Commission Regulation (EC) No 250/2009 of 11 March 2009 implementing Regulation (EC) No 295/2008 of the European Parliament and of the Council as regards the definitions of characteristics, the technical format for the transmission of data, the double reporting requirements for NACE Rev.1.1 and NACE Rev.2 and derogations to be granted for structural business statistics (Text with EEA relevance)

Status:

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ANNEX IDEFINITIONS OF CHARACTERISTICS

Code

11 11 0

Name

Number of enterprises

Annex

I to VIII

Definition:

A count of the number of market enterprises as defined in Council Regulation (EEC) No 696/93(1) registered to the population concerned in the business register corrected for errors, in particular frame errors. Only active units which either had turnover or employment at any time during the reference period should be included. Dormant (temporarily inactive) and inactive units are excluded. This statistic should include all units active during at least a part of the reference period. It also includes local units (branches) which do not constitute a separate legal entity and which are dependent on foreign enterprises except for the activities covered by Annex V of Regulation (EC) No 295/2008. For the statistics on activities defined in Section 3 of Annex V of Regulation (EC) No 295/2008 this characteristic shall be limited to the number of enterprises established according to the law of the reporting country and branches of enterprises with head-office in non-EEA countries. For reinsurance enterprises no branches of enterprises with head-office in non-EEA countries are recorded. For the statistics on activities defined in Section 3 of Annex VII of Regulation (EC) No 295/2008 this characteristic shall also comprise pension funds that do not employ personnel. It shall also include pension funds which are not established as legal entities and which are managed by pension fund management companies, insurance enterprises or other financial institutions (without however being covered by the annual accounts of these institutions). This characteristic shall however not include the number of pension funds which are not established separately from the sponsoring undertaking or trade (i.e. the non-autonomous pension funds or the book reserve system normally managed as an ancillary activity by the employer).

Link to other variables:

‘Number of enterprises broken down by residence of the parent enterprise’ is part of the number of enterprises (11 11 0).

Code

11 11 5

Name

Number of enterprises broken down by country of residence of the parent enterprise

Annex

Definition:

‘Parent enterprise’ shall mean a parent undertaking within the meaning of Article 1(1) of Council Directive 83/349/EEC of 13 June 1983 based on the Article 54(3)(g) of the Treaty on consolidated accounts, and any undertaking which, in the opinion of the relevant supervisory authority, effectively exercises a dominant influence over the insurance enterprise.

Definition:

The number of enterprises as defined in variable 11 11 0 broken down by size classes of investments, these are the investments covered by the variables 48 10 0 or 48 10 4, i.e. total investments at market value.

Link to other variables:

The variable ‘Number of enterprises broken down by size of investments’ (11 11 8) is a further breakdown of the variable ‘Number of enterprises’ (11 11 0).

Code

11 11 9

Name

A count of the number of kind-of-activity units as defined in Regulation (EEC) No 696/93 registered to the population concerned in the business register corrected for errors, in particular frame errors, or an estimate if this type of unit is not registered. This statistic should include all units active during at least a part of the reference period.

Code

11 41 0

Name

This variable shall comprise the total number of pension schemes under the administration of pension funds. A pension scheme is based on an agreement, in general between social partners, stipulating which retirement benefits are granted and under which conditions.

Code

11 91 0

Name

Population of active enterprises in t

Annex

Definition

A count of market enterprises that had either turnover or employment at any time during a given reference period.

Code

11 92 0

Name

Number of births of enterprises in t

Annex

Definition

A count of the number of births of market enterprises registered to the population concerned in the business register corrected for errors. A birth amounts to the creation of a combination of production factors with the restriction that no other enterprises are involved in the event. Births do not include entries into the population due to mergers, break-ups, split-off or restructuring of a set of enterprises. It does not include entries into a sub-population resulting only from a change of activity.

Code

11 93 0

Name

Number of deaths of enterprises in t

Annex

Definition

A count of the number of deaths of market enterprises registered to the population concerned in the business register corrected for errors. A death amounts to the dissolution of a combination of production factors with the restriction that no other enterprises are involved in the event. Deaths do not include exits from the population due to mergers, take-overs, break-ups or restructuring of a set of enterprises. It does not include exits from a sub-population resulting only from a change of activity.

Code

11 94 1

Name

Number of enterprises newly born in t-1 having survived to t

Code

11 94 2

Name

Number of enterprises newly born in t-2 having survived to t

Code

11 94 3

Name

Number of enterprises newly born in t-3 having survived to t

Code

11 94 4

Name

Number of enterprises newly born in t-4 having survived to t

Code

11 94 5

Name

Number of enterprises newly born in t-5 having survived to t

Annex

Definition

Enterprise survival as referred to in these characteristics occurs if an enterprise is active in terms of employment and/or turnover in the year of birth and the following year(s). Two types of survival can be distinguished:

An enterprise born in year t-1 is considered to have survived in year t if it is active in terms of turnover and/or employment in any part of year t (= survival without changes).

An enterprise is also considered to have survived if the linked legal unit(s) have ceased to be active, but their activity has been taken over by a new legal unit set up specifically to take over the factors of production of that enterprise (= survival by take-over).

Code

12 11 0

Name

Turnover

Annex

I to V, VII and VIII

Definition

For the statistics on activities defined in Section 3 of Annexes I to IV and VIII of Regulation (EC) No 295/2008 except for the activities classified in NACE Rev.2 Section K turnover comprises the totals invoiced by the observation unit during the reference period, and this corresponds to market sales of goods or services supplied to third parties. The sales of goods include the goods produced by the enterprise as well as the merchandise purchased by a retailer or land and other property held for resale (if land and other property were initially purchased for investment purposes they should not be included in turnover). The rendering of services typically involves the performance by the enterprise of a contractually agreed task over an agreed period of time. The revenue of the long-term contracts (e.g. building contracts) should be recognised by reference to the stage of completion of the contract and not the finished contract method. Goods produced for own consumption or investment should be excluded from turnover.

Turnover includes all duties and taxes on the goods or services invoiced by the unit with the exception of the value added type taxes (VAT). VAT are collected in stages by the enterprise and fully borne by the final purchaser.

It also includes all other charges (transport, packaging, etc.) passed on to the customer, even if these charges are listed separately in the invoice. Reduction in prices, rebates and discounts as well as the value of returned packing must be deducted.

Income classified as other operating income, financial income and extra-ordinary income in company accounts according to the 4th Accounting Directive and revenue from the use by others of enterprise assets yielding interest, royalties and dividends and other income according to IAS/IFRS is excluded from turnover. Operating subsidies received from public authorities or the institutions of the European Union are also excluded.

For the statistics on activities defined in Section 3 of Annex V of Regulation (EC) No 295/2008, the corresponding title of this characteristic is ‘Gross premiums written’. This characteristic is defined in Article 35 of Directive 91/674/EEC(7). Note: For the layout of the profit and loss account (technical account): Article 34, I. 1(a) of Directive 91/674/EEC for non-life insurance business and Article 34, II. 1(a) of Directive 91/674/EEC for life insurance business.

For the statistics on activities defined in Section 3 of Annex VII of Regulation (EC) No 295/2008, the corresponding title of this characteristic is ‘Total pension contributions’. This characteristic shall comprise all pension contributions, due during the financial year, in respect of pension contracts, such as all mandatory contributions, other regular contributions, voluntary additional contributions, incoming transfers, other contributions.

Link to company accounts

For the statistics on activities defined in Section 3 of Annexes I to IV and VIII of Regulation (EC) No 295/2008 except for the activities classified in NACE Rev.2 Section K

4th Accounting Directive: Council Directive 78/660/EEC

Turnover as defined above for statistical purposes comprises the accounting heading

Net turnover including other taxes on products linked to turnover but not deductible

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 (8) and Commission Regulation (EC) No 1725/2003

Turnover as defined above for statistical purposes comprises the accounting headings:

revenue from the sales of goods and the rendering of services (IAS 18.35). If revenue of interests, dividends and royalties is included in this item, they should be subtracted.

Link to other variables:

For the statistics on activities defined in Section 3 of Annexes I to IV and VIII of Regulation (EC) No 295/2008 with the exception of enterprises with an activity classified in NACE Rev.2 Section K

Turnover is used in the calculation of Production value (12 12 0) and other aggregates and balances.
Turnover may be broken down by activity: Turnover from i) the principal activity, ii) industrial activities, iii) trading activities of purchase and resale and intermediary activities, iv) intermediary activities (agents), v) other service activities (18 11 0 to 18 16 0).
Turnover may be broken down by product type: Breakdown of turnover by product type (18 21 0).

For the statistics on activities defined in Section 3 of Annex V of Regulation (EC) No 295/2008, ‘Gross premiums written’ (12 11 0) is calculated as follows:

Gross direct premiums written (12 11 1),

Gross reinsurance premiums accepted, written premiums (12 11 2).

Gross premiums written is used in the calculation of Gross premiums earned (32 11 0) and other aggregates and balances.

For the statistics on activities defined in Section 3 of Annex VII of Regulation (EC) No 295/2008 Turnover (Total pension contributions) is calculated as follows:

Pension contributions receivable from members (48 00 1),

Pension contributions receivable from employers (48 00 2),

Incoming transfers (48 00 3),

Other pension contributions (48 00 4)

or:

Pension contributions to defined benefit schemes (48 00 5),

Pension contributions to defined contribution schemes (48 00 6),

Pension contributions to hybrid schemes (48 00 7).

For the statistics on activities defined in Section 3 of Annex VIII of Regulation (EC) No 295/2008 ‘Turnover’is further broken down into products and the residence of the client

Code

12 11 1

Name

Gross direct premiums written

Annex

Definition:

Article 35 of Council Directive 91/674/EEC. Only direct insurance premiums are covered.

Note:

For the layout of the profit and loss account (technical account): Article 34, I. 1(a) of Directive 91/674/EEC for non-life insurance business and Article 34, II. 1(a) of Directive 91/674/EEC for life insurance business.

Link to other variables:

Gross direct premiums written (12 11 1)

Gross reinsurance premiums accepted, written premiums (12 11 2)

Gross premiums written (12 11 0)

Code

12 11 2

Name

Gross reinsurance premiums accepted, written premiums

Annex

Definition:

Article 35 of Council Directive 91/674/EEC — gross reinsurance premiums accepted, written premiums is included in the technical part of the profit and loss account. Only written premiums of the business accepted are covered.

For the breakdown premiums from non-bonus contracts: Article 63 of Directive 91/674/EEC.

Link to other variables:

Gross direct premiums written, premiums from non-bonus contracts (12 11 7)

Gross direct premiums written, premiums from bonus contracts (12 11 8)

Gross direct premiums written, premiums from contracts where the investment risk is borne by policyholders (12 11 9)

Gross direct premiums written (12 11 1)

Code

12 11 8

Name

Gross direct premiums written, premiums from bonus contracts

Annex

Definition:

Article 35 of Council Directive 91/674/EEC — gross direct premiums written, premiums from bonus contracts is included in the technical part of the profit and loss account.

Note:

For the breakdown premiums from bonus contracts: Article 63 of Directive 91/674/EEC.

Link to other variables:

Gross direct premiums written, premiums from non-bonus contracts (12 11 7)

Gross direct premiums written, premiums from bonus contracts (12 11 8)

Gross direct premiums written, premiums from contracts where the investment risk is borne by policyholders (12 11 9)

Gross direct premiums written (12 11 1)

Code

12 11 9

Name

Gross direct premiums written, premiums from contracts where the investment risk is borne by policyholders

Annex

Definition:

Article 35 of Council Directive 91/674/EEC — gross direct premiums written, premiums from contracts where the investment risk is borne by policyholders is included in the technical part of the profit and loss account.

Note:

For the breakdown premiums from contracts where the investment risk is borne by policyholders: Article 63 of Directive 91/674/EEC.

Link to other variables:

Gross direct premiums written, premiums from non-bonus contracts (12 11 7)

Gross direct premiums written, premiums from bonus contracts (12 11 8)

Gross direct premiums written, premiums from contracts where the investment risk is borne by policyholders (12 11 9)

Gross direct premiums written (12 11 1)

Code

12 12 0

Name

Production value

Annex

I to IV, VI and VII

Definition

For the statistics on activities defined in Section 3 of Annexes I to IV of Regulation (EC) No 295/2008 with the exception of enterprises with an activity classified in NACE Rev.2 Section K

The production value measures the amount actually produced by the unit, based on sales, including changes in stocks and the resale of goods and services.

The production value is defined as turnover or revenue from sales of goods and rendering of services, plus or minus the changes in stocks of finished products, work in progress and goods and services purchased for resale, minus the purchases of goods and services for resale (only for the goods and services sold during the reporting period and excluding the costs of storage and transport of the goods purchased for resale), plus capitalised production, plus other (operating and extra-ordinary) income (excluding subsidies). Income and expenditure classified as financial or as revenue in the form of interests and dividends in company accounts is excluded from production value. Included in purchases of goods and services for resale are the purchases of services purchased in order to be rendered to third parties in the same condition.

Note

Capitalised production includes the own-account production of all goods that are retained by their producers as investment. The latter includes the production of fixed tangible assets (buildings, etc.) as well as intangible assets (development of software, etc.). Capitalised production is unsold production and is valued at production cost. Note that these capital goods are also to be included in investment.

Note

Other (operating and extra-ordinary) income is a company accounting heading. The contents of this heading may vary between sectors and over time and as such can not be defined precisely for statistical purposes.

For the statistics on activities of NACE Rev.2 groups 65.1 and 65.2, the production value is defined gross premiums earned plus total portfolio investment income plus other services produced minus gross claims incurred, excluding claims management expenses plus capital gains and provisions.

For the statistics on activities defined in Section 3 of Annex VI of Regulation (EC) No 295/2008, the production value is defined as interest receivable and similar income less interest payable and similar charges plus commissions receivable plus income from shares and other variable-yield securities plus net profit or net loss on financial operations plus other operating income.

For the statistics on activities defined in Section 3 of Annex VII of Regulation (EC) No 295/2008, the production value is defined as turnover less insurance premiums payable plus investment income plus other income plus insurance claims receivable less total expenditure on pensions less net change in technical provisions.

For the enterprises of the NACE Rev.2 class 64.11 (central banks) the production value is defined as interest receivable and similar income less interest payable and similar charges plus commissions receivable plus income from shares and other variable-yield securities plus net profit or net loss on financial operations plus other operating income.

Link to company accounts

For the statistics on activities defined in Section 3 of Annexes I to IV of Regulation (EC) No 295/2008 except for the enterprises with an activity classified in NACE Rev.2 Section K

4th Accounting Directive: Council Directive 78/660/EEC

The components of Production value are included in the following accounting headings;

Net turnover
part of Other operating income — excluding subsidies
part of Extra-ordinary income — excluding subsidies
Variation in stocks of finished goods and work in progress
part of Raw materials and consumables relating to purchases and change in stocks of goods for resale
Work performed by the undertaking for its own purposes and capitalised

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

The components of Production value are included in the following accounting headings (function of expense method):

Revenue from sales of goods and rendering of services, income from royalties (excluding revenue from interests and dividends if included in revenue)
Other income — excluding subsidies
+
Changes in inventories of finished goods and work in progress
-
part of raw materials and consumables used relating to purchases and change in stocks of goods for resale
+
work performed by the undertaking for its own purposes and capitalised (included in other income)

The components of Production value are included in the following accounting headings (nature of expense method):

Revenue from sales of goods and rendering of services, income from royalties (excluding revenue from interests and dividends if included in revenue)
Other income — excluding subsidies
-
cost of sales excluding depreciation and amortization costs
+
work performed by the undertaking for its own purposes and capitalised (included in other income)

Link to other variables:

Turnover (12 11 0),

+/-

Change in stocks of finished products and work in progress manufactured by the unit (13 21 3)

+/-

Change in stocks of goods and services purchased for resale in the same condition as received (13 21 1)

Purchases of goods and services purchased for resale in the same condition as received (13 12 0)

Capitalised production

Other operating income (excluding subsidies)

Production value is used in the calculation of Value added at factor cost (12 15 0) and other aggregates and balances.

For the statistics on activities of NACE Rev.2 groups 65.1 and 65.2, the production value is calculated as follows:

For life insurance:

Gross premiums written (12 11 0),

Gross change in the provision for unearned premiums (32 11 2)

Investment income (32 22 0)

Value re-adjustments on investments (32 71 5)

Gains on the realisation on investments (32 71 6)

Income from participating interests (32 71 1)

[(Total gross technical provisions (37 30 0) — Total net technical provisions (37 30 1))/Total net technical provisions (37 30 1)] × (Investment income (32 22 0) — Value readjustments on investments (32 71 5) — Gains on the realisation of investments (32 71 6) — Income from participating interests (32 71 1)),

Other technical income, net amount (32 16 1)

Other income (32 46 0)

Gross claims payments (32 13 1)

Gross change in the provision for outstanding claims (32 13 4)

External and internal claims management expenses (32 61 5)

Gains on the realisation on investments (32 71 6)

Unrealised gains on investments (32 23 0)

Losses on the realisation on investments (32 72 3)

Unrealised losses on investments (32 28 0)

Gross change in life insurance provision (32 25 0,

Bonuses and rebates, net amount (32 16 3)

Change in fund for future appropriations (part of 32 29 0)

Net changes in other technical provisions, not shown under other headings (32 16 2).

For non-life insurance and reinsurance:

Gross premiums written (12 11 0)

Gross change in the provision for unearned premiums (32 11 2)

Investment income (32 42 0)

Value re-adjustments on investments (32 71 5)

Gains on the realisation on investments (32 71 6)

Income from participating interests (32 71 1)

[(Total gross technical provisions (37 30 0) — Total net technical provisions (37 30 1))/Total net technical provisions (37 30 1)] × (Investment income (32 42 0) — Value readjustments on investments (32 71 5) — Gains on the realisation of investments (32 71 6) — Income from participating interests (32 71 1))

Other technical income, net amount (32 16 1)

Other income (32 46 0)

Gross claims payments (32 13 1)

Gross change in the provision for outstanding claims (32 13 4)

External and internal claims management expenses (32 61 5)

Gains on the realisation on investments (32 71 6)

Losses on the realisation on investments (32 72 3)

Bonuses and rebates, net amount (32 16 3)

Change in the equalisation provision (32 15 0)

Net changes in other technical provisions, not shown under other headings (32 16 2).

For the statistics on activities defined in Section 3 of Annex VI of Regulation (EC) No 295/2008, Production value is calculated as:

Interest receivable and similar income (42 11 0)

Interest payable and similar charges (42 12 0)

Commissions receivable (42 14 0)

Income from shares and other variable-yield securities (42 13 1)

Net profit or net loss on financial operations (42 20 0)

Other operating income (42 31 0)

For the statistics on activities defined in Section 3 of Annex VII of Regulation (EC) No 295/2008, Production value is calculated as:

Turnover (12 11 0),

Insurance premiums payable (48 05 0)

Investment income (48 01 0)

Other income (48 02 2),

Insurance claims receivable (48 02 1)

Total expenditure on pensions (48 03 0)

Net change in technical provisions (48 04 0)

Code

12 13 0

Name

Gross margin on goods for resale

Annex

II to IV

Definition

Corresponds to the return on the activity of purchase and resale without further processing. It is calculated from turnover, purchases and changes in stocks of goods and services purchased for resale in the same condition as received.

Included in turnover, purchases and changes in stocks of goods and services for resale are the sales, purchases and changes in stocks of services purchased in order to be rendered to third parties in the same condition.

Also called gross trading margin.

Link to company accounts

For the statistics on activities defined in Section 3 of Annexes I to IV of Regulation (EC) No 295/2008 except for the enterprises with an activity classified in NACE Rev.2 Section K

4th Accounting Directive: Council Directive 78/660/EEC

These figures may not be isolated in company accounts. They are part of net turnover and raw materials and consumables in the accounts according to the 4th Accounting Directive (78/660).

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

These figures may not be isolated in company accounts. In the nature of expense method they are part of revenue and raw materials and consumables used. In the function of expense method they are part of revenue and cost of sales.

Link to other variables:

Gross margin on goods for resale is based on

Turnover from trading activities of purchase and resale (18 16 0)

Purchases of goods and services purchased for resale in the same condition as received (13 12 0)

+/-

Changes in stocks of goods and services purchased for resale in the same condition as received (13 21 1)

Gross margin on goods for resale is a part of Production value (12 12 0)

Code

12 15 0

Name

Value added at factor cost

Annex

I to IV, VI and VII

Definition

For the statistics on activities defined in Section 3 of Annexes I to IV, of Regulation (EC) No 295/2008 except for the enterprises with an activity classified in NACE Rev.2 Section K, value added at factor cost is the gross income from operating activities after adjusting for operating subsidies and indirect taxes.

It can be calculated from turnover, plus capitalised production, plus other operating income (including operating subsidies), plus or minus the changes in stocks, minus the purchases of goods and services, minus other taxes on products which are linked to turnover but not deductible, minus the duties and taxes linked to production. The duties and taxes linked to production are compulsory, unrequited payments, in cash or in kind which are levied by general government, or by the Institutions of the European Union, in respect of the production and importation of goods and services, the employment of labour, the ownership or use of land, buildings or other assets used in production irrespective of the quantity or the value of goods and services produced or sold. Alternatively it can be calculated from gross operating surplus by adding personnel costs.

Income and expenditure classified as financial in company accounts according to the 4th Accounting Directive (78/660/EEC) is excluded from value added. Income and expenditure classified as interest income, dividend income, foreign exchange gain from foreign currency borrowings related to interest costs, gains on redemption and extinguishment of debt or finance costs according to Commission Regulation (EC) 1725/2003 are excluded from value added

Value added at factor costs is calculated ‘gross’ as value adjustments (such as depreciation and impairment losses) are not subtracted.

For the statistics on activities of NACE rev.2 groups 65.1 and 65.2, the value added at factor costs is defined as production value minus gross value of reinsurance services received minus commissions minus other external expenditure on goods and services.

For the statistics on activities defined in Section 3 of Annex VI of Regulation (EC) No 295/2008, the value added at factor costs is defined as production value less total purchases of goods and services.

For the statistics on activities defined in Section 3 of Annex VII of Regulation (EC) No 295/2008, the value added at factor costs is defined as production value less total purchases of goods and services.

For the enterprises of the NACE Rev.2 class 64.11, the value added at factor costs is defined as production value less total purchases of goods and services.

Link to company accounts

For the statistics on activities defined in Section 3 of Annexes I to IV of Regulation (EC) No 295/2008 except for the enterprises with an activity classified in NACE Rev.2 Section K

4th Accounting Directive: Council Directive 78/660/EEC

Value added at factor costs can be calculated directly from the following accounting headings;

Net turnover
Variation in stocks of finished goods and work in progress
Work performed by the undertaking for its own purposes and capitalised
Raw materials and consumables
Other external charges
Other operating charges
Other operating income
Extra-ordinary charges
Extra-ordinary income

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

Value added at factor costs can be calculated directly from the following accounting headings from the nature of expense method

Revenue (excluding revenue from interests and dividends if included in revenue)

+/-

Changes in inventories of finished goods and work in progress

Raw materials and consumables used

Other expenses

Other income

Value added at factor costs can be calculated directly from the following accounting headings from the function of expense method

Revenue (excluding revenue from interests and dividends if included in revenue)

Cost of sales (excluding employee benefits costs, depreciation and amortization costs)

Distribution costs (excluding employee benefits costs)

Administrative expenses (excluding employee benefits costs)

Other expenses

Other income

Link to other variables:

For the statistics on activities defined in Section 3 of Annexes I to IV, of Regulation (EC) No 295/2008 except for the enterprises with an activity classified in NACE Rev.2 Section K,

Value added at factor cost is based on

Turnover (12 11 0)

+/-

Change in stocks of goods and services (13 21 0)

Capitalised production

Other operating income

Purchases of goods and services (13 11 0)

Other taxes on products which are linked to turnover but not deductible

Duties and taxes linked to production

Value added at factor cost is used in the calculation of gross operating surplus (12 17 0) and other aggregates and balances.

For the statistics on activities of NACE rev.2 groups 65.1 and 65.2, Value added at factor cost is calculated as:

Production value (12 12 0),

Total purchases of goods and services (13 11 0).

For the statistics on activities defined in Section 3 of Annex VI of Regulation (EC) No 295/2008, the value added at factor cost is calculated follows:

Production value (12120),

Total purchases of goods and services (13 11 0).

For the statistics on activities defined in Section 3 of Annex VII of Regulation (EC) No 295/2008, the value added at factor cost is calculated follows:

Production value (12 12 0),

Total purchases of goods and services (13 11 0).

Code

12 17 0

Name

Gross operating surplus

Annex

I to IV

Definition

Gross operating surplus is the surplus generated by operating activities after the labour factor input has been recompensed. It can be calculated from the value added at factor cost less the personnel costs. It is the balance available to the unit which allows it to recompense the providers of own funds and debt, to pay taxes and eventually to finance all or a part of its investment.

Link to company accounts

For the statistics on activities defined in Section 3 of Annexes I to IV of Regulation (EC) No 295/2008 except for the enterprises with an activity classified in NACE Rev.2 Section K

4th Accounting Directive: Council Directive 78/660/EEC

Gross operating surplus can be calculated from the following accounting headings;

Net turnover

Variation in stocks of finished goods and work in progress
Work performed by the undertaking for its own purposes and capitalised
Raw materials and consumables
Other external charges
Other operating charges
Other operating income
Extra-ordinary charges
Extra-ordinary income
Staff costs

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

Gross operating surplus can be calculated directly from the following accounting headings from the nature of expense method

Revenue (excluding revenue from interests and dividends if included in revenue)
+/-
Changes in inventories of finished goods and work in progress
-
Raw materials and consumables used
-
Other expenses
+
Other income
-
employee benefits costs

Gross operating surplus can be calculated directly from the following accounting headings from the function of expense method

Revenue (excluding revenue from interests and dividends if included in revenue)
-
Cost of sales (excluding depreciation and amortization costs)
-
Distribution costs (excluding depreciation and amortization costs)
-
Administrative expenses (excluding depreciation and amortization costs)
-
Other expenses (excluding depreciation and amortization costs)
+
Other income

Link to other variables:

Gross operating surplus is based on

Value added at factor cost (12 15 0)

Personnel costs (13 31 0)

Code

13 11 0

Name

Total purchases of goods and services

Annex

I to IV, VI and VII

Definition

Purchases of goods and services include the value of all goods and services purchased during the accounting period for resale or consumption in the production process, excluding capital goods the consumption of which is registered as consumption of fixed capital. The goods and services concerned may be either resold with or without further transformation, completely used up in the production process or, finally, be stocked.

Included in these purchases are the materials that enter directly into the goods produced (raw materials, intermediary products, components), plus non-capitalised small tools and equipment. Also included are the value of ancillary materials (lubricants, water, packaging, maintenance and repair materials, office materials) as well as energy products. Included in this variable are the purchases of materials made for the production of capital goods by the unit.

Services paid for during the reference period are also included regardless of whether they are industrial or non-industrial. In this figure are payments for all work carried out by third parties on behalf of the unit including current repairs and maintenance, installation work and technical studies. Amounts paid for the installation of capital goods and the value of capitalised goods are excluded.

Also included are payments made for non-industrial services such as legal and accountancy fees, patents and licence fees (where they are not capitalised), insurance premiums, costs of meetings of shareholders and governing bodies, contributions to business and professional associations, postal, telephone, electronic communication, telegraph and fax charges, transport services for goods and personnel, advertising costs, commissions (where they are not included in wages and salaries), rents, bank charges (excluding interest payments) and all other business services provided by third parties. Included are services which are transformed and capitalised by the unit as capitalised production.

Expenditure classified as financial expenditure or as revenue in the form or interests and dividends is excluded from the total purchases of goods and services.

Purchases of goods and services are valued at the purchase price, i.e. the price the purchaser actually pays for the products, including any taxes less subsidies on the products bought excluding however value added type taxes

All other taxes and duties on the products are therefore not deducted from the valuation of the purchases of goods and services. The treatment of taxes on production is not relevant in the valuation of these purchases.

For the statistics on activities defined in Section 3 of Annexes I to IV, of Regulation (EC) No 295/2008 except for the enterprises with an activity classified in NACE Rev.2 Section K, expenditure classified as financial expenditure in company accounts is excluded from the total purchases of goods and services.

For the statistics on activities of NACE Rev.2 groups 65.1 and 65.2, the total purchases of goods and services is defined as the gross value of reinsurance services received plus total of commissions as referred to in Article 64 of Council Directive 91/674 plus any other external expense on goods and services (excluding personnel costs).

For the statistics on activities defined in Section 3 of Annex VI of Regulation (EC) No 295/2008, the total purchases of goods and services is defined as commissions payable plus other administrative expenses plus other operating charges.

Link to company accounts

For the statistics on activities defined in Section 3 of Annexes I to IV of Regulation (EC) No 295/2008 except for the enterprises with an activity classified in NACE Rev.2 Section K

4th Accounting Directive: Council Directive 78/660/EEC

Purchases of goods and services can be calculated from the accounting headings

Raw materials and consumables (before account is made of changes in stocks of goods and services)
Other external charges (before account is made of changes in stocks of goods and services)
part of Other operating charges — The part included here concerns payments for goods and services not included in the two headings above (raw materials and consumables and other external charges). The part not included here concerns the payment of taxes on production.
Extra-ordinary charges

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Com-mission Regulation (EC) No 1725/2003

Purchases of goods and services can be calculated from the following accounting headings from the nature of expense method

Raw materials and consumables used
Other expenses (before account is made of changes in stocks of goods and services)

Purchases of goods and services can be calculated from the following accounting headings from the function of expense method

Cost of sales (before account is made of changes of goods and services and excluding employee benefits costs, depreciation and amortization costs)
Distribution costs (made during the accounting period and excluding employee benefits costs, depreciation and amortization costs)
Administrative expenses (made during the accounting period and excluding employee benefits costs, depreciation and amortization costs)
Other expenses

Link to other variables:

For the statistics on activities defined in Section 3 of Annexes I to IV, of Regulation (EC) No 295/2008 except for the enterprises with an activity classified in NACE Rev.2 Section K, total purchases of goods and services is used in the calculation of Value added at factor cost (12 15 0) and other aggregates and balances.

Many items included within Total purchases of goods and services are identified separately

Purchases of goods and services purchased for resale in the same condition as received (13 12 0)
Payments for agency workers (13 13 1)
Payments for long term rental and operational leasing of goods (13 41 1)
Purchases of energy products (20 11 0)

For the statistics on activities of NACE Rev.2 groups 65.1 and 65.2, Total purchases of goods and services is calculated as:

For life insurance:

Reinsurance balance (32 18 0),

[(Total gross technical provisions (37 30 0) — Total net technical provisions (37 30 1))/Total net technical provisions (37 30 1)] × (Investment income (32 22 0) — Value re-adjustments on investments (32 71 5) — Gains on the realisation of investments (32 71 6) — Income from participating interests (32 71 1)),

Commissions (32 61 1),

External expenditure on goods and services (32 61 4)

For non-life insurance and reinsurance:

Reinsurance balance (32 18 0),

[(Total gross technical provisions (37 30 0) — Total net technical provisions (37 30 1))/Total net technical provisions (37 30 1)] × (Investment income (32 42 0) — Value re-adjustments on investments (32 71 5) — Gains on the realisation of investments (32 71 6) — Income from participating interests (32 71 1)),

Commissions (32 61 1),

External expenditure on goods and services (32 61 4)

For the statistics on activities defined in Section 3 of Annex VI of Regulation (EC) No 295/2008, total purchases of goods and services is calculated as:

Commissions payable (42 15 0),

Other administrative expenses (42 32 2),

Other operating charges (42 33 0).

For the statistics on activities defined in Section 3 of Annex VII of Regulation (EC) No 295/2008, The variable Total purchases of goods and services (13 11 0) is used in the calculation of the variable Total operational expenses (48 06 0).

Code

13 12 0

Name

Purchases of goods and services purchased for resale in the same condition as received

Annex

I to IV

Definition

Purchases for resale are purchases of goods for resale to third parties without further processing. It also includes purchases of services by ‘invoicing’ service companies, i.e. those whose turnover is composed not only of agency fees charged on a service transaction (as in the case of estate agents) but also the actual amount involved in the service transaction, e.g. transport purchases by travel agents. The value of goods and services which are sold to third parties on a commission basis are excluded since these goods are neither bought nor sold by the agent receiving the commission.

When services for resale are referred to here, the services concerned are the output from service activities, rights to use predetermined services, or physical supports for services. Purchases of goods and services purchased for resale in the same condition as received are valued at the purchase price excluding deductible VAT and other deductible taxes linked directly to turnover. All other taxes and duties on the products are therefore not deducted from the valuation of the purchases of goods and services.

The treatment of taxes on production is not relevant in the valuation of these purchases.

Link to company accounts

For the statistics on activities defined in Section 3 of Annexes I to IV of Regulation (EC) No 295/2008 except for the enterprises with an activity classified in NACE Rev.2 Section K

4th Accounting Directive: Council Directive 78/660/EEC

Purchases of goods and services purchased for resale in the same condition as received may not be isolated in company accounts. It is a part of

Raw materials and consumables
Other external charges
Other operating charges

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Com-mission Regulation (EC) No 1725/2003

Purchases of goods and services purchased for resale in the same condition as received may not be isolated in company accounts. It is part of the following accounting headings from the nature of expense method

Raw materials and consumables used (before account is made of changes in stocks of goods and services)
Other expenses

Cost of sales (before account is made of changes of goods and services and excluding employee benefits costs, depreciation and amortization costs)
Other expenses

Link to other variables:

Part of Total purchases of goods and services (13 11 0)

Purchases of goods and services purchased for resale in the same condition as received is used in the calculation of Gross margin on goods for resale (12 13 0), in Production value (12 12 0) and other aggregates and balances.

Code

13 13 1

Name

Payments for agency workers

Annex

I to IV

Definition

Included in this figure are payments to temporary employment agencies and similar organisations supplying workers to clients' businesses for limited periods of time to supplement or temporarily replace the working force of the client, where the individuals provided are employees of the temporary help service unit. However, these agencies and organisations do not provide direct supervision of their employees at the clients' work sites. Only the payments for the provision of personnel which is not linked to the provision of a particular industrial or other non-industrial service is included.

Link to company accounts

For the statistics on activities defined in Section 3 of Annexes I to IV of Regulation (EC) No 295/2008 except for the enterprises with an activity classified in NACE Rev.2 Section K

4th Accounting Directive: Council Directive 78/660/EEC

Payments for agency workers may not be isolated in company accounts. It is part of other external charges and other operating charges.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

Payments for agency workers may not be isolated in company accounts. It is part of the heading other expenses or part of raw materials and consumables used (in some cases when the agency workers concern production activities) from the nature of expense method.

Payments for agency workers may not be isolated in company accounts. It is part of the headings cost of sales, distribution costs, administrative expenses and/or other expenses from the function of expense method.

For the statistics on activities of NACE Rev. 2 groups 65.1 and 65.2

Payments for agency workers may not be isolated in company accounts as described in Article 34, III 16 of Council Directive 91/674/EEC

For the statistics on activities of credit institutions of NACE rev.2 classes 64.19 and 64.92

Payments for agency workers may not be isolated in Other administrative expenses, as referred to in Article 27, item 8b, and Article 28, item A 4b of Directive 86/635/EEC

Link to other variables:

Part of Total purchases of goods and services (13 11 0)

Code

13 21 0

Name

Change in stocks of goods and services

Annex

III

Definition

Change in stocks (positive or negative) is the difference between the value of the stocks at the end and the beginning of the reference period. Change in stocks may be measured by the value of entries into stocks less the value of withdrawals and the value of any recurrent losses of goods held in stocks. Stocks are recorded at purchaser's prices exclusive of VAT if they are purchased from another unit, otherwise at production cost.

Among stocks (and the change in stocks), the following breakdown can be made:

stocks of finished goods
stocks of work in progress
stocks of goods and services purchased for resale in the same condition as received,
stocks of raw materials and consumables.

Included are the stocks of finished products or in the course of production, which have been produced by the unit and which have not yet been sold. These products include work in progress belonging to the unit, even if the products in question are in the possession of third parties. Equally, products held by the unit which belong to third parties are excluded.

Included are the stocks of goods and services bought for the sole purpose of reselling them in the same condition. Excluded are stocks of goods and services which are provided to third parties on a commission basis. Products purchased for resale and stocked by services enterprises can include goods (industrial equipment in the case of ‘turnkey’ engineering contracts, or buildings in the case of property development, etc.) as well as services (rights to use advertising space, transport, accommodation, etc.).

When services are stocked the services concerned are the output from service activities, rights to use predetermined services, or physical supports for services.

Included also are the stocks of raw and ancillary materials, intermediary products, components, energy, non-capitalised small tools and services which belong to the unit.

Link to company accounts

4th Accounting Directive: Council Directive 78/660/EEC

Changes in stocks of goods and services can be calculated from the following headings;

Variation in stocks of finished goods and in work in progress

Part of raw materials and consumables

Part of other external charges

Part of other operating charges

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

Changes in stocks of goods and services can be calculated from the following headings in the income statement according to the nature of expenses

Changes in inventories of finished goods and work in progress;

Part of raw materials and consumables used

Part of other expenses

Changes in stocks of goods and services can be calculated from the following headings in the income statement according to the function of expenses

Part of Cost of sales;

Part of distribution costs

Part of administrative expenses

Part of other expenses

Link to other variables:

Change in stocks of goods and services is used in the calculation of Value added at factor costs (12 15 0) and other aggregates and balances.
Change in stocks of goods and services may be broken down by type of stocks: i) Change in stocks of goods and services purchased for resale in the same condition as received (13 21 1) ii) Change in stocks of finished products and work in progress manufactured by the unit (13 21 3) and iii) Change in stocks of raw materials and consumables.

Code

13 21 1

Name

Change in stocks of goods and services purchased for resale in the same condition as received

Annex

III

Definition

This variable is defined as the change in stocks at purchaser's prices exclusive of VAT between the end and the beginning of the reference period. The change in stocks may be measured by the value of entries into stocks of products purchased for resale less the value of withdrawals and the value of any recurrent losses of goods held in stocks.

Included in these stocks are goods and services bought for the sole purpose of reselling them in the same condition. Excluded are stocks of goods and services which are provided to third parties on a commission basis.

Products purchased for resale and stocked by services enterprises can include goods (industrial equipment in the case of ‘turnkey’ engineering contracts, or buildings in the case of property development, etc.) as well as services (rights to use advertising space, transport, accommodation, etc.).

When services are stocked the services concerned are the output from service activities, rights to use predetermined services, or physical supports for services.

Link to company accounts

4th Accounting Directive: Council Directive 78/660/EEC

Change in stocks of goods purchased for resale in the same condition as received may not be isolated in company accounts. They are part of raw materials and consumables, other external charges and other operating charges

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Com-mission Regulation (EC) No 1725/2003

Changes in stocks of goods and services for resale in the same condition as received may not be isolated in company accounts. They are part of raw materials and consumables used and other expenses in the income statement according to the nature of expenses

Changes in stocks of goods and services for resale in the same condition as received may not be isolated in company accounts. They are part of Cost of sales and other expenses in the income statement according to the function of expenses

Link to other variables:

Change in stocks of goods purchased for resale in the same condition is used in the calculation of gross margin on goods for resale (12 13 0), Production value (12 12 0) and other aggregates and balances.
Part of Change in stocks of goods and services (13 21 0)

Code

13 21 3

Name

Change in stocks of finished products and work in progress manufactured by the unit

Annex

II and IV

Definition

This variable is defined as the change in the value of the stocks of finished products or in the course of production, which have been produced by the unit and which have not yet been sold, between the first and last days of the reference period.

These products include work in progress belonging to the unit, even if the products in question are in the possession of third parties. Equally, products held by the unit which belong to third parties are excluded.

Stocks are valued at production cost, and are valued prior to value adjustments (such as depreciation).

Link to company accounts

4th Accounting Directive: Council Directive 78/660/EEC

Change in stocks of finished goods and work in progress are recorded in company accounts as the heading Variation in stocks of finished goods and work in progress.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

Changes in stocks of finished goods and work in progress are recorded in the income statement according to the nature of expenses as the Heading Changes in inventories of finished goods and work in progress;

Changes in stocks of finished goods and work in progress are part of the Heading cost of sales in the income statement according to the function of expenses

Link to other variables:

Change in stocks of finished goods and work in progress manufactured by the unit is used in the calculation of Production value (12 12 0) and other aggregates and balances.
Part of Change in stocks of goods and services (13 21 0)

Code

13 31 0

Name

Personnel costs

Annex

I to VII

Definition

Personnel costs are defined as the total remuneration, in cash or in kind, payable by an employer to an employee (regular and temporary employees as well as home workers) in return for work done by the latter during the reference period. Personnel costs also include taxes and employees' social security contributions retained by the unit as well as the employer's compulsory and voluntary social contributions.

Personnel costs are made up of:

wages and salaries
employers' social security costs

All remuneration paid during the reference period is included, regardless of whether it is paid on the basis of working time, output or piecework, and whether it is paid regularly or not. Included are all gratuities, workplace and performance bonuses, ex gratia payments, thirteenth month pay (and similar fixed bonuses), payments made to employees in consideration of dismissal, lodging, transport, cost of living and family allowances, commissions, attendance fees, over-time, night work etc. as well as taxes, social security contributions and other amounts owed by the employees and retained at source by the employers.

Also included are the social security costs for the employer. These include employer's social security contributions to schemes for retirement pensions, sickness, maternity, disability, unemployment, occupational accidents and diseases, family allowances as well as other schemes. These costs are included regardless of whether they are statutory, collectively agreed, contractual or voluntary in nature.

Payments for agency workers are not included in personnel costs.

Link to company accounts

4th Accounting Directive: Council Directive 78/660/EEC

Personnel costs can be calculated directly from the following accounting headings;

Staff costs, which is the sum of the headings wages and salaries and social security costs

Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

Personnel costs can be calculated directly from the accounting heading Employee benefits costs in the income statement according to the nature of expenses

Employee benefits costs are disclosed in addition to the income statement according to the function of expenses

Link to other variables:

Personnel costs is based on

Wages and salaries (13 32 0)

Social security costs (13 33 0)

Personnel costs is used in the calculation of Gross operating surplus (12 17 0) and other aggregates and balances.

Code

13 32 0

Name

Wages and salaries

Annex

I to IV

Definition

Wages and salaries are defined as ‘the total remuneration, in cash or in kind, payable to all persons counted on the payroll (including homeworkers), in return for work done during the accounting period.’ regardless of whether it is paid on the basis of working time, output or piece-work and whether it is paid regularly or not.

Wages and salaries include the values of any social contributions, income taxes, etc. payable by the employee even if they are actually withheld by the employer and paid directly to social insurance schemes, tax authorities, etc. on behalf of the employee. Wages and salaries do not include social contributions payable by the employer.

Wages and salaries include: all gratuities, bonuses, ex gratia payments, ‘thirteenth month payments’, severance payments, lodging, transport, cost-of-living, and family allowances, tips, commission, attendance fees, etc. received by employees, as well as taxes, social security contributions and other amounts payable by employees and withheld at source by the employer. Wages and salaries which the employer continues to pay in the event of illness, occupational accident, maternity leave or short-time working may be recorded here or under social security costs, dependent upon the unit's accounting practices.

Payments for agency workers are not included in wages and salaries.

Link to company accounts

4th Accounting Directive: Council Directive 78/660/EEC

Wages and salaries are recorded in company accounts as the heading Wages and salaries.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

Wages and salaries are part of the heading Employee benefits costs in the income statement according to the nature of expenses

Wages and salaries are part of the heading Employee benefits costs disclosed in addition to the income statement according to the function of expenses

Link to other variables:

Wages and salaries is used in the calculation of Personnel costs (13 31 0)

Code

13 33 0

Name

Social security costs

Annex

I to IV

Definition

Employers' social security costs correspond to an amount equal to the value of the social contributions incurred by employers in order to secure for their employees the entitlement to social benefits.

Social security costs for the employer include the employer's social security contributions to schemes for retirement pensions, sickness, maternity, disability, unemployment, occupational accidents and diseases, family allowances as well as other schemes.

Included are the costs for all employees including homeworkers and apprentices.

Charges are included for all schemes, regardless of whether they are statutory, collectively agreed, contractual or voluntary in nature. Wages and salaries which the employer continues to pay in the event of illness, occupational accident, maternity leave or short-time working may be recorded here or under wages and salaries, dependent upon the unit's accounting practices.

Link to company accounts

4th Accounting Directive: Council Directive 78/660/EEC

Social security costs are recorded in company accounts as the heading Social security costs.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

Social security costs are part of the heading Employee benefits costs in the income statement according to the nature of expenses

Social security costs are part of the heading Employee benefits costs disclosed in addition to the income statement according to the function of expenses

Link to other variables:

Social security costs is used in the calculation of Personnel costs (13 31 0)

Code

13 41 1

Name

Payments for long term rental and operational leasing of goods

Annex

II and IV

Definition

The payments for long-term rental include all charges relative to the renting of tangible goods for a period greater than one year.

Operational leases are those leases which do not transfer substantially all the risks and rewards incident to legal ownership to the lessee. Under an operational lease, the lessee acquires the right to use a durable good for a certain period of time, which may be long or short and not necessarily settled in advance. When the leasing period expires, the lessor expects to receive his good back in more or less the same condition as when he hired it out, apart from normal wear and tear. Thus the leasing period does not cover all, or a predominant part of, the good's economic lifetime. Payments for the operational leasing of goods relate to the cost of using the tangible goods made available to the unit through these contracts.

If all risks and rewards of ownership are, de facto though not de jure, transferred from lessor to lessee, the lease is a financial one. In financial leasing, the leasing period covers all, or most of, the economic lifetime of the durable good. At the end of the leasing period the lessee often has the option to buy the good at a nominal price. The lessor does not need to possess any expertise about the good in question. He offers no repair, maintenance or replacement services to the lessee. Normally, the good is chosen by the lessee and delivered directly to him by the producer or seller. The lessor's role is thus purely financial. All payments regarding financial leasing should be excluded from variable 13 41 1. The purchase price of the good in question should be recorded under gross investments at the time of the acquisition of the good.

Link to company accounts

4th Accounting Directive: Council Directive 78/660/EEC

Payments for long term rental and operational leasing of goods may not be isolated in company accounts. It is part of other external charges and other operating charges.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

Payments for long term rental and operational leasing of goods may not be isolated in company accounts. It is part of other expenses in the income statement according to the nature of expenses

Payments for long term rental and operational leasing of goods may not be isolated in company accounts. It is part of other expenses in the income statement according to the function of expenses.

Link to other variables:

Part of Total purchases of goods and services (13 11 0)

Code

15 11 0

Name

Gross investment in tangible goods

Annex

I to IV, VI and VII

Definition

Investment during the reference period in all tangible goods. Included are new and existing tangible capital goods, whether bought from third parties, acquired under a financial lease contract (i.e. the right to use a durable good in exchange for rental payments over a predetermined and protracted term) or produced for own use (i.e. Capitalised production of tangible capital goods), having a useful life of more than one year including non-produced tangible goods such as land. The threshold for the useful life of a good that can be capitalised may be increased according to company accounting practices where these practices require a greater expected useful life than the 1 year threshold indicated above.

All investments are valued prior to (i.e. gross of) value adjustments, and before the deduction of income from disposals. Purchased goods are valued at purchase price, i.e. transport and installation charges, fees, taxes and other costs of ownership transfer are included. The value of goods acquired via financial lease corresponds to the market value of the good if it had been purchased in the year of acquisition only. This value is in principle known in the contract or can be estimated by summing-up the part of the instalments that cover the capital reimbursement. The part of instalments corresponding to the interest payments are to be excluded. Own produced tangible goods are valued at production cost. Goods acquired through restructurations (such as mergers, take-overs, break-ups, split-off) are excluded. Purchases of small tools which are not capitalised are included under current expenditure.

Also included are all additions, alterations, improvements and renovations which prolong the service life or increase the productive capacity of capital goods.

Current maintenance costs are excluded as is the value and current expenditure on capital goods used under rental and operational lease contracts. Annual payments for assets used under financial leasing should be excluded. Investments in intangible and financial assets are excluded.

Financial leasing furthermore is characterized by the fact that all risks and rewards of ownership are de facto though not de jure transferred from lessor to lessee. The leasing period covers all, or most of, the economic lifetime of the durable good. At the end of the leasing period the lessee often has the option to buy the good at nominal price. The lessor's role is purely financial.

Concerning the recording of investments where the invoicing, delivery, payment and first use of the good may take place in different reference periods, the following method is proposed as an objective:

Investments are recorded when the ownership is transferred to the unit that intends to use them. For the goods acquired via financial leasing the value is to be recorded at the time when the good is delivered to the lessee. Capitalised production is recorded when produced. Concerning the recording of investments made in identifiable stages, each part-investment should be recorded in the reference period in which they are made.

In practice this may not be possible and company accounting conventions may mean that the following approximations to this method need to be used:

investments are recorded in the reference period in which they are delivered,

ii)

investments are recorded in the reference period in which they enter into the production process,

iii)

investments are recorded in the reference period in which they are invoiced,

iv)

investments are recorded in the reference period in which they are paid for.

Link to company accounts

Investment is not recorded in the balance sheet. However, the additions, disposals and transfers of all fixed assets as well as the value adjustments of these fixed assets are shown in the balance sheet or the notes to the accounts.

4th Accounting Directive: Council Directive 78/660/EEC

Tangible goods are listed in company accounts under Fixed assets — tangible assets. The value of tangible goods acquired through financial leasing is not referred to in the IVth Accounting Directive. However, some national accounting standards do permit these goods to be capitalised in the balance sheet.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

Tangible goods are listed in company accounts under Property, plant and equipment. Information regarding financial leases has to be disseminated separately in the company accounts.

Link to other variables:

Gross investment in tangible goods is based on

Gross investment in land (15 12 0)

Gross investment in existing buildings and structures (15 13 0)

Gross investment in construction and alteration of buildings (15 14 0)

Gross investment in machinery and equipment (15 15 0)

Gross investment in tangible goods can be greater than the sum of 15 12 0+15 13 0+15 14 0+15 15 0 as there are asset items such as art, forests, orchards, cattle… which cannot be attributed to either of the categories of tangible goods.

Code

15 12 0

Name

Gross investment in land

Annex

II to IV

Definition

Included under this variable, in addition to land, are underground deposits, forests and inland waters. Where land is purchased with existing buildings and the value of the two components is not separable, the total is recorded under this heading if it is estimated that the value of the land exceeds the value of the existing buildings. If the existing buildings are estimated to be of greater value than the land, the total is recorded under gross investment in existing buildings and structures (15 13 0). Also included here is land merely improved by levelling, the laying of pipes or by the provision of paths or roads. Land acquired through restructurations (such as mergers, take-overs, break-ups, split-off) is excluded.

Link to company accounts

4th Accounting Directive: Council Directive 78/660/EEC

Land is not isolated in the list of tangible assets included in company accounts under Fixed assets — tangible assets — Land and buildings. The part relating to buildings should be excluded from this. Part of payments on account and tangible assets in course of construction should be included insofar as they relate to land.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

Gross investment in land is not isolated in the company accounts, it is included under Property, plant and equipment

Link to other variables:

Part of Gross investment in tangible goods (15 11 0)

Code

15 13 0

Name

Gross investment in existing buildings and structures

Annex

II to IV

Definition

The investment includes the cost of the existing buildings (that have been used before) and structures which have been acquired during the reference period. Where land is purchased with existing buildings and the value of the two components is not separable, the total is recorded under this heading if it is estimated that the value of the existing buildings exceeds the value of the land. If the land is estimated to be of greater value than the existing buildings, the total is recorded under gross investment in land (15 12 0). Purchases of new buildings that have never been used are excluded. Existing buildings and structures acquired through restructurations (such as mergers, take-overs, break-ups, split-off) are excluded.

Link to company accounts

4th Accounting Directive: Council Directive 78/660/EEC

Gross investment in existing buildings and structures is not isolated in the list of tangible assets included in company accounts under Fixed assets — tangible assets — Land and buildings. The parts relating to Land and construction and alteration of buildings should be excluded from this. Part of payments on account and tangible assets in course of construction should be included insofar as they relate to existing buildings and structures.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Com-mission Regulation (EC) No 1725/2003

Gross investment in existing buildings and structures is not isolated in the company accounts, it is included under Property, plant and equipment

Link to other variables:

Part of Gross investment in tangible goods (15 11 0)

Code

15 14 0

Name

Gross investment in construction and alteration of buildings

Annex

II to IV

Definition

This variable covers expenditure during the reference period on the construction or conversion of buildings. Purchases of new buildings that have never been used are included. Also included are all additions, alterations, improvements and renovations which prolong the service life or increase the productive capacity of buildings.

Included are permanent installations such as water supply, central heating, air conditioning, lighting etc. as well as construction expenditure related to oil wells (drilling), operational mines, pipe lines, power transmission lines, gas-pipes, railway lines, port installations, roads, bridges, viaducts, drains and other site improvements. Current maintenance costs are excluded.

Link to company accounts

4th Accounting Directive: Council Directive 78/660/EEC

Gross investment in construction and alteration of buildings is not isolated in the list of tangible assets included in company accounts under Fixed assets — tangible assets — Land and buildings. The parts relating to Land and existing buildings and structures should be excluded from this. Part of payments on account and tangible assets in course of construction should be included insofar as they relate to existing construction and alteration of buildings.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

Gross investment in construction and alteration of buildings is not isolated in the company accounts, it is included under Property, plant and equipment

Link to other variables:

Part of Gross investment in tangible goods (15 11 0)

Code

15 15 0

Name

Gross investment in machinery and equipment

Annex

II to IV

Definition

This variable covers machinery (office machines, etc.), special vehicles used on the premises, other machinery and equipment, all vehicles and boats used off the premises, i.e. motor cars, commercial vehicles and lorries as well as special vehicles of all types, boats, railway wagons, etc. acquired new or second hand during the reference period.. Machinery and equipment acquired through restructurations (such as mergers, take-overs, break-ups, split-off) are excluded. Also included are all additions, alterations, improvements and renovations which prolong the service life or increase the productive capacity of these capital goods. Current maintenance costs are excluded.

Link to company accounts

4th Accounting Directive: Council Directive 78/660/EEC

Gross investment in machinery and equipment is included in the list of tangible assets included in company accounts under Fixed assets — tangible assets — Plant and machinery and other fixtures and fittings, tools and equipment. Part of payments on account and tangible assets in course of construction should be included insofar as they relate to machinery and equipment.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

Gross investment in machinery and equipment is not isolated in the company accounts, it is included under Property, plant and equipment. Part of payments on account and tangible assets in course of construction should be included insofar as they relate to machinery and equipment

Link to other variables:

Part of Gross investment in tangible goods (15 11 0)

Code

15 21 0

Name

Sales of tangible investment goods

Annex

II to IV

Definition

Sales of tangible goods includes the value of existing tangible capital goods, sold to third parties. Sales of tangible capital goods are valued at the price actually received (excluding VAT), and not at book value, after deducting any costs of ownership transfer incurred by the seller. Value adjustments and disposals other than by sale are excluded

Link to company accounts

Sales of investment goods are not recorded in the balance sheet. However, the additions, disposals and transfers of all fixed assets are shown in the balance sheet or the notes to the accounts.

4th Accounting Directive: Council Directive 78/660/EEC

Tangible investment goods refers to assets listed in company accounts under Fixed assets — tangible assets.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

Tangible investment goods refer to assets listed in company accounts under Property, plant and equipment

Code

15 42 0

Name

Gross investment in concessions, patents, licences, trade marks and similar rights

Annex

Definition

Investment in concession, patents, licences, trade marks and similar rights are recognised to be an intangible asset if and only if it is probable that the future economic benefits that are attributable to the asset will flow to the enterprise and if the cost of the asset can be measured reliably. This requirement applies whether an intangible asset is acquired externally or generated internally.

A concession is a business operated under a contract or license associated with a degree of exclusivity in exploiting a business within a certain geographical area. For example, sports arenas or public parks may have concession stands; and public services such as water supply may be operated as concessions. The owner of the concession — the concessionaire — operates as an independent business and pays either a fixed fee, a percentage of revenue or profit, or both to the entity with the ability to assign exclusive rights for an area or facility. A concession may involve the transfer to the concessionaire of the right to use some existing infrastructure required to carry out a business (such as a water supply system in a city).

A patent is a legal title of industrial property granting its owner the exclusive right to exploit an invention commercially for a limited area and time. The patent confers its owner the right to stop others from, among other things, making, using or selling such invention without authorization. In return for the exclusive right to exploit it, the technical details of the invention are published. Patentability requires novelty, inventiveness and industrial applicability of the invention.

A licensor may grant license under ‘intellectual property’ to do something (such as copy software or use a patented invention) without fear of a claim of intellectual property infringement brought by the licensor. A license under intellectual property commonly has several component parts, including a term, territory, renewal, as well as other limitations deemed vital to the licensor.

A trademark is a distinctive sign that can be represented graphically. A competitive tool, it is a means for industries and other businesses of attracting and retaining customers by distinguishing their goods and services from their competitors'

A Mark is used to differentiate a product or a service. Trademarks can be two- or three-dimensional and can be made up of words, pictures, colours, and/or sounds and so forth.

Link to company accounts

4th Accounting Directive: Council Directive 78/660/EEC

Concessions, patents, licenses, trademarks and similar rights refer to assets listed in company accounts under Fixed assets — intangible assets.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

Concessions, patents, licenses, trademarks and similar rights refer to assets listed in company accounts under intangible assets.

Code

15 44 1

Name

Investment in purchased software

Annex

II, IV

Definition

Investment in purchased software are recognised to be an intangible asset if and only if it is probable that the future economic benefits that are attributable to the asset will flow to the enterprise and if the cost of the asset can be measured reliably. If the purchase of software does not meet these conditions, it is recognised as an expense when it is incurred and included in the value of variable 13 11 0 Total purchases of goods and services.

The investment in purchased software comprises its purchase price, including any import duties and non-refundable purchase taxes, and any directly attributable expenditure on preparing the software for its intended use. Directly attributable expenditure includes, for example, professional fees for its installation. Any trade discounts and rebates are deducted in arriving at the cost.

Link to company accounts

4th Accounting Directive: Council Directive 78/660/EEC

Investments in software are listed in company accounts under Fixed assets — intangible assets.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

Investments in software refer to assets listed in company accounts under intangible assets.

Code

16 11 0

Name

Number of persons employed

Annex

I to VII

Definition

The number of persons employed is defined as the total number of persons who work in the observation unit (inclusive of working proprietors, partners working regularly in the unit and unpaid family workers working regularly in the unit), as well as persons who work outside the unit who belong to it and are paid by it (e.g. sales representatives, delivery personnel, repair and maintenance teams). It includes persons absent for a short period (e.g. sick leave, paid leave or special leave), and also those on strike, but not those absent for an indefinite period. It also includes part-time workers who are regarded as such under the laws of the country concerned and who are on the pay-roll, as well as seasonal workers, apprentices and home workers on the pay-roll.

Number of women employed is part of the number of persons employed (16 11 0).

Code

16 12 0

Name

Number of unpaid persons employed

Annex

I to IV and VI

Definition

The number of unpaid persons employed is defined as the number of persons who work regularly in the observation unit and who do not receive compensation in the form of wages, salaries, fees, gratuities, piecework pay or remuneration in kind (unpaid family workers, working proprietors not receiving a compensation in the form of wages, salaries, ….).

Link to other variables:

Number of unpaid persons employed (16 12 0) is calculated as the difference between the number of person employed (16 11 0) and the number of employees (16 13 0).

Code

16 13 0

Name

Number of employees

Annex

I to IV and VI

Definition

The number of employees is defined as those persons who work for an employer and who have a contract of employment and receive compensation in the form of wages, salaries, fees, gratuities, piecework pay or remuneration in kind. (All persons for whom payments are booked under the heading personnel costs in the profit and loss accounts of the enterprise should be included even if in some cases no contract of employment exists).

The relationship of employer to employee exists when there is an agreement, which may be formal or informal, between an enterprise and a person, normally entered into voluntarily by both parties, whereby the person works for the enterprise in return for remuneration in cash or in kind.

A worker is considered to be a wage or salary earner of a particular unit if he or she receives a wage or salary from the unit regardless of where the work is done (in or outside the production unit). A worker from a temporary employment agency is considered to be an employee of the temporary employment agency and not of the unit (customer) in which they work.

In particular the following are considered as employees:

paid working proprietors;
students who have a formal commitment whereby they contribute to the unit's process of production in return for remuneration and/or education services;
employees engaged under a contract specifically designed to encourage the recruitment of unemployed persons;
homeworkers if there is an explicit agreement that the homeworker is remunerated on the basis of the work done and they are included on the pay-roll.

The number of employees includes part-time workers, seasonal workers, persons on strike or on short-term leave, but excludes those persons on long-term leave.

The number of employees does not include voluntary workers.

The number of employees is calculated in the same manner as the Number of persons employed, namely it is a headcount and is measured as an annual average using data for at least each quarter of the year except for the statistics on the activities defined in Section 3 of Annex VI of Regulation (EC) No 295/2008 for which the calculation can be done on the basis of data with a lower frequency.

Link to other variables:

Part of the Number of persons employed (16 11 0)

Code

16 13 6

Name

Number of female employees

Annex

Definition:

The number of employees (see variable 16 13 0) of the female sex.

Link to other variables:

Number of female employees is part of the number of employees (16 13 0).

Code

16 14 0

Name

Number of employees in full time equivalent units

Annex

I to IV and VI

Definition

The number of employees converted into full time equivalents (FTE).

Figures for the number of persons working less than the standard working time of a full-year full-time worker, should be converted into full time equivalents, with regard to the working time of a full-time full-year employee in the unit. It is the total hours worked divided by the average annual number of hours worked in full-time jobs within the economic territory. Since the length of a full-time job has changed through time and differs between industries, methods which establish the average proportion and average hours of less than full-time jobs in each job group have to be used. A normal full-time week must first be estimated in each job group. If possible, a job group can be defined, inside an industry, according to sex and (or) kind of work of people. Hours contractually agreed upon can constitute for employee jobs, the appropriate criteria for determining those figures. Full-time equivalent is calculated separately in each job group, then summed.

Included in this category are people working less than a standard working day, less than the standard number of working days in the week, or less than the standard number of weeks/months in the year. The conversion should be carried out on the basis of the number of hours, days, weeks or months worked.

Link to other variables:

The Number of hours worked by employees (16 15 0)) may be used in the conversion of the Number of employees (16 13 0) into full-time equivalents.

Code

16 15 0

Name

Number of hours worked by employees

Annex

II and IV

Definition

The total number of hours worked by employees represents the aggregate number of hours actually worked for the output of the observation unit during the reference period.

This variable excludes hours paid but not actually worked such as for annual leave, holidays and sick leave. It also excludes meal breaks and commuting between home and work.

Included are hours actually worked during normal working hours; hours worked in addition to those; time which is spent at the place of work on tasks such as preparing the site and time corresponding to short periods of rest at the work place.

If the exact number of hours actually worked is not known, it may be estimated on the basis of the theoretical number of working hours and the average rate of absences (sickness, maternity, etc.).

Link to other variables:

The number of hours worked by employees may be used in the conversion of the Number of employees (16 13 0) into the Number of employees in full time equivalent units (16 14 0).

Code

16 91 0

Name

Number of persons employed in the population of active enterprises in t

Annex

Definition

The number of persons employed is defined as the total number of persons who work in the observation unit (inclusive of working proprietors, partners working regularly in the unit and unpaid family workers), as well as persons who work outside the unit who belong to it and are paid by it (e.g. sales representatives, delivery personnel, repair and maintenance teams). It includes persons absent for a short period (e.g. sick leave, paid leave or special leave), and also those on strike, but not those absent for an indefinite period. It also includes part-time workers who are regarded as such under the laws of the country concerned and who are on the pay-roll, as well as seasonal workers, apprentices and home workers on the pay-roll.

Note

In order to check the comparability of data, it is necessary to indicate whether voluntary workers have been included under this heading or not.

Code

16 91 1

Name

Number of employees in the population of active enterprises in t

Annex

Definition

In particular the following are considered as employees:

paid working proprietors,
students who have a formal commitment whereby they contribute to the unit's process of production in return for remuneration and/or education services,
employees engaged under a contract specifically designed to encourage the recruitment of unemployed persons,
homeworkers if there is an explicit agreement that the homeworker is remunerated on the basis of the work done and they are included on the pay-roll.

The number of employees includes part-time workers, seasonal workers, persons on strike or on short-term leave, but excludes those persons on long-term leave.

The number of employees does not include voluntary workers.

The number of employees is calculated in the same manner as the number of persons employed, namely as the number of jobs and is measured as an annual average.

Code

16 92 0

Name

Number of persons employed in the population of births in t

Annex

The number of employees is defined as in characteristic 16 91 1. The population of deaths is defined as in characteristic 11 93 0.

Code

16 94 1

Name

Number of persons employed in the population of enterprises newly born in t-1 having survived to t

Code

16 94 2

Name

Number of persons employed in the population of enterprises newly born in t-2 having survived to t

Code

16 94 3

Name

Number of persons employed in the population of enterprises newly born in t-3 having survived to t

Code

16 94 4

Name

Number of persons employed in the population of enterprises newly born in t-4 having survived to t

Code

16 94 5

Name

Number of persons employed in the population of enterprises newly born in t-5 having survived to t

Annex

Definition

The number of persons employed is defined as in characteristic 16 91 0. The population of births is defined as in characteristic 11 92 0. Survival is defined as in characteristics 11 94 1 to 11 94 5.

Code

16 95 1

Name

Number of persons employed in the year of birth in the population of enterprises newly born in t-1 having survived to t

Code

16 95 2

Name

Number of persons employed in the year of birth in the population of enterprises newly born in t-2 having survived to t

Code

16 95 3

Name

Number of persons employed in the year of birth in the population of enterprises newly born in t-3 having survived to t

Code

16 95 4

Name

Number of persons employed in the year of birth in the population of enterprises newly born in t-4 having survived to t

Code

16 95 5

Name

Number of persons employed in the year of birth in the population of enterprises newly born in t-5 having survived to t

The part of turnover derived from activities classified to Sections A to F of NACE Rev.2 .

Turnover derived from the resale of goods and services purchased for resale in the same condition is excluded.

Link to company accounts

Turnover from agriculture, forestry, fishing and industrial activities can not be isolated in company accounts.

4th Accounting Directive: Council Directive 78/660/EEC

It is part of net turnover.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

It is part of revenue.

Link to other variables:

Part of Turnover (12 11 0)

Code

18 11 0

Name

Turnover from the principal activity at the NACE Rev.2 three-digit level.

Annex

II and IV

Definition

The part of turnover derived from the principal activity of the unit. The principal activity of a unit is determined according to the rules laid down in the Council Regulation (EC) No 696/93 on statistical units of 15 March 1993.

Turnover derived from the sale of goods and services which have been subject to a sub-contracting relationship is included. Turnover derived from the resale of goods and services purchased for resale in the same condition is excluded.

Link to company accounts

Turnover from the principal activity at the NACE Rev. 2 three-digit level can not be isolated in company accounts.

4th Accounting Directive: Council Directive 78/660/EEC

It is part of net turnover.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

It is part of revenue.

Link to other variables:

Part of Turnover (12 11 0)

Code

18 12 0

Name

Turnover from industrial activities

Annex

Definition

The part of turnover derived from activities classified to Sections B to F of NACE Rev.2.

Link to company accounts

Turnover from industrial activities can not be isolated in company accounts.

4th Accounting Directive: Council Directive 78/660/EEC

It is part of net turnover.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

It is part of revenue.

Link to other variables:

Part of Turnover (12 11 0)

Part of Turnover from agriculture, forestry, fishing and industrial activities (18 10 0)

Code

18 12 1

Name

Turnover from industrial activities excluding construction

Annex

Definition

The part of turnover derived from activities classified to Sections B to E of NACE Rev.2.

Link to company accounts

Turnover from industrial activities excluding construction can not be isolated in company accounts.

4th Accounting Directive: Council Directive 78/660/EEC

It is part of net turnover.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

It is part of revenue.

Link to other variables:

Part of Turnover (12 11 0)

Part of Turnover from agriculture, forestry, fishing and industrial activities (18 10 0)

Part of Turnover from industrial activities (18 12 0)

Code

18 12 2

Name

Turnover from construction activities

Annex

Definition

The part of turnover derived from activities classified to Section F of NACE Rev.2.

Link to company accounts

Turnover from construction activities can not be isolated in company accounts.

4th Accounting Directive: Council Directive 78/660/EEC

It is part of net turnover.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

It is part of revenue.

Link to other variables:

Part of Turnover (12 11 0)

Part of Turnover from agriculture, forestry, fishing and industrial activities (18 10 0)

Part of Turnover from industrial activities (18 12 0)

Code

18 15 0

Name

Turnover from service activities

Annex

II to IV

Definition

Revenue from all services rendered (banking and insurance services, business and personal services).

This variable encompasses turnover from service activities resulting from a principal or secondary activity; some service activities may be performed by industrial units. These activities are classified to Sections H to N and P to S and also to the maintenance and repair Groups 45.2 and 45.4 of Section G of NACE Rev.2.

Link to company accounts

Turnover from service activities may not be isolated in company accounts.

4th Accounting Directive: Council Directive 78/660/EEC

It is part of net turnover.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

It is part of revenue.

Link to other variables:

Part of Turnover (12 11 0)

Code

18 16 0

Name

Turnover from trading activities of purchase and resale and from intermediary activities

Annex

II to IV

Definition

The part of turnover derived from the trading activities of purchase and resale of the unit and the intermediary activity of the unit. This corresponds to the sales of goods purchased by the unit in its own Name and for its own account and resold in the same condition in which they were purchased, or after such labelling, packaging and wrapping as is usually practised in distributive trade enterprises as well as any commissions on purchases and sales made in the Name and on behalf of third parties, and similar activities.

Resales may be broken down into:

resales to other traders, professional users, etc. (wholesale sales);
resales to households or small-scale users (retail sales).

These activities are classified in Section G of NACE Rev.2 (except the maintenance and repair Groups 45.2 and 45.4).

Link to company accounts

Turnover from trading and intermediary activities may not be isolated in company accounts.

4th Accounting Directive: Council Directive 78/660/EEC

It is part of net turnover.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

It is part of revenue.

Link to other variables:

Part of Turnover (12 11 0)

Code

18 21 0

Name

Breakdown of turnover by product (according to Section G of CPA)

Annex

III

Definition

The part of turnover to be broken down is the turnover from the trading activities of purchase and resale of the unit and the intermediary activity of the unit (as defined for variable 18 16 0).

Link to company accounts

Turnover broken down by product may not be isolated in company accounts.

4th Accounting Directive: Council Directive 78/660/EEC

It is part of net turnover.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

It is part of revenue.

Link to other variables:

The sum of the turnover for all products has to be equal to Turnover from trading and intermediary activities (18 16 0)

Code

18 31 0

Name

Turnover from building

Annex

Definition

The part of turnover derived from activities classified to Section F of NACE Rev.2 and relating to constructions classified as buildings in the classification of types of constructions (CC).

Link to company accounts

Turnover from building may not be isolated in company accounts.

4th Accounting Directive: Council Directive 78/660/EEC

It is part of net turnover.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

It is part of revenue.

Link to other variables:

Part of Turnover (12 11 0)

Part of Turnover from agriculture, forestry, fishing and industrial activities (18 10 0)

Part of Turnover from industrial activities (18 12 0)

Part of Turnover from construction activities (18 12 2)

Code

18 32 0

Name

Turnover from civil engineering

Annex

Definition

The part of turnover derived from activities classified to Section F of NACE Rev.2 and relating to constructions classified as civil engineering works in the classification of types of constructions (CC).

Link to company accounts

Turnover from civil engineering may not be isolated in company accounts.

4th Accounting Directive: Council Directive 78/660/EEC

It is part of net turnover.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

It is part of revenue.

Link to other variables:

Part of Turnover (12 11 0)

Part of Turnover from agriculture, forestry, fishing and industrial activities (18 10 0)

Part of Turnover from industrial activities (18 12 0)

Part of Turnover from construction activities (18 12 2)

Code

20 11 0

Name

Purchases of energy products (in value)

Annex

II and IV

Definition

Purchases of all energy products during the reference period should be included in this variable only if they are purchased to be used as fuel. Energy products purchased as a raw material or for resale without transformation should be excluded. The figure should be given in value only.

Link to company accounts

Purchases of energy products can not be isolated in company accounts.

4th Accounting Directive: Council Directive 78/660/EEC

It is part of Raw materials and consumables.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

It is part of the Raw materials and consumables used in the nature of expense method.

It is part of cost of sales, distribution costs and administrative expenses in the function or expense method.

Link to other variables:

Part of Total purchases of goods and services (13 11 0)

Code

21 11 0

Name

Investment in equipment and plant for pollution control and special anti-pollution accessories (mainly ‘end-of-pipe’ equipment)

Annex

Definition

Capital expenditures for methods, technologies, processes or equipment designed to collect and remove pollution and pollutants (e.g. air emissions, effluents or solid waste) after their creation, prevent the spread of and measure the level of the pollution, and treat and dispose of pollutants generated by the operating activity of the company.

It is the sum of expenditure in the environmental domains Protection of ambient air and climate, Wastewater management, Waste management and Other environmental protection activities. Other environmental protection activities includes Protection and remediation of soil, groundwater and surface water, Noise and vibration abatement, Protection of biodiversity and landscape, Protection against radiation, Research and development, General environmental administration and management, Education, training and information, Activities leading to indivisible expenditure and Activities not elsewhere classified.

Included are:

Investments in distinct, identifiable components supplementing existing equipment, which are implemented at the end of or completely outside the production line (‘end-of-pipe’ equipment).
Investments in equipment (e.g. filters or separate cleaning steps) which compose or extract pollutants within the production line, when the removal of these added facilities would not affect in the main the functioning of the production line.

The main purpose or function of this capital expenditure is environmental protection and the total expenditure for these should be reported.

The expenditure should be reported gross of any cost-offsets resulting from the generation and sale of marketable by-products, savings made, or subsidies received.

Purchased goods are valued at the purchase price excluding deductible VAT and other deductible taxes directly linked to turnover.

Excluded are:

Actions and activities beneficial to the environment that would have been taken regardless of environmental protection considerations, including measures that primarily aim at health and safety of the workplace and production security.
Measures to reduce pollution when the products are used or scrapped (environmental adaptation of products), unless environmental policy and regulation expands the legal responsibility of the producer to cover also the pollution generated by the products when used, or for taking care of the products when they become waste.
Resource use and saving activities (e.g. water supply or the saving of energy or raw materials), unless the primary purpose is environmental protection: e.g. when these activities aim at implementing national or international environmental policy and are not undertaken for cost saving reasons.

Link to company accounts

The definition is based on the accounting standards applied by the company in its bookkeeping, in compliance with EU accounting standards: i.e. these are expenditures that qualify for recognition as an asset.

Property, plant and equipment may be acquired for safety or environmental reasons. The acquisition of such property, plant and equipment, while not directly increasing the future economic benefits of any particular item of property, plant and equipment may be necessary in order for the enterprise to obtain the future economic benefits from its other assets. When this is the case, such acquisitions of property, plant and equipment qualify for recognition as assets, in that they enable future economic benefits from related assets to be derived by the enterprise in excess of what it could derive if they had not been acquired. However, such assets are only recognised to the extent that the resulting carrying amount of such an asset and related assets does not exceed the total recoverable amount of that asset and its related assets. For example, a chemical manufacturer may have to install a certain new chemical handling process in order to comply with environmental requirements on the production and storage of dangerous chemicals; related plant enhancements are recognised as an asset to the extent they are recoverable because, without them, the enterprise is unable to manufacture and sell chemicals.

Link to other variables:

Total environmental protection investments is the sum of the variables 21 11 0 and 21 12 0. Total environmental protection expenditure is the sum of the variables 21 11 0, 21 12 0 and 21 14 0.

Part of:

15 11 0 Gross investment in tangible goods

Code

21 12 0

Name

Investment in equipment and plant linked to cleaner technologies (‘integrated technology’)

Annex

Definition

Capital expenditures for new or adaptation of existing methods, technologies, processes, equipment (or parts thereof) designed to prevent or reduce the amount of pollution created at the source (e.g. air emissions, effluents or solid waste), thereby reducing the environmental impacts associated with the release of pollutants and/or with polluting activities.

Included are:

Capital expenditures that involve distinct, separately identifiable (environmental parts of) methods, processes, technologies and equipment. Their main purpose or function is environmental protection by definition and the total expenditure of the (environmental parts of) methods, processes, technologies and equipment should be reported.
Capital expenditures for methods, processes, technologies and equipment that are integrated with the overall operating activity (production process/installation) in a way that makes it difficult to identify separately the pollution prevention component. In these cases (integrated measures), only the environmental protection fraction of the total investment should be reported.

This fraction corresponds to the additional investment vis-à-vis the capital expenditure that would have been incurred were it not for the environmental protection considerations. Therefore, the alternative for comparison corresponds to the cheapest alternative available to the company with similar functions and characteristics, except for those related to environmental protection.

When the selected option is standard technology and there is no cheaper, less environmentally beneficial alternative available to the company, the measure is by definition not an environmental protection activity, and no expenditure should be reported.

The expenditure should be reported gross of any cost-offsets resulting from the generation and sale of marketable by-products, savings made, or subsidies received.

Purchased goods are valued at the purchase price excluding deductible VAT and other deductible taxes directly linked to turnover.

Excluded are:

Actions and activities beneficial to the environment that would have been taken regardless of environmental protection considerations, including measures that primarily aim at health and safety of the workplace and production security.
Measures to reduce pollution when the products are used or scrapped (environmental adaptation of products), unless environmental policy and regulation expands the legal responsibility of the producer to cover also the pollution generated by the products when used, or for taking care of the products when they become waste.
Resource use and saving activities (e.g. water supply or the saving of energy or raw materials), unless the primary purpose is environmental protection: e.g. when these activities aim at implementing national or international environmental policy and are not undertaken for cost saving reasons.

Link to company accounts

Link to other variables:

Total environmental protection investments is the sum of the variables 21 11 0 and 21 12 0. Total environmental protection expenditure is the sum of the variables 21 11 0, 21 12 0 and 21 14 0.

Part of:

15 11 0 Gross investment in tangible goods

Code

21 14 0

Name

Total current expenditure on environmental protection

Annex

Definition

Total current expenditure on environmental protection is the expenditure for operating and maintaining an activity, technology, process, equipment (or parts thereof) designed to prevent, reduce, treat or eliminate pollutants and pollution (e.g. air emissions, effluents or solid waste) or any other degradation of the environment resulting from the operating activity of the company.

Total current expenditure on environmental protection should be reported gross of any cost-offsets resulting from the sale of marketable by-products, savings or subsidies received.

Current expenditure is the sum of ‘in-house expenditure’ and ‘purchases of environmental protection services’:

In-house expenditure includes all current expenditure on environmental protection except purchases of environmental protection services from other units. It is the sum of labour costs, use of raw materials and consumables including energy costs and payments for operational leasing. For example related to: operation and maintenance of environmental equipment, measurement and monitoring of pollution levels, environmental management, information and education, environmental research and development.
Purchases of environmental protection services include all fees, charges and similar payments to other organisations (outside the reporting unit), public or private, in exchange of environmental protection services related to the environmental impacts of the operating activity of the company. For example, payments for collection and treatment of waste and wastewater, payments related to decontamination of soil, regulatory charges, payments to environmental consultants related to e.g. environmental information, certification or operation of environmental equipment.

Purchased goods and services are valued at the purchase price excluding deductible VAT and other deductible taxes directly linked to turnover. Labour expenditure includes the gross wages and salaries including employers' charges and social security costs, but excluding general overhead.

Excluded are:

Actions and activities beneficial to the environment that would have been taken regardless of environmental protection considerations, including measures that primarily aim at health and safety of the workplace and production security.
Measures to reduce pollution when the products are used or scrapped (environmental adaptation of products), unless environmental policy and regulation expands the legal responsibility of the producer to cover also the pollution generated by the products when used, or for taking care of the products when they become waste.
Resource use and saving activities (e.g. water supply or the saving of energy or raw materials), unless the primary purpose is environmental protection: e.g. when these activities aim at implementing national or international environmental policy and are not undertaken for cost saving reasons.
Payments of taxes, fees or charges by the reporting unit that are not linked to purchasing an environmental service related to the environmental impacts of the operating activity of the company, even if the government authorities have earmarked the revenue for financing environmental protection activities (e.g. taxes on pollution).
Calculated cost items such as depreciation of environmental equipment, capital loss due to forced replacement or general overhead.
Loss of income, compensatory charges, fines, penalties and similar which do not relate to an environmental protection activity.

Link to company accounts

The definition of current expenditure is based on the accounting standards applied by the company in its bookkeeping, in compliance with EU accounting standards: i.e. current expenditure includes all expenditure that is not capitalised but charged to the profit and loss account.

It is the sum of purchase of raw materials and consumables, labour costs, public fees and charges, expenses for external services and rental and leasing charges for environmental protection activities.

Link to other variables:

Total environmental protection investments is the sum of the variables 21 11 0 and 21 12 0. Total environmental protection expenditure is the sum of the variables 21 11 0, 21 12 0 and 21 14 0.

Part of:

13 11 0 Total purchase of goods and services

13 31 0 Personnel costs

Code

23 11 0

Name

Payments to subcontractors

Annex

II and IV

Definition

For the statistics on activities as defined in Section 3 of Annex II payments to subcontractors are payments made by the unit to third parties in return for industrial goods and services supplied as part of a subcontracting relationship defined as follows:

Two enterprises are linked by a subcontracting relationship whenever conditions A and B are met together:

the customer enterprise, also said main contractor, participates in the conception of the product providing, even partially, technical specifications to the supplier enterprise, also said subcontractor, and/or provides it with the materials to be processed;

the customer enterprise sells the subcontracted product, either as such or as part of a more complex product, and takes on the after-sales liability for the product.

Note

The mere stipulation of a colour, size or catalogue number does not constitute a technical specification in itself. The manufacture of a tailor-made product does not of itself necessarily imply a subcontracting relationship.

For the statistics on activities as defined in Section 3 of Annex IV payments to subcontractors are payments made by the unit to third parties in return for construction works supplied as a part of a subcontracting relationship.

Two enterprises are linked by a subcontracting relationship, whenever conditions A, B, C and D are simultaneously satisfied:

The customer enterprise contracts with the supplier enterprise, hereafter referred to as ‘sub-contractor’, for the execution of works or services which are incorporated specifically in the construction process;

The customer enterprise is responsible for the final product of the construction process, the responsibility covers also the parts carried out by the subcontractors; the subcontractor can in some cases carry some responsibility.

The customer enterprise provides specifications to the subcontractor, for example, the work or service executed by the subcontractor must be tailor-made for the purposes of the specific project and cannot thus be a standardised or catalogue work or services.

The reciprocal contract is not otherwise ruled by an agreement of an associative type, such as a common answer for a call for tender, a consortium or joint venture, etc.

Links with company accounts

Payments to subcontractors are not necessarily treated separately in company accounting.

4th Accounting Directive: Council Directive 78/660/EEC

They may be included in Other external charges and Other operating costs.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

They may be included in other expenses in the income statement according to the nature of expenses

They may be included in other expenses in the income statement according to the function of expenses.

Links with other variables

Part of Total purchases of goods and services (13 11 0).

Code

23 12 0

Name

Income from subcontracting

Annex

Definition

For the statistics on activities as defined in Section 3 of Annex IV Income from subcontracting is the turnover generated by the unit's own construction works provided to a third party under a subcontracting relationship.

Two enterprises are linked by a subcontracting relationship, whenever conditions A, B, C and D are simultaneously satisfied:

The reciprocal contract is not otherwise ruled by an agreement of an associative type, such as a common answer for a call for tender, a consortium or joint venture, etc.

Links with company accounts

Income from subcontracting is not necessarily treated separately in company accounting.

4th Accounting Directive: Council Directive 78/660/EEC

It is included in Net turnover.

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 and Commission Regulation (EC) No 1725/2003

It is included in revenue in the income statement according to the nature of expenses

It is included in revenue in the income statement according to the function of expenses.

Link to other variables:

Part of Turnover (12 11 0)

Part of Turnover from agriculture, forestry, fishing and industrial activities (18 10 0)

Part of Turnover from industrial activities (18 12 0)

Part of Turnover from construction activities (18 12 2)

Part of Turnover from building (18 31 0) or turnover from civil engineering (18 32 0)

Code

32 11 2

Name

Gross change in the provision for unearned premiums (+/-)

Annex

Definition:

Note:

Gross amount corresponding to the sub-total as included in Article 34, I. 10 of Directive 91/674/EEC (technical account) for non-life insurance business and in Article 34, II. 13 of Directive 91/674/EEC for life insurance business.

Link to other variables:

Sub-total I is calculated as follows for non-life insurance business:

Gross premiums earned [12 11 0 + 32 11 2 (+/-)]

Allocated investment return transferred from the non-technical account (32 12 0)

Gross claims incurred [32 13 1 + 32 13 4 (+/-)]

Gross operating expenses (32 14 0)

Change in equalisation provision (32 15 0) (+/-)

Other items in the technical account, gross amount (32 16 0) (+/-).

If the ‘other items in the technical account’ (32 16 0) are recorded on net base only this net amount is considered in the calculation of the sub-total I: gross balance of the technical account.

Sub-total I is calculated as follows for life insurance business:

Gross premiums earned [12 11 0 + 32 11 2 (+/-)]

Investment income (32 22 0)

Unrealised gains on investments (32 23 0)

Gross claims incurred [32 13 1 + 32 13 4 (+/-)]

Gross change in life insurance provision (32 25 0) (+/-)

Gross operating expenses (32 14 0)

Investment charges (32 27 0)

Unrealized losses on investments (32 28 0)

Allocated investment return transferred to the non-technical account (32 29 0)

Other items in the technical account, gross amount (32 16 0) (+/-).

If the ‘other items in the technical account’ (32 16 0) are recorded on net base only this net amount is considered in the calculation of sub-total I: gross balance of the technical account.

The Sub-total I (= gross balance of the technical account) is used in the calculation of the Sub-total II (= net balance of the technical account) (32 19 0).

Code

32 18 0

Name

Reinsurance balance (+/-)

Annex

Definition:

Reinsurance balance of the technical account of the profit and loss account.

Note:

Article 63 of Directive 91/674/EEC.

Link to other variables:

This variable is calculated as follows:

Reinsurers share of gross premiums written (32 18 1)

Reinsurers share of the gross change in the provision for unearned premiums (32 18 3) (+/-)

Reinsurers share of gross claims incurred [32 18 5 + 32 18 6 (+/-)]

Reinsurance commissions and profit participations (32 18 7)

Reinsurers share of the gross amount of other items in the technical account (32 18 8) (+/-)

Reinsurers share of gross change in life insurance provision (32 33 4) (+/-)

The Reinsurance balance is used in the calculation of the Sub-total II (= net balance of the technical account) (32 19 0) (+/-).

Code

32 18 1

Name

Reinsurers share of gross premiums written

Annex

Definition:

Article 36 of Council Directive 91/674/EEC — reinsurers share of gross premiums written is included in the technical part of the profit and loss accounts.

Note:

For the layout of the profit and loss account (technical account): Article 34, I. 1(b) of Directive 91/674/EEC for non-life insurance business and Article 34, II 1(b) of Directive 91/674/EEC for life insurance business.

Link to other variables:

Reinsurers share of gross premiums written is part of the Reinsurance balance (32 18 0)

Code

32 18 2

For the layout of the profit and loss account (non-technical account): Article 34, III. 9 and 10 of Directive 91/674/EEC.

Code

32 49 0

Name

Extraordinary profit or loss (+/-)

Annex

Definition:

Note:

For the layout of the profit and loss account (non-technical account): Article 34, III. 13 of Directive 91/674/EEC.

Code

32 50 0

Name

All taxes (tax on profit or loss on ordinary activities, tax on extraordinary profit or loss, other taxes)

Annex

Definition:

Some information in Article 22 and following of Council Directive 78/660/EEC.

Note:

For the layout of the profit and loss account (non-technical account): Article 34, III. 9, 14 and 15 of Directive 91/674/EEC.

Code

This variable is the sum of commissions for the direct insurance business (32 61 2) and the business accepted (see also Article 64 of Council Directive 91/674/EEC).

Link to other variables:

Commissions for total insurance business are used in the calculation of the variable External expenses on goods and services (32 61 4).

Code

Total purchases of goods and services (variable 13 11 0) less commissions for total insurance business (variable 32 61 1) less the reinsurance balance (variable 32 18 0) and portfolio investment income of reinsurers on their share of the gross technical provisions of the enterprise.

Note:

Allocation on enterprise level has to be assured by means of a distribution key in the case of enterprise groups.

Code

32 61 5

Name

External and internal claims management expenses

Annex

Definition:

External and internal claims management expenses.

Note:

The total of commissions, external expenditure on goods and services and personnel costs (32 61 1 + 32 61 4 + 13 31 0) are to be allocated by function. It has therefore to be broken down in the variables 32 61 5, 32 61 6, 32 61 7, 32 61 8 and 32 61 9 (see also Article 38 of Directive 91/674/EEC).

Link to other variables:

External and internal claims management expenses are part of the variable Total of commissions, external expenditure on goods and services and personnel costs (32 61 0).

Code

32 61 6

Name

Acquisition costs

Annex

Definition:

Article 40 of Council Directive 91/674/EEC — it concerns the acquisition costs included in the technical part of the profit and loss accounts.

Note:

Note:

The total of commissions, external expenditure on goods and services and personnel (32 61 1 + 32 61 4 + 13 31 0) are to be allocated by function and has therefore to be broken down in the variables 32 61 5, 32 61 6, 32 61 7, 32 61 8 and 32 61 9.

For the layout of the profit and loss account (technical account): Article 34, II. 9(a) of the life insurance business (technical account) and III. 5(a) of Directive 91/674/EEC (non-technical account).

Link to other variables:

Investment management charges are part of the variable Total of commissions, external expenditure on goods and services and personnel costs (32 61 0).

Code

32 71 0

Name

Investment income

Annex

Definition:

Article 42 of Council Directive 91/674/EEC– it concerns the investment income included in the technical part of the profit and loss accounts for life insurance and the non-technical part for non-life insurance.

This variable is the sum of Income from participating interests (32 71 1), Income from land, buildings and other investments (32 71 2), Value re-adjustments on investments (32 71 5) and Gains on the realisation on investments (32 71 6).

Code

32 71 1

Name

Income from participating interests

Annex

Definition:

Article 42 of Council Directive 91/674/EEC — it concerns the income from participating interests included in the technical part of the profit and loss accounts for life insurance and the non-technical part for non-life insurance.

Note:

For the layout of the profit and loss account: Article 34, II. 2(a) of the life insurance business (technical account) and III 3a of Directive 91/674/EEC (non-technical account).

Link to other variables:

Income from participating interests is used in the calculation of the variable Investment income (32 71 0).

Code

32 71 2

Name

Income from land, buildings and other investments

Annex

Definition:

Article 42 of Council Directive 91/674/EEC — it concerns the income from other investments included in the technical part of the profit and loss accounts for life insurance and the non-technical part for non-life insurance.

This variable is the sum of Income from land and buildings (32 71 3) and Income from other investments (32 71 4).

Link to other variables:

Income from land, buildings and other investments is used in the calculation of the variable Investment income (32 71 0).

Code

32 71 3

Name

Income from land and buildings

Annex

Definition:

Article 42 of Council Directive 91/674/EEC — it concerns the income from land and buildings included in the technical part of the profit and loss accounts for life insurance and the non-technical part for non-life insurance.

Note:

For the layout of the profit and loss account: Article 34, II. 2(b)(aa) for the life insurance business (technical account) and III. 3(b)(aa) of Directive 91/674/EEC (non-technical account).

Link to other variables:

Income from land and buildings is used in the calculation of the variable Investment income (32 71 0) and Income from land, buildings and other investments (32 71 2).

Code

32 71 4

Name

Income from other investments

Annex

This variable is the sum of Land and buildings (36 11 0), Investments in affiliated enterprises and participating interests (36 12 0), Other financial investments (36 13 0) and Deposits with ceding enterprises (36 14 0).

Note:

For the layout of the balance sheet: Article 6 (assets) C.I of Directive 91/674/EEC. According to the valuation rules of Directive 91/674/EEC the valuation of the investments can be based on the purchase price principle or the current value principle. For each Member State the valuation rule applied has to be indicated.

Link to other variables:

Total of investments (36 10 0) equals

Land and buildings (36 11 0)

Investments in affiliated enterprises and participating interests (36 12 0)

Other financial investments (36 13 0)

Deposits with ceding enterprises 36 14 0)

Code

36 11 0

Name

Land and buildings

Annex

Definition:

Some information in Article 8 and following of Council Directive 78/660/EEC of 25 July 1978 based on Article 54(3)(g) of the Treaty on the annual accounts of certain types of companies.

Link to other variables:

Land and buildings are used in the calculation of the variable Total of investments (36 10 0).

Code

36 11 1

Name

Land and buildings occupied by an insurance enterprise for its own activities

Annex

Definition:

This variable is part of variable 36 11 0. Only those land and buildings which are occupied by an insurance enterprise for its own activities are included here.

Note:

Link to other variables:

36 12 3

Name

Investments in affiliated enterprises and participating interests (current value)

Annex

Definition:

Note:

This data has only to be delivered if variable 36 12 0 shows the investments in affiliated enterprises and participating interests according to their book values.

Code

36 13 0

Name

Other financial investments

Annex

Definition:

This variable is the sum of variables 36 13 1, 36 13 2, 36 13 3, 36 13 4, 36 13 5, 36 13 6. According to the valuation rules of Council Directive 91/674/EEC the valuation of the investments can be based on the purchase price principle or the current value principle. For each Member State the valuation rule applied has to be indicated.

Note:

For the layout of the balance sheet: Article 6 (assets) C.III of Council Directive 91/674/EEC.

Other (including deposits with credit institutions) are part of the variable Other financial investments (36 13 0)

Other (including deposits with credit institutions) are used in the calculation of the variable Total of investments (36 10 0).

Code

36 13 8

Name

Other financial investments (current value)

Annex

Definition:

Note:

This data has only to be delivered if variable 36 13 0 shows other financial investments according to their book values.

Code

The amount corresponding to the variable 36 11 0 has to be shown here.

Link to other variables:

Investments for the benefit of life-assurance policyholders who bear the investment risk, Land and buildings are part of the variable Investments for the benefit of life-assurance policyholders who bear the investment risk (36 20 0).

Code

36 22 0

Name

Investments for the benefit of life-assurance policyholders who bear the investment risk — other financial investments

Annex

Definition:

This variable is part of variable 36 20 0.

Note:

The amount corresponding to the variable 36 13 0 is shown here.

Link to other variables:

Investments for the benefit of life-assurance policyholders who bear the investment risk, Other financial investments are part of the variable Investments for the benefit of life-assurance policyholders who bear the investment risk (36 20 0).

Code

For the layout of the balance sheet: Article 6 (liabilities) B of Directive 91/674/EEC.

Code

37 30 0

Name

Total gross technical provisions

Annex

Definition:

37 33 2

Reference to Article 44 of Council Directive 92/49/EEC. The number of all incidents which have incurred and were reported during the accounting year and are giving the right to claim (estimated claims which are incurred but not reported are excluded) is taken into consideration.

Code

42 11 0

Name

Interest receivable and similar income

Annex

Definition:

This variable shall include:

(1)

all income from Cash and balances with the central bank, Treasury bills and other bills eligible for refinancing with central banks, Loans and advances to credit institutions, Loans and advances to customers, Debt securities including fixed- income securities, however calculated. Such income shall also include income arising from the spreading on a time basis of the discount on assets acquired at an amount below, and liabilities contracted at an amount above, the sum payable at maturity;

(2)

income and charges resulting from derivatives, spread over the actual duration of the contract and similar in nature to interest;

Note

Reference to Articles 27(1) and 28(B)(1) of Directive 86/635/EEC(9). Reference to paragraph 35 of IAS 18 as included in Commission Regulation (EC) No 1725/2003 (interest and similar income) and paragraph 20 of IFRS 7 as included in Commission Regulation (EC) No 108/2006(10).

Link to other variables:

This variable is used in the calculation of Production value (variable 12 12 0).

Code

42 11 1

Name

Interest receivable and similar income arising from fixed-income securities

Annex

Definition:

This variable shall include:

(1)

all income from fixed- income securities. Such income shall also include income arising from the spreading on a time basis of the discount on assets acquired at an amount below, and liabilities contracted at an amount above, the sum payable at maturity;

(2)

income and charges resulting from derivatives, spread over the actual duration of the contract and similar in nature to interest;

(Note

Reference to Articles 27(1) and 28(B)(1) of Directive 86/635/EEC. This item is not mentioned separately in the disclosure requirements in IAS 18 included in Commission Regulation (EC) No 1725/2003 and paragraph 20 of IFRS 7 as included in Commission Regulation (EC) No 108/2006.

Link to other variables:

This variable is part of variable 42 11 0.

Code

42 12 0

Name

Interest payable and similar charges

Annex

Definition:

This variable shall include:

(1)

all charges arising out of amounts owed to credit institutions, amounts owed to customers, Debts evidenced by certificates and Subordinated liabilities, however calculated. Such charges shall also include charges arising from the spreading on a time basis of the premium on assets acquired at an amount above, and liabilities contracted at an amount below, the sum payable at maturity;

(2)

income and charges resulting from derivatives, spread over the actual duration of the contract and similar in nature to interest;

Note

Reference to Articles 27(2) and 28(A)(1) of Directive 86/635/EEC. Reference to paragraph 35 of IAS 18 as included in Commission Regulation (EC) No 1725/2003 and paragraph 20 of IFRS 7 as included in Commission Regulation (EC) No 108/2006.

Link to other variables:

This variable is used in the calculation of Production value (variable 12 12 0).

Code

42 12 1

Name

Interest payable and similar charges linked to debt securities in issue

Annex

Definition:

This variable shall include

(1)

all charges arising out of debts securities in issue, however calculated. Such charges shall also include charges arising from the spreading on a time basis of the premium on assets acquired at an amount above, and liabilities contracted at an amount below, the sum payable at maturity. Debt securities comprise negotiable debt securities including fixed-income securities issued by credit institutions, securities bearing interest rates that vary in accordance with specific factors, for example the interest rate on the inter-bank market or on the Euromarket, shall also be regarded as debt securities;

(2)

income and charges resulting from derivatives, spread over the actual duration of the contract and similar in nature to interest;

Note

Reference to Article 4(3)(a) (Liabilities) of Directive 86/635/EEC. This item is not mentioned separately in the disclosure requirements in IAS 18 included in Commission Regulation (EC) No 1725/2003 and paragraph 20 of IFRS 7 as included in Commission Regulation (EC) No 108/2006.

Link to other variables:

This variable is part of variable 42 12 0.

Code

42 13 0

Name

Income from securities

Annex

Definition:

This variable shall comprise all dividends and other income from variable-yield securities, from participating interests and from shares in affiliated undertakings. Income from shares in investment companies shall also be included under this item. For credit institutions using the income statement of IFRS 7, the variable may be limited to dividend income only. Eurostat shall be informed of such an event.

Note

Reference to Article 27(3)(a), (3)(b) and (3)(c) as an aggregate, and Article 28 (B)(2a), 2)(b) and (2)(c) as an aggregate, of Directive 86/635/EEC. Reference to paragraph 35 of IAS 18 as included in Commission Regulation (EC) No 1725/2003 and paragraph 20(a) of IFRS 7 as included in Commission Regulation No 108/2006.

Code

42 13 1

Name

Income from shares and other variable-yield securities

Annex

Definition:

the net profit or loss on transactions in securities which are not held as financial fixed assets together with value adjustments and value re-adjustments on such securities, taking into account, where Article 36 (2) of Directive 86/635 has been applied the difference resulting from application of that article; however, in those Member States which exercise the option provided for in Article 37 of Directive 86/635, these net profits or losses and value adjustments and value re-adjustments shall be included only in so far as they relate to securities included in a trading portfolio. The value-adjustments and value re-adjustments resulting from the application of IAS 32 and IAS 39 as included in Commission Regulation (EC) No 1725/2003 shall also be included,

the net profit or loss on exchange activities, with the exception of income and charges resulting from covered forward contracts, spread over the actual duration of the contract and similar in nature to interest;

the net profits and losses on other buying and selling operations involving financial instruments, including precious metals.

Note

Reference to Articles 27(6) and 28(A)(3) or (B)(4) of Directive 86/635/EEC. Reference to paragraph 20 (a) of IFRS 7 as included in Commission Regulation (EC) No 108/2006.

Link to other variables:

This variable is used in the calculation of Production value (variable 12 12 0).

Code

42 31 0

Name

Other operating income

Annex

Definition:

Operating income, not shown under other headings. All extraordinary income should be excluded from this item.

Note

Reference to Articles 27(7) and 28(B)(7) of Directive 86/635/EEC. Reference to paragraph 86 of IAS 1 as included in Commission Regulation (EC) No 1725/2003 (other income).

Link to other variables:

This variable is used in the calculation of Production value (variable 12 12 0).

Code

42 32 0

Name

General administrative expenses

Annex

Definition:

This variable is the sum of ‘Personnel costs’ (variable 13 31 0) and ‘Other administrative expenses’ (variable 42 32 2).

Note

Code

42 40 0

Name

Profit or loss on ordinary activities

Annex

Definition:

This variable is defined in Articles 22 and following of Council Directive 78/660/EEC of 25 July 1978 based on Article 54(3)(g) of the Treaty on the annual accounts of certain types of companies. IAS/IFRS do not permit presenting the extraordinary results separately on the accounts of enterprises. For countries where IAS/IFRS is applied to the individual accounts of credit institutions, this variable is not to be transmitted anymore.

Note

Reference to Articles 27(15) and (16) and 28(A)(9), (A)(10) and (B)(8) of Directive 86/635/EEC. This item is not mentioned separately in the disclosure requirements in IFRS 7included in Commission Regulation (EC) No 108/2006.

Code

42 50 0

Name

Extraordinary profit or loss

Annex

This variable shall comprise all types of assets in the form of claims on domestic and foreign customers other than credit institutions, regardless of their actual designations.

The only exception shall be loans and advances represented by debt securities or any other security.

Note

Reference to Article 4(4) (Assets) and Article 16 (Assets Item 4) of Directive 86/635/EEC. Reference to paragraph 8 of IFRS 7as included in Commission Regulation (EC) No 108/2006.

Code

43 21 0

Name

Amounts owed to customers

Annex

Definition:

This variable shall include all amounts owed to creditors that are not credit institutions, regardless of their actual designations.

The only exception shall be liabilities represented by debt securities or by any other security.

Note

Reference to Article 4(2)(a) and (2)(b) as an aggregate (Liabilities), and Article 19 (Liabilities: Item 2), of Directive 86/635/EEC. Reference to paragraph 8 of IFRS 7 as included in Commission Regulation No 108/2006.

Code

43 29 0

Name

Total of capital and reserves

Annex

Definition:

This variable shall comprise Subscribed capital and reserves. Subscribed capital shall comprise all amounts, regardless of their actual designations, which, in accordance with the legal structure of the institution concerned, are regarded under national law as equity capital subscribed by the shareholders or other proprietors. Reserves comprise all the types of reserves listed in Article 9 of Directive 78/660/EEC under Liabilities item A.IV, as defined therein. The Member States may also prescribe other types of reserves if necessary for credit institutions the legal structures of which are not covered by Directive 78/660/EEC.

Note

Reference to Article 4(7)(9)(10)(11)(12)(13)(14) (Liabilities) and (16) (Assets) as an aggregate, of Directive 86/635/EEC. This item is not mentioned separately in the disclosure requirements in IFRS 7 as included in Commission Regulation No 108/2006

Code

43 30 0

Name

Balance sheet total

Annex

Definition:

This variable consists of the sum of items 1 to 15 of the asset side of the balance sheet or of the sum of items 1 to 14 of the liability side of the balance sheet as included in Article 4 of Directive 86/635. In general, the balance sheet total shall equal the sum of all items of the asset side of the balance sheet or of the sum of all items on the liability side of the balance sheet.

Note

Reference to Article 4 of Directive 86/635/EEC. This item is not mentioned separately in the disclosure requirements in IFRS 7 as included in Commission Regulation No 108/2006

Code

43 31 0

Name

Balance sheet total broken down according to the residence of the parent enterprise

Annex

Definition:

The balance sheet total (see variable 43 30 0) is broken down by the residence of the parent enterprise.

Interest receivable and similar income broken down by (sub)categories of the CPA is a further breakdown of Interest receivable and similar income (42 11 0).

Code

44 12 0

Name

Interest payable and similar charges broken down by (sub)categories of the CPA

Annex

Definition:

Interest payable and similar charges are defined as:

‘Branch’ is defined in Article 1 of the Council Directive 89/646/EEC of 15 December 1989 and is detailed in the Commission Communication on the freedom to provide services and on the interest of the general good in the Second Banking Directive (95/C 291/06).

Note

From the perspective of the host Member State, the total number of EEA branches has to be broken down by each single other EEA country.

Code

45 21 0

Name

Geographical breakdown of interest receivable and similar income

Annex

Definition:

Interest receivable and similar income (see variable 42 11 0) written in the host country by branches with head office in each single other EEA country.

Code

45 22 0

Name

Geographical breakdown of balance sheet total

Annex

Definition:

Balance sheet total (see variable 43 30 0) of branches established in the host country with head office in each single other EEA country.

Code

45 31 0

Name

Geographical breakdown of interest receivable and similar income via the Freedom to Provide Services business (in other EEA countries)

Annex

Definition:

Interest receivable and similar income (see variable 42 11 0) written, under the right of the freedom to provide services, by credit institutions authorised in the home Member State, in each single other EEA country.

Code

45 41 0

Name

Geographical breakdown of interest receivable and similar income via branch business (in non-EEA countries)

Annex

Definition:

Interest receivable and similar income (see variable 42 11 0) written by branch of credit institutions, authorised in the home Member State, in non-EEA countries.

The following breakdown has to be used: Switzerland, USA, Japan, third countries (rest of the world).

Code

45 42 0

Name

Geographical breakdown of interest receivable and similar income via the Freedom to Provide Services business (in non-EEA countries)

Annex

Definition:

The following breakdown has to be used: Switzerland, USA, Japan, third countries (rest of the world).

Code

47 11 0

Name

Number of accounts broken down by (sub)categories of the CPA

Annex

Definition:

The number of accounts held by credit institutions at the end of the accounting year is included here. The breakdown by products is based on the classification of products according to activities for financial intermediation services and services auxiliary to financial intermediation. The number of accounts is linked to (sub)categories of the CPA at the appropriate level.

Code

47 12 0

Name

Number of loans and advances to customers broken down by (sub)categories of the CPA

Annex

Definition:

The number of loans and advances to customers at the end of the accounting year is included here. The breakdown by products is based on the classification of products according to activities for financial intermediation services and services auxiliary to financial intermediation. The number of loans and advances to customers is linked to (sub)categories of the CPA at the appropriate level.

Code

47 13 0

Name

Number of automatic teller machines (ATM) owned by credit institutions

This variable shall comprise all pension contributions receivable by hybrid schemes, due during the financial year, in respect of pension contracts, including all regular, voluntary and other contributions.

Note

Hybrid schemes are schemes with elements of both defined benefits schemes and defined contributions schemes.

Link to other variables:

The variable Pension contributions to hybrid schemes (48 00 7) is used in the calculation of the variable Turnover (12 11 0).

Code

48 01 0

Name

Investment income (PF)

Annex

VII

Definition:

This variable shall comprise income from investments, value re-adjustments on investments and income from realised and unrealised capital gains and losses. It includes rents receivable, interest income, dividends and realised and unrealised capital gains and losses.

Link to other variables:

The variable Investment income (PF) (48 01 0) includes the variable Capital gains and losses (48 01 1).

Code

This variable shall include all kinds of expenditure to the members of the pension scheme and their dependents, outgoing transfers, etc. Expenditure, which is also income related to risks ceded to insurance enterprises, is covered here.

Link to other variables:

Total expenditure on pensions (48 03 0) is calculated as follows:

Regular pension payments (48 03 1)

Pension payments of lump sums (48 03 2)

This variable shall include all costs arising from the collection of pension contributions, portfolio management, handling of pension payments as well as commissions, other external expenses on goods and services and personnel costs.

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Total operational expenses (48 06 0) is calculated as follows:

Personnel costs (13 31 0)

Total purchases of goods and services (13 11 0).

Code

48 07 0

Name

All taxes

Annex

VII

Definition:

This variable shall comprise all direct taxes payable (e.g. on investment income, etc.) by the pension fund which are not included in external expenses on goods and services or in personnel costs.

Code

48 08 0

Name

Turnover of non-autonomous pension funds

Annex

VII

Definition:

This variable shall comprise all pension contributions, in respect of pension contracts, made to the book reserve during the financial year.

Code

48 10 0

Name

Total investments of pension funds

Annex

The variable Number of retired persons (48 70 6) is used in the calculation of the variable Number of members (48 70 0).

(1)

OJ L 76, 30.3.1993, p. 1

(2)

OJ L 193, 18.7.1983, p. 1

(3)

OJ L 171, 29.6.2007, p. 17

(4)

OJ L 311, 14.11.1997, p. 35

(5)

OJ L 360, 9.12.1992, p. 1

(6)

OJ L 386, 30.12.1989, p. 1

(7)

OJ L 374, 31.12.1991, p. 7

(8)

OJ L 243, 11.9.2002, p. 1

(9)

OJ L 372, 31.12.1986, p. 1

(10)

OJ L 24, 27.1.2006, p. 1

(11)

OJ L 375, 31.12.1985, p. 3

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ANNEX IDEFINITIONS OF CHARACTERISTICS

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4th Accounting Directive: Council Directive 78/660/EEC

IAS Regulations: European Parliament and Council Regulation (EC) No 1606/2002 (8) and Commission Regulation (EC) No 1725/2003

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For the statistics on activities defined in Section 3 of Annexes I to IV and VIII of Regulation (EC) No 295/2008 with the exception of enterprises with an activity classified in NACE Rev.2 Section K

For the statistics on activities defined in Section 3 of Annex V of Regulation (EC) No 295/2008, ‘Gross premiums written’ (12 11 0) is calculated as follows:

For the statistics on activities defined in Section 3 of Annex VII of Regulation (EC) No 295/2008 Turnover (Total pension contributions) is calculated as follows:

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4th Accounting Directive: Council Directive 78/660/EEC