Cover image for FinEconPerfETBF20160419_v1.0.0.docx
FinEconPerfETBF20160419_v1.0.0.docx
Resource Name:
FinEconPerfETBF20160419_v1.0.0.docx
File Size:
2.85 MB
Resource Type:
Word 2007 OOXML Documents
Metadata
Title:
Australian fisheries economic indicators report 2014: Financial and economic performance of the Eastern Tuna and Billfish Fishery
Series:
Australian Fisheries Surveys
Series Issue:
April 2016
Publication Date:
19/04/2016
Description:
The Australian fisheries economic indicators report expands on and takes the place of the long running ABARES 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 Eastern Tuna and Billfish Fishery (ETBF). 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 ETBF over a number of years. This report presents results of the 2014 Eastern Tuna and Billfish Fishery survey, comprising survey based estimates of financial and economic performance for the 2011-12 and 2012-13 financial years, as well as non-survey based estimates of economic performance for the fishery in the 2013-14 financial year. Other indicators presented in the report include the productivity index, input costs and output prices and management costs. Key issues * Profit at full equity, a profit indicator that assumes all assets are fully owned by operators, for the average ETBF operator was positive in 2011-12 and 2012-13, but declined for the average boat in the fishery from $139 612 to $86 492. * The decline in profit at full equity is primarily attributable to higher total cash costs, driven by increased spending on fuel. * Net economic returns (including management costs) for the fishery fell from $2.9 million in 2011-12 to $0.2 million in 2012-13. * Lower net economic returns in 2012-13 were mainly a result of a larger decline in fishing income relative to falling fishing costs, reflecting less vessels operating in the fishery in 2012-13. * In 2013-14 the preliminary net economic returns were estimated to fall further to $0.1 million. The estimated slight reduction in net economic returns in 2013-14 is mostly driven by higher operating costs and a relatively small increase in fishing income.
Resource URL Description:
0 : Australian fisheries economic indicators report 2014: Financial and economic performance of the Eastern Tuna and Billfish Fishery - MS Word [2.8 MB]

1 : Australian fisheries economic indicators report 2014 : Financial and economic performance of the Eastern Tuna and Billfish Fishery - PDF [3.2 MB]

2 : Supporting data tables: Australian fisheries economic indicators report 2014 : Financial and economic performance of the Eastern Tuna and Billfish Fishery - MS Excel [0.07 MB]
Publisher:
ABARES : Australian Bureau of Agricultural and Resource Economics and Sciences : Department of Agriculture
Author:
BATH Andrea

SKIRTUN Maggie

GREEN Richard
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: Bath, A, Skirtun, M & Green, R 2016, Australian fisheries economic indicators report 2014: financial and economic performance of the Eastern Tuna and Billfish Fishery, ABARES, Canberra, April. CC BY 3.0
Identifier:
ISBN 978-1-74323-284-2

ISSN 2204-9444
Asset Name:
pb_etbfd9aame20160419