International student fees||$2,467||$3,422||$5,526|
|Other income (including research)||$6,900||$7,441||$8,075|
|Net surplus (after unusual and non-recurring items)||$3,342||$3,704||$2,064|
|Property plant equipment and intangibles||$81,248||$83,288||$86,679|
|Equity (net assets)||$84,063||$87,767||$89,831|
|Net cashflow from operations||$8,131||$9,000||$7,857|
|Purchase of plant property equipment and intangibles||$6,630||$7,103||$6,867|
|Total EFTS to Total Staff FTE ratio||8 : 1||8 : 1||8 : 1|
|Total EFTS to Teaching Staff FTE ratio (academic & tutorial)||19 : 1||19 : 1||19 : 1|