8155.0 - Australian Industry, 2013-14 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 29/06/2015   
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APPENDIX EXPERIMENTAL ESTIMATES FOR AUXILIARY FINANCE AND INSURANCE SERVICES


OVERVIEW

1 This appendix contains experimental estimates for ANZSIC Subdivision 64 Auxiliary finance and insurance services for 2011-12, 2012-13 and 2013-14.

2 The reference period, scope, coverage and survey design for the experimental estimates in this appendix are the same as those found throughout this publication. Further details can be found in the Explanatory Notes.

3 The methodology for creating these experimental estimates is the same as for other industries in this publication. See Technical Note: Estimation Methodology for detailed information.

4 The data quality of this time series is susceptible to sampling and non-sampling errors, as per Technical Note: Data Quality. The relative standard errors for the 2013-14 experimental estimates for ANZSIC Subdivision 64 Auxiliary finance and insurance services are sales and service income (4.3%), total income (3.4%), wages and salaries (3.2%), total expenses (4.2%), employment (2.7%), operating profit before tax (5.5%), earnings before interest, tax, depreciation and amortisation (6.4%) and industry value added (3.5%).

5 The estimates in this appendix are considered experimental are subject to evaluation and therefore should be used with caution.


Key data, Auxiliary finance and insurance services

Employment
at end
of June(a)
Wages
and
salaries(b)
Sales
and
service
income(c)
Total
income
Total
expenses
Operating
profit
before tax(d)
EBITDA(d)(e)
Industry
value
added(d)
'000
$m
$m
$m
$m
$m
$m
$m

Financial and insurance services
2011-12
157
12 107
39 749
47 498
39 264
^8 330
6 970
21 430
2012-13
147
11 470
38 574
48 127
36 810
11 291
7 423
21 060
2013-14
148
12 590
42 246
54 228
39 636
14 616
8 283
23 299

^ estimate has a relative standard error of 10% to less than 25% and should be used with caution
(a) Includes working proprietors and partners of unincorporated businesses.
(b) Includes capitalised wages and salaries, salary sacrificed earnings and remuneration in the form of share based payments and stock options; excludes the drawings of working proprietors.
(c) Includes rent, leasing and hiring income.
(d) See paragraph 5 of Technical Note: Data Quality.
(e) Earnings before interest tax depreciation and amortisation.
Labour costs, Auxiliary finance and insurance services

Wages
and
salaries(a)
Employer
contributions
into
superannuation
Workers'
compensation
premiums/costs
Selected
labour
costs
Fringe
benefits
tax
Payroll
tax
Total
labour
costs
$m
$m
$m
$m
$m
$m
$m

Financial and insurance services
2011-12
12 107
969
**106
13 182
*119
491
13 792
2012-13
11 470
889
46
12 405
67
439
12 911
2013-14
12 590
1 008
^53
13 650
68
482
14 200

^ estimate has a relative standard error of 10% to less than 25% and should be used with caution
* estimate has a relative standard error of 25% to 50% and should be used with caution
** estimate has a relative standard error of greater than 50% and is considered too unreliable for general use
(a) Includes capitalised wages and salaries, salary sacrificed earnings and remuneration in the form of share based payments and stock options; excludes the drawings of working proprietors.

Industry value added, Auxiliary finance and insurance services

PLUS
LESS
Capital work done for own use
Sales
and
service
income(a)
Funding
from
government
for
operational
costs
Capitalised
wages
and
salaries
Capitalised purchases
Total
Change
in
inventories
Purchases
of goods
and
materials(b)
Other
intermediate
input
expenses
Industry
value
added(c)
$m
$m
$m
$m
$m
$m
$m
$m
$m

Financial and insurance services
2011-12
39 749
*156
44
8
52
^96
^2 293
16 330
21 430
2012-13
38 574
^50
^39
^5
^44
-27
^2 467
15 114
21 060
2013-14
42 246
*19
np
np
36
*25
2 919
16 107
23 299

^ estimate has a relative standard error of 10% to less than 25% and should be used with caution
* estimate has a relative standard error of 25% to 50% and should be used with caution
np not available for publication but included in totals where applicable, unless otherwise indicated
(a) Includes rent, leasing and hiring income.
(b) Includes capitalised purchases.
(c) See paragraph 5 of Technical Note: Data Quality.

Industry performance, Auxiliary finance and insurance services

2011-12
2012-13
2013-14

Employment at end of June(a) '000
157
147
148
Income
Sales and service income(b) $m
39 749
38 574
42 246
Funding from government for operational costs $m
*156
^50
*19
Interest income $m
5 563
5 371
5 464
Other income $m
**2 029
4 131
^6 499
Total income$m
47 498
48 127
54 228
Expenses
Selected labour costs(c)$m
13 182
12 405
13 650
Purchases of goods and materials(d)$m
^2 293
^2 467
2 919
Interest expenses$m
5 449
4 949
4 747
Depreciation and amortisation$m
784
687
^883
Other expenses$m
17 607
16 346
17 473
Less
Capital work done for own use $m
52
^44
36
Total expenses$m
39 264
36 810
39 636
Change in inventories$m
^96
-27
*25
Earnings before interest tax depreciation and amortisation(e)$m
6 970
7 423
8 283
Operating profit before tax(e)$m
^8 330
11 291
14 616
Economic values
Gross fixed capital formation$m
^860
1 088
^1 248
Capital expenditure(f) $m
1 485
^2 366
^2 047
Disposals of assets $m
^581
**530
**379
Net capital expenditure $m
^904
*1 836
*1 669
Industry value added(e) $m
21 430
21 060
23 299
Industry ratios
Profit margin%
21
29.3
34.6
Interest coveragetimes
1.3
1.5
1.7
Investment rate (value added)%
6.9
11.2
8.8
Wages and salaries to sales and service income%
30.5
29.7
29.8
Wages and salaries per employee(g)$'000
82.5
83.4
89.5
Sales and service income per person employed(h)$'000
252.9
262.6
284.7
Industry value added per person employed(h)$'000
136.3
143.4
157
Percentage of businesses that
Made a profit %
81.4
79.4
82.7
Broke even %
2.2
4.3
0.6
Made a loss %
16.4
16.3
16.7

^ estimate has a relative standard error of 10% to less than 25% and should be used with caution
* estimate has a relative standard error of 25% to 50% and should be used with caution
** estimate has a relative standard error greater than 50% and is considered too unreliable for general use
np not available for publication but included in totals where applicable, unless otherwise indicated
(a) Includes working proprietors and partners of unincorporated businesses.
(b) Includes rent, leasing and hiring income.
(c) Includes capitalised wages and salaries, salary sacrificed earnings and remuneration in the form of share based payments and stock options; excludes the drawings of working proprietors.
(d) Includes capitalised purchases.
(e) See paragraph 5 of Technical Note: Data Quality.
(f) Includes capital work done for own use.
(g) Employee estimates used in this ratio exclude working proprietors and partners of unincorporated businesses.
(h) Calculated using estimates of employment which include working proprietors and partners of unincorporated businesses.