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

Changing the world through encounters – fundraising campaign launched

23.02.2018

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...

Read More

A fresh future is taking shape

14.02.2018

“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 t...

Read More

The last EMECC students celebrated their graduation in Oviedo, Spain

14.02.2018

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 a...

Read More

Circular Economy for Sustainable Growth

30.01.2018

Haaga-Helia, Laurea and Metropolia Universities of Applied Sciences (3UAS) in cooperation with the Finnish Innovation Fund Sitra are launching new study path which will focus on Circular Economy. Sitra has been selected as the winner in the Circular Awards to be a pioneer at the transition to a circ...

Read More

25.01.2018

The joint application for the degree programmes in English ended - thank you to all our applicants

This spring’s first joint application period for Bachelor's and Master’s Degree studies conducted in English ended on Wednesday 24.1. at 15.00 o’clock. According to provisional results, Metropolia again attracted a large number of applicants. In total, over 3500 applications were submit...

Read More

25.01.2018

Student and Teacher teamed up for transport benchmarking survey

Transport markets are opening up for free competition in Finland. New transport policy aims at creating fair competition in passenger and freight transport. Mobility as a Service (MaaS) is being introduced. Hence, there is need to gain more information about the reporting mechanisms and indicators used i...

Read More

19.01.2018

Tell us what makes a campus stand out!

Tell us what you think about Leppävaara, Myllypuro and Myyrmäki areas! What are their characteristics and what makes them special? What possibilities for cooperative projects and activities could take place in the campuses in the future?
Metropolia is concentrating its operations to four campu...

Read More


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