8415.0 - Mining Operations, Australia, 2013-14 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 29/06/2015   
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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.