Results of the service sector survey 2014 (Real estate management services, security services, cleaning services, advertising, and conference & exhibition organising services)

Information from the Statistics and Census Service (DSEC) indicated that a total of 221 establishments were engaging in Real Estate Management Services in 2014, an increase of 22 year-on-year; number of persons engaged rose by 6.5% to 5,604. Receipts amounted to MOP 1.20 billion, up by 13.6% year-on-year. Expenditure increased 11.4% to MOP 1.00 billion, of which Compensation of Employees (MOP 514 million) and Operating Expenses (MOP 401 million) went up by 14.2% and 7.5% respectively. Gross Value Added that measures the sectoral contribution to the economy amounted to MOP 711 million, up by 17.4% year-on-year. Gross Surplus (receipts plus changes in inventories minus expenditure) amounted to MOP 198 million, up by 26.5% year-on-year. Meanwhile, Gross Fixed Capital Formation totalled MOP 28.42 million, a surge of nearly 12 times, due to an increase in acquisition of motor vehicles and computer equipment. There were 33 establishments operating in Security Services, up by 10 year-on-year; number of persons engaged increased by 20.2% to 6,539. Receipts amounted to MOP 1.19 billion, up by 44.7% year-on-year. Expenditure went up by 43.9% to MOP 1.08 billion, with Compensation of Employees (MOP 956 million) accounting for 88.2% of the total, an increase of 45.8% year-on-year. Gross Value Added (MOP 1.06 billion) and Gross Surplus (MOP 105 million) grew by 46.5% and 52.7% respectively year-on-year. Gross Fixed Capital Formation surged by 133.8% to MOP 9.95 million on account of an increase in acquisition of machinery & equipment and motor vehicles. A total of 138 establishments were operating in Cleaning Services, up by 25 year-on-year; number of persons engaged increased by 18.9% to 5,505. Receipts increased by 24.5%, at MOP 647 million. Expenditure rose by 26.0% to MOP 569 million, with 81.0% being spent on Compensation of Employees (MOP 461 million). Gross Value Added totalled MOP 539 million, up by 23.8% year-on-year, while Gross Surplus increased by 14.7% to MOP 78.12 million. Gross Fixed Capital Formation soared by 261.1% to MOP 9.16 million in view of an increase in acquisition of computer and machinery & equipment. Number of establishments in Advertising Services expanded by 100 year-on-year to 521; number of persons engaged rose by 61.9% to 1,889. Receipts (MOP 854 million) and Expenditure (MOP 790 million) registered growth of 52.9% and 49.3% respectively year-on-year. Receipts came primarily from Advertising Services (including design services and media dissemination), at MOP 586 million (68.7% of total), while receipts on providing Conference & Exhibition Organising Services amounted to MOP 131 million (15.3%). Expenditure was mainly incurred on Purchase of Goods & Services, up by 43.0% year-on-year to MOP 431 million (54.5% of total). Gross Value Added totalled MOP 279 million, up by 88.7%; Gross Surplus also rose by 87.0% to MOP 61.29 million. In line with a growth in the number of establishments, an increase in the acquisition of premises and computer equipment was observed, leading to a jump of 107.0% in Gross Fixed Capital Formation, at MOP 75.36 million. A total of 61 establishments were operating in Conference & Exhibition Organising Services, up by 23 year-on-year; number of persons engaged increased by 52.2% to 271. Receipts rose by 19.2% year-on-year to MOP 276 million, which were generated mainly from conference & exhibition organising services (MOP 224 million), accounting for 81.2% of total; meanwhile, Expenditure went up by 47.6% to MOP 265 million. With the growth in expenditure being higher than that in receipts, Gross Value Added dropped by 30.5% year-on-year to MOP 53.94 million; Gross Surplus amounted to MOP 11.67 million. In addition, owing to a surge in acquisition of equipment, Gross Fixed Capital Formation (MOP 7.31 million) registered a notable increase of 5.8 times over 2013.