Business growth continues in 2012
30 August 2013
Total income for New Zealand businesses increased 5.9 percent in the 2012 financial year, Statistics New Zealand said
Total income for all businesses was $610.6 billion, following a 4.9 percent increase in the 2011 financial year. Income
from sales of goods and services (up $19.0 billion or 4.3 percent) contributed most to the increase in total income. The
second-largest contributor to the increase was interest, dividends, and donations (up $14.1 billion or 26.0 percent),
largely due to inter-company dividend transactions.
“All broad industry groups showed growth in the 2012 financial year, continuing the recovery after the 2010 decline,"
industry and labour statistics manager Louise Holmes-Oliver said. "The sales increases in the wholesale, and retail
trade industries were particularly strong."
For the wholesale trade industry total income was up $3.9 billion (5.1 percent). For the retail trade and accommodation
industry the increase was $2.6 billion (4.1 percent). However, the largest increase in total income came from the
financial and insurance services industry, up $17.9 billion (28.4 percent) due to inter-company dividend transactions.
Total expenditure for all businesses increased to $551.1 billion in the 2012 financial year (up 3.2 percent). This
followed a 7.2 percent increase in the 2011 financial year.
Surplus before income tax increased to $59.8 billion in 2012, up 33.4 percent from $44.8 billion in the 2011 financial
year. This was primarily due to a larger increase in total income (up $34.1 billion) compared with a $17.1 billion
increase in total expenditure.
The Annual Enterprise Survey (AES) is Statistics New Zealand’s most comprehensive source of financial statistics. It
provides annual financial performance and position information about businesses operating in New Zealand. The industries
covered in AES contribute approximately 90 percent of New Zealand’s gross domestic product.
Statistics NZ encourages the wider use of the AES data for business decision-making or economic-policy formation.
• See industry benchmarks
for statistics we produce with Inland Revenue that are linked with AES.