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Topics @ a Glance - Mining Statistics
Using Mining Statistics
Frequently Asked Questions
What are the Components of Industry Value Added, Gross Value Added and Operating Profit Before Tax?
 
 

Industry Value Added (IVA)Gross Value Added (GVA)Operating Profit Before Tax (OPBT)

Sales of minerals and goodsIndustry Value AddedSales of minerals and goods
+ Income from services+ Adjustments for balancing supply and use between industries+ Income from services
+ Rent, leasing and hiring income- Inventory holding adjustments (1)+ Rent, leasing and hiring income
+ Government funding for operational costs (e.g. wages and salaries,
rent)
- Adjustments for services provided by banks and other financial intermediaries, the cost of which is included in the interest paid and interest received+ Government funding for operational costs (e.g. wages and salaries,
rent)
+ Capitalised wages and salaries- Adjustments for services provided by insurance enterprises, the cost of which is included in the premium+ Government funding provided for specific capital items
+ Closing inventories- Adjustments to remove the effects of taxes and subsidies+ Interest income
- Opening inventories+ Dividend income
- Purchases of materials, components, containers, packaging materials, electricity, gas, coal, diesel oil and fuel, other petroleum products, other fuels, water, minerals and other goods for resale+ Natural resource royalties income
- Rent, leasing and hiring expenses+ Other income
- Freight and cartage expenses+ Closing inventories
- Motor vehicle running expenses- Opening inventories
- Repair and maintenance expenses- Wages and salaries including provisions for employee
entitlements
- Contract, sub-contract and commission expenses- Employer contributions into superannuation including
salary sacrifice
- Bank charges other than interest- Workers compensation premiums/costs
- Payment to employment agencies for staff- Purchases of materials, components, containers, packaging materials, electricity, gas, coal, diesel oil and fuel, other petroleum products, other fuels, water, minerals and other goods for resale
- Other operating expenses- Rent, leasing and hiring expenses
- Freight and cartage expenses
- Motor vehicle running expenses
- Repair and maintenance expenses
- Contract, sub-contract and commission expenses
- Bank charges other than interest
- Payment to employment agencies for staff
- Payroll tax
- Fringe benefits tax
- Land tax and land rates
- Computer software expensed
- Depreciation and amortisation
- Insurance premiums
- Bad and doubtful debts
- Natural resource royalties expenses
- Interest expenses
- Other operating expenses

Note: (1) Inventory holding adjustments are adjustments made to remove the effect of gains or losses from the changes in the value of inventories that are the result of price changes.


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Frequently Asked Questions

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