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Landcare Research New Zealand Ltd
Landcare Research New Zealand Ltd (Landcare Research) is a Crown Research Institute (CRI) with a core purpose of undertaking research and development to protect and enhance New Zealand land environments and enable their sustainable use in economic development. To achieve this, Landcare Research’s science teams focus on three key outcomes - protection and restoration of biodiversity, healthy land environments, and sustainable business and urban development.
Landcare Research owns subsidiary companies, including carboNZero Holdings Limited which offers a certification programme for greenhouse gas measurement and reduction.
|11 Jan 2012||Annual Report 2010/11 (Landcare Research New Zealand Ltd website)|
|20 Nov 2010||Annual Report 2009/10 (Landcare Research New Zealand Ltd website)|
|20 Nov 2010||Half Yearly Report 2009: lrnz-hy-09.pdf (460 KB)|
|20 Nov 2010||Statement of Corporate Intent 2010: lrnz-sci-10.pdf (308 KB)|
Key Financial Performance Indicators - Landcare Research New Zealand Ltd
For the Year Ended 30 June 2011
2010/11 SCI Target 
Actual 2010 
|Net Revenue ($m)||57.57||56.69||54.82|
|EBIT Margin (%)||4.7||4.6||3.6|
|Total Assets ($m)||49.24||50.91||50.31|
|Return on Equity (%) ||7.0||8.4||6.4|
|Equity Ratio (%) ||61||53||58|
|Gearing (%) ||0||0||0|
|Interest Cover (%)||10.2||13.2||11.1|
- Return on equity and equity ratio exclude the impact of 0% building depreciation announced in the government's 2010 Budget, $3.7m for 2010. The return on equity and the equity ratio adjusted for the depreciation impact are -6.9% and 51% respectively.
- 2010 gearing is calculated based on net debt and return on equity excludes extraordinary restructuring costs.
|Operating Margin (%)||8.4||9.5||9.2||10.4||10.5||11.4|
|Operating Margin per FTE ($)||10,838||12,050||11,790||14,803||15,465||17,441|
|Interest Coverage (x)||13.7||13.1||12.2||18.4||32.9||32.6|
|Operating Margin Volatility (%)||-||27.9||19.1||15.8||13.7||16.3|
|Forecasting Risk  (%)||-||-||-||-||-||(2.3)|
|Adjusted Return on Equity  (%)||2.8||3.4||2.5||5.2||(7.7)||(9.7)|
|Revenue Growth (%)||7.7||2.1||6.4||7.4||2.3||3.0|
|Capital Renewal (x)||1.0||1.1||1.3||1.2||1.2||1.1|
Financial Performance measures for CRIs: fpm-cri.pdf (44 KB)
- 2009/10 figure has been adversely affected by the one-off depreciation tax adjustment.