EY Australia revenues were AUD 2.13 billion in FY20 which is an increase of 13% from revenues of AUD 1.89 billion. Audit revenues specifically increased by 7%. The below chart shows the growth of EY’s revenues over the past five years. Around 75% of EY’s revenues come from non-audit services performed for non-audit services. The remaining 25% are from audit and non-audit services to audit clients.
Of the 200 Companies in the ASX200 Index EY audits 60 of them. That is a 31% audit market share. EY leads in the number of audit clients among the top 200 companies in Australia. EY has a leading number of clients in the Communication services, Consumer discretionary, Consumer staples, Energy, Healthcare, Information Technology, and Telecommunication services sector. See below for a break-up of EY’s audit clients among the various sectors:
Top 25 EY audit clients in the order of the clients market capitalization are as follows:
Company | Sector |
---|---|
CSL Ltd | Health Care |
National Australia Bank Ltd | Financials |
Wesfarmers Ltd | Consumer Discretionary |
Telstra Corporation Ltd | Telecommunication Services |
Newcrest Mining Ltd | Materials |
Woodside Petroleum Ltd | Energy |
Coles Group Ltd | Consumer Staples |
Ramsay Health Care Ltd | Health Care |
REA Group Ltd | Communication Services |
The a2 Milk Company Ltd | Consumer Staples |
Afterpay Ltd | Information Technology |
Xero Ltd | Information Technology |
James Hardie Industries Plc | Materials |
Santos Ltd | Energy |
Scentre Group | Real Estate |
Origin Energy Ltd | Energy |
Magellan Financial Group Ltd | Financials |
Tabcorp Holdings Ltd | Consumer Discretionary |
Crown Resorts Ltd | Consumer Discretionary |
Coca-Cola Amatil Ltd | Consumer Staples |
Vicinity Centres | Real Estate |
AMP Ltd | Financials |
Bluescope Steel Ltd | Materials |
Worley Ltd | Energy |
Harvey Norman Holdings Ltd | Consumer Discretionary |
Check out the link if you want to read EY’s latest Audit Transparency report. We are starting a new blogpost to collect the salary data to help all current and prospective employees of accounting firms. So if interested, update the form and results will be published soon.
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