ANZSIC
The Australian and New Zealand Standard Industrial Classification (cat.no.1292.0).
BUSINESS ENTITIES
A term used in this publication to describe the combination of business units from the Economic Activity Survey and the business units provided by the ATO.
BUSINESS REGISTER
A list of businesses maintained by the ABS and used for creating survey frames for ABS business surveys.
ECONOMIC ACTIVITY SURVEY (EAS)
An annual business survey conducted by the ABS which is one of the sources of the estimates presented in this publication.
EASTAX
Estimates derived by combining (a) data directly collected via the ABS Economic Activity Survey in respect of selected industries with (b) business income tax data provided by the ATO.
FINANCIAL EXPENSES
Includes bad debts, interest expenses, bank charges other than interest and insurance premiums.
Income from services
Includes repair, maintenance and service income and fees, income from work done or sales made on a commission basis, delivery or installation charges which are invoiced separately to customers, advertising income and management fees/charges from related or unrelated businesses. As a result of revised international standards, income from royalties from intellectual property are also a component of estimates of income from services commencing with estimates for 1997-98. Excluded are rent, leasing and hiring income, government bounties and subsidies, income from natural resource royalties, interest income and dividends.
INTEREST INCOME
Includes interest received from bank accounts, loans and finance leases and earnings on discounted bills.
LABOUR COSTS
Wages and salaries plus employers contributions to superannuation funds plus workers' compensation costs.
Management Unit
The largest type of unit within an enterprise group which controls its productive activities and for which separate accounts are kept.
MULTI-STATE BUSINESSES
Those businesses with operations in more than one state or territory.
OPERATING BUSINESS
See under Statistical unit in Explanatory Notes.
OPERATING PROFIT BEFORE TAX (OPBT)
A measure of profit before extraordinary items are brought into account and prior to the deduction of income tax and appropriations to owners (e.g. dividends paid). OPBT in this publication is simply calculated as Total operating income minus Total operating expenses. Other definitions include change in stocks, but this information was not available for this report.
Total operating income
less Total operating expenses
less Opening stocks
plus Closing stocks
equals OPBT
OTHER SELECTED EXPENSES
Includes depreciation, motor vehicle running, postal and telecommunication services, advertising, freight and cartage, repair and maintenance, other management and administrative, travelling and accommodation, sales commission, paper, printing and stationary, audit and other accounting, cleaning, royalties, legal, data processing and other expenses as well as commission expenses on own material and land tax and rates.
OTHER SELECTED INCOME
Includes royalty income, insurance recoveries, subsidies, employee contributions for fringe benefits tax, government assistance from all sources, distribution from partnerships and trusts and gross dividends.
OTHER SERVICE INDUSTRIES
Comprises Education, Community service and religious organisations, Interest groups (trade unions, industry associations, etc.) and Public order and safety services.
PURCHASES
Includes purchases of materials, components, containers, packaging, fuels, electricity and water, and purchases of goods for resale.
Rent, leasing and hiring expenses
Costs for the rent, leasing (excluding finance leases) of vehicles, land, buildings, machinery, equipment and any other property to other businesses or individuals.
RENT, LEASING AND HIRING INCOME
Includes income received from the renting, leasing or hiring of assets such as land, buildings, vehicles, machinery or equipment to other businesses or individuals.
SALES OF GOODS
Includes sales of goods whether or not manufactured by the business and sales or transfers to related businesses.
Selected industries
Comprises the following industries: Mining; Manufacturing; Electricity, gas and water supply; Construction; Wholesale trade; Retail trade; Accommodation, cafes and restaurants; Transport and storage; Communication services; Property and business services; Cultural and recreational services and selected ANZSIC classes in the Health, Personal services and Finance and insurance industries.
SINGLE STATE BUSINESSES
Those businesses with operations in one state or territory only.
TOTAL OPERATING EXPENSES
The total expenses of a business, excluding extraordinary items.
TOTAL OPERATING INCOME
The total income of a business, excluding extraordinary items.