Universities

The University of Otago

Chancellor: John Ward
Vice-Chancellor: Professor Harlene Hayne
Main Campus Key Main Campus
Dunedin
Other Campus Key Other Campus Locations
Christchurch, Wellington, Invercargill, Auckland
AQA Academic Audit
Whole institution audit timeline: May 2016
Audit Report: March 2012
Funding by TEC
77.9% Teaching and Learning
0.0% Capability
20.0% Research
2.1% Scholarships/Learners
TEC Funding
Delivery by Level
0.0% Level 1–2
0.8% Level 3–4
1.5% Level 5–6
86.5% Level 7–8
11.2% Level 9–10
Delivery By Level
Delivery by Subject
28.6% Society and Culture
26.2% Natural and Physical Sciences
21.0% Health 
11.5% Management and Commerce
4.6% Education
8.1%Other
Delivery By Subject

The University of Otago (Otago) continued to perform well educationally and financially in 2014.

Responsiveness

In the 2014 annual report, Chancellor John Ward highlighted several of Otago’s achievements. These included its taking leadership roles in two new Centres of Research Excellence (CoREs), where Otago is to host the Dodd-Walls Centre for Photonic and Quantum Technologies and co-host Brain Research New Zealand – Rangahau Roro Aotearoa – together with the University of Auckland. The Chancellor also highlighted the university’s economic impact, supporting around 14,000 full-time equivalent jobs across New Zealand, including 12,500 within the Dunedin economy.

The Vice-Chancellor, Professor Harlene Hayne, recognised several of Otago’s achievements in 2014, which included its continued international recognition, with Otago ranking in the top 3 percent of 10,000 universities worldwide. Professor Hayne also highlighted the recognition of Otago’s researchers and teachers, with He Kainga Oranga/Housing and Health Research Programme receiving the 2014 Prime Minister’s Science Prize, Dr Karl Iremonger from the Department of Physiology being awarded the Prime Minister’s MacDiarmid Emerging Scientist Prize and Dr Karyn Paringatai winning the Prime Minister’s Supreme Award for Tertiary Teaching Excellence.

There was little change to Otago’s enrolments for 2014. Its provision was primarily focused at Levels 7–8 (87%) and Levels 9–10 (11%), with delivery concentrated in Society and Culture (29%), Natural and Physical Sciences (26%), Health (21%) and Management and Commerce (12%).

While participation for Māori and Pasifika remained below the university sector average, with Māori at 9 percent and Pasifika at 4 percent, the number of Māori and Pasifika enrolments increased, compared with 2013. Participation for under-25-year-olds (83%) was well above the university sector average (75%). Otago had 1,437 full-fee paying international EFTS (1,810 students).

EffectivenessTop

Otago continued to perform above the university sector averages for all EPIs. Course and qualification completions decreased slightly, compared with the previous year, while retention remained unchanged and student progression increased.

Performance of TES priority groups (Māori, Pasifika and under-25-year-olds) was above the university sector averages, with student progression increasing for all groups and significantly higher than the sector average. Pasifika qualification completion dropped (from 74% in 2013 to 59% in 2014), in part due to a higher level of Pasifika enrolments in 2014.

Financial performanceTop

In 2014, Otago achieved a net surplus of $33.6 million (5.3%), a decline of $12.4 million (–26.9%) over 2013, driven by an increase in total expenditure of $14.8 million. Otago’s total revenue increased 0.4 percent from 2013 to 2014, primarily due to increased investment income (largely from the university’s trusts) of $7.5 million (36.6%), an increase in government funding of $4.5 million (1.7%) and an increase in domestic student fees of $4.5 million (4.6%). This was partly offset by revenue decline in other areas (the most significant decline being other income, because of the one-off impact in 2013 of earthquake-related insurance recoveries).

Otago’s expenditure increase of $14.8 million (2.5%) was mainly due to an increase in total personnel expenditure of $15.0 million (4.2%).

Total assets increased by $218.8 million (13.2%) to $1.9 billion.

Otago’s investment in subsidiaries is significant. The University of Otago Foundation Trust, University of Otago Foundation Studies, Otago Innovation Limited, New Zealand Genomics Limited and the Hocken Collections Trust are the main subsidiaries consolidated within the Otago group result. In 2014, the Otago Trusts contributed $5.4 million in donations (2013: $4.8 million) to the underlying group result.

TES Priorities

Participation (SAC)
2014 Performance Otago University
sector 
Students under 25 83% 75%
Māori 9% 10%
Pasifika 4% 7%
Course Completion (SAC)
2014 Performance Otago University
sector 
All 88% 86%
Students under 25 88% 86%
Māori 82% 80%
Pasifika 72% 71%
Qualification Completion (SAC)
2014 Performance Otago University
sector 
All 83% 81%
Students under 25 77% 74%
Māori 75% 66%
Pasifika 59% 55%
Overview of Educational Performance
Enrolments 2014 % of University sector 2012 2013 2014
Student Achievement Component (SAC) EFTS 15% 17,402 17,238 17,236
SAC Students 13% 19,108 18,907 18,944
International full fee paying students EFTS 10% 1,601 1,523 1,437
International full fee paying students 9% 1,899 1,856 1,810
Educational Performance Indicators - SAC University sector 2012 2013 2014
Successful Course Completion 86% 89% 89% 88%
Qualification Completion 81% 88% 86% 83%
Student Retention 84% 90% 90% 90%
Student Progression L1-4 50% 92% 92% 96%
Overview of Financial Performance*
Summary Financial Statements (NZ$000) 2012 2013 2014
Revenue      
Total government revenue $268,371 $270,916 $275,456
Domestic student fees $94,226 $97,247 $101,742
International student fees $45,377 $44,013 $43,617
Total revenue $621,728 $635,949 $638,389
Expenses      
Personnel $360,793 $359,759 $374,786
Total expenses $589,658 $590,003 $604,814
Net surplus (after unusual and non-recurring items) $32,070 $45,946 $33,575
Assets      
Total Assets $1,613,644 $1,660,994 $1,879,806
Equity (net assets) $1,445,831 $1,491,777 $1,708,569
Cashflow      
Net cashflow from operations $83,225 $81,702 $79,923
Other      
Staffing FTE 3,755 3,752 3,788
Total EFTS to total staff FTE 5.1:1 5.0:1 5.0:1
Total EFTS to teaching staff (academic and tutorial staff FTE) 12.2:1 11.8:1 11.7:1