OIL AND GAS EXTRACTION 2012-13
|
 |  | 2011-12 | 2012-13 | 2011-12
to
2012-13
% |
|
Employment at end June | no. | 17 537 | 18 682 | 6.5 |
Wages and salaries | $m | 3 401 | 3 737 | 9.9 |
Sales and service income | $m | 35 196 | 38 822 | 10.3 |
Total income | $m | 42 646 | 53 727 | 26.0 |
Total expenses | $m | 24 480 | 28 410 | 16.1 |
Operating profit before tax (OPBT) | $m | 18 383 | 25 686 | 39.7 |
Earnings before interest, tax, depreciation and amortisation (EBITDA) | $m | 20 374 | 21 613 | 6.1 |
Industry value added (IVA) | $m | 27 847 | 29 682 | 6.6 |
|
KEY POINTS
- During 2012-13, sales and service income for the Australian Oil and gas extraction industry was $38.8b, indicating growth of 10.3% between 2011-12 and 2012-13.
- Total income grew 26% ($11.1b) over the same period.
- Employment grew 6.5% to 18,682 people at end June 2013.
- Wages and salaries rose 9.9% to $3.7b between 2011-12 and 2012-13.
- Total expenses grew by 16.1% to $28.4b.
- OPBT rose by 39.7% to $25.7b, while EBITDA and IVA also rose, by 6.1% and 6.6% respectively.
CAPITAL EXPENDITURE
During 2012-13 total capital expenditure for the
Oil and gas extraction industry was $53.8b, mainly comprising expenditure of $49.4b on dwellings, other buildings and structures. Gross fixed capital formation was $50.5b.