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Institutes report negative balance sheets

Norway’s independent research institutes operated at a loss of 35 million Norwegian kroner (€3.8m) in 2015, a report by the Research Council of Norway has found.

In a statement on 25 August, the council said that the institutes’ income was kr9.5 billion in 2015—an increase of kr700m, or 8 per cent, from 2014. Since 2011, income has increased by almost 16 per cent, the council added.

However, institutes operated at a loss of kr35m in 2015, significantly less than in 2014 when they held a kr250m profit. Institutes’ reduced profit was affected by the fact that many of them are revamping their pensions systems, the council said, adding that it was “not necessarily the result of research activities at institutions”.

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