Science & Innovation Sector

Research and Education Advanced Network New Zealand Ltd (REANNZ)

REANNZ’s core business is to operate an effective advanced network  for use by New Zealand researchers and educationalists.  The network is known as KAREN (Kiwi Advanced Research and Education Network).   KAREN consists of a high-speed telecommunications network between national and international research and education institutes.  KAREN is designed to:

·        facilitate universal connectivity throughout the New Zealand and international research and education community,

·        encourage broad participation by the research and education sectors in New Zealand through accessible technology and reasonable pricing,

·        connect the research and education sectors to the broader innovation community for pre-commercial, research and development–based collaboration.

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

2009/12 Statement of Intent (.pdf 384kb)

Key Company Information

Key Company Data - Research and Education Advanced Network New Zealand Ltd (REANNZ)

Company Form	Crown-owned company
Year of Establishment	2005
Head Office	Wellington
Chair (term expiry)	Professor John Raine (June 2012)
Deputy Chair	Jane Taylor (June 2011)
Board Membership	Prof George Benwell (June 2011) Dr Graham Hill (June 2011) Gillian Heald (June 2013) Michael Riley (June 2011)
CEO	Donald Clark
Balance Date	30 June
Number of FTE Staff	12

Staff member information correct as at 1 July 2008.  Board information correct as at 1 September 2009.

Key Financial Data

Research and Education Advanced Network New Zealand Ltd

Key Financial Data ($million)	2004/05	2005/06	2006/07	2007/08	2008/09
Operating Revenue	0.0	20.3	14.8	6.1	14.2
EBITDAF	0.0	18.2	7.2	-5.8	0.3
Net Profit After Tax	0.0	18.5	5.5	-5.7	1.2
Shareholder Equity	0.0	18.5	24.1	18.4	19.6
Assets	0.0	19.3	26.0	21.8	22.8
Dividends	0.0	0.0	0.0	0.0	0.0
Return on Equity	0.0%	N/A	26.0%	-26.9%	6.3%
Return on Assets	0.0%	N/A	21.9%	-26.0%	2.3%
Gearing	0.0%	0.0%	0.0%	0.0%	0.0%

Financial data correct as at 30 June 2009.