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According to the results of the 2011 Annual Survey of Economic Activities ˇV Information and Communications, Financing and Insurance, Professional and Business Services Sectors released today (November 30) by the Census and Statistics Department (C&SD), the total receipts (comprising business receipts and other income) of the information and communications; financing; insurance; professional, scientific and technical activities; and administrative and support service activities sectors taken together amounted to $1,365.2 billion in 2011, representing an increase of 4.6% compared with 2010; on a per establishment basis, total receipts of these sectors decreased slightly by 0.5% compared with 2010 to $25.8 million in 2011.
For all the afore-mentioned industry sectors taken together, operating expenses and compensation of employees altogether amounted to $700.8 billion in 2011, representing an increase of 12.4% compared with 2010; on a per establishment basis, they increased by 6.8% compared with 2010 to $13.2 million in 2011.
Gross surplus, which is equal to total receipts less operating expenses, compensation of employees and value of purchases of goods for sale, of the information and communications; financing (except banking); professional, scientific and technical activities; and administrative and support service activities sectors taken together decreased by 6.7% over 2010 to $307.0 billion in 2011; on a per establishment basis, gross surplus decreased from $6.9 million in 2010 to $6.1 million in 2011. Gross surplus accounted for 37.1% of total receipts for all these sectors taken together in 2011, down by 4.6 percentage points over 2010.
Value added of the information and communications; financing (except banking); professional, scientific and technical activities; and administrative and support service activities sectors taken together, which provides a measure of their total contribution to Hong Kongˇ¦s Gross Domestic Product (GDP), increased by 2.7% compared with 2010 to $233.1 billion in 2011; on a per establishment basis, the value added was $5.0 million in 2011, which decreased by 2.4% compared with 2010.
In compiling gross surplus and value added of the banking and insurance activities, other data sources are required to supplement data collected through this survey and these statistics are compiled under the framework of GDP. Statistics on value added of the above activities compiled under the framework of GDP will be released in February 2013.
The information and communications; financing; insurance; professional, scientific and technical activities; and administrative and support service activities sectors taken together comprised some 53 000 establishments and engaged about 671 000 persons, or an average of 12.7 persons per establishment, in 2011.
Amongst these industry sectors, the financing (except banking) industry recorded the largest total receipts in 2011, followed by the banking and insurance industries. The other industry sectors in descending order in terms of total receipts were information and communications; administrative and support service activities; and professional, scientific and technical activities.
In the financing (except banking) industry, total receipts amounted to $445.0 billion while operating expenses and compensation of employees totalled $196.9 billion in 2011. Gross surplus decreased from $274.4 billion in 2010 to $248.1 billion in 2011, accounting for 55.8% of total receipts in 2011. Value added decreased by 7.8% compared with 2010 to $74.8 billion in 2011.
In the banking industry, total receipts amounted to $281.1 billion while operating expenses and compensation of employees totalled $157.8 billion in 2011.
In the insurance industry, total receipts amounted to $255.8 billion while operating expenses and compensation of employees totalled $33.2 billion in 2011.
In the information and communications sector, total receipts amounted to $149.1 billion while operating expenses and compensation of employees totalled $110.3 billion in 2011. Gross surplus increased from $26.7 billion in 2010 to $28.6 billion in 2011, accounting for 19.2% of total receipts in 2011. Value added increased by 11.2% compared with 2010 to $59.6 billion in 2011.
In the administrative and support service activities, total receipts amounted to $124.8 billion while operating expenses and compensation of employees totalled $115.3 billion in 2011. Gross surplus decreased from $9.3 billion in 2010 to $9.0 billion in 2011, accounting for 7.2% of total receipts in 2011. Value added increased by 4.8% compared with 2010 to $40.7 billion in 2011.
In the professional, scientific and technical activities, total receipts amounted to $109.4 billion while operating expenses and compensation of employees totalled $87.3 billion in 2011. Gross surplus increased from $18.7 billion in 2010 to $21.3 billion in 2011, accounting for 19.4% of total receipts in 2011. Value added increased by 8.7% compared with 2010 to $58.0 billion in 2011.
Selected statistics for the information and communications, financing and insurance, professional and business services sectors, with breakdowns by industry grouping, are shown in the attached table.
More detailed statistics on the information and communications, financing and insurance, professional and business services sectors will be given in the report "Key Statistics on Business Performance and Operating Characteristics of the Information and Communications, Financing and Insurance, Professional and Business Services Sectors in 2011". Users can download this report (in PDF format) free of charge at the website of C&SD (www.censtatd.gov.hk/hkstat/sub/sp350.jsp?productCode=B1080013) as from end-December 2012.
For enquiries about the key statistics on business performance and operating characteristics of the information and communications, financing and insurance, professional and business services sectors, please contact the Business Services Statistics Section of the C&SD (Tel: 2894 8149 or e-mail: business-services@censtatd.gov.hk).
Ends/Friday, November 30, 2012
Issued at HKT 16:30
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