APPENDIX EXPERIMENTAL ESTIMATES FOR AUXILIARY FINANCE AND INSURANCE SERVICES
OVERVIEW
1 This appendix contains experimental estimates for Subdivision 64 Auxiliary finance and insurance services which are being released for the first time for 2009-10 and 2010-11.
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 detail 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 1 for detailed information.
4 The experimental estimates for Auxiliary finance and insurance services are subject to sampling and non-sampling error, as outlined in Technical Note 2. One measure of sampling error is the standard error, another is relative standard error (RSE) which expresses the standard error as a percentage of the estimate to which it refers. The RSEs for selected experimental estimates in 2010-11 were:
- Wages and salaries: 1.8%
- Sales and service income: 3.5%
- Total income: 5.7%
- Total expenses: 3.4%
- Industry value added: 3.1%.
5 To illustrate, the experimental estimate of sales and service income for 2010-11 was $37,332m. The associated relative standard error was 3.5%, giving a standard error of approximately $1,307m. Therefore, there are two chances in three that, if all units had been included in the survey, a figure in the range of $36,025m to $38,639m would have been obtained, and nineteen chances in twenty (i.e. a confidence interval of 95%) that the figure would have been within the range of $34,719m to $39,945m.
6 The estimates in this appendix are considered experimental and are still 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) | Earnings before interest tax depreciation and amortisation(d) | Industry value added(d) |
| '000 | $m | $m | $m | $m | $m | $m | $m |
|
| 2009-10 | 147 | 10 518 | 38 848 | 52 290 | 41 962 | ^10 334 | ^6 215 | 19 082 |
| 2010-11 | 149 | 10 974 | 37 332 | 50 900 | 37 821 | ^13 225 | 6 897 | 19 810 |
|
| ^ 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; excludes the drawings of working proprietors. |
| (c) Includes rent, leasing and hiring income. |
| (d) See Technical Note 2, paragraph 5. |
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 |
|
| 2009-10 | 10 518 | 838 | 43 | 11 399 | 71 | 430 | 11 900 |
| 2010-11 | 10 974 | 868 | 46 | 11 888 | 73 | 425 | 12 387 |
|
| (a) Includes capitalised wages and salaries; excludes drawings of working proprietors. |
Industry value added, Auxiliary finance and insurance services |
|
| | Plus | Less | |
| Sales and service income(a) | Funding from government for operational costs | Capital work done for own use | Change in inventories | Purchases of goods and materials(b) | Other intermediate input expenses | Industry value added(c) |
| $m | $m | $m | $m | $m | $m | $m |
|
| 2009-10 | 38 848 | ^83 | ^144 | **6 | *3 842 | 16 158 | 19 082 |
| 2010-11 | 37 332 | ^104 | 94 | *147 | np | np | 19 810 |
|
| ^ 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 rent, leasing and hiring income. |
| (b) Includes capitalised purchases. |
| (c) See Technical Note 2, paragraph 5. |
Industry performance, Auxiliary finance and insurance services |
|
| | | | 2009-10 | 2010-11 |
|
| Employment at end of June(a) | '000 | 147 | 149 |
| Income | | | |
| Sales and service income(b) | $m | 38 848 | 37 332 |
| Funding from government for operational costs | $m | ^83 | ^104 |
| Interest income | $m | 10 687 | ^6 308 |
| Other income | $m | *2 671 | *7 156 |
| Total income | $m | 52 290 | 50 900 |
| Expenses | | | |
| Selected labour costs(c) | $m | 11 399 | 11 888 |
| Purchases | $m | *3 778 | ^3 402 |
| Interest expenses | $m | 8 408 | ^6 292 |
| Depreciation and amortisation | $m | ^831 | ^843 |
| Other expenses | $m | 17 626 | 15 477 |
| Less | | | |
| | Capitalised wages and salaries | $m | ^80 | 81 |
| Total expenses | $m | 41 962 | 37 821 |
| Change in inventories | $m | **6 | *147 |
| Earnings before interest tax depreciation and amortisation | $m | ^6 215 | 6 897 |
| Operating profit before tax(d) | $m | ^10 334 | ^13 225 |
| Economic values | | | |
| Gross fixed capital formation | $m | *1 026 | 1 324 |
| Capital expenditure(e) | $m | ^2 419 | 1 892 |
| Disposal of assets | $m | **525 | *328 |
| Net capital expenditure | $m | *1 894 | ^1 564 |
| Industry value added(d) | $m | 19 082 | 19 810 |
| Industry ratios | | | |
| Profit margin | % | 26.6 | 35.4 |
| Interest coverage | times | 0.7 | np |
| Investment rate (value added) | % | 12.7 | 9.6 |
| Wages and salaries to sales and service income | % | 27.1 | np |
| Wages and salaries per employee(f) | $'000 | 77.5 | np |
| Sales and service income per person employed(g) | $'000 | 265.0 | np |
| Industry value added per person employed(g) | $'000 | 130.2 | np |
| Percentage of businesses that | | | |
| Made a profit | % | 70.7 | 74.4 |
| Broke even | % | 1.6 | np |
| Made a loss | % | 27.7 | np |
|
| ^ 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) Excludes the drawings of working proprietors. |
| (d) See Technical Note 2, paragraph 5. |
| (e) Includes capital work done for own use. |
| (f) Employee estimates used in this ratio exclude working proprietors and partners of unincorporated businesses. |
| (g) Calculated using estimates of employment which include working proprietors and partners of unincorporated businesses. |
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