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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!