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Annual Enterprise Survey: 2013 financial year (provisional)
Embargoed until 10:45am  –  29 August 2014
Commentary

The Annual Enterprise Survey (AES) is Statistics New Zealand’s most comprehensive source of financial statistics.

See data quality for information on what the survey measures and where the data is collected from.

Summary results for all industries

Total sales of all industries increased 1.4 percent (to $531,501 million) in the 2013 financial year. In 2012, the increase was 4.2 percent. Total sales consists of sales of goods and services, and government funding and grants and subsidies.

Total income for all industries decreased 0.1 percent (to $610,999 million) in the 2013 financial year. Income from sales was up $7,213 million (1.4 percent). Income from interest, dividends, and donations received decreased  $9,169 million (13.4 percent), following a large rise in inter-company transactions in 2012 ($14,117 million). 

Total expenditure for all industries decreased 0.9 percent, to $547,865 million. Total expenditure dropped due to the large decrease in non-operating expenditure of $8,342 million (31.9 percent). Partly offsetting this fall were rises in purchases (up $1,901 million or 0.5 percent), and salaries and wages (up $2,988 million or 3.0 percent).

Salaries and wages paid across all industries increased $2,988 million (3.0 percent) in 2013. This compares with a $4,171 million (4.4 percent) increase in the 2012 financial year.

Surplus before income tax (total income less total expenditure plus change in stocks), was $63,611 million for all industries in the 2013 financial year. This was up $4,646 million (7.9 percent) from 2012, due to a larger decrease in total expenditure (down $4,879 million) than total income (down $335 million) for 2013.

Total assets increased slightly between the 2012 and 2013 financial years, up just 0.3 percent ($5,312 million). Fixed tangible assets was the main contributor to the rise, up $11,562 million (2.2 percent). However, it was almost offset by a fall in current assets of $8,131 million (1.6 percent).

Overall sales growth continues in 2013

Twelve of the 16 broad industry groups had increases in income from sales in the 2013 financial year.

Graph, Change in sales by industry group, change from previous financial year, 2012 and 2013.

The four industry groups with the most-significant increases in sales in 2013 were:

  • construction – up $2,814 million (8.3 percent)
  • retail trade and accommodation – up $1,940 million (2.9 percent)
  • professional, scientific, technical, administrative, and support services – up $1,312 million (3.7 percent)
  • rental, hiring, and real estate services – up $671 million (3.6 percent).

The two industry groups with the most-significant decreases in sales were:

  • agriculture – down $887 million (2.7 percent)
  • manufacturing – down $811 million (0.83 percent).

Construction industry leads growth in 2013

Construction sales increased 8.3 percent (up $2,814 million) in the 2013 financial year. This industry has experienced strengthening growth for the last three years, following falls before that.

Graph, Change in sales for construction, 2009 to 2013 financial years.  

In 2013, heavy and civil construction contributed the largest increase to construction sales. The second-and third-largest contributors were residential building construction and construction services. This activity was reflected in the value of building work put in place to March 2013, as measured by our Quarterly Building Activity Survey.

Graph, Change in sales for construction industries, change from previous financial year, 2012 and 2013.

Agriculture, forestry, and fishing growth slows further in 2013

Agriculture, forestry, and fishing sales decreased 2.7 percent ($887 million) in the 2013 financial year. This industry had shown growth in 2012, when sales increased 5.5 percent ($1,714 million).

Graph, Change in sales for agriculture, forestry, and fishing, 2009 to 2013 financial years.

In 2013, sheep, beef and grain farming contributed the largest decrease to sales, down $583 million (6.5 percent). The second-largest contributor was dairy cattle farming, with sales dropping $461 million (3.8 percent). Export prices and output prices, for both meat and dairy products, fell significantly in the 2013 year.

Graph, Change in sales for agriculture, forestry, and fishing industries, change from previous financial year, 2012 and 2013.

See the Excel tables in the 'Downloads' box for more detailed data. 

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