Business Finance in New Zealand 2004
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1 Business Finance in New Zealand 2004
2 Published in October 2005 by Statistics New Zealand Tatauranga Aotearoa Wellington, New Zealand Ministry of Economic Development Manatü Öhanga Wellington, New Zealand ISBN Recommended retail price $35.00 (including GST)
3 Business Finance in New Zealand 2004 Preface The information presented in this report was collected in the Business Finance Survey conducted by Statistics New Zealand in August 2004 and sponsored by the Ministry of Economic Development. The information is intended to signifi cantly enhance the understanding of New Zealand fi rms fi nance experiences and their fi nancial position. Focussing on the demand for fi nance allows policy makers, fi nancial institutions and other business service providers to assess the current fi nancial preferences and needs of New Zealand businesses. It is important that the performance of the country s financial system is monitored. A fi nancial system that provides fi rms with adequate access to fi nance is crucial to a country s economic development. An effi cient fi nancial system mobilises saving, encourages business growth, promotes innovation, and facilitates risk sharing. These functions, in turn, improve the allocation of resources within the economy and the long-term rate of economic growth. This report is the second release of Business Finance Survey 2004 data by Statistics New Zealand. It follows on from the initial release of high-level results made on 2 May Statistics New Zealand and the Ministry of Economic Development are grateful for the cooperation of the businesses that participated in the Business Finance Survey. The information provided by each business is crucial to providing accurate and relevant information on the financial experiences of New Zealand businesses, which in turn informs policy advice on New Zealand s financial system. Brian Pink Government Statistician Statistics New Zealand Geoff Dangerfi eld Chief Executive Ministry of Economic Development iii
4
5 Business Finance in New Zealand 2004 Acknowledgement This report was prepared by the Business Performance unit of Statistics New Zealand in conjunction with the Industry and Regional Development branch of the Ministry of Economic Development. Further information For further information on the statistics in this report, or on other reports or products, contact Statistics New Zealand s Information Centre. Visit our website: or us at: info@stats.govt.nz or phone toll free: Auckland Private Bag Phone Fax Wellington PO Box 2922 Phone Fax Christchurch Private Bag 4741 Phone Fax Information Centre Your gateway to Statistics New Zealand Statistics New Zealand collects more than 60 million pieces of information each year. New Zealanders tell us how and where they live and about their work, spending and recreation. We also collect a complete picture of business in New Zealand. This valuable resource is yours to use. But with all the sophisticated options available, fi nding exactly what you need can sometimes be a problem. Giving you the answers Our customer services staff can provide the answers. They are the people who know what information is available and how it can be used to your best advantage. Think of them as your guides to Statistics New Zealand. They operate a free enquiry service where answers can be quickly provided from published material. More extensive answers and customised solutions will incur costs, but we always give you a free, no-obligation quote before going ahead. Liability statement Statistics New Zealand gives no warranty that the information or data supplied in this report is error free. All care and diligence has been used, however, in processing, analysing and extracting information. Statistics New Zealand will not be liable for any loss or damage suffered by customers consequent upon the use, directly or indirectly, of information in this report. Reproduction of material Any table or other material published in this report may be reproduced and published without further licence, provided that it does not purport to be published under government authority and that acknowledgement is made of this source. v
6 Business Finance in New Zealand 2004 Standards Percentage changes Percentage movements are, in a number of cases, calculated using data of greater precision than published. This could result in slight variations. Rounding procedures On occasion, fi gures are rounded to the nearest thousand or some other convenient unit. This may result in a total disagreeing slightly with the total of the individual items as shown in tables. Where fi gures are rounded the unit is in general expressed in words below the table headings, but where space does not allow this the unit may be shown as (000) for thousands etc. Changes of base Where consecutive fi gures have been compiled on different bases and are not strictly comparable, a footnote is added indicating the nature of the difference. Source All data is compiled by Statistics New Zealand, except where otherwise stated. Symbols The interpretation of the symbols used throughout this report is as follows: C confi dential R revised - nil or zero vi
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