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




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

Sales of goodsIndustry Value AddedSales of goods
+ Income from services+ Adjustments for balancing supply and use between industries+ Income from services
+ Income from rent, leasing and hiring- Inventory holding adjustments (1)+ Income from rent, leasing and hiring
+ 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
+ Other royalties income- Adjustments to remove the effects of taxes and subsidies+ Interest income
+ Closing inventories+ Dividend income
- Opening inventories+ Royalties income
- Purchases of materials, components, containers, packaging materials,
electricity, fuels and water
+ Other income
- Purchases of finished goods for resale+ Closing inventories
- Rent, leasing and hiring expenses- Opening inventories
- Freight and cartage expenses- Wages and salaries including provisions for employee entitlements
- Motor vehicle running expenses- Employer contributions into superannuation including salary sacrifice
- Repair and maintenance expenses- Workers compensation premiums/costs
- Commission expenses- Purchases of materials, components, containers, packaging materials, electricity, fuels and water
- Bank charges other than interest- Purchases of finished goods for resale
- Payment to employment agencies for staff- Rent, leasing and hiring expenses
- Other royalties expenses- Freight and cartage expenses
- Other operating expenses- Motor vehicle running expenses
- Repair and maintenance expenses
- 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
- 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

Topics @ a Glance- Manufacturing



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