APPENDIX EXPERIMENTAL ESTIMATES FOR AUXILIARY FINANCE AND INSURANCE SERVICES
OVERVIEW
1 This appendix contains experimental estimates for Subdivision 64 Auxiliary finance and insurance services for 2009-10, 2010-11 and 2011-12.
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 data quality of this time series is susceptible to sampling and non-sampling errors, as per Technical Note 2. The relative standard errors for the 2011-12 experimental estimates for subdivision 64 Auxiliary finance and insurance services are sales and service income (3.9%), total income (4.2%), wages and salaries (2.9%), total expenses (3.3% ) and industry value added (5.3%).
5 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 | Earnings before interest tax depreciation and amortisation | Industry value added(d) |
| | '000 | $m | $m | $m | $m | $m | $m | $m |
|
| Financial and insurance services | | | | | | | | |
| 2009-10 | 146 | 10 494 | 38 492 | 51 931 | 40 985 | ^10 946 | ^6 824 | 19 662 |
| 2010-11 | 147 | 10 919 | 37 553 | 50 655 | 36 826 | ^13 971 | 8 102 | 20 950 |
| 2011-12 | 150 | 11 414 | 39 219 | 50 993 | 38 700 | ^12 390 | ^7 099 | 20 905 |
|
| ^ 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 contribution into superannuation | Workers' compensation premiums/costs | Selected labour costs | Fringe benefits tax | Payroll tax | Total labour costs |
| | $m | $m | $m | $m | $m | $m | $m |
|
| Financial and insurance services | | | | | | | |
| 2009-10 | 10 494 | 836 | 43 | 11 372 | 71 | 430 | 11 873 |
| 2010-11 | 10 919 | 862 | 46 | 11 827 | 73 | 425 | 12 325 |
| 2011-12 | 11 414 | 931 | *224 | 12 569 | *115 | 466 | 13 150 |
|
| * estimate has a relative standard error of 25% to 50% and should be used with caution |
| (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 |
|
| Financial and insurance services | | | | | | | |
| 2009-10 | 38 492 | ^83 | ^144 | **1 | *2 921 | 16 138 | 19 662 |
| 2010-11 | 37 553 | ^104 | 94 | *142 | np | np | 20 950 |
| 2011-12 | 39 219 | *155 | 52 | ^98 | 2 235 | 16 385 | 20 905 |
|
| ^ 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 | 2011-12 |
|
| Employment at end of June(a) | '000 | 146 | 147 | 150 |
| Income | | | | |
| Sales and service income(b) | $m | 38 492 | 37 553 | 39 219 |
| Funding from government for operational costs | $m | ^83 | ^104 | *155 |
| Interest income | $m | 10 675 | ^6 302 | 5 600 |
| Other income | $m | *2 680 | *6 696 | ^6 019 |
| Total income | $m | 51 931 | 50 655 | 50 993 |
| Selected labour costs(c) | $m | 11 372 | 11 827 | 12 569 |
| Purchases | $m | *2 857 | *2 276 | 2 227 |
| Interest expenses | $m | 8 403 | ^6 286 | 5 516 |
| Depreciation and amortisation | $m | 830 | ^843 | 812 |
| Other expenses | $m | 17 604 | 15 676 | 17 621 |
| Less | | | | |
| Capitalised wages and salaries | $m | ^80 | 81 | 44 |
| Total expenses | $m | 40 985 | 36 826 | 38 700 |
| Change in inventories | $m | **1 | *142 | ^98 |
| Earnings before interest tax depreciation and amortisation | $m | ^6 824 | 8 102 | ^7 099 |
| Operating profit before tax(d) | $m | ^10 946 | ^13 971 | ^12 390 |
| Economiv values | | | | |
| Gross fixed capital formation | $m | *809 | 935 | ^840 |
| Capital expenditure(e) | $m | ^2 200 | ^1 501 | 1 463 |
| Disposals of assets | $m | **525 | *323 | ^579 |
| Net capital expenditure | $m | *1 675 | ^1 178 | ^884 |
| Industry value added(d) | $m | 19 662 | 20 950 | 20 905 |
| Industry ratios | | | | |
| Profit margin | % | ^28.4 | 37.2 | 31.6 |
| Interest coverage | times | *0.8 | 1.3 | 1.3 |
| Investment rate (value added) | % | **11.2 | 7.2 | 7.0 |
| Wages and salaries to sales and service income | % | 27.3 | 29.1 | 29.1 |
| Wages and salaries per employee(f) | $'000 | 77.6 | 80.8 | 81.6 |
| Sales and service income per person employed | $'000 | ^263.3 | 255.3 | 261.1 |
| Industry value added per person employed(g) | $'000 | ^134.5 | 142.5 | 139.2 |
| Percentage of business that | | | | |
| Percentage of businesses that made a profit | % | 78.1 | 81.7 | 80.9 |
| Percentage of businesses that broke even | % | *2.0 | np | 2.2 |
| Percentage of businesses that made a loss | % | ^19.9 | np | 16.9 |
|
| ^ 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 unincorporateed businesses. |
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