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 2012-13, 2013-14 and 2014-15.
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 2014-15 experimental estimates for ANZSIC Subdivision 64 Auxiliary finance and insurance services are sales and service income (4.4%), total income (3.9%), wages and salaries (3.5%), total expenses (4.3%), employment (3.8%), operating profit before tax (6.6%), earnings before interest, tax, depreciation and amortisation (8%) and industry value added (4.2%).
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 |
2012-13 | 147 | 11 470 | 38 574 | 48 127 | 36 810 | 11 291 | 7 423 | 21 052 |
2013-14 | 148 | 12 682 | 42 112 | 53 586 | 39 612 | 13 993 | 8 157 | 23 278 |
2014-15 | 158 | 12 986 | 46 430 | 59 640 | 41 531 | 18 066 | 10 564 | 26 055 |
|
| (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(a) | Fringe
benefits
tax | Payroll
tax | Total
labour
costs(a) |
| | $m | $m | $m | $m | $m | $m | $m |
|
| Financial and insurance services |
2012-13 | 11 470 | 889 | 46 | 12 405 | 67 | 439 | 12 911 |
2013-14 | 12 682 | 1 016 | ^54 | 13 751 | 68 | 479 | 14 298 |
2014-15 | 12 986 | 1 072 | 50 | 14 108 | ^97 | 531 | 14 735 |
|
| ^ estimate has a relative standard error of 10% to less than 25% and should be used with caution |
| (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 |
2012-13 | 38 574 | ^50 | ^39 | ^5 | ^44 | -27 | ^2 467 | 15 122 | 21 052 |
2013-14 | 42 112 | *19 | np | np | 36 | *19 | 3 006 | 15 902 | 23 278 |
2014-15 | 46 430 | **31 | ^71 | *100 | *172 | -43 | ^3 452 | 17 082 | 26 055 |
|
| ^ 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 paragraph 5 of Technical Note: Data Quality. |
Industry performance, Auxiliary finance and insurance services |
|
| | | 2012-13 | 2013-14 | 2014-15 |
|
| Employment at end of June(a) | '000 | 147 | 148 | 158 |
| Income | | | | |
| Sales and service income(b) | $m | 38 574 | 42 112 | 46 430 |
| Funding from government for operational costs | $m | ^50 | *19 | **31 |
| Interest income | $m | 5 371 | 5 462 | ^5 404 |
| Other income | $m | 4 131 | ^5 994 | ^7 775 |
| | Total income | $m | 48 127 | 53 586 | 59 640 |
| Expenses | | | | |
| Selected labour costs(c) | $m | 12 405 | 13 751 | 14 108 |
| Purchases of goods and materials(d) | $m | ^2 467 | 3 006 | ^3 452 |
| | Interest expenses | $m | 4 949 | 4 747 | ^4 862 |
| Depreciation and amortisation | $m | 687 | ^872 | ^816 |
| Other expenses | $m | 16 346 | 17 272 | 18 466 |
| Less | | | | |
| Capital work done for own use | $m | ^44 | 36 | *172 |
| Total expenses | $m | 36 810 | 39 612 | 41 531 |
| Change in inventories | $m | -27 | *19 | -43 |
| Earnings before interest tax depreciation and amortisation(e) | $m | 7 423 | 8 157 | 10 564 |
| Operating profit before tax(e) | $m | 11 291 | 13 993 | 18 066 |
| Economic values | | | | |
| Gross fixed capital formation | $m | 1 088 | ^1 251 | 897 |
| Capital expenditure(f) | $m | ^2 366 | ^2 050 | ^1 622 |
| Disposals of assets | $m | **530 | **379 | *245 |
| Net capital expenditure | $m | *1 836 | *1 671 | ^1 377 |
| Industry value added(e) | $m | 21 052 | 23 278 | 26 055 |
| Industry ratios | | | | |
| Profit margin | % | 29.3 | 33.2 | 38.9 |
| Interest coverage | times | 1.5 | 1.7 | 2.2 |
| Investment rate (value added) | % | 11.2 | 8.8 | 6.2 |
| Wages and salaries to sales and service income | % | 29.7 | 30.1 | 28.0 |
| Wages and salaries per employee(g) | $'000 | 83.4 | 90.2 | 87.8 |
| Sales and service income per person employed(h) | $'000 | 262.6 | 284 | 294.5 |
| Industry value added per person employed(h) | $'000 | 143.3 | 157 | 165.3 |
| Percentage of businesses that | | | | |
| Made a profit | % | 79.4 | 82.1 | 85.7 |
| Broke even | % | 4.3 | 1.1 | 1.3 |
| Made a loss | % | 16.3 | 16.8 | 13.0 |
|
| ^ 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. |
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