2002 Annual Report

Highlights

Net after-tax profit $1.67 million (2001, $1.58 million)
Total revenue $38.3 million (2001, $31.6 million)
Commercial revenue $9.7 million (2001, $9.1 million)
Total expenses $35.8 million (2001, $29.3 million)
Total assets $24.5 million (2001, $25.0 million)
Shareholders' equity $13.6 million (2001, $12.9 million)
Return on equity 12.6 percent (2001, 13 percent)
Capital investment $3.3 million (2001, $3.2 million)
Total staff - 258, comprising 193 researchers, 33 research support, and 32 general support and management
Revenue per FTE $147,900 (2001, $123,000)

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