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 bankStatistics 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 variablesTo cover the needs of National Accounts:

Income statementNet turnover+Other operating income-Operating costs excluding employee benefit

expenses and depreciation- Employee benefit expenses-Depreciation and impairment____=Operating profit

Content of variablesTo get profit statistics we have to add:

+Financial income-Financial costs =Net profit

Content of variablesTo calculate key ratios we also need:

Balance SheetInventoryCurrent assetsEquityUntaxed reservesCurrent liabilitiesBalance 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!