Key performance indicators

2013 was the 17th year for JAMK University of Applied Sciences. On average, the Group employed 646 people. In the autumn semester, the total number of students in degree-awarding education, specialisation studies and at the Teacher Education College was 7,941.

The Group’s turnover and other operating income totalled MEUR 60.8, and the student income included in the turnover amounted to MEUR 46.8. The Group has not needed external capital to fund its activities. Project funding for research and development activities totalled MEUR 8.1, an increase of 12.2% from the previous year.

The number of personnel decreased slightly. JAMK employs a total of 646 people in teaching and support services. In the autumn semester, the total number of students in degree-awarding education, specialisation studies and at the Teacher Education College was 7,941, and continuing education was provided to nearly 8,000 participants, including representatives of companies and the public sector as well as private persons.

Personnel 2013 (703)

The Group’s turnover and other operating income totalled €60,831,543.02 (2012: €63,285,272.67).
The student income included in the turnover amounted to €46,764,964.00 (2012: €49,194,290.00).

In April 2012, the Ministry of Education and Culture decided on rationalisation objectives for universities of applied sciences, resulting in 149 study places being cut at JAMK University of Applied Sciences. The cuts in study places and unit prices have initiated rationalisation measures in the past year, and the result for the financial year, MEUR 1.9, shows that the measures have been successful. Nevertheless, strict financial control must be continued in order to get the Group through the coming years with its functional capacity intact.

The Group’s salaries totalled €30,230,329.78 (2012: €31,137,293.86). The salaries decreased by 2.9% from the previous year. The reduction is primarily due to a decrease in the volume of RDI work, and affects fixed-term employees. Overall, the Group has applied a strict recruitment policy, preparing for the expected challenges in the next few years.

The Group’s investments totalled €796,470.51 (2012: €713,872.08), and depreciations for the financial year amounted to €893,056.61.

The Group has not needed external capital to fund its activities.

	CORPORATION			PARENT COMPANY
	2013	2012	2011	2013	2012	2011
Turnover *)	60 831 543	63 285 272	60 713 525	61 450 903	63 351 432	60 774 763
Operating profit	1 543 357	1 983 632	755 649	1 858 998	2 059 834	878 838
Operating profit, % of turnover	2,5	3,1	1,2	3,0	3,2	1,6
Salaries and remuneration	30 230 329	31 137 293	30 969 140	30 230 329	31 137 293	30 969 140
Salaries and remuneration, % of turnover	49,7	49,2	51,0	49,2	49,1	50,9
Number of employees **)	646	686	705	686	686	705
Rents	8 025 705	7 552 615	7 017 221	8 056 757	8 025 388	7 497 243
Rents, % of turnover	13,2	11.9	11.6	13,1	12,7	12,3
Advance rents, long-term	13 092 851	13 831 890	13 570 930	13 092 851	13 831 890	13 570 930
Equity ratio (%)	85,3	84,3	83,9	77,3	73,7	72,3
Return on equity (%)	5,2	7,3	3,4	7,7	9,4	4,8

Volume of R&D operations				8 050 097	7 173 473	6 092 430

*) turnover includes other operating income
**) average number of personnel calculated in person-years due to seasonal fluctuation in the number of part-time teachers

Attraction per primary starting place

	2013	2012	2011
Joint application system for young people	5,62	4,87	4,85
Joint application system for foreign-language studies	8,98	7,42	7,56
Number of degrees	1021	1193	1213

Forecast of future development

JAMK’s economic development in 2014 will be moderate. The 2014 profit budget has prepared for the Ministry of Education and Culture’s cuts in study places and for savings whose impacts will be realised gradually in 2013–2016.

The new act on the financing of universities of applied sciences entered into force at the beginning of 2014. So far, the effects of the new financing act have proven favourable for JAMK, and the situation will continue if our relative position as regards performance among universities of applied sciences remains good. Due to this, rough budget plans have been made up to 2018 such that attention will still be paid to the cost structure but new sources of income will also be strongly sought to maintain competitive competence. Education exports have increasing significance in this.

Research and development activities

The project funding for research and development activities, including investment support, totalled €8,050,097 (2012: €7,173,473). This was an increase of 12.2% from the previous year. In terms of funding, the activities focus on structural and rural fund projects. This causes a risk at the end of the current programme period in 2013 but, at the time of closing the books, the risk seems lower than anticipated. Key reasons for the reduction of the risk are the project portfolio, which has remained fairly good, and the fact that the application system for funding in the new programme period will be opened on 5 May 2014. Thus, it can be anticipated that the delay in funding decisions will not be as long this time as it was during the previous programme period switchovers.

Environmental issues

The environmental legislation and its changes do not require any particular measures as regards the company’s business, but taking account of environmental issues may have significance for the company’s image. Accordingly, the company has initiated measures to gain the Green Office certificate.

Company shares

The parent company has 160 shares of the same type, with a nominal value of €168.19 each.

Board of Directors’ proposal to the Annual General Meeting

The Board of Directors proposes to the Annual General Meeting that the financial statements be approved and that the parent company’s profit for the financial year, €1,878,740.11, be left in the profit account without paying dividends.

JAMK’s annual report 2013

In 2013, JAMK University of Applied Sciences further defined its strategic focus areas: innovative learning, well-being of families and health promotion, renewable competitiveness, cybersecurity and bioeconomy. These and many other themes feature prominently in the 2013 annual report.

Take a look at JAMK’s year 2013 and key performance indicators!