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SINGAPORE’S CORPORATE SECTOR 2016
ISSN 2591-765X
© Department of Statistics, Ministry of Trade & Industry, Republic of Singapore
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Statistical activities conducted by the Singapore Department of Statistics are
governed by the provisions of the Statistics Act (Cap. 317). The Act
guarantees the confidentiality of information collected from individuals and
companies. It spells out the legislative authority and responsibility of the
Chief Statistician. The Act is available in the Department’s Website
(www.singstat.gov.sg).
PREFACE SINGAPORE’S CORPORATE SECTOR 2016
iii
PREFACE
The Singapore Department of Statistics has been conducting the Survey of
Financial Structure and Operations of Companies annually to facilitate the analysis of
the structure and performance of the corporate sector. Data on Singapore’s corporate
sector are compiled from financial accounts of companies. These data were first
released in the publication Singapore’s Corporate Sector, 1980-1989 in 1992. Since
then, annual data from the survey has been released periodically in the same publication
and relevant occasional papers.
The latest survey was carried out in 2017/18 for reference year 2016. The
report, Singapore’s Corporate Sector 2016, which contains the key findings of the
survey, is presented in two sections. The first section discusses the composition of the
balance sheet, the sectoral distribution of total equity and assets, and financial
performance of Singapore’s corporate sector. A technical note to explain the source,
scope and coverage of data, as well as the concepts and definitions of terms used, is
provided in the second section.
I would like to express my appreciation to the companies which have provided
information for the survey and all others who have contributed towards the completion
of this publication.
Wong Wee Kim
Chief Statistician
Singapore
April 2018
iv
Our Vision
A National Statistical System of Quality, Integrity and Expertise
Our Mission
We Provide Reliable, Relevant and Timely Statistics
to Support Singapore’s Social and Economic Development
Our Guiding Principles
Professionalism & Expertise
We adhere to professional ethics and proficiently produce quality statistics that comply with international concepts and best practices.
Relevance We constantly innovate our processes and
produce statistics that meet users’ needs.
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We protect the confidentiality of information provided to us.
Timeliness & Reliability
We produce statistics that users can depend on and disseminate them at the earliest possible date while maintaining data quality.
Cost Effectiveness
We use resources effectively, minimising respondent burden and leveraging on administrative data.
CONTENTS SINGAPORE’S CORPORATE SECTOR 2016
v
Page
PREFACE iii
KEY INDICATORS vi
I FINDINGS
Size and Composition of the Corporate Sector
Overall 1
Total Equity 1
Total Assets 2
Composition of Balance Sheet 2
Detailed Industrial Composition 3
Performance of the Corporate Sector
Return on Total Assets (ROA) 5
Return on Total Equity (ROE) 6
II TECHNICAL NOTES 7
III APPENDIX
List of Activities 13
NOTES
The Singapore’s Corporate Sector contains statistics that are the most recent
available at the time of its preparation.
Numbers may not add up to the totals due to rounding.
Industries are classified according to the Singapore Industrial Classification
(SSIC) 2015.
Values are shown in Singapore dollars (unless otherwise stated).
vi
Key Indicators on Singapore's Corporate Sector, 2012-2016
2012 2013 2014 2015 2016
Total Equity by Industry (Millions of S$) (As at Year-End)
1,540,994 1,845,120 2,227,577 2,472,800 2,598,964
Manufacturing 146,527 168,127 165,625 199,577 199,898
Construction 9,341 10,672 12,223 11,535 11,967
Wholesale & Retail Trade 186,039 200,892 263,999 308,403 333,375
Transport and Storage 75,524 87,332 88,345 90,133 85,085
Accommodation & Food Services 10,144 10,640 12,506 13,309 13,846
Information and Communications 27,227 32,939 39,657 44,961 45,075
Financial & Insurance 856,328 1,079,473 1,322,948 1,428,328 1,519,117
Real Estate 135,386 146,810 178,586 189,050 192,913
Business Services Excluding Real Estate 64,224 73,607 105,609 148,193 155,580
Others 30,255 34,629 38,080 39,311 42,108
Total Assets by Industry (Millions of S$) (As at Year-End)
5,305,563 5,993,576 6,727,243 7,219,583 7,505,229
Manufacturing 286,282 305,921 306,573 340,494 356,940
Construction 34,071 36,105 34,605 36,596 37,877
Wholesale & Retail Trade 577,732 668,808 711,962 756,425 840,782
Transport and Storage 182,827 201,942 242,119 255,174 245,030
Accommodation & Food Services 20,217 21,458 25,380 27,811 29,281
Information and Communications 68,754 74,431 86,216 97,263 103,290
Financial & Insurance 3,605,551 4,097,889 4,614,725 4,926,859 5,107,392
Real Estate 293,014 315,490 386,736 404,898 398,753
Business Services Excluding Real Estate 137,547 168,249 216,644 268,369 277,431
Others 99,568 103,281 102,283 105,694 108,453
Return on Assets (ROA) by Industry (Per Cent)
4.6 4.0 4.2 3.7 4.0
Manufacturing 13.3 10.8 13.6 11.6 13.4
Construction 7.2 4.9 4.3 3.7 2.8
Wholesale & Retail Trade 7.4 6.9 6.5 6.7 5.9
Transport and Storage 2.6 3.2 3.2 4.2 0.7
Accommodation & Food Services 6.0 5.9 8.6 5.5 4.5
Information and Communications 17.7 7.9 8.7 6.5 2.5
Financial & Insurance 3.0 2.7 2.9 2.3 3.1
Real Estate 7.6 7.7 6.2 4.9 4.2
Business Services Excluding Real Estate 4.7 4.8 3.9 5.4 5.2
Others 6.0 5.5 6.5 6.7 5.6
Return on Equity (ROE) by Industry (Per Cent)
14.5 11.8 11.5 9.3 9.9
Manufacturing 25.0 19.8 24.4 20.1 22.8
Construction 25.3 16.0 12.2 10.0 7.6
Wholesale & Retail Trade 21.7 20.3 17.5 15.7 13.5
Transport and Storage 5.0 5.8 6.4 9.6 -0.2
Accommodation & Food Services 11.6 11.0 16.3 10.1 8.0
Information and Communications 47.6 17.4 18.1 12.8 4.4
Financial & Insurance 10.8 8.7 8.8 6.2 8.6
Real Estate 15.2 15.1 12.3 9.3 7.6
Business Services Excluding Real Estate 9.6 9.8 7.2 9.4 8.4
Others 15.4 14.9 15.6 15.0 11.3
Total
Total
Total
Total
Singapore’s Corporate Sector
FINDINGS
FINDINGS SINGAPORE’S CORPORATE SECTOR 2016
1
Size and Composition of the Corporate Sector
Overall
Total Equity
The size of Singapore’s corporate
sector continued to grow in 2016.
Total assets of the corporate sector
expanded 4.0 per cent from $7,220
billion as at end 2015 to $7,505
billion as at end 2016, while total
equity increased by 5.1 per cent
from $2,473 billion to $2,599
billion during the same period
(Chart 1).
Chart 1: Total Equity and Total Assets
(As at end 2016)
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
2012 2013 2014 2015 2016
Total Equity Total Assets$ Billion
At the end of 2016, the financial &
insurance sector accounted for
more than half (58.5 per cent or
$1,519 billion) of the total equity
in the corporate sector. The
wholesale & retail trade sector was
the second largest sector (12.8 per
cent or $333 billion), while the
other sectors with significant total
equity were manufacturing (7.7
per cent or $200 billion) and real
estate (7.4 per cent or $193 billion)
(Chart 2).
Chart 2: Sectoral Distribution of Total Equity
(As at end 2016)
Financial &
Insurance
58.5%
Manufacturing
7.7%
Wholesale & Retail
Trade
12.8%
Real Estate
7.4%
Business Services
Excl Real Estate
6.0%
Transport & Storage
3.3% Others
4.3%
FINDINGS SINGAPORE’S CORPORATE SECTOR 2016
2
Total Assets
Financial &
Insurance
68.1%
Manufacturing
4.8%
Wholesale &
Retail Trade
11.2%
Real Estate
5.3%
Business
Services Excl
Real Estate
3.7%
Transport &
Storage
3.3%
Others
3.7%
Composition of Balance Sheet
Current
Assets: $4,191
bil
Current
Liabilities:
$3,692 bil
Non-Current
Assets:
$3,315 bilNon-Current
Liabilities:
$1,214 bil
Total Equity:
$2,599 bil
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
Assets Total Equity & Liabilities
$ BillionTotal: $7,505 bil
Chart 3: Sectoral Distribution of Total Assets
(As at end 2016)
0)
)
Total assets in the corporate
sector are categorized into
two main classes, namely (a)
current assets and (b) non-
current assets. As at end
2016, current assets (55.8
per cent) constituted the
largest proportion of total
assets while the remaining
was non-current assets (44.2
per cent) (Chart 4).
Chart 4: Composition of Balance Sheet
(As at end 2016)
In terms of total assets, the
share of the financial &
insurance sector was also the
largest, accounting for over
two-thirds (68.1 per cent or
$5,107 billion) of the
corporate sector’s total
assets as at end 2016. Other
sectors such as wholesale &
retail trade (11.2 per cent or
$841 billion), real estate (5.3
per cent or $399 billion) and
manufacturing (4.8 per cent
or $357 billion) also held
significant assets (Chart 3).
The sources of capital for these assets consist of (i) current liabilities, (ii) non-current
liabilities and (iii) total equity. As at end 2016, about one-third (34.6 per cent) of total
assets was financed by equity capital. Other important sources of capital were current
liabilities (49.2 per cent) and non-current liabilities (16.2 per cent).
FINDINGS SINGAPORE’S CORPORATE SECTOR 2016
3
Detailed Industrial Composition
Financial & Insurance
Chart 5: Total Equity in Financial & Insurance Sector
(Stock as at end period)
Investment
HoldingsBanks
Insurance
Services
2015 ($ bil) 1,038.7 289.8 29.6
2016 ($ bil) 1,089.7 319.6 30.7
0
200
400
600
800
1,000
1,200
$ B
illion
Chart 6: Total Assets in Financial & Insurance Sector
(Stock as at end period)
Investment Holdings Banks Insurance Services
2015 ($ bil) 1,932.8 2,504.7 227.4
2016 ($ bil) 1,967.4 2,589.8 240.5
0
500
1,000
1,500
2,000
2,500
3,000
$ B
illion
Total equity in the financial & insurance sector increased from $1,428 billion as at end
2015 to $1,519 billion as at end 2016. The main contributors of the increase are the
investment holding companies which accounted for the majority (71.7 per cent or $1,090
billion) of total equity in this sector (Chart 5).
Total assets of the financial & insurance sector expanded from $4,927 billion to $5,107
billion over the same period. Within the financial & insurance sector, banks accounted for
the largest amount of assets (50.7 per cent or $2,590 billion) although its share of total
equity in this sector was 21.0 per cent (or $320 billion) (Chart 6). This was mainly
attributed to banks holding large amount of liquid assets as part of their business
operations.
FINDINGS SINGAPORE’S CORPORATE SECTOR 2016
4
Manufacturing
Chart 7: Total Equity in Manufacturing
(Stock as at end period)
Computer,Electronic &
Optical Products
PharmaceuticalProducts
Machinery &Equipment
Chemicals &ChemicalProducts
RefinedPetroleumProducts
TransportEquipment
2015 ($ bil) 68.9 22.0 21.1 16.8 19.8 16.9
2016 ($ bil) 68.9 13.3 21.4 20.0 22.3 17.8
0
20
40
60
80
$ B
illi
on
Chart 8: Total Assets in Manufacturing
(Stock as at end period)
Computer,Electronic &
Optical Products
PharmaceuticalProducts
Machinery &Equipment
Chemicals &ChemicalProducts
RefinedPetroleumProducts
TransportEquipment
2015 ($ bil) 99.5 27.2 49.7 27.8 45.3 35.1
2016 ($ bil) 109.4 21.0 54.8 32.0 46.5 36.2
0
20
40
60
80
100
120
$ B
illio
n
Total equity in the manufacturing sector was relatively unchanged at $200 billion as at
end 2016. In terms of equity capital, electronics remained the largest manufacturing
industry (34.5 per cent or $69 billion), while the other manufacturing industries with
significant equity included refined petroleum products (11.2 per cent) and machinery &
equipment (10.7 per cent) (Chart 7). The pharmaceutical products industry registered a
decline in total equity.
Total assets of the manufacturing sector grew by 4.8 per cent to $357 billion as at end
2016. The electronics industry was also the largest contributor with a 30.6 per cent share
of total assets in the manufacturing sector. Machinery & equipment (15.4 per cent) and
refined petroleum products (13.0 per cent) industries also held significant amount of
assets (Chart 8).
FINDINGS SINGAPORE’S CORPORATE SECTOR 2016
5
Performance of the Corporate Sector
Return on Total Assets (ROA) 1
1 The rate of Return on Total Assets (ROA) is defined as the ratio of pre-tax profit to total assets. Detailed
definition and formula for ROA are provided in the Technical Notes.
Overall ROA of the corporate
sector increased slightly from
3.7 per cent in 2015 to 4.0 per
cent in 2016. Over the past 5
years, the ROA ranged
between 3.5 per cent and 5.0
per cent. (Chart 9).
The highest ROA in 2016 was
registered by the manufacturing
sector (13.4 per cent), up from
11.6 per cent in 2015 (Chart
10). The wholesale & retail
trade sector had the second
highest ROA at 5.9 per cent,
down from 6.7 per cent in
2015, followed by the business
services excluding real estate
sector (5.2 per cent), a slight
drop from 5.4 per cent a year
ago.
Chart 9: Rate of Return on Total Assets
Chart 10: Rate of Return on Total Assets by Sector
5.2
4.2
0.7
5.9
13.4
3.1
4.0
5.4
4.9
4.2
6.7
11.6
2.3
3.7
0 5 10 15
Business Services
Excl Real Estate
Real Estate
Transport & Storage
Wholesale &
Retail Trade
Manufacturing
Financial &
Insurance
Total2015 2016
Per Cent
3.0
4.0
5.0
2012 2013 2014 2015 2016
Per Cent
FINDINGS SINGAPORE’S CORPORATE SECTOR 2016
6
Return on Total Equity (ROE) 2
2 The rate of Return on Total Equity (ROE) is defined as the ratio of pre-tax profit to total equity. Detailed
definition and formula for ROE are provided in the Technical Notes.
Overall ROE of the corporate
sector registered an increase,
from 9.3 per cent in 2015 to 9.9
per cent in 2016 (Chart 11). The
average ROE was about 11.4
per cent over the past 5 years.
The manufacturing sector had
the highest ROE (22.8 per
cent), up from 20.1 per cent in
2015 (Chart 12). The financial
& insurance sector also
registered a higher ROE of 8.6
per cent in 2016 compared to
6.2 per cent in 2015. On the
other hand, the wholesale &
retail trade, business services
excluding real estate, real estate
and transport & storage sectors
reported lower ROE in 2016.
Chart 11: Rate of Return on Total Equity
8.0
12.0
16.0
2012 2013 2014 2015 2016
Per Cent
Chart 12: Rate of Return on Total Equity by Sector
8.4
7.6
-0.2
13.5
22.8
8.6
9.9
9.4
9.3
9.6
15.7
20.1
6.2
9.3
0 5 10 15 20 25
Business Services
Excl Real Estate
Real Estate
Transport & Storage
Wholesale &
Retail Trade
Manufacturing
Financial &
Insurance
Total2015 2016
Per Cent
Singapore’s Corporate Sector
TECHNICAL NOTES
TECHNICAL NOTES SINGAPORE’S CORPORATE SECTOR 2016
7
Objective
The data presented in this report are compiled from the results of the Survey of
Financial Structure and Operations of Companies conducted annually by the Department
of Statistics. The data are used by policy makers, researchers, business community and
other interested users to analyse the financial structure and performance of the various
sectors in the economy.
Legal Authority
The survey is conducted under the Statistics Act (Chapter 317), which makes the
submission of returns mandatory. Individual returns received are kept in confidence in
accordance with the Statistics Act.
Scope and Coverage
The survey covered companies incorporated or registered in Singapore and
Singapore branches of foreign-incorporated companies.
Sample Selection
The sampling frame is based on the list of ‘live’ enterprises obtained from the
Department’s establishment database. The database is updated regularly using information
obtained from administrative and survey sources.
The sampling method for the survey was based on stratified random sampling. All
enterprises in the sampling frame were stratified by activity and company asset size.
Enterprises with large assets were selected with certainty (take-all stratum). Smaller
enterprises were selected using simple random sampling without replacements from the
remaining strata (take-some strata).
The Lavallée and Hidiroglou method was used to determine the size stratum
boundaries and sample sizes that minimise the total sample size required to achieve the target
level of precision of estimation.
TECHNICAL NOTES SINGAPORE’S CORPORATE SECTOR 2016
8
Data Collection
Data were sourced from financial accounts of companies covered in the survey
which had up-to-date financial accounts lodged with ACRA and other administrative
sources. Relevant data were extracted from balance sheet, income statement and notes of
financial accounts of surveyed enterprises.
Data Processing
The Department processed enterprise financial accounts received using the
conventional data entry method. All data of completed returns were then computer-edited
for code validity, completeness and consistency to detect errors and inconsistencies. The
erroneous data would be amended and re-processed. Tabulation was carried out only after
all records had passed the computer editing.
Enumeration Unit
The enumeration or reporting unit used in the survey is the "enterprise". Singapore
branches of foreign-incorporated companies are also included. Every enterprise was
treated as a distinct entity and its own financial accounts were analyzed. For enterprises
with branches, the consolidated accounts of the enterprise and its branches were used.
Year of Reference
The period of reference is the calendar year. However, for enterprises whose
accounting year differed from the calendar year, the accounting or financial year covering
the major part of the calendar year was used.
Type of Business Activity
Type of business activity refers to the principal activity undertaken by the
enterprise. The principal activity is defined as the one in which the enterprise devotes
most of its resources or from which it derives most of its income. The classification of
the principal activity of the enterprise is based on the “Singapore Standard Industrial
Classification, 2015”.
TECHNICAL NOTES SINGAPORE’S CORPORATE SECTOR 2016
9
Currency Valuation
Singapore’s corporate sector statistics are expressed in Singapore dollars.
Financial data expressed in foreign currency are converted to Singapore dollars as at end
of the reference period for balance sheet assets and liabilities data and the average of the
reference period for income and expenses data.
Accounting Concepts and Definitions
In general, financial accounts prepared by Singapore companies are in accordance
to Singapore Financial Reporting Standards (FRS) as required by the Companies Act
(Chapter 50). Companies can seek exemption under the Act to prepare their financial
statements in conformity with other international accounting principles, most notably
United States Generally Acceptable Accounting Principles (US GAAP).
The lack of a widely accepted standard classification of financial items
necessitates the preparation of one in order to present information in a homogenous way
for all entities. The financial items and their presentation are largely aligned to those
prescribed in ACRA taxonomy.
TECHNICAL NOTES SINGAPORE’S CORPORATE SECTOR 2016
10
Definition of Terms
Total Assets Assets refer to items controlled by the enterprise as a result of past
events and from which future economic benefits are expected to
flow to the entity. Examples include property, plant and equipment,
investment in subsidiaries/associates and cash & cash equivalent.
Total Liabilities Liabilities are present obligations of the enterprise arising from
past events, the settlement of which is expected to result in an
outflow from the enterprise of resources embodying economic
benefits. Examples include loans, trade payables and deposits
(applicable for financial institutions only).
Total Equity
Total equity comprises mainly share capital, retained earnings and
other reserves. For Singapore branches of foreign-incorporated
companies, the net amount owed by Singapore branches to the
foreign head offices are used as proxies for their equity.
Share Capital Share capital refers to the amount contributed by shareholders
through the issue of shares.
Profit before Tax Profit before tax is the total of incomes less expenses. It comprises
two broad components, i.e. operating and non-operating income
such as gain or loss on disposal of net assets.
TECHNICAL NOTES SINGAPORE’S CORPORATE SECTOR 2016
11
Equity Ratio
The equity ratio is defined as:
Total equity
Total assets
This ratio measures the dependence of the company on external
funding, i.e. funding which is not from its shareholders or its
overseas headquarters in the case of local branch of a foreign-
incorporated company. The higher the company’s dependence on
external funding, the lower the ratio.
Current Ratio
The current ratio is defined as:
Current assets
Current liabilities
This ratio measures the liquidity of the company, i.e. its ability to
meet current debt payments when due. A ratio of 1 indicates that
the company has balanced exactly its current liabilities with
current assets. The lower the ratio is below 1, the higher is the risk
of the company running into a liquidity problem. A ratio above 1
indicates liquidity in the company.
Rate of Return on
Total Assets (ROA)
The rate of return on total assets is defined as
Pre-tax profit before deducting interest payments in the year
Average of total assets at the beginning and end of the year
This ratio measures the efficiency of the company in its use of
assets to generate earnings. Interest payments are not deducted
from earnings as they are the cost of financing business capital
rather than an operating cost. The resulting ratio measures the
earning capacity of the company’s assets regardless of how the
assets are financed.
TECHNICAL NOTES SINGAPORE’S CORPORATE SECTOR 2016
12
Rate of Return on
Total Equity (ROE)
The rate of return on total equity is defined as
Pre-tax profit in the year
Average of total equity at the beginning and end of the year
This ratio measures the company’s profitability, i.e. the rate of
return that the company has earned on the capital provided by the
shareholders after accounting for payments to all other providers
of capital.
Singapore’s Corporate Sector
APPENDIX
APPENDIX SINGAPORE’S CORPORATE SECTOR 2016
13
IV: APPENDIX
LIST OF ACTIVITIES
SSIC 2015 Industry
Manufacturing
Food, Beverages & Tobacco
10 Manufacture of Food Products
11 Manufacture of Beverages
12 Manufacture of Tobacco Products
Paper & Paper Products, Printing & Publishing
17 Manufacture of Paper and Paper Products
18 Printing and Reproduction of Recorded Media
Refined Petroleum Products
19 Manufacture of Coke and Refined Petroleum Products
Chemicals & Chemical Products
20 Manufacture of Chemicals and Chemical Products
Pharmaceutical Products
21 Manufacture of Pharmaceuticals and Biological Products
Rubber & Plastic Products
22 Manufacture of Rubber and Plastic Products
Fabricated Metal Products
25 Manufacture of Fabricated Metal Products except Machinery and
Equipment
Computer, Electronic & Optical Products
26 Manufacture of Computer, Electronic and Optical Products
Electrical Equipment
27 Manufacture of Electrical Equipment
APPENDIX SINGAPORE’S CORPORATE SECTOR 2016
14
SSIC 2015 Industry
Machinery & Equipment
28 Manufacture of Machinery and Equipment
Transport Equipment
29
30
Manufacture of Motor Vehicles, Trailers and Semi-Trailers
Manufacture of other Transport Equipment
Construction
Construction
41
42
43
Construction of buildings
Civil Engineering
Specialised Construction Activities
Wholesale & Retail Trade
Wholesale Trade
46 Wholesale Trade
Retail Trade
47 Retail Trade
Accommodation & Food Services
Accommodation & Food Services
55 Accommodation
56 Food and Beverage Service Activities
Transport & Storage
Water Transport
50 Water Transport
5222 Supporting Services to Water Transport
5225 Marine Surveying Services and Classification Societies
APPENDIX SINGAPORE’S CORPORATE SECTOR 2016
15
SSIC 2015 Industry
Land & Air Transport
49 Land Transport and Transport via Pipelines
51 Air Transport
5221 Supporting Services to Land Transport
5223 Supporting Services to Air Transport
Warehousing, Post & Courier Services
521 Warehousing and Storage
5224 Cargo Handling
5229 Other Transportation Support Activities
53 Postal and Courier Activities
Information & Communications
Information & Communications
58 Publishing Activities
59 Motion Picture, Video, Television and Other Programme Production,
Sound Recording and Music Publishing Activities
60 Radio and Television Broadcasting Activities
61 Telecommunications
62 Computer Programming, Consultancy and Related Activities
63 Information Services Activities
Financial & Insurance
Banks
6412 Full Banks
6413 Wholesale Banks
6414 Offshore Banks
6415 Merchant Banks
6416 Finance Companies
Investment Holding
642 Activities of Holding Companies
APPENDIX SINGAPORE’S CORPORATE SECTOR 2016
16
SSIC 2015 Industry
Other Financial Services
6419 Other Monetary Intermediation
643 Trusts, Funds and similar Financial Entities
649
Other Financial Services Activities, except Insurance and Pension
Funding Activities
661 Activities Auxiliary to Financial Service Activities, Except Insurance
and Pension Funding
663 Fund Management Activities
Insurance Services
65 Insurance, Reinsurance, Provident Funding and Pension Funding
662 Activities Auxiliary to Insurance and Pension Funding
Real Estate
Real Estate
68 Real Estate Activities
Business Services Excluding Real Estate
Professional, Scientific & Technical Activities
69 Legal and Accounting Activities
70 Activities of Head Offices; Management Consultancy Activities
71 Architectural and Engineering Activities; Technical Testing and
Analysis
72 Scientific Research and Development
73 Advertising and Market Research
74 Other Professional, Scientific and Technical Activities
75 Veterinary Activities
APPENDIX SINGAPORE’S CORPORATE SECTOR 2016
17
SSIC 2015 Industry
Administrative & Support Service Activities
77 Rental and Leasing Activities
78 Employment Activities
79 Travel Agencies, Tour Operators and Reservation Service Activities
80 Security and Investigation Activities
81 Cleaning and Landscape Maintenance Activities
82 Office Administrative, Office Support and Other Business Support
Activities
Others
01 Agriculture and Related Services Activities
02 Forestry, Logging and Related Service Activities
03 Fishing, Operation of Fish Hatcheries and Fish Farms; Service
Activities Incidental to Fishing
08 Mining & Quarrying
09 Service Activities incidental to Oil and Gas Extraction (excluding
Surveying and Engineering Design and Consultancy Services
Supporting Mining, Oil and Gas Extraction and Offshore Exploration
Activities)
35 Electricity, Gas, Steam and Air-Conditioning Supply
36 Water Collection, Treatment and Supply
37 Sewage
38 Waste Collection, Treatment and Disposal Activities; Materials
Recovery
85 Education
86 Health Services
87 Residential Care Services
88 Social Services without Accommodation
90 Creative, Arts and Entertainment Activities
91 Libraries, Archives, Museums and Other Cultural Activities
92 Gambling and Betting Activities
93 Sports Activities and Amusement and Recreation Activities
95 Repair of Computers, Personal and Household Goods and Vehicles
96 Other Personal Services Activities
PROJECT TEAM SINGAPORE’S CORPORATE SECTOR 2016
18
Deputy Director Ms Cui Hui Min
Statistician Ms Peh Li Lin
Manager Mr Thomas Kiong Chong Meng
Management Support Officers Mrs Ang-Ho Peck Wan
Mdm Cheng Guek Eng
Ms Cheong Lou Kheng
Miss Tan Siew Keng
Enquiries
Please direct enquiries on this publication to:
Business Statistics Division
Singapore Department of Statistics
Tel: 6835-8920
