This information paper explains how businesses reporting data on a non-standard financial year basis can impact on the estimates published in Australian Industry (cat. no. 8155.0), and describes an experimental methodology designed to measure the impact of this phenomenon on published data.
The estimates presented in Australian Industry (cat. no. 8155.0) are derived from the Economic Activity Survey, and generally represent the 12 month period ended 30 June. However, where businesses are unable to provide data on this basis, an alternate, or 'off-June' accounting period is used. As a result, in some instances estimates may reflect trading conditions occurring outside of the published reference year. This paper describes an experimental methodology designed to assess all businesses on the same June year end reporting basis. The result is a set of experimental estimates adjusted for off-June year reporting presented by ANZSIC division and subdivision for wages and salaries, total income, total expenses and Industry Value Added, for the reference year 2011-12.