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ANALYSIS OF RESULTS
NPI VALUE ADDED
NPI value added measures the value of goods and services produced by NPIs (or output), less the cost of goods and services used up in their processes of production. While it is not separately identified in the core national accounts, this value added is already included in the national accounts and is termed NPI value added on a national accounts basis. NPI value added on a national accounts basis was $40,959 million in 2006-07. When additions are made to NPI value added on a national accounts basis to include the non market output of market producers and the imputed value of volunteer services, this is termed NPI value added on an NPI satellite account basis. NPI value added was $55,845 million in 2006-07 on this basis.
On a national accounts basis, education and research NPIs made the largest contribution to value added (26.9%), followed by culture and recreation NPIs (16.2%). On an NPI satellite account basis, culture and recreation NPIs made the largest contribution to value added (21.8%), followed by education and research NPIs (21.0%).
NPIs received $76,639 million worth of income in 2006-07. The main source of income for market NPIs was sales of services ($19,591 million), whilst the main source of income for non market NPIs was volume based government funding ($4,253 million). For further information about the market/non market distinction, refer to the glossary. Most income was received by market NPIs from households ($18,362 million). Households were also the main contributors to income received by non market NPIs ($8,862 million). The main type of income received by market NPIs was income from service provision ($36,210 million). This was also the main type of income received by non market NPIs ($11,116 million).
Education and research NPIs generated the most income ($16,016 million), followed by culture and recreation NPIs ($13,395 million).
NPI USES OF INCOME
The main way in which market NPIs used their income was labour costs ($24,010 million). This was also the main expense for non market NPIs ($8,797 million). Equivalent to their income received, education and research NPIs used the most income ($16,016 million), followed by culture and recreation NPIs ($13,395 million).
NPIs employed 889,900 persons in 2006-07. The majority of these employees were full time employees (368,500 persons). Market NPIs employed 619,400 persons, whilst non market NPIs employed 270,600 persons. Social services NPIs employed the most people (221,500), followed by education and research NPIs (218,400).
A volunteer is someone who willingly gives unpaid help in the form of time, service or skills, through an organisation or group. Over 4.5 million Australians over the age of 18 volunteered for NPIs in 2006-07. The most people volunteered for culture and recreation NPIs (1.7 million), followed by social services NPIs (1.1 million).
623 million hours were volunteered to NPIs in 2006-07, equating to 317,200 full time equivalents. The most hours were volunteered for culture and recreation NPIs (232 million hours), followed by social services NPIs (163 million hours). The most hours were volunteered by females (316 million hours, or 161,300 full time equivalents).
The number of hours volunteered in NPIs and average hourly ordinary time earnings in selected occupations have been used to impute the value of volunteer services in NPIs. Further information about the calculation of volunteer services is detailed in Appendix 6. In 2006-07, the value of imputed volunteer services was $14,598 million. Due to their higher average wage rates, males contributed most to the value of volunteer services ($7,806 million).
When volunteering for government and other organisations is added in order to value volunteering for all organisations, volunteer services under this method were $16.5 billion and full time equivalents were 359,700 persons.
NPI BALANCE SHEET AND CAPITAL ACCOUNT
During 2006-07, NPIs had gross savings and capital transfers of more than $8.6 billion. Overall, market NPIs were net borrowers ($1.7 billion), whilst non market NPIs were net lenders ($137 million).
As at 30 June 2007, NPIs held total assets of $138 billion. The majority of these were non financial assets ($103.4 billion). When the total liabilities held by NPIs of $36.3 billion are subtracted from total assets, this gives the total net worth of NPIs ($101.7 billion).
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