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2001 Annual Report

2001 Annual Report

Highlights

  • Net after-tax profit $1.58 million, an increase of 13.4 percent on our 2000 result.
  • Total revenue $31.6 million, an increase of 8 percent on 2000
  • Commercial revenue $9.9 million, up 27 percent on 2000
  • Total expenses $29.3 million, up 8.5 percent on 2000
  • Total assets rose to $25 million from $18.7 million
  • Shareholders' equity rose to $12.9 million from $11.3 million
  • Return on equity was 13 percent against 13.1 percent in 2000
  • Invested $3 million in improving existing scientific equipment and in buying new equipment and software
  • Total staff - 256, comprising 190 researchers, 30 research support, and 36 administration and management
  • Revenue per FTE $123,400 against $113,280 in 2000.

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Science Highlights

  • Started a ten-year partnership with the Earthquake Commission for the gradual upgrading of the core elements of New Zealand's geological hazard monitoring networks. Called GeoNet, the upgraded networks will help significantly in making New Zealand better prepared for and more resilient to the impacts of geological hazards.
  • Joined forces with TGS-Nopec Geophysical Company for a seismic survey of 59,300sqkm of the Tasman Sea to open up a new deepwater hydrocarbon-bearing basin for the benefit of New Zealand
  • Started a three-year, $2.3 million upgrade of our isotope facilities that will see GNS expand the range of world-class services in isotope sciences that we offer to the research community and our commercial clients
  • Successfully used ion beam analysis techniques to "fingerprint" types and sources of air pollution in the Wellington region. This will help territorial authorities understand influences on air quality.
  • Became the only facility in the world to successfully measure natural levels of silicon-32 in glacial ice and ocean sediments over the past 1000 years, giving environmental and climate change scientists a valuable new analytical tool
  • Developed dual energy X-ray scanning instruments to remotely measure composition and contaminants in commodity products such as wool to help optimise processing and handling operations
  • Developed improved models for petroleum generation and migration in New Zealand's sedimentary basins
  • Completed 60 percent of the update of the digital geological map of New Zealand at 1: 250,000 scale. This large and detailed digital database feeds into a huge range of fundamental and applied science in New Zealand including oil and gas exploration and hazard assessment.
  • Improved our understanding of the North Island's geothermal systems leading to more efficient and more sustainable use of geothermal energy resources
  • Discovered rare metal deposits on the seafloor associated with offshore hydrothermal systems within New Zealand's Exclusive Economic Zone
  • Completed a mineral resource assessment of the Coromandel region and have preliminary results of an assessment of the South Island's West Coast
  • Gained an improved understanding of the ways in which extreme global warming 55 million years ago resulted in "super greenhouse climates" and influenced New Zealand's terrestrial and marine environments.
  • Developed new seismic hazard maps that will help improve engineering design and community preparedness, helping to make New Zealand more resilient to the impacts of earthquakes
  • Demonstrated that cyclic, climatic modulation of ice volume in Antarctica has driven global sea level changes, oceanic processes and changes to New Zealand's climate and flora over the past 25 million years
  • Completed the first direct measurement of the rates and direction of motion of the Pacific and Australian tectonic plates
  • Completed a major international geophysical field experiment to investigate the North Island's subduction plate boundary. It will give unprecedented images and insights of plate boundary interactions beneath the North Island.
  • Further developed 3D modelling of groundwater flows, and isotope and chemical analysis to enable improved management of New Zealand's groundwater resources
  • Helped utility companies throughout New Zealand assess the risk of damage to their facilities from earthquakes resulting in a more assured flow of water, electricity and gas to customers.
  • Helped Nelson company Seabed Mapping Limited produce what some in the fishing industry are calling the world's best 3D charts and animated visuals of the seafloor