PROFITABILITY AND EARNINGS
Operating profit before tax (OPBT) for Total selected industries in 2011-12 was $363.5b. The percentage contribution by small businesses was 44.6% (or $161.9b). This result can be explained by the inclusion of non-employing businesses in the small business population. Specifically, these non-employing businesses are large in number and include working proprietors and partners for which the salaries and/or drawings are not reflected in estimates of business expenses.