Universities

Victoria University of Wellington

Chancellor: Ian McKinnon
Vice-Chancellor: Prof. Pat Walsh
Main Campus Key Main Campus
Wellington
NZUAAU Academic Audit
Whole institution audit timeline: July–August 2009
Audit Report : November 2009
Funding by TEC
81.1% Teaching and Learning
0.1% Capability
18.6% Research
0.2% Scholarships/Learners
TEC Funding
Delivery by Level
Level 1–2
0.9% Level 3–4
1.3% Level 5–6
87.0% Level 7–8
10.8% Level 9–10
Delivery By Level
Delivery by Subject
47.3% Society and Culture
13.1% Management and Commerce
10.3% Natural and Physical Sciences
8.7% Architecture and Building
7.7% Education
13.0% Other
Delivery By Subject

Victoria University of Wellington’s educational performance improved overall in 2011, with results comparable to the university sector average. Victoria also met TEC financial guidelines over the same period.

Responsiveness

In 2011 Victoria enhanced its relationships with local organisations by signing memorandums of understanding with Te Papa Tongarewa and ZEALANDIA. It made new international linkages by signing exchange agreements with several overseas universities, notably in China and Europe. Victoria worked with Weta, Google and other companies to enhance learning opportunities for its students. Its students and staff also worked with New Zealand businesses, government agencies and other institutions to design and build a solar-powered home to showcase New Zealand innovation. The First Light House won third place in the 2011 US Department of Energy’s Solar Decathlon.

Victoria hosts the MacDiarmid Institute for Advanced Materials and Nanotechnology Centre of Research Excellence (CoRE) and has partnerships with three other CoREs: the Allan Wilson Centre for Molecular Ecology and Evolution, the Maurice Wilkins Centre for Molecular Biodiscovery, and Ngā Pae o te Māramatanga, New Zealand’s Indigenous Centre of Research Excellence.

In 2011, 87 percent of Victoria’s enrolments were at Levels 7–8. Enrolments at postgraduate Levels 9–10 made up 11 percent of total provision, an increase of two percentage points from 2010. Victoria had 677 EFTS enrolled in doctorates in 2011 (261 EFTS higher than in 2010), and the number of Master’s EFTS rose from 975 to 1,001. Nearly half of Victoria’s provision was in Society and Culture (47%). Other significant fields of study were Management and Commerce (13%), Natural and Physical Sciences (10%), Architecture and Building (9%) and Education (8%).

In 2011 Victoria’s participation rate for Māori was comparable to the university sector average but Pasifika participation was slightly less (5% compared to the 6% average for universities). Victoria’s under-25-year-old students accounted for 77 percent of total enrolments, above the university sector average (72%).

Effectiveness

In 2011 Victoria achieved above the university sector average for all educational performance indicators (EPIs) except course completions (85% versus 86%), and improved its performance across all EPIs compared to 2010. The performance of Victoria’s Māori, Pasifika and under-25-year-old students improved overall, but for the most part was below the university sector average.

Victoria received nine percent of the 2011 total allocation for the Performance-Based Research Fund (PBRF), the same share as in 2010, but with a monetary decrease of one percent. Victoria’s PBRF-eligible external research income in 2011 was $34.5 million, an increase of eight percent on 2010. In 2011 Victoria had 1,643 full fee-paying international EFTS (2,203 students).

Capability

In 2011 Victoria reported a net surplus of 4.3 percent ($14.5 million), down on the 5.6 percent surplus achieved in 2010. The university's total revenue increased by 1.3 percent ($4.4 million) from 2010 to 2011, including a $7.9 million (5.4%) increase in total government revenue. However, the higher revenue was more than offset by increased personnel costs, which were the principal reason for the lower surplus in 2011.

In 2011 Victoria applied for the transfer into its own title of all the Crown-titled land and buildings that it manages, comprising about 31 percent by value of the university’s land and building assets. The application was approved by the Ministers of Tertiary Education, Skills and Employment and the Minister of Finance.

The majority of Victoria’s planned capital expenditure between 2012 and 2021 will focus on renewing and enhancing technology and building infrastructure, alongside a plan for new equipment and facilities.

TES Priorities

Participation
2011 Performance Victoria University
sector 
Students under 25 77% 72%
Māori 10% 10%
Pasifika 5% 6%
Course Completion
2011 Performance  Victoria University
sector 
All  85% 86%
Students under 25 85% 86%
Māori 78% 80%
Pasifika 68% 71%
Qualification Completion
2011 Performance  Victoria University
sector 
All 77% 75%
Students under 25 66% 68%
Māori 65% 62%
Pasifika 49% 54%
Overview of Educational Performance – Formal SAC Funded EFTS only
Enrolments 2009 2010 2011 % of University sector
EFTS 16,219 15,827 15,578 13%
Students 20,995 20,802 20,404 13%
Educational Performance Indicators 2009 2010 2011 University sector
Successful Course Completion 84% 83% 85% 86%
Qualification Completion 63% 70% 77% 75%
Student Retention 81% 79% 81% 79%
Student Progression L1-4 81% 86% 88% 40%
Overview of Financial Performance*
Key Performance Metrics 2009 2010 2011 TEC Minimum Guidelines
Net surplus (after unusual and non-recurring items) 4.1% 5.6% 4.3% 3.0%
Net cashflow from operations 116.7% 117.2% 119.6% 111.0%
Liquid funds 10.7% 9.7% 9.5% 8.0%
3-yr average return on property, plant equipment and intangibles 6.3% 6.5% 7.0% 4.5%
Summary Financial Statements ($000) 2009 2010 2011 % of 2011 category
Revenue        
Total government revenue $142,123 $145,862 $153,718 46%
Domestic student fees $66,078 $70,953 $69,083 21%
International student fees $24,145 $27,048 $30,008 9%
Other income (including research) $80,893 $88,559 $84,062 25%
Total revenue $313,239 $332,422 $336,871 100%
Expenses        
Personnel $171,644 $178,680 $185,878 58%
Total expenses $300,435 $313,893 $322,357 100%
Net surplus (after unusual and non-recurring items) $12,804 $18,529 $14,514  
Assets        
Property, plant equipment and intangibles $636,003 $657,557 $680,153 91%
Total Assets $698,853 $723,098 $746,579 100%
Equity (net assets) $587,458 $604,736 $618,957  
Cashflow        
Net cashflow from operations $45,337 $48,941 $55,038  
Purchase of plant property equipment and intangibles $60,091 $54,761 $56,497  
Other        
Staffing FTE 1,967 1,956 1,974  
Total EFTS to Total staff ratio 9:1 9:1 8:1  
Total EFTS to Teaching Staff ratio (academic & tutorial) 18:1 19:1 19:1