8155.0 - Australian Industry, 2014-15 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 2012-13, 2013-14 and 2014-15.

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 2014-15 experimental estimates for ANZSIC Subdivision 64 Auxiliary finance and insurance services are sales and service income (4.4%), total income (3.9%), wages and salaries (3.5%), total expenses (4.3%), employment (3.8%), operating profit before tax (6.6%), earnings before interest, tax, depreciation and amortisation (8%) and industry value added (4.2%).

5 The estimates in this appendix are considered experimental 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
2012-13
147
11 470
38 574
48 127
36 810
11 291
7 423
21 052
2013-14
148
12 682
42 112
53 586
39 612
13 993
8 157
23 278
2014-15
158
12 986
46 430
59 640
41 531
18 066
10 564
26 055

(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.
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
2012-13
11 470
889
46
12 405
67
439
12 911
2013-14
12 682
1 016
^54
13 751
68
479
14 298
2014-15
12 986
1 072
50
14 108
^97
531
14 735

^ 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.

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
2012-13
38 574
^50
^39
^5
^44
-27
^2 467
15 122
21 052
2013-14
42 112
*19
np
np
36
*19
3 006
15 902
23 278
2014-15
46 430
**31
^71
*100
*172
-43
^3 452
17 082
26 055

^ 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.

Industry performance, Auxiliary finance and insurance services

2012-13
2013-14
2014-15

Employment at end of June(a) '000
147
148
158
Income
Sales and service income(b) $m
38 574
42 112
46 430
Funding from government for operational costs $m
^50
*19
**31
Interest income $m
5 371
5 462
^5 404
Other income $m
4 131
^5 994
^7 775
Total income$m
48 127
53 586
59 640
Expenses
Selected labour costs(c)$m
12 405
13 751
14 108
Purchases of goods and materials(d)$m
^2 467
3 006
^3 452
Interest expenses$m
4 949
4 747
^4 862
Depreciation and amortisation$m
687
^872
^816
Other expenses$m
16 346
17 272
18 466
Less
Capital work done for own use $m
^44
36
*172
Total expenses$m
36 810
39 612
41 531
Change in inventories$m
-27
*19
-43
Earnings before interest tax depreciation and amortisation(e)$m
7 423
8 157
10 564
Operating profit before tax(e)$m
11 291
13 993
18 066
Economic values
Gross fixed capital formation$m
1 088
^1 251
897
Capital expenditure(f) $m
^2 366
^2 050
^1 622
Disposals of assets $m
**530
**379
*245
Net capital expenditure $m
*1 836
*1 671
^1 377
Industry value added(e) $m
21 052
23 278
26 055
Industry ratios
Profit margin%
29.3
33.2
38.9
Interest coveragetimes
1.5
1.7
2.2
Investment rate (value added)%
11.2
8.8
6.2
Wages and salaries to sales and service income%
29.7
30.1
28.0
Wages and salaries per employee(g)$'000
83.4
90.2
87.8
Sales and service income per person employed(h)$'000
262.6
284
294.5
Industry value added per person employed(h)$'000
143.3
157
165.3
Percentage of businesses that
Made a profit %
79.4
82.1
85.7
Broke even %
4.3
1.1
1.3
Made a loss %
16.3
16.8
13.0

^ 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) 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.