Caoimhghín Ó Caoláin
Ceist:17. Deputy Caoimhghín Ó Caoláin asked the Minister for Jobs, Enterprise and Innovation the profit-to-employee ratio for multinational corporations here and across the EU. [24454/13]
Amharc ar fhreagraWednesday, 22 May 2013
Ceisteanna (17)
Freagraí scríofa
Gross operating surplus is the balance available to an enterprise which allows it to provide a return to shareholders, to pay taxes and to finance all or part of its investment. Gross operating surplus as a percentage of turnover is a measure of the profitability for an enterprise.
The Central Statistics Office published in November 2012 a report “Business in Ireland 2010”, in which 12.9% of turnover was reported as the gross operating surplus for enterprises across all sectors in the economy, higher than the EU average of 9.2%. The figure for gross operating surplus was reduced significantly to 7.7% when foreign owned multinationals were removed from data analysis.
Turnover per person is a simple measurement of labour productivity, in 2010 the CSO reported that for all enterprises in Ireland turnover per person was almost €261,000 however this figure also falls significantly to €155,000 when foreign multinationals are excluded.
It was estimated by the CSO from the Structural Business Surveys that over 3100 or 1.9% of the 161,200 enterprises in the selected sectors of the business economy in Ireland were foreign–owned in 2010. Despite the small number of foreign owned enterprises, they were very significant in terms of employment, turnover and Gross Value Add. They employed almost 257,000 or 22.3% of the 1,151,000 person in the selected sectors. They also generated almost €164 billion or 54% of the €296.5billion in total turnover and over €44 billion or 55.6% of the €79.2 billion in total Gross Value Add.