In 2011–12, CSIRO delivered a surplus from ongoing operations of $13.8 million.

In 2011–12, our overall position was a surplus of $200.5 million due to the recognition of $228.6 million attributable to WLAN licensing agreements offset by other adjustments including the write–down and impairment of assets.

Sources of CSIRO revenue in 2011–12

  • Overseas Entities and International 19%
  • Cooperative Research Centres 7%
  • Rural Industry R&D Corporations 8%
  • Australian Governments 49%
  • Australian Private Sector 17%

Sources of CSIRO revenue in 2011-12

Total revenue of $1,476.0 million included appropriation from government of $724.9 million and $751.0 million in revenue generated from other sources (representing a 50.1 per cent increase over prior year).

Compared with 2010–11, the net value of CSIRO’s non-financial assets increased by $52 million, which was largely due to an increase in assets under construction.

CSIRO’s parent financial performance in 2011–12 is summarised in Table 2.1,  (by source of revenue) and CSIRO’s consolidated financial performance by PBS Program is summarised in Table 2.2.

TABLE 2.1: CSIRO FINANCIAL PERFORMANCE 2011–12, $M1

Table 2.1: CSIRO's financial performance in 2011-12, $m
Financial performance
Revenue source 2007–08 2008–09 2009–10 2010–11 2011–12

Co-investment, consulting and services

Australian private sector

68.2

62.1

61.0

65.0

74.2

Australian Governments

119.5

161.4

189.3

202.7

201.8

Rural Industry R&D corporations

30.2

33.8

33.5

37.7

35.0

Cooperative Research Centres

38.2

43.6

38.8

32.3

30.0

Overseas entities and international

35.3

61.5

71.6

74.5

77.5

Work in progress / deferred revenue

-1.4

-14.5

-13.6

5.9

-7.6

Total co-investment, consulting and services

290.0

347.9

380.4

418.1

410.9

IP – royalty and licence revenues

81.7

229.6

46.7

29.2

278.5

Total research and services revenue

371.7

577.5

427.1

447.3

689.4

Other external revenue

41.3

31.3

28.2

47.9

61.3

Gain / (loss) on sale of assets

4.8

25.6

3.9

4.9

0.4

Other fair value gains and reversals

10.8

0.3

-

0.1

-

Total external revenue

428.6

634.7

459.2

500.2

751.0

Revenue from Government

663.2

668.1

704.9

720.4

724.9

Total revenue

1,091.8

1,302.7

1,164.1

1,220.6

1,476.0

Less expenses

1,044.1

1,180.8

1,333.1

1,231.1

1,275.5

Operating result

47.7

122.0

-169.0

-10.5

200.5

TABLE 2.2: CSIRO – FINANCIAL SUMMARY BY PBS PROGRAM2 , 2011–12, $M

Table 2.2: CSIRO's FINANCIAL SUMMARY BY PBS PROGRAM, 2011-12, $m
  Actual PBS 2011–12 Budget Variance

Government revenue

724.9

724.9

0.0

External revenue

741.7

552.5

-189.2

Other revenue

5.5

0.0

-5.5

Total revenue

1,472.1

1,277.4

-194.7

Program 1 – National Research Flagships

554.9

566.2

11.3

Program 2 – Core Research and Services

575.5

562.4

-13.1

Program 3 – Science Outreach: Education and Scientific Publishing

32.1

36.6

4.5

Program 4 – National Research Infrastructure: Facilities and Collections

100.4

114.8

14.4

Program 5 – Science and Industry Endowment Fund

15.6

18.7

3.1

Total expenses

1,278.6

1,298.7

20.1

  1. Previous year historical segment balances (07–08 to 10–11) may have changed due to updated classification methodology.
  2. Portfolio Budget Statement Programs.

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