Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Catalogue Number
5259.0 - Australian National Accounts: Information and Communication Technology Satellite Account, 2002-03  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 07/03/2006  First Issue
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product



GLOSSARY

Basic price


The amount receivable by the producer from the purchaser for a unit of a good or service produced as output, minus any tax payable plus any subsidy receivable on that unit as a consequence of its production or sale; it excludes any transport charges invoiced separately by the producer.


Compensation of employees


The total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the employee during the accounting period. It is further classified into two sub-components: wages and salaries; and employers' social contributions. Compensation of employees is not payable in respect of unpaid work undertaken voluntarily, including the work done by members of a household within an unincorporated enterprise owned by the same household. Compensation of employees excludes taxes such as payroll tax payable by the employer on the wage and salary bill.


Computer services


This product grouping covers a range of activities, including maintenance and repair of ICT products, disaster recovery, data processing services, computer time sharing, information storage and retrieval and help desk functions. In the satellite account this grouping excludes production (including enhancement) of computer software.


Consumption of fixed capital


The reduction in the value of fixed assets used in production during the accounting period resulting from physical deterioration, normal obsolescence or normal accidental damage. Unforeseen obsolescence, major catastrophes and the depletion of natural resources are not included in this item.


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. Also includes self-employed persons and persons working for one hour or more without pay in a family business or on a farm.


Exports


The value of goods exported and amounts receivable from non-residents for the provision of services by residents.


Final consumption expenditure - general government


Net expenditure on goods and services by public authorities, other than those classified as public corporations, which does not result in the creation of fixed assets or inventories or in the acquisition of land and existing buildings or second-hand assets. It comprises expenditure on compensation of employees (other than those charged to capital works etc.), goods and services (other than fixed assets and inventories) and consumption of fixed capital. Fees etc. charged by general government bodies for goods and services sold are offset against purchases.


Final consumption expenditure - households


Net expenditure on goods and services by persons and expenditure of a current nature by private non-profit institutions serving households. This item excludes expenditures by unincorporated businesses and expenditures on assets by non-profit institutions (treated as gross fixed capital formation). Also excluded is expenditure on maintenance of dwellings (treated as intermediate expenses of private enterprises), but personal expenditure on motor vehicles and other durable goods and the imputed rent of owner-occupied dwellings are included.


Finance lease


Under a finance lease arrangement a change of ownership from the lessor to the lessee is deemed to have taken place, even though the leased goods legally remain the property of the lessor during the period of the lease. Under this arrangement, gross fixed capital formation is therefore attributed to the sector and industry of the lessee.


Gross domestic product


The market value of goods and services produced in Australia within a given period of time after deducting the cost of goods and services used up in the process of production but before deducting allowances for the consumption of fixed capital. Thus gross domestic product, as defined here, is at 'market prices'.


Gross fixed capital formation


Expenditure on fixed assets - dwellings, other buildings and structures, machinery and equipment, livestock, intangible fixed assets and ownership transfer costs. The machinery and equipment category includes plant, machinery, equipment, vehicles, etc. Expenditure on repair and maintenance of fixed assets is excluded, being chargeable to the production account. Additions to fixed assets are regarded as capital formation. Also included is compensation of employees and other costs paid by private enterprise in connection with own-account gross fixed capital formation. Expenditure on dwellings, other buildings and structures, and machinery and equipment is measured as expenditure on new and second-hand assets, less sales of existing assets. Ownership transfer costs comprise stamp duty, fees and commissions of real estate agents, conveyancing fees and miscellaneous government charges.


Gross mixed income of unincorporated enterprises


The surplus or deficit accruing from production by unincorporated enterprises. It includes elements of both compensation of employees (returns on labour inputs) and operating surplus (returns on capital inputs).


Gross operating surplus


The operating surplus accruing to all enterprises, except unincorporated enterprises, from their operations in Australia. It is the excess of gross output over the sum of intermediate consumption, compensation of employees, and taxes less subsidies on production and imports. It is calculated before deduction of consumption of fixed capital, dividends, interest, royalties and land rent, and direct taxes payable, but after deducting the inventory valuation adjustment. By national accounting convention, gross operating surplus for general government is equivalent to the consumption of fixed capital for this sector.


Gross value added


The value of output at basic prices minus the value of intermediate consumption at purchasers' prices. The term is used to describe gross product by industry and by sector. Basic prices valuation of output removes the distortion caused by variations in the incidence of commodity taxes and subsidies across the output of individual industries.


Information and Communication Technology


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.


Inventories


Consist of stocks of outputs that are held at the end of an accounting period by the units that produced them prior to their being further processed, sold, delivered to other units or used in other ways. Also includes stocks of products acquired from other units that are intended to be used for intermediate consumption or for resale without further processing.


ICT income


Consists of all income from the sale, distribution and provision of ICT goods and services.


ICT industry grouping


Refers to the Division or Group of the Australian and New Zealand Standard Industrial Classification (ANZSIC) that selected ICT activity falls within.


ICT Computer services industry grouping


Refers to businesses classified to the following ANZSIC classes:

  • 7831 Data processing services
  • 7832 Information storage and retrieval services
  • 7833 Computer maintenance services
  • 7834 Computer consultancy services.

ICT GDP


Equals ICT gross value added plus taxes paid less subsidies received on ICT products. ICT GDP is a satellite account construct to enable comparisons with the most widely recognised national accounting aggregate, GDP. While useful in this context, the ICT gross value added measure should be used in making comparisons with other industries or between countries.


ICT gross value added


The value of output of ICT products at basic prices less the value of intermediate consumption inputs (at purchasers' prices) used in producing these ICT products. This measure is directly comparable with the value added of 'conventional' industries such as mining and manufacturing and should also be used for comparisons across countries.


ICT Manufacturing industry grouping


Refers to businesses classified to the following ANZSIC classes:

  • 2841 Computer and business machine manufacturing
  • 2842 Telecommunication, broadcasting and transceiving equipment manufacturing
  • 2849 Electronic equipment manufacturing n.e.c.
  • 2852 Electric cable and wire manufacturing.

ICT specialists


Comprises those businesses whose ICT income (as defined above) is 50% or more of the total income of the business, with the exception of businesses classified to the following ANZSIC classes, who are defined as ICT specialist businesses regardless of their income:

  • 2842 Telecommunication, broadcasting and transceiving equipment manufacturing
  • 4613 Computer wholesaling
  • 7120 Telecommunications services
  • 7831 Data processing services
  • 7832 Information storage and retrieval services
  • 7833 Computer maintenance services
  • 7834 Computer consultancy services.

ICT Telecommunication services industry grouping


Refers to businesses classified to ANZSIC class 7120, Telecommunication services.


ICT Wholesale trade industry grouping


Refers to businesses classified to the following ANZSIC classes:

  • 4613 Computer wholesaling
  • 4614 Business machine wholesaling
  • 4615 Electrical and electronic equipment wholesaling n.e.c.

Imports


The value of goods imported and amounts payable to non-residents for the provision of services to residents.


Intermediate consumption


Consists of the value of the goods and services consumed as inputs by a process of production, excluding the consumption of fixed capital.


Margin


The difference between the resale price of a good and the cost to the retailer or wholesaler of the good sold.


Net capital stock


Represents the net present value of future capital services to be provided by assets.


Net operating surplus


Equivalent to gross operating surplus after deducting an allowance for consumption of fixed capital. See also gross operating surplus.


Other subsidies on production


Consist of all subsidies, except subsidies on products, which resident enterprises may receive as a consequence of engaging in production. Other subsidies on production include: subsidies related to the payroll or workforce numbers, including subsidies payable on the total wage or salary bill, on numbers employed, or on the employment of particular types of persons, e.g. persons with disabilities or persons who have been unemployed for a long time.


Other taxes on production


Consist of all taxes that enterprises incur as a result of engaging in production, except taxes on products. Other taxes on production include: taxes related to the payroll or workforce numbers excluding compulsory social security contributions paid by employers and any taxes paid by the employees themselves out of their wages or salaries; recurrent taxes on land, buildings or other structures; some business and professional licences where no service is provided by the Government in return; taxes on the use of fixed assets or other activities; stamp duties; taxes on pollution; and taxes on international transactions.


Output


Consists of those 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 gross fixed capital formation


Goods and services produced by an entity that are used for gross fixed capital formation within the same entity. They are valued according to the basic price of similar products sold on the market or by their costs of production if no suitable basic prices are available.


Purchasers prices


The purchaser's price is the amount paid by the purchaser, excluding any deductible tax, in order to take delivery of a good or service at the time and place required by the purchaser.


Satellite accounts


These are accounts which provide a framework linked to the core national accounts and enable attention to be focussed on a certain field or aspect of economic and social life in the context of the national accounts.


Subsidies on products


Subsidies payable per unit of a good or service. The subsidy may be a specific amount of money per unit of quantity of a good or service, or it may be calculated ad valorem as a specified percentage of the price per unit. A subsidy may also be calculated as the difference between a specified target price and the market price actually paid by a purchaser. A subsidy on a product usually becomes payable when the product is produced, sold or imported, but it may also become payable in other circumstances, such as when a product is exported, leased, transferred, delivered or used for own consumption or own capital formation.


System of National Accounts


The System of National Accounts consists of a coherent, consistent and integrated set of macro-economic accounts based on a set of internationally agreed concepts, definitions, classifications and accounting rules.


Taxes on production and imports


Consist of 'taxes on products' and 'other taxes on production'. These taxes do not include any taxes on the profits or other income received by an enterprise. They are payable irrespective of the profitability of the production process. They may be payable on the land, fixed assets or labour employed in the production process, or on certain activities or transactions.


Taxes on products


Taxes payable per unit of some good or service. The tax may be a specific amount of money per unit of quantity of a good or service (quantity being measured either in terms of discrete units or continuous physical variables such as volume, weight, strength, distance, time, etc.), or it may be calculated ad valorem as a specified percentage of the price per unit or value of the goods or services transacted. A tax on a product usually becomes payable when the product is produced, sold or imported, but it may also become payable in other circumstances, such as when a good is exported, leased, transferred, delivered, or used for own consumption or own capital formation.


Bookmark and Share. Opens in a new window

Commonwealth of Australia 2014

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.