8155.0 - Australian Industry, 2010-11 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 22/06/2012   
   Page tools: Print Print Page Print all pages in this productPrint All

APPENDIX EXPERIMENTAL ESTIMATES FOR AUXILIARY FINANCE AND INSURANCE SERVICES


OVERVIEW

1 This appendix contains experimental estimates for Subdivision 64 Auxiliary finance and insurance services which are being released for the first time for 2009-10 and 2010-11.

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 experimental estimates for Auxiliary finance and insurance services are subject to sampling and non-sampling error, as outlined in Technical Note 2. One measure of sampling error is the standard error, another is relative standard error (RSE) which expresses the standard error as a percentage of the estimate to which it refers. The RSEs for selected experimental estimates in 2010-11 were:

  • Wages and salaries: 1.8%
  • Sales and service income: 3.5%
  • Total income: 5.7%
  • Total expenses: 3.4%
  • Industry value added: 3.1%.

5 To illustrate, the experimental estimate of sales and service income for 2010-11 was $37,332m. The associated relative standard error was 3.5%, giving a standard error of approximately $1,307m. Therefore, there are two chances in three that, if all units had been included in the survey, a figure in the range of $36,025m to $38,639m would have been obtained, and nineteen chances in twenty (i.e. a confidence interval of 95%) that the figure would have been within the range of $34,719m to $39,945m.

6 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(d)
Earnings before interest tax depreciation and amortisation(d)
Industry value added(d)
'000
$m
$m
$m
$m
$m
$m
$m

2009-10
147
10 518
38 848
52 290
41 962
^10 334
^6 215
19 082
2010-11
149
10 974
37 332
50 900
37 821
^13 225
6 897
19 810

^ 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 contributions into superannuation
Workers' compensation premiums/costs
Selected labour costs
Fringe benefits tax
Payroll tax
Total labour costs
$m
$m
$m
$m
$m
$m
$m

2009-10
10 518
838
43
11 399
71
430
11 900
2010-11
10 974
868
46
11 888
73
425
12 387

(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

2009-10
38 848
^83
^144
**6
*3 842
16 158
19 082
2010-11
37 332
^104
94
*147
np
np
19 810

^ 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

Employment at end of June(a) '000
147
149
Income
Sales and service income(b) $m
38 848
37 332
Funding from government for operational costs $m
^83
^104
Interest income $m
10 687
^6 308
Other income $m
*2 671
*7 156
Total income $m
52 290
50 900
Expenses
Selected labour costs(c) $m
11 399
11 888
Purchases $m
*3 778
^3 402
Interest expenses $m
8 408
^6 292
Depreciation and amortisation $m
^831
^843
Other expenses $m
17 626
15 477
Less
Capitalised wages and salaries $m
^80
81
Total expenses $m
41 962
37 821
Change in inventories $m
**6
*147
Earnings before interest tax depreciation and amortisation $m
^6 215
6 897
Operating profit before tax(d) $m
^10 334
^13 225
Economic values
Gross fixed capital formation $m
*1 026
1 324
Capital expenditure(e) $m
^2 419
1 892
Disposal of assets $m
**525
*328
Net capital expenditure $m
*1 894
^1 564
Industry value added(d) $m
19 082
19 810
Industry ratios
Profit margin %
26.6
35.4
Interest coverage times
0.7
np
Investment rate (value added) %
12.7
9.6
Wages and salaries to sales and service income %
27.1
np
Wages and salaries per employee(f) $'000
77.5
np
Sales and service income per person employed(g) $'000
265.0
np
Industry value added per person employed(g) $'000
130.2
np
Percentage of businesses that
Made a profit %
70.7
74.4
Broke even %
1.6
np
Made a loss %
27.7
np

^ 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 unincorporated businesses.