Quarterly Structural Business Statistics

1. Quarterly Structural Business Statistics Project financed by the National bank 2010

2. 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

3. 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

4. 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

5. 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!

6. 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

7. Content of variables To get profit statistics we have to add: +Financial income -Financial costs =Net profit

8. Content of variables To calculate key ratios we also need: Balance Sheet Inventory Current assets Equity Untaxed reserves Current liabilities Balance sheet total

9. 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)

10. Industrial groups

11. Estimated costs

12. Thank you for your attention!