Improving the breakdown of the Central Credit Register data by category of enterprises

Transcription

1 Improving the breakdown of the Central Credit Register data by category of enterprises Workshop on Integrated management of micro-databases Deepening business intelligence within central banks statistical systems Porto June 2013 Villetelle, Jean-Pierre CompaniesObservatory, Banque de France 1 Presentation 1. Definitions 2. Results 3. Conclusion 2 1

2 Presentation 1. Definitions 2. Results 3. Conclusion 3 Definitions of «enterprise» (1/2) From administrative sources: legal units From the Council Regulation (EEC) No 696/93 of 15 March 1993 on the statistical units for the observation and analysis of the production system in the Community : The enterprise is the smallest combination of legal units that is an organizational unit producing goods or services, which benefits from a certain degree of autonomy in decision-making, especially for the allocation of its current resources. An enterprise carries out one or more activities at one or more locations. An enterprise may be a sole legal unit. (Section III.A) 4 2

3 1. Definitions of «enterprise» (2/2) The enterprise thus defined is an economic entity which can therefore, under certain circumstances, correspond to a grouping of several legal units. Some legal units, in fact, perform activities exclusively for other legal units and their existence can only be explained by administrative factors (e.g. tax reasons), without them being of any economic significance. A large proportion of the legal units with no persons employed also belongs to this category. In many cases, the activities of these legal units should be seen as ancillary activities of the parent legalunittheyserve,towhichtheybelongandtowhichtheymustbeattachedto form an enterprise used for economic analysis. 5 Ex. From 9 legal units to three enterprises Paris, 17 octobre L Observatoire des entreprises Banque de France direction des Entreprises 6 3

4 The 2008 Law in France definitions and categories (1/2) The Law for Modernizing the Economy (Loi de Modernisation de l économie (LME), art. 51. The Statistical Decree Décret n du 18 décembre 2008 relatif aux critères permettant de déterminer la catégorie d'appartenance d'une entreprise pour les besoins de l'analyse statistique et économique Three categories are defined: Small/Medium-sized Enterprises (SMEs)(incl. Micro-Enterprises) Intermediate-Sized Enterprises (ISEs) for the French Entreprise de Taille intermédiaire(eti) Large Enterprises (LEs), a new category is introduced Three criteria must be used simultaneously (and not alternatively): Employment Turnover Balance sheet total 7 The 2008 Law in France definitions and categories (2/2) Table 1. Size categories according to three criteria: Employment, Turnover and Balance Sheet Total Balance Sheet Employment (number of employees) Turnover Total < to to > < 2 M - micro-enterprises < 2 M [2; 50[ M > 2 M SMEs < 2 M micro-enterprises [50;1,500[ M [2; 43] M ISEs > 43 M LEs < 2 M micro-enterprises SMEs [2; 43] M > 1,500 M [43 ; 2,000] M > 2,000 M ( M = million euros) SMEs: Small/Medium-sized Enterprises ISEs: Intermediate-Sized Enterprises LEs: Large Enterprises (LEs) Paris, 17 octobre L Observatoire des entreprises Banque de France direction des Entreprises 8 4

5 Presentation 1. Definitions 2. Results 3. Conclusion 9 Enterprises and legal units in 2009 (Decree n ) LEs ISEs SMEs exc. Micro Microenterprises Total Number of enterprises Number of legal units Total Independant LU s French Groups Affiliates of foreign groups Total Independant LU s French Groups Affiliates of foreign groups Source Insee: Béguin J.-M., Hecquet V., LemassonJ., direction des Statistiques d entreprises (2012), Un tissu productif plus concentré qu il ne semblait. Nouvelle définition et nouvelles Banque catégories de d entreprises, France direction Insee Première des Entreprises n Mars 2012 Paris, 17 octobre L Observatoire des entreprises

6 Enterprises and legal units in 2009 (Decree n ) Banque Source Insee: de France Béguin direction J.-M., Hecquet des Entreprises V., LemassonJ., direction des Statistiques d entreprises (2012), Un tissu productif plus concentré qu il ne semblait. Nouvelle définition et nouvelles catégories d entreprises, Insee Première n Mars 2012 Paris, 17 octobre L Observatoire des entreprises 11 Data sources for the Central Credit Register data Central Credit Register(outstanding amounts of credit) Fiscal forms (Employment, Turnover, Balance Sheet Total, Financial Linkages) in: Fiben, ALTARES,FARE,ORBIS pecking order, favouring quality and timeliness Annual update 12 6

7 Two additional categories Unreferenced enterprises Other Real state Activities New entities Housing associations, with non-business activities Missing values 13 Results for the Central Credit register Data Table 2. Central Credit Register Data France, April 2013 A Breakdown by categorises: Legal units Outstanding amounts, Billion euros Number of Drawn Credit Drawn and Undrawn Credit Enterprises Outstanding amount Annual change % Outstanding amount Annual change % April 2013 April 2013 April 2013 / April 2012 April 2013 April 2013 / April 2012 Independent SMEs SMEs belonging to a group Sub-Total (SMEs) LEs Holding Companies Real estate activities Total Outstanding amounts, Billion euros B Breakdown by categorises: Enterprises Number of Drawn Credit Drawn and Undrawn Credit Enterprises Outstanding amount Annual change % Outstanding amount Annual change % April 2013 April 2013 April 2013 / April 2012 April 2013 April 2013 / April 2012 SMEs ISEs LEs Sub-Total (SMEs, ISEs and LEs) Other Real Estate companies Unreferenced enterprises NS 18.9 NS Total

8 Drawn credit annual changes % 15 Presentation 1. Definitions 2. Results 3. Conclusion 16 8

9 Conclusion A different picture between legal units and enterprises Intermsofactivity Intermsofcredit Issues: Stability of the categories over time Comparability with other sources 17 Thank you for attention 18 9

10 ANNEXES 19 Drawn credit sept (annual changes %) ETI GE Divers SCI TotPME 20 10

11 Drawn credit matrix Sept Micro TPE PE ME ETI GE Divers SCI (vide) Micro-entreprises 67,7 4,1 1,3 0,8 0,3 0,0 0,1 0,9 75,1 PME indépendantes hors micro-entreprises 23,3 11,0 7,8 6,1 1,5 0,1 0,0 0,3 50,1 PME appartenant à un groupe hors micro-entreprises 4,4 6,3 10,1 25,3 15,2 2,3 0,0 0,0 63,7 Grandes Entreprises 8,7 1,9 0,5 11,7 65,2 36,5 0,0 0,5 125,1 Holdings et/ou Admin. d entreprises 20,0 5,1 3,9 12,6 39,4 27,0 0,5 1,9 110,2 Activités Immobilières 58,1 11,6 2,4 41,5 92,6 16,5 124,1 4,6 351,3 Activités financières - Admin. Publique 0,1 0,0 0,0 0,0 0,1 0,0 0,0 284,9 285,1 (vide) 0,0 0,0 0,0 0,0 0,0 241,7 241,7 182,1 40,1 25,9 98,0 214,3 82,4 124,7 534,8 1302,