quarterly structural business statistics project financed by the national bank 2010
TRANSCRIPT
Quarterly Structural Business Statistics
Project financed by the National bank
2010
Background
Financial crisis 2009 needs for new statistics
Questions:- Underlying structural problems?- Access to capital?
The Swedish Committee on Finance
The National bank
Statistics Sweden
Task
• Investigate the possibility to collect income- and balancesheet data on a quarterly basis
Sub goals:• Profits• Key ratios• Cash flow analysis • Size class
Proposal for survey design
Steps on the way
• Project starts in April 2010
• Study of profit statistics• Study of quarterly reports from 15 large enterprise
groups• User contacts• Methodological tests
• Project formally ends in October 2010• Measurement test in January 2011
Test of approaches
• Varying needs from different users
• Test of 3 different approaches: National Accounts track (NA track) Size class track Cash flow track
NA track!
Content of variables
To cover the needs of National Accounts:
Income statement
Net turnover
+Other operating income
-Operating costs excluding employee benefit expenses and depreciation
- Employee benefit expenses
-Depreciation and impairment____
=Operating profit
Content of variables
To get profit statistics we have to add:
+Financial income
-Financial costs
=Net profit
Content of variables
To calculate key ratios we also need:
Balance Sheet
Inventory
Current assets
Equity
Untaxed reserves
Current liabilities
Balance sheet total
Design according to the NA track
• 12 industrial groups (NACE)
• Stratification on NACE (level of characters)
• Allocation variable: net turnover
• Cut-off: enterprises < 20 employees
• Totally surveyed: > 249 employees
• Sample size: 4 600 enterprises (2,5% precision)
Industrial groupsNACE code Industry description
05-09 Mining and quarrying
10-12 Food products, beverages and tobacco
13-18 Textiles, leather, wood, paper and graphic industry
19-24 Petroleum, chemical, pharmaceutical, rubber, mineral, steel etc.
25-33 Metal goods, electronics, transport industry, furniture etc.
35-39 Electric- /waterworks, sewage-treatment, waste management
41-43 Construction
45-47 Wholesale and retail trade, repair of vehicles and motorcycles
49-56 Transport, storage, postage, hotel and restaurant operations
58-68 Information/ comm., financial/insurance , real estate services
69-82 Consultancy, research, rentals, staffing- and business services
85-96 Education, healthcare, culture, leisure activities, gambling etc.
Estimated costsCompetence Start up costs Regular annual costs
Data collection 2 400 000
Methodology 300 000 830 000
IT 400 000 830 000
Knowledge of subject matter
100 000 2 300 000
Total 800 000 6 360 000
Thank you for your attention!