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GLOSSARY ANZSIC Class
The structure of ANZSIC comprises four levels, ranging from industry division (broadest level) to industry class (finest level). Activities are narrowly defined within the industry class level, which is identified by a four-digit code, e.g. Class 3321 Petroleum Product Wholesaling.
ANZSIC Division
The structure of ANZSIC comprises four levels, ranging from industry division (broadest level) to industry class (finest level). The main purpose of the industry division level is to provide a limited number of categories which give a broad picture of the economy. There are 19 divisions within ANZSIC, each identified by an alphabetical letter, e.g. 'F' for Wholesale Trade, and 'G' for Retail Trade.
ANZSIC Group
This is the intermediate level within each industry division of ANZSIC and is identified by a three-digit code, e.g. Group 332 Mineral, Metal and Chemical Wholesaling. It provides more detail than the industry subdivision, and is created in a way that groups like industry classes together.
ANZSIC Subdivision
This is the broadest level category within each industry division of ANZSIC and is identified by a two-digit code, e.g. Subdivision 33 Basic Material Wholesaling. Industry subdivisions are built up from industry groups which, in turn, are built up from industry classes.
Closing inventories
See Inventories.
Commission income
This item includes income received from goods sold on behalf of another business.
Employees
This item represents all employees on the payroll for the last pay period ending in June. Employees absent on paid or prepaid leave, and employees on workers' compensation who continue to be paid through the payroll are included. Working proprietors and partners, non-salaried directors, subcontractors, unpaid workers and persons solely paid by commission without a retainer are excluded.
Employing businesses
Employing businesses are those registered to the ATO's pay-as-you-go withholding (PAYGW) tax scheme (which may include businesses with zero employees during the last pay period ending in June, for example where a business ceased operation during the reference period). Also included are businesses which did not remit to the PAYGW tax scheme but which reported having one or more employees during the last pay period in June.
Employment at end June
This item represents all working proprietors and partners and employees on the payroll of the business during the last pay period ending in June. Permanent, temporary and casual employees and employees absent on paid or prepaid leave are included. Non-salaried directors, self-employed persons such as consultants and contractors, persons paid by commission only and unpaid workers are excluded.
Gross value added
Gross value added is the value of output at basic prices minus the value of intermediate consumption at purchasers' prices. The term is used to describe gross product by industry and by sector. Basic prices valuation of output removes the distortion caused by variations in the incidence of commodity taxes and subsidies across the output of individual industries. For more information refer to Australian System of National Accounts, 2005–06 (cat. no. 5204.0).
Income per person employed
This item is total income divided by employment.
Industry value added
Industry value added (IVA) represents the value added by an industry to the intermediate inputs used by the industry. IVA is the measure of the contribution by businesses, in the selected industry, to gross domestic product. The derivation of IVA for market producers is as follows: sales and service income plus funding from federal, state and/or local government for operational costs plus capital work done for own use plus closing inventories less opening inventories less intermediate input expenses less capitalised purchases equals IVA. Wage and salary expenses and most other labour costs are not taken into account in its calculation and nor are most insurance premiums, interest expenses or depreciation and a number of lesser expenses including bad debts, computer software expensed and state gambling taxes. However, it should be noted that IVA is not a measure of operating profit before tax.
Inventories
This item is the value of all inventories of finished goods (including inventories for resale), work in progress (less progress payments billed), raw materials, fuels and containers at the beginning (i.e. opening inventories) and at the end (i.e. closing inventories) of the reference period.
Inventory turnover
This item indicates the number of times that inventories are turned over during the year. It is expressed as the ratio of cost of goods sold divided by average inventories (where average inventories is opening inventories plus closing inventories divided by two).
Non-employing businesses
Non-employing businesses are those which did not remit under the ATO's PAYGW tax scheme for five consecutive quarters prior to the reference period and which reported having no employees during the last pay period ending in June.
Opening inventories
See Inventories.
Operating profit before tax
This item is profit (or loss) before extraordinary items are brought to account and prior to the deduction of income tax and appropriations to owners (i.e. dividends paid, drawings). It is derived as: Total income plus closing inventories less total expenses less opening inventories.
Operating profit margin
This represents the percentage of businesses' sales of goods and services which becomes profit after all operating expenses have been deducted. It is derived by expressing total operating profit before tax as a percentage of total sales of goods and services.
Other service income
This item includes delivery charges not elsewhere included and other services income such as consultancy fees, installation fees, management and administration service fees, subscriptions and membership fees and other specified and unspecified service fees. It also includes food sold as takeaway food for immediate consumption, meals prepared for consumption on the premises and the provision of catering.
Purchases
This item includes purchases of materials, components, containers, packaging materials, electricity, water, fuels to power 'non-registered' vehicles (e.g. tractors, forklifts) and purchases of finished goods for resale. It excludes capitalised purchases of materials and purchases of parts and fuels for motor vehicles.
Repair and maintenance income
This item refers to income from repair and maintenance on plant and machinery to maintain normal business operations, including:
Retail sales of goods
This item comprises sales of new or used goods to final consumers for personal or household consumption.
Sales of goods and services
Sales of goods includes the following items whether or not the goods are produced by the business or produced for the business on a commission basis:
The following are excluded:
Exports are valued free on board (f.o.b.), i.e. export freight charges are excluded. Income from services includes the following:
The following are excluded:
These are valued net of discounts given and exclusive of goods and services tax. Extraordinary items are also excluded.
Sales of goods produced
This item comprises sales of goods produced by the business or produced for the business on a commission basis.
Wages and salaries
This item represents the gross wages and salaries of all employees of the business. It includes severance, termination and redundancy payments, salaries and fees of directors and executives, retainers and commissions of persons who received a retainer, bonuses, and annual and other types of leave. Provision expenses for employee entitlements (e.g. provisions for annual leave and leave bonus, long service leave, sick leave, and severance, termination and redundancy payments) are also included. Payments related to salary sacrifice and payments to self-employed persons such as consultants, contractors and persons paid solely by commission without a retainer are excluded. The drawings of working proprietors and partners are also excluded.
Wages and salaries per employee
This item is wages and salaries divided by the number of employees.
Wholesale sales of goods
This item comprises sales of goods to businesses and other organisations.
Working proprietors and partners of unincorporated businesses
A working proprietor or partner of an unincorporated business operates his or her own business (a sole proprietorship), while a partner, along with one or more other partners, operates a partnership. Working proprietors and partners are:
As such, working proprietors and working partners are not considered to be employees of their business. Document Selection These documents will be presented in a new window.
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8622.0 - Retail and Wholesale Industries, Australia, 2005-06
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 17/08/2007
This page last updated 30 July 2014