OIL AND GAS EXTRACTION 2013-14
|
 |  | 2011-12 | 2012-13 | 2013-14 | 2011-12 to
2012-13
% | 2012-13 to
2013-14
% |
|
Employment at end June | no. | 17 435 | 18 935 | 22 406 | 8.6% | 18.3% |
Wages and salaries | $m | 3 391 | 3 764 | 4 404 | 11.0% | 17.0% |
Sales and service income | $m | 34 870 | 39 684 | 38 436 | 13.8% | -3.1% |
Total income | $m | 42 324 | 55 458 | 44 878 | 31.0% | -19.1% |
Total expenses | $m | 23 580 | 29 117 | 28 652 | 23.5% | -1.6% |
Operating profit before tax (OPBT) | $m | 18 929 | 26 030 | 16 284 | 37.5% | -37.4% |
Earnings before interest, tax, depreciation and amortisation (EBITDA) | $m | 20 625 | 21 083 | 19 600 | 2.2% | -7.0% |
Industry value added (IVA) | $m | 27 783 | 28 721 | 28 389 | 3.4% | -1.2% |
|
KEY POINTS
- During 2013-14, sales and service income for the Australian Oil and gas extraction industry was $38.4b, a fall of 3.1% ($1.2b) between 2012-13 and 2013-14.
- Total income fell 19.1% ($10.6b) over the same period.
- Employment grew 18.3% to 22,406 people at end of June 2014.
- Wages and salaries rose 17.0% to $4.4b between 2012-13 and 2013-14.
- Total expenses fell 1.6% to $28.7b.
- OPBT fell 37.4% to $16.3b, while EBITDA and IVA also declined, by 7.0% and 1.2% respectively.
CAPITAL EXPENDITURE AND DISPOSALS
During 2013-14 total capital expenditure for the
Oil and gas extraction industry was $68.8b, mainly comprising expenditure of $62.4b on dwellings, other buildings and structures. Gross fixed capital formation was $64.3b.
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