Total surplus/deficit
These graphs show the total consolidated surplus or deficit in dollar thousands. The amounts appear in the statement of financial performance (or equivalent) in the annual reports. Each amount is calculated as operating revenue minus operating expense. Total surplus/deficit indicates an organisation's overall financial result, showing whether there’s a surplus (positive) or a deficit (negative).
In the period 1 January 2016 to 31 March 2020, before Te Pūkenga was established, the 16 institutes of technology and polytechnics (ITPs) operated independently.
At the end of 2019, 11 ITPs had reported a deficit, compared to 4 in 2016.
The ITP data as at 31 March 2020 has been excluded from the graphs but is available in the data file.
Te Pūkenga began operating on 1 April 2020 and the 16 ITPs became its Crown entity subsidiary companies:
- By the end of 2020, Te Pūkenga and its Crown entity subsidiary companies reported a combined deficit of $473.6 million.
- By the end of 2022, Te Pūkenga and its Crown entity subsidiary companies reported a combined deficit of $80.4 million. The subsidiary Te Pūkenga Work Based Learning Limited contributed a surplus of $54 million.
Page updated: 25 July 2024