Science & Innovation Sector

New Zealand Forest Research Institute Ltd (Scion)

Scion has embraced a plant-based biomaterials strategy and defines its research capabilities as spanning three core themes; sustainable design, new forests and forestry science, and bioproduct development. 

Website: www.scionresearch.com (opens in new window)

2009/12 Statement of Corporate Intent (.pdf 145kb)

Key Company Information

Key Company Data - New Zealand Forest Research Institute Ltd (Scion)

Company Form	Crown research institute
Year of Establishment	1992
Head Office	Rotorua
Major Campuses	Rotorua, Christchurch
Chair (Term Expiry)	Tony Nowell (June 2013)
Deputy Chair	Alison Andrew (June 2012)
Board Membership	Peter Berg (June 2012) Sheldon Drummond (June 2011) Chris Insley (June 2011) Michael Ludbrook (June 2011) Judith Stanway (June 2013)
CEO	Dr Tom Richardson
Balance Date	30 June
Number of FTE Staff	317

Key Financial Data

New Zealand Forest Research Institute Ltd (Scion)

Key Financial Data ($million)	2004/05	2005/06	2006/07	2007/08	2008/09
Operating Revenue1	34.9	21.3	21.5	41.5	43.7
EBITDAF	3.1	1.0	1.8	3.1	5.5
Net Profit After Tax	0.6	-1.6	-0.5	1.1	2.3
Shareholder Equity	24.8	23.1	22.6	23.6	26.2
Assets	37.0	32.1	31.1	32.4	37.4
Dividends	0.0	0.0	0.0	0.0	1.5
Return on Equity	2.5%	-6.9%	-2.1%	4.8%	9.2%
Return on Assets	3.1%	-3.3%	-1.4%	3.1%	8.9%
Gearing	8.4%	12.9%	4.5%	0.0%	0.0%

¹ The reduced revenue in 2005/06 and 2006/07 was a result of the creation of Ensis, a joint venture with Australia's CSIRO Forestry and Forest Products. Revenue earned through Ensis was not included in the revenue line. Ensis was unwound in 2007/08. The increase in revenue in 2007/08 is due to a change in the accounting treatment of business transacted through Ensis.

Financial data correct as at 30 June 2009.