Financial Statements of Helsinki Metropolia University of Applied Sciences Ltd for 2011: Profitable Operations Prepare Us for Future Challenges

30.03.2012

The finances of Helsinki Metropolia University of Applied Sciences Ltd developed positively in 2011. The company’s financial performance topped that of the previous year and was better than budgeted.

• Turnover and other operating income totalled EUR 118.0 million, up by EUR 5.2 million, or 4.7%, on the previous year. Actual turnover was 2.4% higher than budgeted.
• Operating expenses totalled EUR 112.9 million, up 3.5% on the previous year.
• Personnel expenses amounted to EUR 73.1 million, accounting for 64.7% of total expenses. The total number of full-time personnel at the close of the year was 1,194.
• The financial result was good, as the company generated a profit of EUR 5.2 million. Profit for the financial year represented 4.4% of turnover.
• Liquidity was good and in line with our target. The equity ratio of 70.2% was also good.
• Capital expenditures during the year under review totalled EUR 4.3 million, which was EUR 1.2 million less than budgeted. Depreciation was EUR 1.0 million below the estimated amount.

According to Director of Finance and Administration Jorma Uusitalo, Metropolia’s positive financial statements will enable it to develop its functions in accordance with its selected goals during this unstable economic period and to prepare for the savings targets proposed by the Ministry of Education and Culture for the university of applied sciences sector.

Review of 2011


In recent years, Metropolia has made significant investments in the development of the company’s strategic ability. During the financial year, the Finnish Higher Education Evaluation Council approved Metropolia’s quality assurance system in its audit and stated that Metropolia’s strength is in its clear and widely internalised strategic approach.

In 2011, around 2,300 students graduated with degrees from Metropolia. During the year, Metropolia focused particularly on improving the quality of teaching. We launched the first innovation projects included in curricula, in which students, together with workplaces, acquaint themselves with multidisciplinary innovation activities.

An example of currently running projects is the “Well-Being and Energy Efficiency in Housing” multidisciplinary cooperation project. It aims to find social and technical solutions with which the well-being and functioning of the resident can be enhanced and energy efficiency improved at housing for senior citizens, in particular.

At the end of 2011, we finalised our decision to concentrate Metropolia’s operations at four campuses: Arabianranta and Myllypuro in Helsinki, Leppävaara in Espoo and Myyrmäki in Vantaa.

Outlook


The university of applied sciences system is undergoing a major reform. The current Government Programme requires universities of applied sciences to increase the efficiency of their operations so that a savings target of EUR 120 million can be achieved by 2015.

Metropolia is also preparing for the planned savings. Helsinki Metropolia University of Applied Sciences Ltd considers it very important that the savings targets are achieved through structural development instead of across-the-board cuts.

For the future development of Metropolia, it is crucial that we succeed in concentrating our operations at four campuses instead of the current twenty. Metropolia’s operations focus on the quality of teaching, research, development and innovation activities and the enhancement of its staff’s competence and well-being.

Further information

The 2011 Annual Report will only be published online:
www.metropolia.fi/en/annual-report

  • Henri Kuitunen, Chairman of the Board of Directors of Helsinki Metropolia University of Applied Sciences Ltd, tel. +358 400 501 398, henri.kuitunen@elisanet.fi
  • Riitta Konkola, President and Managing Director, tel. +358 50 548 6069, forename.surname@metropolia.fi
  • Jorma Uusitalo, Director of Finance and Administration, tel. +358 40 336 0175, forename.surname@metropolia.fi

Robotbuses in Helsinki this spring

26.04.2018

From this spring onwards, there will be record numbers of robot buses driving on the roads of Helsinki. The first robot bus of the spring will start operating in Suvilahti from Thursday 26 April onwards – weather permitting! The route of the bus, which was developed in the SOHJOA project betwe...

Read More

Testing phase for Metropolia’s new campus profiles begins – let your voice be heard!

10.04.2018

Are the students of Myllypuro’s campus engineers of well-being and does developer campus describe Leppävaara perfectly?
We have now reached the testing phase of Metropolia and Miltton’s co-creation project where special charasteristics of each campus are defined together with stude...

Read More

Students Helped Fulbright Foundation to Organise and Host Cybersecurity Conference

28.03.2018

An eager group of international second year Metropolia Business School students assisted the Fulbright Finland Foundation in organising the seminar Making Democracies Resilient to Modern Threats which took place in the Grand Festive Hall at Metropolia’s Bulevardi campus on 14 March 2018.
The ...

Read More

3UAS-Professional Summer School has started and first it's time for Cambridge Venture Camp!

12.03.2018

The Cambridge Venture Camp got 78 applicants, and 17 students were chosen to participate the camp. The camp is organized by 3UAS – Haaga-Helia, Laurea and Metropolia Universities of Applied Sciences. The program for the camp is organized by Laurea Entrepreneurship Society, LaureaES.Suvi Lehton...

Read More

23.02.2018

Changing the world through encounters – fundraising campaign launched

Metropolia has launched its fundraising campaign. We are inviting our partners to join us in encounters that speed up renewal in society, changing the world around us. Our campaign theme is “Meaningful encounters that change the world”. These meaningful encounters will be created through the ...

Read More

14.02.2018

A fresh future is taking shape

“A fresh future is taking shape, with urban areas around the world becoming not just the dominant form of habitat for humankind, but also the engine-rooms of human development as a whole” (UN Habitat 2012)
As more than 50% of us live in urban areas—a number that will increase up to as ...

Read More

14.02.2018

The last EMECC students celebrated their graduation in Oviedo, Spain

One of Metropolia’s joint degrees, the Erasmus Mundus Master’s Programme in Emergency and Critical Care Nursing (EMECC) has come to an end. The students and faculty members of the consortium celebrated the graduation of the last students at the University of Oviedo on February 9th.
In additi...

Read More


Displaying results ###SPAN_BEGIN###%s to %s out of ###SPAN_BEGIN###%s