8167.0 - Selected Characteristics of Australian Business, 2011-12 
Quality Declaration
Quality Declaration ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 19/09/2013
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Overall, nearly one in five businesses sought debt or equity finance during the reference period (18%). Of these, businesses were most likely to report seeking debt finance (92%). Of those businesses that reported seeking debt finance, 88% reported debt finance that was obtained. In contrast, of those businesses that sought equity finance, over half reported equity finance that was obtained (55%). Businesses with 0-4 persons employed were the most likely to report that they had debt finance that was not obtained (7%) and equity finance that was not obtained (40%), compared to businesses with 200 or more persons employed (1% and 33% respectively). Further data relating to business finance sought can be accessed via the Downloads tab. REASONS FOR SEEKING DEBT OR EQUITY FINANCE Businesses that sought debt or equity finance during 2011-12 were asked the reasons for seeking finance, regardless of whether the finance was obtained. Businesses were able to provide multiple responses.
Consistent with previous results, for businesses that sought debt or equity finance, the most common reason was to maintain short term cash flow or liquidity (41%). The least common reason for seeking finance was the purchase of additional assets not related to expansion (7%). Businesses with 200 or more persons employed were the most likely to report seeking finance to maintain short term cash flow or liquidity (50%) and to expand their business (37%). A third of businesses with 5-19 persons employed reported they sought finance to ensure the survival of their business (33%), compared to just over one in 20 large businesses that reported this as a reason they sought finance (6%). Over half of businesses in the Professional, scientific and technical services industry that sought finance reported that this was in order to maintain short term cash flow or liquidity (57%). Businesses in Transport, postal and warehousing were the least likely to report that this was the reason they sought finance (21%). Businesses in the Information media and telecommunications industry were the most likely to seek finance to expand their business (46%). They were also the most likely to have sought debt or equity finance to ensure the survival of their business (52%) followed by Arts and recreation services (45%). Innovation-active businesses (16%) were more likely to seek debt or equity finance for the upgrade of IT hardware or software than non innovation-active businesses (3%). Innovation-active businesses (23%) were also more likely to seek debt or equity finance to expand their business than non innovation-active businesses (8%). Further data relating to reasons for seeking debt or equity finance can be accessed via the Downloads tab. GOVERNMENT FINANCIAL ASSISTANCE All businesses were asked whether they received any government financial assistance (excluding tax deductions for normal business expenses) during the year ended 30 June 2012. Government organisations include federal, state/territory and local governments.
Overall, 14% of businesses reported that they received some form of Australian government assistance. Rebates were the most commonly reported type of government financial assistance (7%). The proportion of businesses that received at least one type of government financial assistance increased with each successive employment size range. Although businesses with 0-4 persons employed reported the lowest proportion that received financial assistance (8%), this equates to approximately 38,000 businesses, whereas 56% of businesses with 200 or more persons employed represents approximately 2,000 businesses. Businesses in Agriculture, forestry and fishing were the most likely to report they received at least one type of government financial assistance (32%). This includes being the most likely to have received rebates (20%) and subsidies (6%). Businesses in Arts and recreation services were the most likely to report they received grants (14%), but the least likely to report they received rebates (1%). Businesses in Health care and social assistance were the most likely to report they received ongoing funding (9%). Businesses in the Financial and insurance services industry were the least likely to report receiving grants (1%), as well as the least likely to report receiving any government financial assistance (4%). Further data relating to government financial assistance can be accessed via the Downloads tab. Document Selection These documents will be presented in a new window.
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