XN000022-1994-06-08 — Page 7

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WEDNESDAY, JUNE 8, 1994

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THE VALUE ADDED CONTENT OF THE GROSS OUTPUT PERFORMED BY THESE ESTABLISHMENTS AMOUNTED TO 30.3%, COMPRISING 24.3% FOR COMPENSATION OF EMPLOYEES AND PAYMENTS TO LABOUR-ONLY SUB-CONTRACTORS AND 6.0% FOR GROSS OPERATING SURPLUS.

COMPARED WITH 1991, THE FORMER PROPORTION AND THE LATTER DECREASED BY 0.4 PERCENTAGE POINT.

THE SURVEY RESULTS ALSO SHOWED 'THAT ESTABLISHMENTS OPERATED IN 1992.

REMAINED UNCHANGED

15,200 CONSTRUCTION

IN

SOME 39.6% OF THE CONSTRUCTION ESTABLISHMENTS WERE ENGAGED DECORATION, REPAIR AND MAINTENANCE OF ERECTED BUILDINGS AND STRUCTURES. THEY ACCOUNTED FOR $14.8 BILLION OR 12.0% OF THE GROSS OUTPUT.

AT

ON THE OTHER HAND, THE GENERAL TRADE CONTRACTORS OPERATING CONSTRUCTION SITES, THOUGH ONLY ABOUT 6.1% OF THE ESTABLISHMENTS, ACCOUNTED FOR $73.3 BILLION OR 59.5% OF THE GROSS OUTPUT.

THE REST OF THE CONSTRUCTION ESTABLISHMENTS CONSISTED MOSTLY OF SPECIAL TRADE CONTRACTORS, SUCH AS CONTRACTORS SPECIALISING IN ELECTRICAL AND MECHANICAL FITTINGS.

THESE CONTRACTORS CONSTITUTED 54.3% OF THE ESTABLISHMENTS IN THIS INDUSTRIAL SECTOR, AND ACCOUNTED FOR 28.5% OF THE GROSS OUTPUT.

THE SURVEY DID NOT COVER LABOUR-ONLY SUB-CONTRACTORS WHO MAINLY SUPPLIED LABOUR TO WORK ON A JOB-TO-JOB BASIS.

HOWEVER, THE GROSS VALUE OF CONSTRUCTION WORK PERFORMED BY THESE SUB-CONTRACTORS HAD ALREADY BEEN INCLUDED IN THAT OF THOSE CONTRACTORS COMMISSIONING THEIR SERVICES.

APART FROM CONSTRUCTION ESTABLISHMENTS, THE SURVEY ALSO ENUMERATED ESTABLISHMENTS ENGAGED IN (I) REAL ESTATE DEVELOPMENT, LEASING, BROKERAGE AND MAINTENANCE MANAGEMENT SERVICES, AND (II) ARCHITECTURAL, SURVEYING AND PROJECT ENGINEERING SERVICES.

THE GROSS OUTPUT PERFORMED BY ESTABLISHMENTS ENGAGED

IN REAL ESTATR DEVELOPMENT, LEASING, BROKERAGE AND MAINTENANCE MANAGEMENT SERVICES AMOUNTED TO $73.7 BILLION IN 1992, REPRESENTING AN INCREASE OF 24.1% OVER 1991.

THIS COMPRISED $33.1 BILLION FOR SERVICE AND RENTAL INCOME, $39.6 BILLION FOR THE GROSS MARGIN OF REAL ESTATE DEVELOPMENT PROJECTS (EXCLUDING LAND PRICE APPRECIATION) AND $1.0 BILLION FOR OTHER INCOMES.

THE

GROSS

OPERATING SURPLUS AMOUNTED TO 79.3% OF THE GROSS OUTPUT IN 1992. THIS WAS 1.2 PERCENTAGE POINTS HIGHER THAN THE FIGURE OF 78.1% FOR 1991.

THE TOTAL OPERATING EXPENDITURE ACCOUNTED FOR 20.7% OF THE GROSS OUTPUT. DECREASED BY 1.2 PERCENTAGE POINTS.

OF THESE ESTABLISHMENTS COMPARED WITH 1991,

THIS

/THE TOTAL