The finances of Helsinki Metropolia University of Applied Sciences Ltd are in good shape. The financial result for 2012 topped that of the previous year and was better than budgeted.
Operating profit amounted to EUR 4.4 million. The profit for the financial year represented 3.6 per cent of turnover. Turnover and other operating income totalled EUR 122.3 million, up by EUR 4.3 million, or 3.6 %, on the previous year. Actual turnover was 1.7 % higher than budgeted.
Operating expenses totalled EUR 118.1 million, up 4.6 % on the previous year. Personnel expenses amounted to EUR 77.9 million, accounting for 64 per cent of turnover. The total number of full-time personnel at the close of the year was 1,253.
Liquidity was good and in line with our target. Our equity ratio of 71.1 % was also good.
Capital expenditures during the year under review totalled EUR 4.9 million, in line with what was budgeted. Depreciation was EUR 0.7 million below the estimated amount.
According to Managing Director Riitta Konkola, Metropolia’s future challenge will be the significant reduction of government funding for universities of applied sciences and the savings obligations that will result from this. A strong financial statement strengthens Metropolia’s preparation for achieving the objectives that will come with the new funding model for universities of applied sciences.
Review of 2012
During the year under review, almost 16,700 students were enrolled at Metropolia, of whom about 8 per cent were citizens of a country other than Finland. More students graduated with a UAS degree than ever before, as a total of 2,296 Bachelor’s degrees and 214 Master’s degrees were completed during the year. Metropolia’s pass rate, which measures how smoothly studies progress, was almost 39 per cent, a slight improvement over the previous year.
Metropolia appealed to applicants and its attractiveness continued to improve over previous years. In the joint application in spring 2012 Metropolia had the highest number of applicants, and in terms of attractiveness, Metropolia was the second most popular university of applied sciences in Finland.
During 2012, Metropolia invested heavily in the development of teaching by holding the Best Teaching in Finland theme year and the first Metropolia Academy for lecturers, which supports and develops community-based learning. According to our annual survey, more than 76 per cent of our students were satisfied with the level of teaching, which is almost three per cent higher than in 2011.
Metropolia developed its network and community relations by entering a strategic partnership with the City of Helsinki and strengthening its international strategic partnership with Hochschule für Technik und Wirtschaft Berlin (HTW Berlin).
Explore more about Metropolia´s year 2012 on website of Annual Report.
For more information
President Riitta Konkola p. +358 50 548 6069
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