Science & Innovation Sector
Industrial Research Ltd (IRL)
IRL is an innovative business with an emphasis on
commercialising its technology to support the New Zealand industrial and
manufacturing sectors. New science and business ideas are taken through a
structured selection and development process, from commitment of early-stage
funding to the eventual creation of new technologies.
Website: www.irl.cri.nz (opens in new window)
2008/11 Statement of Corporate Intent (.pdf, 177kB)
Key Company Information
Key Company Data - Industrial Research Ltd (IRL)
| Company Form | Crown research institute |
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| Year of Establishment | 1992 |
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| Head Office | Lower Hutt |
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| Major Campuses | Auckland, Lower Hutt, Christchurch |
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| Chair (term expiry) | Keith McConnell (June 2012) |
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| Deputy Chair | David Henry (June 2013) |
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| Board Membership | Catherine Drayton (June 2011)
Jan Evans-Freeman (June 2013)
Maxine Simmons (June 2010)
Dr Ray Thomson (June 2012) |
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| CEO | Shaun Coffey |
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| Balance Date | 30 June |
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| Number of FTE Staff | 307 |
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Key Financial Data
Industrial Research Ltd
| Key Financial Data ($million) | 2004/05 | 2005/06 | 2006/07 | 2007/08 | 2008/09 |
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| Operating Revenue | 60.1 | 64.2 | 53.9 | 57.1 | 60.3 |
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| EBITDAF | -0.7 | 3.3 | 2.4 | 6.2 | 6.2 |
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| Net Profit After Tax | -5.4 | -1.6 | -5.7 | 0.5 | 0.7 |
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| Shareholder Equity | 26.5 | 24.6 | 19.3 | 28.6 | 36.6 |
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| Assets | 62.0 | 50.4 | 40.1 | 38.9 | 45.4 |
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| Dividends | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
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| Return on Equity | -20.2% | -6.4% | -25.8% | 2.3% | 2.2% |
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| Return on Assets | -11.5% | 4.1% | -4.3% | 2.9% | 1.4% |
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| Gearing | 46.0% | 31.2% | 37.8% | 4.6% | 0.0% |
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Financial data correct as at 30 June 2009.
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