Universities

The University of Otago

Chancellor: John Ward
Vice-Chancellor: Professor Harlene Hayne
Main Campus Key Main Campus
Dunedin
Other Campus Key Other Campus Locations
Christchurch, Wellington, Invercargill, Auckland
AQA Academic Audit
Whole institution audit timeline: 2016
Audit Report: March 2012
Funding by TEC
78.4% Teaching and Learning
0.0% Capability
19.5% Research
2.1% Scholarships/Learners
TEC Funding
Delivery by Level
0.0% Level 1–2
0.6% Level 3–4
1.3% Level 5–6
87.3% Level 7–8
10.8% Level 9–10
Delivery By Level
Delivery by Subject
29.1% Society and Culture
25.5% Natural and Physical Sciences
21.0% Health 
11.1% Management and Commerce
4.9% Education
8.4% Other
Delivery By Subject

The University of Otago (Otago) continued to be a strong educational performer in 2013 and remained in a healthy financial position. 

Responsiveness

In the 2013 Annual Report, Chancellor John Ward highlighted a number of Otago’s achievements. These included the ongoing direct economic impact Otago makes to the New Zealand and Dunedin economy and the re-signing of Otago’s Memorandum of Understanding with Ngāi Tahu demonstrating the degree to which it has embedded Ngāi Tahu goals into its research and teaching activities.

Vice-Chancellor Professor Harlene Hayne recognised a number of additional achievements, including continuing to rank in the top one to three percent of the world’s 10,000 universities. She also cites the success of the strategic decision to lift the academic calibre of Otago’s student cohort in 2011 and the increase in Māori students to 9.2 percent of the domestic roll in 2013.

A further highlight was the University council’s approval of Otago’s ‘Strategic Direction to 2020’, which encourages its researchers to use their talents and resources to help solve some of the social, economic and environmental problems facing New Zealand. Particular success was realised by one of Otago’s biomedical spin-out companies, Pacific Edge Limited, whose share value increased markedly during 2013 in the wake of contracts with two major United States health providers.

Otago’s enrolments declined by one percent (164 EFTS). Its provision was primarily focused at Levels 7–8 (87%) and Levels 9–10 (11%), with delivery concentrated in Society and Culture (29%), Natural and Physical Sciences (26%), and Health (21%).

Participation for Māori and Pasifika accounted for 9 percent and 3 percent respectively of Otago's enrolments. Participation for under-25-year-olds (83%) was well above the university sector average (74%). Otago had 1,523 full-fee paying international EFTS (1,856 students).

EffectivenessTop

Otago was the top-performing university in two educational performance indicators (EPIs) (course completions and student retention) and achieved above the sector averages for all four EPIs.

The TES priority groups (Māori, Pasifika and under-25-year-olds) performed above the sector averages, with particular success in course and qualification completions. Pasifika qualification completions increased markedly (from 66% in 2012 to 74% in 2013).

Financial performanceTop

In 2013 Otago had a net surplus, exceeding the 2012 result by $13.8 million (43.3%). This was in part owing to one-off, non-cash gains ($14.2 million) recognised during the 2013 year, including $10.8 million in insurance proceeds relating to the Canterbury earthquakes. The University of Otago Foundation Trust and Hocken Collections Trust are consolidated in the Otago group result. The Otago Trusts contributed $4.8 million in donations to the underlying group result (compared with $2.8 million in 2012).

Total revenue increased by $14.2 million (2.3%) from 2012 to 2013. Excluding the gains outlined above, the overall increase in revenue was a more conservative $0.9 million. Total expenditure increased by a modest $0.3 million as a result of cost savings across almost all expense categories. Total assets increased by $47.3 million to $1.7 billion between 2012 and 2013.

TES Priorities

Participation (SAC)
2013 Performance Otago University
sector 
Students under 25 83% 74%
Māori 9% 10%
Pasifika 3% 7%
Course Completion (SAC)
2013 Performance Otago University
sector 
All  89% 86%
Students under 25 89% 86%
Māori 84% 80%
Pasifika 76% 70%
Qualification Completion (SAC)
2013 Performance Otago University
sector 
All 86% 81%
Students under 25 78% 72%
Māori 73% 71%
Pasifika 74% 59%
Overview of Educational Performance
Enrolments 2013 % of University sector 2011 2012 2013
Student Achievement Component (SAC) EFTS 15% 17,653 17,402 17,238
SAC Students 12% 19,354 19,108 18,907
Educational Performance Indicators - SAC University sector 2011 2012 2013
Successful Course Completion 86% 89% 89% 89%
Qualification Completion 81% 81% 88% 86%
Student Retention 84% 88% 90% 90%
Student Progression L1-4 49% - 92% 92%
Overview of Financial Performance*
Summary Financial Statements ($000) 2011 2012 2013
Revenue      
Total government revenue $265,249 $268,371 $270,916
Domestic student fees $91,035 $94,226 $97,247
International student fees $46,000 $45,377 $44,013
Other income (including research) $190,110 $213,754 $223,773
Total revenue $592,394 $621,728 $635,949
Expenses      
Personnel $344,692 $360,793 $359,759
Total expenses $564,954 $589,658 $590,003
Net surplus (after unusual and non-recurring items) $27,440 $32,070 $45,946
Assets      
Property plant equipment and intangibles $1,312,678 $1,321,602 $1,327,277
Total Assets $1,581,101 $1,613,644 $1,660,994
Equity (net assets) $1,411,376 $1,445,831 $1,491,777
Cashflow      
Net cashflow from operations $91,858 $83,225 $81,702
Purchase of plant property equipment and intangibles $70,511 $67,916 $57,155
Other      
Staffing FTE 3,749 3,755 3,752
Total EFTS to Total Staff FTE ratio 5 : 1 5 : 1 5 : 1
Total EFTS to Teaching Staff FTE ratio (academic & tutorial) 16 : 1 16 : 1 15 : 1