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Gross domestic product
This item represents the total market value of goods and services produced in Australia within a given period after deducting the cost of goods and services used up in the process of production, inclusive of net product taxes but before deducting allowances for the consumption of fixed capital.
This item refers to the total expenditure on acquiring fixed tangible and intangible assets, before deduction of trade-in allowances, and including expenses (except capitalised interest) incurred during the year in acquiring such assets. Fixed tangible assets include dwellings, other buildings and structures, plant, machinery and equipment (including motor vehicles). Intangible assets include patents and licences. This item also includes capitalised work done by own employees (own-account capital formation).
Gross value added
This item represents the total market value of goods and services produced in Australia within a given period after deducting the cost of goods and services used up in the process of production. See also real gross value added.
The Handbook on Non-Profit Institutions in the System of National Accounts which provides recommendations, standards and guidelines for the development of statistical data for non-profit institutions within the SNA framework.
Income from related or affiliated organisations
A related or affiliated organisation is one which has a legal relationship with the receiving organisation, or which is part of the same group of organisations (e.g. a state equivalent of an Australian organisation, or an Australian chapter of an international organisation). This item includes grants, distributions, allocations and affiliation fees received, but excludes government funding, membership fees, donations and sponsorships income received.
Income from sales of services
This item refers to income received from the sale of services. It includes income from services provided for nominal consideration, contract, subcontract and commission income, management fees/charges from related and unrelated organisations, delivery charges separately invoiced to customers and takings from gambling activities, (net of pay-outs and rebates to players, but inclusive of specific gambling taxes and/or levies). This item excludes government funding and subsidies for service delivery, income from sponsorships and other fundraising activities, and income from investments, royalties, membership fees and rent, leasing and hiring.
An institutional unit is an economic entity that is capable, in its own right, of owning assets, incurring liabilities, engaging in economic activities and engaging in transactions with other entities.
Includes such assets as computer software, entertainment and literary or artistic originals intended to be used for more than a year.
This item refers to outflows of funds related to the cost of borrowing money.
Consists of the value of the goods and services used as inputs by a process of production, excluding compensation of employees and the consumption of fixed capital.
This item includes three components:
This item includes the following components:
Liabilities are the future sacrifices of service potential or economic benefits that the entity is presently obliged to make to other entities as a result of past transactions or other past events.
This item refers to payments received from an individual or another organisation for the purpose of securing membership. Market NPIs, typically grant some form of benefit or right, (e.g. discounts, use of facilities, voting rights), to the individual or organisation paying the fee. For non-market NPIs income from membership fees is treated as transfers as any income received is intended to cover the cost of non-market production and does not include any reciprocal benefit or right.
Membership fees paid
This item refers to payments made to another organisation for the purposes of securing membership, which typically grants some form of benefit or right, (e.g. discounts, use of facilities, voting rights), in return for payment of the fee.
National accounts basis
Refers to estimates which have been produced in accordance with standard national accounting valuation methods as prescribed in the System of National Accounts, 2008. Estimates produced on a national accounts basis are directly comparable with estimates in the Australian System of National Accounts, as published in ABS catalogue number 5204.0.
In the NPI balance sheet, net worth represents the difference between the stock of assets (both financial and non-financial) and the stock of liabilities (including shares and other equity). Because it is derived residually, it can be negative.
Non-market output of market producers
Is an imputation recommended by the Handbook to measure the output of NPIs engaged in market production that is not measured when output is valued through sales. It is calculated at the unit level for market NPIs as:
For market units where output on a cost valuation basis exceeds output on a sales valuation basis, the difference is included in the aggregate value of non-market output of market producers. For units where output on a sales basis exceeds output on a cost basis, their non-market output of market producers is assumed to equal zero.
Non-profit institutions are legal or social entities, formed for the purpose of producing goods or services, and whose status does not permit them to be a source of income, profit or financial gain for the individuals or organisations that establish, control or finance them.
Refers to any organisation domiciled overseas. Foreign branches and foreign subsidiaries of Australian organisations are regarded as non-resident organisations.
NPIs engaged in market production
NPIs which receive income from sales sufficient to cover the majority of their costs of production. Sales in this context includes income received from government provided on a volume basis, rent, leasing and hiring income, sponsorship income and membership fees.
NPIs engaged in non-market production
NPIs which rely principally on funds other than receipts from sales to cover their costs of production or other activities.
NPI satellite account basis
Refers to estimates which extend the boundary of production as described in the System of National Accounts to include imputations for the value of the non-market output of market producers and the value of volunteer services.
The goods and services that are produced within an establishment that become available for use outside that establishment, plus any goods and services produced for own final use.
Own-account capital formation
Compensation of employees and other costs (including purchases of materials) paid by organisations in producing capital goods for use by the organisation.
Payments to other businesses (e.g. employment agencies) for staff
This item refers to payments made to other businesses or organisations, such as employment agencies, for the supply or recruitment of staff.
Permanent full-time employees
This item refers to employees who work 35 hours or more per week and are entitled to paid leave.
Permanent part-time employees
This item refers to employees who work less than 35 hours per week and are entitled to paid leave.
Philanthropic trusts/foundations are non-profit organisations which hold money in trust for the public benefit and which make grants of money for charitable or socially useful purposes.
An activity carried out under the responsibility, control and management of an institutional unit, that uses inputs of labour, capital and goods and services to produce output of goods and services.
As defined in the System of National Accounts, the production boundary includes:
Purchases of goods and services
The cost of goods and services used in the production of the final output of a business. This item is further comprised of materials and goods for use by the reporting organisation and finished goods for resale.
Gross value added which has been adjusted for inflation using the final consumption implicit price deflator from Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0).
Rent, leasing and hiring income
This item refers to revenue derived from the renting, leasing or hiring of assets such as land, buildings, vehicles, machinery or equipment to other businesses/organisations or individuals.
Sales of goods
This item refers to income earned from the sale of goods, whether or not produced by the organisation. It includes export sales, sales or transfers to related organisations or to overseas branches of the organisation, sales made for nominal consideration and delivery charges not separately invoiced to customers. This item excludes excise and duties received on behalf of the government, sales of assets, delivery charges separately invoiced to customers and income from investment, royalties and rent, leasing and hiring.
This item is derived as total revenue less total current expenses. Revenue includes funding from government of a capital nature. Current expenses do not include expenditure of a capital nature.
This item refers to transactions made which result in advertising and/or other benefits to the sponsoring business/organisation. Donations of a financial or in-kind nature are excluded.
System of National Accounts
The System of National Accounts is a framework of a coherent, consistent and integrated set of macroeconomic accounts, balance sheets and tables based on a set of internationally agreed concepts, definitions, classifications and accounting rules.
When one institutional unit provides a good, service or cash to another unit without receiving from the latter anything of economic value in return. See also capital transfers and donations.
Volunteers are people who willingly give unpaid help, in the form of time, service or skills, to an organisation or group. Included in this category are the volunteer component of boards of management, fundraising committee members and auxiliary members.
This item represents the imputed value of volunteer work. This is calculated by assigning a wage rate to each volunteer hour.
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