8126.0 - Information and Communication Technology, Australia, 2006-07 
Quality Declaration
Quality Declaration ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 07/10/2008
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GLOSSARY
Depreciation and amortisation These refer to financial charges made in the accounts to reflect that part of the value of an asset which may be regarded as having been used up in producing revenue in a particular accounting period. Earnings before interest, tax, depreciation and amortisation Profit prior to the deduction of net interest (interest income minus interest expenses), income tax, depreciation and amortisation. Items classifiable to other income are also excluded. Electronic and precision equipment repair and maintenance industry grouping Refers to businesses classified to the following class of the ANZSIC for output purposes (see Explanatory Notes 27 to 29):
Employer contributions into superannuation Refers to all employer contributions into superannuation including salary sacrifice. Employment Includes full-time and part-time employees, employees absent on paid or prepaid leave, managerial and executive employees, permanent, temporary and casual employees and working proprietors and partners. Non-salaried directors, persons paid by commission only and self-employed persons such as consultants and contractors are excluded. Fringe benefits tax Fringe benefits tax is paid by employers when certain benefits in excess of normal wages or salaries (e.g. free or discounted goods) are received by their employees in connection with their employment. Information and Communication Technology (ICT) Information and Communication Technology refers to the technologies and services that enable information to be accessed, stored, processed, transformed, manipulated and disseminated, including the transmission or communication of voice, image and/or data over a variety of transmission media. ICT Goods Information and Communication Technology goods broadly cover:
Excluded from ICT goods in the Australian definition are equipment in which the presence of microprocessors is predominantly used for the control of a process or the setting of functions (e.g. robots, scientific and health equipment). ICT income Consists of all income from the sale, distribution and provision of ICT goods and services. ICT industry grouping Refers to the Division, Subdivision, Group or Class of the ANZSIC that selected ICT activity falls within. ICT industry groupings include:
Income from repair and maintenance services Refers to the income from the repair and maintenance of equipment. Repair activities are divided broadly into:
Industry value added (IVA) Industry value added for market producers is an estimate of the difference between the value of the output for an industry and the purchases of materials and selected expenses incurred in the production of that output. It is derived as:
plus Operational funding from government plus Any changes in levels of trading stock inventories less Purchases of materials, components and services used in the production of goods for sale. less Expenses related to the sale of goods and administrative expenses (excluding indirect taxes such as payroll tax, fringe benefits tax, land tax and land rates) plus Own account capital work less Capitalised purchases of materials equals IVA Information media and telecommunications industry grouping Refers to businesses classified to the following classes of the ANZSIC for output purposes (see Explanatory Notes 27 to 29):
Insurance premiums Refers to expenses incurred by a business in respect of different types of insurance policies. Excluded are workers' compensation and compulsory third party motor vehicle insurance premiums. Labour costs Included are wages and salaries, employer contributions into superannuation, workers' compensation premiums/costs, fringe benefits tax and payroll tax. Manufacturing industry grouping Refers to businesses classified to the following classes of the ANZSIC for output purposes (see Explanatory Notes 27 to 29):
Operating expenses Refers to the sum of all expense items excluding extraordinary items and capital expenditure. Operating profit before tax (OPBT) A measure of profit (or loss) before extraordinary items are brought to account and prior to the deduction of income tax and appropriation to owners. It is derived as:
plus Closing Inventories less Total expenses less Opening inventories equals OPBT Operating profit margin Refers to the average proportion contributed by sales of goods and services to the profit of businesses. It is derived as:
divided by revenue from sales of goods and services times 100 equals Operating profit margin Other income Refers to all income items not separately itemised, such as dividend income, funding from federal, state and local government and net profit (loss) on foreign exchange rates, sale of non-current assets and share trading. Extraordinary items are excluded. Other operating expenses Refers to all expense items not separately itemised, such as printing and postal charges, motor vehicle running expenses, rent, leasing and hiring, advertising and bank charges. Extraordinary items are excluded. Payments to contractors and consultants for computing and telecommunication services Refers to payments to other businesses and self-employed persons for computing and telecommunication services work done or sales made on a contract or commission basis. Payroll tax Refers to a tax levied by state and territory governments upon the amount of wages and salaries paid by a business. Total income Refers to the sum of all income items excluding extraordinary items. Wages and salaries Refers to wages and salaries and selected provisions for employee entitlements. Included are, severance, termination and redundancy payments, bonuses and payments for annual and other types of leave, salaries and fees of directors and retainers and commissions of persons who received a retainer. Payments related to salary sacrifice are excluded. Wholesale trade industry grouping Refers to businesses classified to the following classes of the ANZSIC for output purposes (see Explanatory Notes 27 to 29):
Workers' compensation premiums/costs Refers to the compulsory insurance cover to be taken out by all employers, except for self-insured workers, according to legislative schemes to cover employees suffering injury or disease in the course of, or arising out of, employment. Document Selection These documents will be presented in a new window.
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