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 groups NACE 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 costs Competence Start up costs Data collection Regular annual costs 2 400 000 Methodology 300 000 830 000 IT 400 000 830 000 Knowledge of subject matter Total 100 000 2 300 000 800 000 6 360 000 Thank you for your attention!