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According to the results of the 2012 Annual Survey of Economic Activities - Information and Communications, Financing and Insurance, Professional and Business Services Sectors released today (November 29) 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 $1,422.2 billion in 2012, representing an increase of 4.2% compared with 2011; on a per establishment basis, total receipts of these sectors increased by 1.8% compared with 2011 to $26.2 million in 2012.
For all the afore-mentioned industry sectors taken together, operating expenses and compensation of employees altogether amounted to $709.7 billion in 2012, representing an increase of 1.3% compared with 2011; on a per establishment basis, they decreased by 1.0% compared with 2011 to $13.1 million in 2012.
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 14.4% over 2011 to $262.8 billion in 2012; on a per establishment basis, gross surplus decreased from $6.1 million in 2011 to $5.1 million in 2012. Gross surplus accounted for 33.4% of total receipts for all these sectors taken together in 2012, down by 3.7 percentage points over 2011.
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 Kong's Gross Domestic Product (GDP), increased by 1.3% compared with 2011 to $236.1 billion in 2012; on a per establishment basis, the value added was $4.9 million in 2012, which decreased by 1.1% compared with 2011.
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 2014.
The information and communications; financing; insurance; professional, scientific and technical activities; and administrative and support service activities sectors taken together comprised about 54 000 establishments and engaged about 678 000 persons, or an average of 12.5 persons per establishment, in 2012.
Amongst these industry sectors, the financing (except banking) industry recorded the largest total receipts in 2012, followed by the insurance and banking 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 $375.7 billion while operating expenses and compensation of employees totalled $179.4 billion in 2012. Gross surplus decreased from $248.1 billion in 2011 to $196.3 billion in 2012, accounting for 52.3% of total receipts in 2012. Value added decreased by 14.2% compared with 2011 to $64.2 billion in 2012.
In the insurance industry, total receipts amounted to $330.1 billion while operating expenses and compensation of employees totalled $37.8 billion in 2012.
In the banking industry, total receipts amounted to $304.2 billion while operating expenses and compensation of employees totalled $162.0 billion in 2012.
In the information and communications sector, total receipts amounted to $160.5 billion while operating expenses and compensation of employees totalled $110.4 billion in 2012. Gross surplus increased from $28.6 billion in 2011 to $36.1 billion in 2012, accounting for 22.5% of total receipts in 2012. Value added increased by 14.4% compared with 2011 to $68.2 billion in 2012.
In the administrative and support service activities, total receipts amounted to $133.7 billion while operating expenses and compensation of employees totalled $125.1 billion in 2012. Gross surplus decreased from $9.0 billion in 2011 to $8.3 billion in 2012, accounting for 6.2% of total receipts in 2012. Value added increased by 3.4% compared with 2011 to $42.0 billion in 2012.
In the professional, scientific and technical activities, total receipts amounted to $118.0 billion while operating expenses and compensation of employees totalled $95.0 billion in 2012. Gross surplus increased from $21.3 billion in 2011 to $22.2 billion in 2012, accounting for 18.8% of total receipts in 2012. Value added increased by 6.4% compared with 2011 to $61.7 billion in 2012.
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 2012". 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 2013.
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 email: business-services@censtatd.gov.hk).
Ends/Friday, November 29, 2013
Issued at HKT 16:30
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