Key performance indicator

Degree programmes in JAMK University of Applied Sciences produced 1,121 bachelor’s degrees in 2016 (1,108 in 2015), as well as 179 master’s degrees (198 in 2015). The number of ECTS credits completed in the Open Studies was 11,456 (11,766 in 2015).

The number of students at the Teacher Education College during the financial year was 771, and vocational teaching qualifications were achieved by 422 people.

The volume of research, development and innovation activities (RDI) turned towards a clear decline after two challenging years. The volume increased significantly from the previous year to €7.6 million (€6.9 million in 2015). The amount of external funding nearly doubled, standing at €4.7 million (€2.5 million in 2015). A wide range of RDI projects were prepared through a variety of financing programmes. The granted funds enabled the commencement of new RDI projects. However, the majority of the funding decisions came later than anticipated, which contributed to slowing down the implementation of RDI activities and preventing the planned goals from being reached. At the turn of the year, the financiers were still processing numerous project applications.

The most significant efforts went into the preparations of the eAMK – Oppimisen uusi ekosysteemi (eAMK – New ecosystem for learning) project, which is a joint initiative of all universities of applied sciences, with JAMK in charge of the preparation. The planned cost estimate for the project is approx. €5 million for the entire project consortium.

The RDI efforts focused on the strengths specified by JAMK’s new strategy, including education and business expertise, bioeconomy, applied cyber security, multidisciplinary rehabilitation, and automation and robotics as an emerging field. Activities in these areas of strength were initiated in many fields. Similarly, the cooperation with key partners, the University of Jyväskylä and the municipal education consortium was diverse. JAMK experts were actively involved in the development of the Kangas, Kukkula (new and old hospital) and Hippos areas. In addition to this, the EduFutura cooperation was initiated.

The turnover for business operations totalled approx. €4.4 million (€4.3 in 2015). Despite the recession and cuts in the funding of public organisations, the volume of the services remained high, which is an indication of JAMK’s competitiveness among working-life organisations.

JAMK has focused its services on competence areas where the competence is based on the public educational mission. This way, the services particularly strengthen the quality of the education and keep it relevant and up-to-date in terms of the working life.

The average number of personnel at JAMK University of Applied Sciences during the past financial year was 686. (671 in 2015).

The Ministry of Education and Culture’s cuts in funding had the strongest effects in 2015 and 2016. Currently, positive development can be expected with regard to the funding of degree studies, provided that JAMK retains its position in relation to other universities of applied sciences and that the Ministry will no longer reduce the funding of universities of applied sciences.

The volume of RDI activities has started to increase again and is expected to grow within the next few years. Turnover development of service operations has remained good. Education export has become a strong pillar of support for business operations. Profitability must also be improved alongside controlled business growth.

The key risks are the Parliament’s education funding decisions affecting the funding of institutes of higher education. From the perspective of financing indicators, this also has to do with how well JAMK retains its position in relation to other universities of applied sciences. The Ministry of Education and Culture’s financing indicators changed at the beginning of 2017, but this is not expected to weaken JAMK’s financial position.

As regards the facilities, the challenge has been the management of indoor air quality issues, but the completed renovations are expected to improve the situation significantly.

JAMK is currently exploring the possibility of centralising most of its operations into a single new building. If carried out, the construction project will strongly affect the company’s finances and somewhat increase the financial and operational risk level.

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 a significance for the company’s image. JAMK University of Applied Sciences has been actively involved in bioeconomy RDI and education activities and in the Finnish Innovation Fund Sitra’s project Resource-Wise Jyväskylä.

The Board of Directors of the parent company assembled 11 times during the year of operation. The most essential decisions included regular matters concerning the budget and financial statements, as well as the performance agreement proposals.

Rector Jussi Halttunen served as the president, Vice Rector Heikki Malinen as the president’s deputy, BDO Oy as the auditor and Jarmo Lohi (Chartered Accountant, Chartered Public Finance Auditor) as the principal auditor.

Board members of JAMK University of Applied Sciences Ltd. 1 January – 31 December 2016.

and Eino Leisimo as controller for the City of Jyväskylä.

Mikko R. Salminen, Director of Administration, served as the Board’s secretary. 

The JAMK University of Applied Sciences Group is a subgroup of the Jyväskylä City Corporation. The domicile of the City Corporation is the City of Jyväskylä.

A copy of the consolidated financial statements is available at: City of Jyväskylä, Talouskeskus public utility, Heikinkatu 3 B, FI-40100 Jyväskylä.

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

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, €385,779.85, be left in the profit account.