XN000022-1995-07-03 — Page 5

Results of the 1993 Survey of Transport

The business receipts and other income, i.e. total receipts, generated by transport establishments in 1993 amounted to $191.6 billion, representing an increase of 16% over 1992.

Net of operating expenses and compensation of employees, the gross surplus accounted for 13.9% of the total receipts. This was 0.7 percentage point higher than the figure for 1992.

The value added, which is a measure of the sector's contribution to Hong Kong's Gross Domestic Product, grew by 11%, from $48.0 billion in 1992 to $53.2 billion in 1993.

These are some of the major findings of the 1993 Survey of Transport and Related Services released today (Monday) by the Census and Statistics Department. The survey was conducted from May 1994 to early 1995.

All value figures in this press release are expressed in current price terms. Percentage changes derived from these figures have not been adjusted for price changes. Caution should therefore be taken in interpreting the survey results.

The operating expenses incurred by transport establishments in 1993 accounted for 72.3% of the total receipts. Compared with 1992, this decreased by 0.6 percentage point.

The compensation of employees accounted for 13.8% of the total receipts. This remained virtually unchanged at the 1992 level.

The survey results showed that some 42,000 transport establishments were in operation in 1993, an increase of 5% over 1992.

Within the transport sector, air transport and land passenger transport accounted for the largest share of value added in 1993, both accounting for 22% of the sector's total. These were followed by ocean and coastal water transport (18%), services- incidental to transport (13%) and land freight transport (13%). Supporting services to water transport, inland water transport and supporting services to land transport accounted for the remaining 12%.

Compared with 1992, the share attributed to land freight transport rose by 0.9 percentage point, representing a percentage increase of 7%. This was due to the continued growth in cross-border transport of goods vehicles.