8566.0 - Business Events Venues Industry, Australia, 2000-01  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 07/06/2002   
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Advertising, marketing and promotion expenses

This item refers to costs incurred by a business for promotional and publicity campaigns aimed at bringing the activities of the business to the attention of comsumers for the purpose of increasing sales. This does not include the wages and salaries of employees for the distibutor who is engaged in promotional activities. However, it does include commissions paid to advertising agencies and the cost of advertising in the press.

Audio-visual equipment income

This item refers to the income accrued by a business from the use of either its own audio-visual equipment (including teleconferencing and video conferencing facilities) or from the use of such equipment and facilities supplied through on-hire from another business.

Bad and doubtful debts

This item refers to the amount of accounts receivable that are either written off, or estimated to be uncollectable during an accounting period, that are expensed in a period's profit calculations.

Casual employees

This item refers to employees not entitled to take paid holidays.

Casuals sourced from other businesses

This items refers to casual employees sourced from employment agencies and other business events venues.

Commission from the sale of food and beverages (from outlets operated by other businesses)

This item refers to income received from other businesses for concessions to operate food and beverage outlets.

Conferences

See Meetings, conferences and conventions.

Convention/exhibition businesses

This item refers to businesses whose main activity is the provision of venue facilities and services in support of business events.

Conventions

See Meetings, conferences and conventions.

Delegate/attendee days

This item refers to the total number of delegates/attendees attending each day that an event is held (e.g. 100 delegates/attendees over a 3-day conference = 300 delegate/attendee days).

Depreciation and amortisation

This item refers to the financial charges made in the accounts to reflect that part of the value of the asset which may be regarded as having been used up in producing revenue in a particular accounting period. The change represents the accounting process of systematically allocating the cost of a non-current asset over its expected useful life.

Electricity, gas and water charges

This item refers to charges that relate to the consumption of electricity, gas and water during the normal operations of the business.

Employees

This item includes working directors, and other employees working for a business during the last pay period in June. Employees absent on paid or prepaid leave are included. This item excludes working proprietors and partners of unincorporated businesses.

Employer contribution to superannuation funds

Includes all employer contributions to superannuation schemes (including the employer productivity contribution).

Employment at end June

This item includes working proprietors and partners, working directors, and other employees working for a business during the last pay period ending in June 2001. Employees absent on paid or prepaid leave are included.

Exhibitions

This item refers to an event that brings together suppliers of products, equipment, and services in an environment where they can display their products and services.

Floor space

This item refers to the total floor space of rooms and other covered areas directly related to events. It excludes facilites outside covered building spaces (e.g. lawns and gardens).

Fringe benefit tax

This item includes the tax payable by employees when certain benefits in excess of normal wages or salaries (e.g. free or discounted goods or services) are received by their employees (or associates of employees) in connection with their employment.

Incentives

This item refers to an event where delegates are sponsored by a company. They are usually rewards from companies to high performing staff. Conferencing may or may not be an activity undertaken during the stay. Delegates may spend significant time away from the venue undertaking other activities.

Industry value added

This item represents the value added of the industry to the economy and is calculated as the sales of goods and services plus government subsidies and changes in levels of trading inventories, minus purchases of goods and selected expenses.

Insurance premiums

This item refers to expenses incurred by a business in respect of different types of insurance policies but excluding workers' compensation and compulsory third party motor vehicle insurance.

Interest expenses

This item includes interest on bank loans, loans made from related as well as unrelated businesses/organisations, and interest in respect of financial leases, interest paid to loans from partners, interest equivalents, such as hedging costs, and expenses associated with discounted bills. It excludes bank charges and capital repayments.

International meetings, conferences and conventions

This item refers to meetings, conferences and conventions held in Australia with more than 45% of delegates coming from at least four other countries.

Labour costs

This item includes wages and salaries, employer contributions to superannuation funds, workers’ compensation costs, fringe benefits tax and payroll tax.

Laundry and cleaning services

These include payments to other businesses for provision of laundry and cleaning services and costs incurred under charge-back arrangements.

Lettable rooms

This item refers to the maximum number of individual lettable rooms created by either fixed walls or movable partitions that are available for conferences, meetings and exhibitions.

Local meetings, conferences and conventions

This item refers to meetings, conferences and conventions held in Australia where the majority of delegates are from the State/Territory in which the meeting is being held.

Meetings, conferences and conventions

This item refers to all off-site gatherings, held in commercial venue space. This would also involve congresses, seminars, workshops, symposiums, and associated gatherings that bring together people for a common purpose.

National meetings, conferences and conventions

This item refers to non-international meetings, conferences and conventions held in Australia where the majority of delegates are from States/Territories other than the one in which the meeting is being held.

On-hire expenses

This item refers to the expense incurred when a business hires goods (including audio-visual equipment) from another business on behalf of a customer.

On-hire income

This item refers to the income accrued when a business hires goods (excluding audio-visual equipment) to another business.

Operating profit before tax

This item refers to a measure of profit (or loss) before extraordinary items are brought to account and prior to the deduction of income tax and appropriations to owners. It is derived as total income minus total expenses, plus closing inventories minus opening inventories.

Operating profit margin

This item refers to the percentage of sales of goods and services which become profit after all operating expenses have been deducted. It is derived by expressing total operating profit before tax (OPBT) as a percentage of total sales of goods and services(i.e. OPBT*100/Sales of goods and services).

Other business events venues

This item refers predominantly to accommodation establishments, casinos and showgrounds which are mainly engaged in carrying out other activities.

Other events

This item includes weddings, graduations, parties etc.

Other event income

This item refers to all income not elsewhere specified, which arises from operations directly related to business events.

Other income

This item includes net profit (loss) on sale of fixed tangible assets, dividend income, and net profit (loss) on share trading and on foreign loans as a result of variations in foreign exchange rates/transactions. This item excludes extraordinary profit (loss), i.e. not associated with the normal operations of this practice and of a non-recurring nature.

Other on-hire expenses

This item refers to the expense incurred when a business hires decorations, entertainment etc. from another business on behalf of a customer.

Other expenses

This item includes renting of premises; freight and cartage expenses; postal, mail and courier services; bank charges other than interest; motor vehicle running expenses (including compulsory third party insurance premiums); audit and other accounting expenses; legal expenses; paper, printing and stationary expenses; training; and travel expenses.

Other purchases for events

This item includes purchases of non-capitalised goods not included elsewhere, where such goods are provided by venue operators.

Payments to other businesses for casual staff

This item includes payment to employment agencies for procuring the services of staff. This is commonly a temporary contract between the client and the employment agency.

Payroll tax

This item refers to a tax levied by State and Territory govenments upon the amount of wages and salaries paid by a business.

Permanent employees

This item refers to both permanent employees who work less than 35 hours per week and were entitled to paid holidays and leave (permanent part-time) and to permanent employees who work 35 hours per week or more and were entitled to paid holidays and leave (permanent full-time).

Public exhibitions

This item refers to exhibitons which are open to the general public.

Repair and maintenance expenses

These are costs associated with work undertaken on plant and machinery etc. to maintain normal business operations.

Sale of liquor and other beverages

This item refers to income from the sale of beer, wine, spirits and other beverages (but excluding tea, coffee and juice served with morning and afternoon teas) at business events.

Security services expenses

This item includes costs incurred when a business engages another business to provide security services, including on-site security personnel, 24-hour patrols, monitoring and response services.

Takings from accommodation

This is income received from the provision of accommodation. All takings from meals including the meals component where meals and accommodation are combined, are excluded.

Takings from car parking operations

This includes all takings from car parks operated by a convention/exhibition business.

Takings from food and meals

This item refers to income received from the provision of meals sold for consumption on the premises including morning and afternoon teas. It excludes income from catering concessions and takeaway food.

Telecommunication services

This item includes all payments (of a non-capital nature) for telecommunication services which engage wire, cable or radio transmission, excluding teleconferencing and video conferencing.

Theatre style event floor space

This item refers to the floor space occupied by fixed seating.

Trade exhibitions

This item refers to specific industry trade exhibitions where attendance is by invitation only.

Wages and salaries

This item refers to payments accruing to all employees during the financial year including provisions for employee entitlements, severence, termination and redudancy payments. Drawings by working proprietors/partners are excluded.

Workers' compensation costs

Workers' compensation is a compulsory insurance cover taken out by all employers, except self-insured workers, according to legislative schemes to cover employees suffering injury or disease in the course of or arising out of employment.