KEY POINTS:
All the money New Zealand businesses earned in the 2007 financial year would have been just over half that needed for the US$700 billion ($1.08 trillion) financial crisis bailout.
According to latest figures from Statistics New Zealand, the total income for all NZ businesses in the 2007 financial year increased 6.3 per cent to $523.9 billion.
It was down on the 6.9 per cent increase in 2006.
Government Statistician Geoff Bascand said industries covered in the Annual Enterprise Survey contribute about 90 per cent of New Zealand's gross domestic product. The data came from Inland Revenue, Treasury, local government and a sample survey of business financial data.
The survey found sales of goods and services increased by 4.2 per cent to $400 billion in 2007, following a 6.1 per cent increase in 2006.
Total expenditure increased to $464.2 billion in 2007, up 4.5 per cent.
The two largest items of expenditure were purchases, and salaries and wages. Purchases and other operating expenditure increased 4.3 per cent to $296.1 billion in 2007, after an increase of 4.8 per cent in 2006.
Salaries and wages paid to employees increased by 6.4 per cent to $72 billion, following a 7.7 per cent increase in 2006.
Surplus before income tax increased to $65.8 billion in 2007, up $11.4 billion (20.9 per cent) from the 2006 financial year.
- NZPA
