Total equity
These graphs show the total consolidated equity in dollar thousands. The amounts appear in the statement of financial position (or equivalent) in the annual reports. Each amount is calculated as assets minus liabilities. Total equity represents the net value of assets after liabilities are deducted. It reflects the ownership value or net worth of an organisation.
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.
The combined equity of the ITPs was relatively constant between 2016 and 2019.
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:
- At the end of 2020, Te Pūkenga and its Crown entity subsidiary companies reported a combined equity of $2.3 billion.
- At the end of 2022, Te Pūkenga and its Crown entity subsidiary companies reported a combined equity of $2.6 billion.
Page updated: 25 July 2024