These statistics have been discontinued.
No new data will be produced from these statistics.
Concepts and definitions
- Consumption of fixed capital
Consumption of fixed capital (K.1) represents the amount of fixed assets used up, during the period under consideration, as a result of normal wear and tear and foreseeable obsolescence, including a provision for losses of fixed assets as a result of accidental damage which can be insured against. (ESA 1995 6.02)
Consumption of fixed capital should be distinguished from the depreciation shown in business accounts. Consumption of fixed capital represents the amount of fixed assets used up, during the period under consideration. Consumption of fixed capital is estimated on the basis of the stock of fixed assets and the probable average economic life of the different categories of those goods.
- Fixed assets
AN.11 Produced assets that are used repeatedly or continuously in production processes for more than one year. Fixed assets consist of tangible fixed assets (AN.111) and intangible fixed assets (AN.112).
Intangible fixed assets consist of mineral exploration, computer software, entertainment, literary or artistic originals and other intangible fixed assets.
- Gross capital stock
Gross capital stock describes the value of producers' assets still in use, valued at prices payable for 'corresponding new' assets regardless of their age and actual condition. Gross capital stock includes the cumulated value of past investments minus the accumulated reduction.
- Gross fixed capital formation
Gross fixed capital formation consists of resident producers' acquisitions, less disposals, of fixed assets. Fixed assets are tangible or intangible assets produced as outputs from processes of production that are themselves used repeatedly, or continuously, in processes of production for more than one year. (ESA 1995 3.102.)
- Intangible fixed assets
AN.112. Fixed assets that consist of mineral exploration, computer software, entertainment, literary or artistic originals and other intangible fixed assets, intended to be used for more than one year.
- Net fixed capital stock
Net capital stock describes the cumulated value of past investments minus the accumulated consumption of fixed capital.
- Output at basic prices
Output at basic prices consists of the products which have been produced in the accounting period. Three categories of output are distinguished: market output, output for own final use, and other non-market output. Output is to be recorded and valued when it is generated by the production process. (ESA 1995 3.14.-3.16.)
- Produced assets
Produced assets are non-financial assets that have come into existence as outputs from production processes. (ESA 1995 7.14.)
Three categories of produced assets are distinguished: fixed assets, inventories and valuables.
Fixed assets are depicted in national accounts in connection with gross fixed capital formation and consumption of fixed capital, as well as in capital stock calculations.
Fixed assets consist of tangible and intangible fixed assets.Tangible fixed assets consist of dwellings, other buildings and structures, transport equipment, machinery and equipment, livestock for breeding, dairy, draught, etc. and vineyards, orchards and other plantations of trees yielding repeat products.
Intangible fixed assets consist of mineral exploration, computer software, entertainment, literary or artistic originals and other intangible fixed assets.
Four categories of inventories are distinguished: materials and supplies, work in progress, finished goods and goods for resale.
Valuables consist of precious metals and stones, antiques and other art objects and other valuables.
(ESA 1995 Annex 7.1)
- Reduction of fixed capital
Reduction of fixed capital means that a capital good is removed from the capital stock after having reached the end of its life cycle. The reduction is calculated as the difference between investments and changes in the gross capital stock.
- Tangible fixed assets
AN.111. Fixed assets that consist of dwellings, other buildings and structures, machinery and equipment and cultivated assets. (ESA 1995 Annex 7.1)
Tangible fixed assets have to be recorded at market prices if possible (or basic prices in the case of own-account production of new assets), if not then at current purchasers’ prices written down by the accumulated consumption of fixed capital. Purchasers’ costs of ownership transfer associated with these assets, appropriately written down, are included in the balance sheet value. (ESA 1995 7.33)
Official Statistics of Finland (OSF):
Capital stock [e-publication].
ISSN=1798-3819. Helsinki: Statistics Finland [referred: 9.2.2012].
Access method: http://www.stat.fi/til/pka/kas_en.html.
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