Australian fisheries economic indicators report 2013: financial and economic performance of the Torres Strait Prawn Fishery, results for 2010-11 and 2011-12
by
 
SKIRTUN Maggie Ms

Title
Australian fisheries economic indicators report 2013: financial and economic performance of the Torres Strait Prawn Fishery, results for 2010-11 and 2011-12

Series
Australian Fisheries Surveys

Series Issue
April 2015

Publication Date
30/04/2015

Description
The Australian fisheries economic indicators report expands on and takes the place of the former Australian fisheries surveys report. The information and analysis contained in these reports are accessed by policy makers, managers, researchers and industry. Alongside the usual detailed information about the financial performance of the average vessel and the overall economic performance of the fishery, this report also provides analysis of additional economic indicators for the Commonwealth Torres Strait Prawn Fishery (TSPF). The construction of these indicators draw upon the data collected through the fisheries survey program. Together with the financial and economic performance information, these indicators help to form a comprehensive picture of the economic performance of the Torres Strait Prawn Fishery over a number of years. This report presents results of the 2013 Torres Strait Prawn Fishery survey, comprising survey based estimates of financial and economic performance for the 2010-11 and 2011-12 financial years, as well as non-survey based estimates of economic performance for the fishery in the 2012-13 financial year. Other indicators presented in the report include the productivity index, input costs and output prices and management costs. Financial performance * Profit at full equity - an estimate of profits based on all assets being fully owned by operators - was negative for the average vessel in the fishery in 2010-11 and 2011-12, at -$89 491 and -$87 366 respectively. * The change in profit at full equity was primarily attributed to higher cash receipts, which in turn led to higher vessel cash income and higher profit at full equity. Economic performance * The net economic returns (including management costs) remained negative at -$2.1 million in 2010-11 and -$2.7 million in 2011-12. * In 2012-13 preliminary net economic returns were estimated at -$2.3 million using non-survey based methods. * The negative net economic returns from the Torres Strait Prawn Fishery is mainly attributed to the high costs associated with operating in a remote fishery.

Resource URL Description
0 : Australian fisheries economic indicators report 2013 - Torres Strait Prawn Fishery - MS Word [1.0 MB]
 
1 : Australian fisheries economic indicators report 2013 - Torres Strait Prawn Fishery - PDF [1.7 MB]
 
2 : Supporting data tables: Australian fisheries economic indicators report 2013 - Torres Strait Prawn Fishery - MS Excel [0.02 MB]

Resource URL
1027264

Publisher
ABARES : Australian Bureau of Agricultural and Resource Economics and Sciences : Department of Agriculture

Author
SKIRTUN Maggie Ms
 
STEPHAN Mary Ms
 
CURTOTTI Robert Mr
 
MAZUR Kasia Dr

Right Management
Use constraints: copyright
 
Other constraints: Licence type:Copyright
 
Other constraints: All material in this publication is licensed under a Creative Commons Attribution 3.0 Australia Licence, save for content supplied by third parties, logos and the Commonwealth Coat of Arms. Creative Commons Attribution 3.0 Australia Licence is a standard form licence agreement that allows you to copy, distribute, transmit and adapt this publication provided you attribute the work. A summary of the licence terms is available from creativecommons.org/licenses/by/3.0/au/deed.en. The full licence terms are available from creativecommons.org/licenses/by/3.0/au/legalcode.
 
Other constraints: This publication (and any material sourced from it) should be attributed as: Skirtun, M, Stephan, M, Curtotti, R, & Mazur, K 2015, Australian fisheries economic indicators report 2013: financial and economic performance of the Torres Strait Prawn Fishery, Australian Bureau of Agricultural and Resource Economics and Sciences, Canberra, April

Identifier
ISBN 978-1-74323-234-7
 
ISSN 2204-9444

Asset Name
pb_ptspfd9aame20150430_11a