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In 2004, the Information and Communications
(Info & Comm) services industry1 comprised a total of 5,800
establishments. The industry employed some 53,400 workers, or an average
of 9 workers per establishment. |
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I. ECONOMIC PERFORMANCE |
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Total operating receipts generated by the
Info & Comm services industry was $20.8 billion in 2004, 6.7 per cent
higher compared with the previous year. However, on a per establishment
basis, operating receipts dropped slightly by 0.7 per cent to $3.6
million in 2004. |
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Total operating expenditure incurred in 2004
was $18.4 billion, an increase of 6.4 per cent over 2003. Operating
expenditure per establishment, however, decreased by 1.0 per cent to
$3.2 million during the same period. |
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Total operating surplus rose by 4.9 per cent
from $3.6 billion in 2003 to $3.8 billion in 2004. Operating surplus per
establishment, however, dropped by 2.5 per cent to $660,100 in 2004. |
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Total value added of the Info & Comm
services industry increased by 3.1 per cent to reach $7.0 billion in
2004. On a per establishment basis, value added declined by 4.2 per cent
from $1.3 million in 2003 to $1.2 million in 2004. |
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II. MAIN ACTIVITIES IN INFO & COMM
SERVICES |
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Firms engaged in Information Technology (IT)
services, which constituted nearly two-thirds of the total
establishments in Info & Comm services, had the largest employment share
(45.2 per cent of the industry¡¯s total employment) in 2004 (Chart 1).
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On a per establishment basis, however,
telecommunications firms were the largest employer, hiring an
average of 28 workers. |
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In terms of operating receipts and
value added, the ¡°telecommunications¡± segment was the largest
contributor, accounting for 34.7 per cent and 50.8 per cent of the
respective total values in the Info & Comm services industry
(Chart 2). |
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Publishing services also contributed a
significant 28.4 per cent of the industry¡¯s operating receipts and
11.5 per cent of the industry¡¯s value added. |
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In 2004, remuneration and purchases of
goods and materials were among the top five business cost items
across all the segments in Info & Comm services industry (Table
1). In particular, these two business cost items made up more than
half the ¡°IT services¡± segment¡¯s total operating expenditure. |
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For firms engaged in publishing and
other information services, expenses like royalties were their top
business cost items, accounting for 53.3 and 28.5 per cent of the
respective segment¡¯s total operating expenditures. |
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III. KEY PERFORMANCE RATIOS |
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Profitability Ratio of the
¡°telecommunications¡± segment continued to be the highest at 37.3
per cent in 2004 (Chart 3). |
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Cost Effectiveness, as measured by the
earnings-expenditure ratio, was 48.9 per cent for the
¡°telecommunications¡± segment in 2004. This was lower than the 50.4
per cent registered in 2003, due to lower operating surplus and
higher operating expenditure. |
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Nevertheless, telecommunications
services continued to be most cost efficient among the major Info
& Comm services segments (Chart 4). |
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Average Annual Remuneration per
Employee was the highest for employees in the ¡°IT services¡±
segment (Table 2). They received an average annual remuneration of
$67,100 in 2004, higher than the industry¡¯s average of $60,500.
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Value Added per Worker was $131,700
for the Info & Comm services industry in 2004, slightly lower than
the $132,700 registered in 2003. |
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Telecommunications firms continued to
record the highest average value added of $237,200 per worker
within the Info & Comm services (Chart 5). This was followed by
firms in publishing which reported an average value added of
$137,800 per worker. |
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IV. PERFORMANCE BY FIRM SIZE |
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Small firms (i.e. less than 10
workers) formed the majority (88.7 per cent) in the Info & Comm
services industry in 2004 (Table 3). However, large firms (100
workers & above) which constituted only 1.3 per cent, contributed
the most to total operating receipts (77.1 per cent). This group¡¯s
value added per worker was also the highest at $180,700 in 2004. |
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More..... |
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1 Based on Singapore
Standard Industrial Classification (SSIC) 2005, which comprises
publishing activities, motion picture, radio, TV, sound recording
& broadcasting activities, telecommunications, Information
Technology (IT) and other information services. Detailed list of
activities in this industry is provided in the Explanatory Note. |
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Source:
www.singstat.gov.sg Media
Release 13 Jul 2006 |
SingaporeUpdate.com All Rights Reserved
Key Survey Findings on Information &
Communications Services 2004