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Annual Enterprise Survey: 2012 financial year (provisional)
Embargoed until 10:45am  –  30 August 2013
Definitions

About the Annual Enterprise Survey

The Annual Enterprise Survey (AES) is New Zealand’s most comprehensive source of financial statistics. It provides annual information on financial performance and financial position for industry and sector groups operating within New Zealand.

The industries covered in the survey contribute approximately 90 percent of New Zealand’s gross domestic product (GDP). AES is an important source of data for GDP as we use it to calculate detailed annual national accounts. AES output variables include income, expenditure, profit, purchases of fixed assets, and equity. From this data, we can derive economic ratios such as the return on assets and profit margin on sales. The AES data is also the basis of national accounting variables, such as value-added, gross output, and gross fixed capital formation.

Data used in this survey is compiled from sources that include:

  • a sample survey of business financial data
  • business financial data from Inland Revenue (IR 10)
  • central government data from the Treasury's Crown Financial Information System
  • superannuation data from the New Zealand Companies Office (Ministry of Business, Innovation, and Employment)
  • local government data from Statistics NZ's local authority statistics
  • not-for-profit data from the Charities Commission.

We would like to thank respondents for their contribution to this survey. We also acknowledge the cooperation of Inland Revenue, the Treasury, and the New Zealand Companies Office for providing administrative data that enables us to lower the size of the postal sample and thereby reduce compliance costs on the business community.

The information contained in the tables in this release is only a sample of the information available. More information is available at www.stats.govt.nz or on request.

More definitions

Australian and New Zealand Standard Industrial Classification 2006 (ANZSIC06): was developed for use in Australia and New Zealand for the production and analysis of industry statistics. From 2007, the AES was designed using ANZSIC06, with some subdivisions and groups re-aggregated to reflect New Zealand operations. 

See industrial classification for more information on ANZSIC06.

Current ratio: current assets divided by current liabilities.

Economically significant: an enterprise that meets at least one of the following criteria:

  • has greater than $30,000 annual GST expenses or sales
  • has RME greater than three (see below for a definition of RME)
  • is in a GST-exempt industry (except residential property leasing and rental)
  • is part of a group of enterprises
  • is a new GST registration that is compulsory, special, or forced
  • is registered for GST and involved in agriculture or forestry.

Employee count (EC): head count of salary and wage earners sourced from taxation data. EC data is available on a monthly basis. This is mostly employees but can include a small number of working proprietors (who pay themselves a salary or wage).

Enterprise: a single business entity operating in New Zealand either as a legally constituted body such as a company, partnership, trust, local or central government trading organisation, incorporated society, or a self-employed individual.

Kind-of-activity unit (KAU): a subdivision of an enterprise engaged in predominantly one activity and for which a single set of accounting records is available. This is the statistical unit used in the AES.

Liabilities structure: shareholders' funds divided by total capital and liabilities.

Margin on sales of goods for resale: sales of goods not further processed less purchases of goods bought for resale, as a percentage of sales of goods not further processed.

Population: the target population for AES is all economically significant businesses operating within New Zealand. However, some industries are excluded on pragmatic grounds.

See the Data quality section for a more detailed definition of the AES population and its industry exclusions.

Quick ratio: current assets less closing stocks divided by current liabilities.

Return on equity: surplus before income tax divided by shareholders' funds.

Return on total assets: surplus before income tax divided by total assets.

Rolling mean employment (RME): a 12-month moving average of the monthly employee count figure.  

Surplus before income tax: total income less total expenditure (+ or - change in stocks).

Surplus per rolling mean employment: surplus before income tax divided by rolling mean employment.

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