8155.0 - Australian Industry, 2016-17 Quality Declaration 
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APPENDIX EXPERIMENTAL ESTIMATES FOR AUXILIARY FINANCE AND INSURANCE SERVICES

OVERVIEW

1 This appendix contains experimental estimates for ANZSIC Subdivision 64 Auxiliary finance and insurance services for 2014-15, 2015-16 and 2016-17.

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 details 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: Estimation Methodology for detailed information.

4 The data quality of this time series is susceptible to sampling and non-sampling errors, as per Technical Note: Data Quality. The relative standard errors for the 2016-17 experimental estimates for ANZSIC Subdivision 64 Auxiliary finance and insurance services were: sales and service income (3.0%), total income (2.9%), wages and salaries (2.7%), total expenses (2.6%), employment (3.1%), operating profit before tax (6.4%), earnings before interest, tax, depreciation and amortisation (9.0%) and industry value added (4.3%).

5 The estimates in this appendix are considered experimental and are 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)
EBITDA(d)(e)
Industry
value
added(d)
'000
$m
$m
$m
$m
$m
$m
$m

Financial and insurance services
2014-15
158
13 185
47 260
60 787
42 632
18 112
10 285
26 007
2015-16
162
14 030
51 280
61 519
44 313
17 188
11 616
28 451
2016-17
159
13 936
53 478
64 233
45 449
18 832
12 385
29 266

(a) Includes working proprietors and partners of unincorporated businesses.
(b) Includes capitalised wages and salaries, salary sacrificed earnings and remuneration in the form of share based payments and stock options; excludes the drawings of working proprietors.
(c) Includes rent, leasing and hiring income.
(d) See paragraph 5 of Technical Note: Data Quality.
(e) Earnings before interest tax depreciation and amortisation.
Source: Australian Industry (8155.0)

Labour costs, Auxiliary finance and insurance services

Wages
and
salaries(a)
Employer
contributions
into
superannuation
Workers'
compensation
premiums/costs
Selected
labour
costs(a)
Fringe
benefits
tax
Payroll
tax
Total
labour
costs(a)
$m
$m
$m
$m
$m
$m
$m

Financial and insurance services
2014-15
13 185
1 087
50
14 323
^96
545
14 964
2015-16
14 030
1 178
57
15 264
80
622
15 966
2016-17
13 936
1 214
54
15 205
^85
574
15 865

^ estimate has a relative standard error of 10% to less than 25% and should be used with caution
(a) Includes capitalised wages and salaries, salary sacrificed earnings and remuneration in the form of share based payments and stock options; excludes the drawings of working proprietors.
Source: Australian Industry (8155.0)

Industry value added, Auxiliary finance and insurance services

PLUS
LESS
Capital work done for own use
Sales
and
service
income(a)
Funding
from
government
for
operational
costs
Capitalised
wages
and
salaries
Capitalised purchases
Total
Change
in
inventories
Purchases
of goods
and
materials(b)
Other
intermediate
input
expenses
Industry
value
added(c)
$m
$m
$m
$m
$m
$m
$m
$m
$m

Financial and insurance services
2014-15
47 260
**31
^71
*100
*171
-43
^3 449
17 963
26 007
2015-16
51 280
*40
^94
114
208
-18
^3 670
19 388
28 451
2016-17
53 478
**48
^39
**218
*257
**49
^3 915
20 651
29 266

^ 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 paragraph 5 of Technical Note: Data Quality.
Source: Australian Industry (8155.0)

Industry performance, Auxiliary finance and insurance services

2014-15
2015-16
2016-17

Employment at end of June(a) '000
158
162
159
Income
Sales and service income(b) $m
47 260
51 280
53 478
Funding from government for operational costs $m
**31
*40
**48
Interest income $m
^5 424
4 320
3 815
Other income $m
^8 072
5 879
^6 892
Total income$m
60 787
61 519
64 233
Expenses
Selected labour costs(c)$m
14 323
15 264
15 205
Purchases of goods and materials(d)$m
^3 449
^3 670
^3 915
Interest expenses$m
^4 853
3 788
3 530
Depreciation and amortisation$m
^816
839
729
Other expenses$m
19 362
20 959
22 326
Less
Capital work done for own use $m
*171
208
*257
Total expenses$m
42 632
44 313
45 449
Change in inventories$m
-43
-18
**49
Earnings before interest tax depreciation and amortisation(e)$m
10 285
11 616
12 385
Operating profit before tax(e)$m
18 112
17 188
18 832
Economic values
Gross fixed capital formation$m
896
^1 001
1 194
Capital expenditure(f) $m
^1 620
^2 022
^1 905
Disposals of assets $m
*245
**640
*179
Net capital expenditure $m
^1 375
*1 382
^1 727
Industry value added(e) $m
26 007
28 451
29 266
Industry ratios
Profit margin%
38.3
33.5
35.2
Interest coveragetimes
2.1
3.1
3.5
Investment rate (value added)%
6.2
7.1
6.5
Wages and salaries to sales and service income%
27.9
27.4
26.1
Wages and salaries per employee(g)$'000
88.9
93.4
88.8
Sales and service income per person employed(h)$'000
299.0
316.9
336.1
Industry value added per person employed(h)$'000
164.6
175.8
183.9
Percentage of businesses that
Made a profit %
85.7
85.2
79.7
Broke even %
1.3
1.7
1.4
Made a loss %
13.0
13.2
18.8

^ 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
(a) Includes working proprietors and partners of unincorporated businesses.
(b) Includes rent, leasing and hiring income.
(c) Includes capitalised wages and salaries, salary sacrificed earnings and remuneration in the form of share based payments and stock options; excludes the drawings of working proprietors.
(d) Includes capitalised purchases.
(e) See paragraph 5 of Technical Note: Data Quality.
(f) Includes capital work done for own use.
(g) Employee estimates used in this ratio exclude working proprietors and partners of unincorporated businesses.
(h) Calculated using estimates of employment which include working proprietors and partners of unincorporated businesses.
Source: Australian Industry (8155.0)