Non-financial corporations; transactions by type of corporations 2015-2021

Non-financial corporations; transactions by type of corporations 2015-2021

Non-financial corporations Periods Resources Total (million euros) Resources Output (million euros) Resources Other subsidies on production (million euros) Resources Property income Total (million euros) Resources Property income Interest Interest; definition National Accounts (million euros) Resources Property income Interest Correction FISIM (million euros) Resources Property income Interest Interest before correction for FISIM (million euros) Resources Property income Distributed income of corporations Total (million euros) Resources Property income Distributed income of corporations Dividends (million euros) Resources Property income Distributed income of corporations Withdrawals from income of quasi-corp. (million euros) Resources Property income Reinvested earnings on foreign investm. (million euros) Resources Property income Other investment income Total (million euros) Resources Property income Other investment income Investm. income attrib. to policy holder (million euros) Resources Property income Other investment income Income payable on pension entitlements (million euros) Resources Property income Other investment income Inv. income attributable to shareholders (million euros) Resources Property income Rent (million euros) Resources Employers' imputed social contributions (million euros) Resources Other current transfers Total (million euros) Resources Other current transfers Non-life insurance claims (million euros) Resources Other current transfers Miscellaneous current transfers (million euros) Resources Capital transfers Total (million euros) Resources Capital transfers Investment grants (million euros) Resources Capital transfers Other capital transfers (million euros) Uses Total (million euros) Uses Intermediate consumption (-) (million euros) Uses Compensation of employees Total (million euros) Uses Compensation of employees Wages and salaries (million euros) Uses Compensation of employees Employers' social contributions (million euros) Uses Other taxes on production (million euros) Uses Property income Total (million euros) Uses Property income Interest Interest; definition National Accounts (million euros) Uses Property income Interest Correction FISIM (million euros) Uses Property income Interest Interest before correction for FISIM (million euros) Uses Property income Distributed income of corporations Total (million euros) Uses Property income Distributed income of corporations Dividends (million euros) Uses Property income Distributed income of corporations Withdrawals from income of quasi-corps. (million euros) Uses Property income Reinvested earnings on foreign investm. (million euros) Uses Property income Income payable on pension entitlements (million euros) Uses Property income Rent (million euros) Uses Current taxes on income (million euros) Uses Other social insurance benefits (million euros) Uses Other current transfers Total (million euros) Uses Other current transfers Net non-life insurance premiums (million euros) Uses Other current transfers Miscellaneous current transfers (million euros) Uses Other capital transfers (million euros) Uses Gross capital formation Total (million euros) Uses Gross capital formation Gross fixed capital formation Total (million euros) Uses Gross capital formation Gross fixed capital formation Consumption of fixed capital (million euros) Uses Gross capital formation Gross fixed capital formation Net fixed capital formation (million euros) Uses Gross capital formation Changes in inventories incl. valuables Total (million euros) Uses Gross capital formation Changes in inventories incl. valuables Changes in inventories (million euros) Uses Gross capital formation Changes in inventories incl. valuables Acquisitions less disposals of valuables (million euros) Uses Acq. less disposals of non-prod. assets (million euros) Balancing items Gross value added (million euros) Balancing items Net value added (million euros) Balancing items Gross operating surplus (million euros) Balancing items Net operating surplus (million euros) Balancing items Gross national income (million euros) Balancing items Net national income (million euros) Balancing items Gross disposable income (million euros) Balancing items Net disposable income (million euros) Balancing items Gross saving (million euros) Balancing items Net saving (million euros) Balancing items Net saving and capital transfers (million euros) Balancing items Net lending (+) or net borrowing (-) (million euros)
The non-financial corporations sector 2021 1,341,516 1,190,170 25,536 105,119 15,430 -1,512 16,942 74,828 74,656 172 14,721 126 110 0 16 14 11,500 7,567 3,821 3,746 1,624 878 746 1,292,878 688,005 306,603 242,296 64,307 7,304 151,377 16,335 -9,360 25,695 87,088 83,835 3,253 44,570 0 3,384 27,950 11,500 7,737 3,760 3,977 45 91,610 89,077 78,942 10,135 2,533 2,350 183 747 502,165 423,223 213,794 134,852 167,536 88,594 139,416 60,474 139,416 60,474 62,053 48,638
Dutch controlled non-fin. corporations 2021 823,109 742,558 18,829 46,835 5,456 -954 6,410 29,054 28,947 107 12,233 79 69 0 10 13 8,550 4,741 2,384 2,357 1,596 873 723 785,098 405,864 224,205 176,393 47,812 5,187 56,437 5,893 -5,907 11,800 46,206 46,206 0 1,351 0 2,987 17,153 8,550 4,844 2,346 2,498 45 61,827 60,653 45,345 15,308 1,174 1,058 116 986 336,694 291,349 126,131 80,786 116,529 71,184 99,273 53,928 99,273 53,928 55,479 38,011
Dutch Multinationals 2021 350,648 299,786 5,237 41,017 3,905 -385 4,290 24,845 24,802 43 12,233 32 28 0 4 2 2,459 1,893 963 930 256 5 251 330,548 188,275 66,447 52,696 13,751 860 30,916 3,912 -2,385 6,297 25,464 25,464 0 1,246 0 294 7,067 2,459 1,923 947 976 0 32,428 31,113 17,301 13,812 1,315 1,207 108 173 111,511 94,210 49,441 32,140 59,542 42,241 52,445 35,144 52,445 35,144 35,400 20,100
Other large corporations 2021 127,726 118,559 5,073 549 77 -152 229 459 442 17 0 13 11 0 2 0 2,350 803 381 422 392 392 0 125,581 44,013 58,361 45,217 13,144 1,505 4,980 857 -943 1,800 1,569 1,569 0 3 0 2,551 918 2,350 843 375 468 0 12,455 12,627 10,376 2,251 -172 -179 7 156 74,546 64,170 19,753 9,377 15,322 4,946 14,364 3,988 14,364 3,988 4,380 2,145
Small and medium sized enterprises 2021 344,735 324,213 8,519 5,269 1,474 -417 1,891 3,750 3,703 47 0 34 30 0 4 11 3,741 2,045 1,040 1,005 948 476 472 328,969 173,576 99,397 78,480 20,917 2,822 20,541 1,124 -2,579 3,703 19,173 19,173 0 102 0 142 9,168 3,741 2,078 1,024 1,054 45 16,944 16,913 17,668 -755 31 30 1 657 150,637 132,969 56,937 39,269 41,665 23,997 32,464 14,796 32,464 14,796 15,699 15,766
Foreign controlled non-fin. corporations 2021 518,407 447,612 6,707 58,284 9,974 -558 10,532 45,774 45,709 65 2,488 47 41 0 6 1 2,950 2,826 1,437 1,389 28 5 23 507,780 282,141 82,398 65,903 16,495 2,117 94,940 10,442 -3,453 13,895 40,882 37,629 3,253 43,219 0 397 10,797 2,950 2,893 1,414 1,479 0 29,783 28,424 33,597 -5,173 1,359 1,292 67 -239 165,471 131,874 87,663 54,066 51,007 17,410 40,143 6,546 40,143 6,546 6,574 10,627
Source: CBS.
Explanation of symbols

Table explanation

This table presents the non-financial transactions of the sector non-financial corporations and four subsectors, namely foreign controlled non-financial corporations, Dutch multinationals, other large corporations and independent small and medium sized enterprises. The transactions are divided into resources and uses. Furthermore, balancing items for the sectors are presented.

Data available from:
Annual data from 2015.

Status of the data:
The data from 2015 to 2021 are final estimates.

None. This table has been discontinued.
Statistics Netherlands has carried out a revision of the national accounts. New statistical data sources, methods and concepts have been implemented in the national accounts in order to align to the most recent available data and international guidelines for the compilation of the national accounts.
The revised data are presented in a new table. For further information see section 3.

When will new figures be published?
Not applicable anymore.

Description topics

Resources
Resources are transactions add to the economic value of sectors.
Total
Output
The ensemble of goods and services produced. Also called production. Three types of output are distinguished:
- market output: goods and services sold at a market or intended for sale at a market
- the own-account production of all goods that are retained by their producers for their own final consumption or gross fixed capital formation.
- non-market output: goods and services delivered for free or at economically non-significant prices to other units

Output is valued at basic prices. These are the prices experienced by the producers: product-related taxes have been subtracted from the original prices, subsidies haven been added to them. Costs of transportation, when charged separately by the producer, are not included. Changes in the values of financial and non-financial assets during the reference period are not included either.

Included is the output by all kind-of-activity units residing in the Netherlands, including those that are held by foreign owners. The kind-of-activity units include general government units and other non-commercial units.
Other subsidies on production
Other subsidies on production include all subsidies on production paid to producers, not related to the value or volume of products domestically produced or transacted. These are subsidies on agricultural products, subsidies on R&D and wage subsidies.
Property income
Property income is the income receivable by the owner of a financial asset or a tangible non-produced asset in return for providing funds to, or putting the tangible non-produced asset at the deposal of, another institutional unit.
Total
Interest
Interest is imputed to the period for which the underlying claim or debt exists. The actual interest payments or receipts are corrected for imputed bank services. Therefore there is a shift from actual interest payments and receipts to the production or the consumption of bank services. For producers of imputed bank services this means a decrease of the received interest and an increase of the paid interest with respect to the actual interest flows. For the consumers of imputed bank services this means an increase of received interest and a decrease of paid interest, compared with the actual interest flows.
Interest; definition National Accounts
Interest is imputed to the period for which the underlying claim or debt exists. The actual interest payments or receipts are corrected for imputed bank services. Therefore there is a shift from actual interest payments and receipts to the production or the consumption of bank services. For producers of imputed bank services this means a decrease of the received interest and an increase of the paid interest with respect to the actual interest flows. For the consumers of imputed bank services this means an increase of received interest and a decrease of paid interest, compared with the actual interest flows.
Correction FISIM
The concept of imputed bank services encompasses the remuneration for financial services which are not paid for directly. This remuneration is included in the actual interest paid or received. In the national accounts this indirect remuneration is specified as financial intermediation services indirectly measured.

The size of the imputed bank services is determined on the basis of a reference rate. This reference rate equals the rate of the interbank loans. The difference between the reference rate and the actual interest paid to depositors or the actual interest received from borrowers is the indirectly measured financial intermediation service charge. The actual interest paid and received is corrected for these imputed bank services.
Interest before correction for FISIM
Actual interest is the interest imputed to the period for which the underlying claim or debt exists. This deviates from the concept of interest in the national accounts. In the concept of interest in the national accounts, the actual interest is corrected for imputed bank services.
Distributed income of corporations
Distributed income of corporations consists of dividends and withdrawals from income of quasi-corporations.
Dividends are a form of property income received by owners of shares to which they become entitled as a result of placing funds at the disposal of corporations. Dividends are recorded gross, before deduction of dividend tax. This applies also for the taxes on dividends to and from the rest of the world. Dividends are recorded at the moment they are made payable.
Quasi-corporations have no independent legal status. However, they have an economic and financial behavior that is different from that of their owners and similar to that of corporations. Therefore they are classified as non-financial or financial corporations.
Total
Dividends
Dividends are a form of property income received by owners of shares to which they become entitled as a result of placing funds at the disposal of corporations. Dividends are recorded gross, before deduction of dividend tax. This applies also for the taxes on dividends to and from the rest of the world. Dividends are recorded at the moment they are made payable.
Withdrawals from income of quasi-corp.
Quasi-corporations have no independent legal status. However, they have an economic and financial behavior that is different from that of their owners and similar to that of corporations. Therefore they are classified as non-financial or financial corporations.
Reinvested earnings on foreign investm.
Reinvested earnings on foreign direct investment are equal to the operating surplus of the foreign direct investment enterprise
plus any property incomes or current transfers receivable, minus any property incomes or current transfers payable, including actual remittances to foreign direct investors and any current taxes payable on the income, wealth, etc., of the foreign direct investment enterprise.
On the financial account this return on foreign direct investment are returned in the form of the purchase of shares. If the dividends paid is greater than the profit earned in a period, this means that the retained earnings on foreign direct investment are negative.
Other investment income
Other investment income consists of:
- investment income attributable to insurance policy holders
- investment income payable on pension entitlements
- investment income attributable to collective investment fund shareholders
Total
Investm. income attrib. to policy holder
In the national accounts pension and life insurance technical reserves are seen as a liability of insurance corporations to policy holders. Therefore, the investment revenues on these technical reserves are booked as payments from insurance corporations to households.
Subsequently, households pay back these revenues as imputed contributions to pension funds and life insurance corporations. In the financial accounts the latter transaction is recorded as a component of net equity in life insurance and pension funds technical reserves.
Income payable on pension entitlements
In the national accounts collective life insurance and pension provisions are seen as a liability of insurance enterprises and pension funds to pension participants. Therefore, the investment revenues on these provisions are booked as payments from insurance enterprises and pension funds to households.
Subsequently, households pay back these revenues as imputed premiums to insurance companies and pension funds.
Inv. income attributable to shareholders
Investment fund shareholders in a transaction recorded in the financial account.
Investment income attributable to collective investment fund shareholders, including mutual funds and unit trusts, consists of the following separate components:
— dividends attributable to collective investment fund shareholders
— retained earnings attributable to collective investment fund shareholders.

Dividends are a form of property income received by owners of shares to which they become entitled as a result of placing funds at the disposal of investments funds.
Reinvested earnings are equal to the operating surplus of the investment funds minus the dividends attributable to shareholders. Reinvested earnings are re-injected into the fund by a transaction recorded in the financial account.
Rent
Rent is the income receivable by the owner of a natural resource for putting the natural resource at the disposal of another institutional unit.
There are two different types of resource rents: rent on land, and rent on subsoil resources. Resource rents on other natural resources such as radio spectra follow the same pattern. Examples are rents received by landowners from tenants and royalties for the permission to explore or to extract minerals or fossil fuels (received by owners of such deposits).
Employers' imputed social contributions
Imputed social contributions represent the counterpart to the 'unfunded employee social benefits' (less any employees' social contributions) paid directly by employers to their (former) employees. It is necessary to introduce this imputation because the direct payments are recorded twice. Firstly they are recorded as employers' social contributions (part of the compensation of employees). Secondly they are recorded as social benefits.
Other current transfers
Other current transfers consist of non-life insurance premiums, non-life insurance claims, current transfers within general government, current international co-operation and miscellaneous current transfers.
Total
Non-life insurance claims
Non-life insurance claims represent the amounts which insurance enterprises are obliged to pay in settlement of injuries or damage as a result of fires, floods, crashes, collisions, sinkings, theft, violence, accidents, sickness, etc. The claims are paid by the insurance enterprises to the policy holders.
Miscellaneous current transfers
Miscellaneous current transfers include all current transfers not elsewhere classified. They include:
- current transfers to NPISHs include all voluntary contributions (other than legacies), membership subscriptions and financial assistance which NPISHs receive from households (including non-resident households) and, to a lesser extent, from other units;
- current transfers between households consist of all current transfers in cash or in kind made, or received, by resident households to, or from, other resident or non-resident households. In particular, they comprise remittances by emigrants or workers permanently settled abroad (or working abroad for a period of a year or longer) to members of their family living in their country of origin, or by parents to children in another location;
- fines and penalties imposed on institutional units by courts of law or quasi-judicial bodies are treated as other miscellaneous current transfers;
- the amounts paid for lottery tickets or placed in bets consist of two elements: the payment of a service charge to the unit organiing the lottery or gambling and a residual current transfer that is paid out to the winners;
- sponsoring by corporations if those payments cannot be regarded as purchases of advertising or other services (for instance, transfers for a good cause, or scholarships.
Capital transfers
Capital transfers are payments for which no quid pro quo by the beneficiary is expected. They burden the wealth of the payer, or are meant to finance fixed capital formation or other long-term expenditures of the receiver. Capital transfers can be classified into capital taxes, investment grants, imputed capital transfers and other capital transfers.
Total
Investment grants
Investment grants are capital transfers, which are intended to finance fixed capital formation of other units.
Other capital transfers
Other capital transfers are capital transfers that cannot be characterized as investment grants or as capital taxes.
Uses
Uses are transactions appear which deduces the economic value of sectors.
Total
Intermediate consumption (-)
Goods and services used as input in a production process, with the exception of capital goods. Intermediate consumption consists of goods reshaped into other goods or consumed entirely in the course of the production process (by definition, this holds for all hired services). According to international standards an acquired good or hired service is classified as a fixed asset rather than intermediate consumption when it lasts over one year in a production process. Goods and services that are part of intermediate consumption are valued at market prices at the time they were used.
Compensation of employees
The compensation of employees is the total remuneration, in cash or in kind, payable by an employer to an employee in return for work done by the latter during an accounting period. The compensation of employees is equal to the sum of wages and salaries and employers' social contributions.
Total
De vergoedingen voor de werknemer, die in een bepaalde periode arbeid verricht, en die ten laste komen van de werkgever, inclusief de door de werkgever ingehouden loonbelasting en de sociale premies die ten laste komen van de werknemer.
Wages and salaries
Wages and salaries are the remunerations an employee receives in return for work done during an accounting period. Wages and salaries include social contributions, income taxes and other payments payable by the employee, including those withheld by the employer and paid directly to social insurance schemes, tax authorities etc. on behalf of the employee. The most important form of wages and salaries is wages in cash (including withheld income taxes and social contributions). Wages in cash are composed of regular gross wages, standard extra allowances (for instance for hazardous work), bonuses, overtime pay, tips and compensation for costs related to employment (for instance refunds of fares to and from work). Bonuses include holiday pay, tantième, gratifications, profit shares and a thirteenth or fourteenth month. Wages in kind occur if an employee benefits from his or her job besides being paid wages. Examples of payment in kind are private use of a company car, free housing, free food, lower interest rates on mortgages, free or cheap use of the company's products or services, and company supplied or subsidized child care.
Employers' social contributions
Employers' social contributions are social contributions payable by employers to social security schemes or other employment-related social insurance schemes to secure social benefits for their employees. Employer's social contributions may be either actual or imputed. As set out by the ESA 2010, pay over periods in which no work is done due to illness or bad weather is registered as part of employers' social contributions.
Other taxes on production
Other taxes on production include all taxes on production paid by producers, not related to the value or volume of products produced or transacted. Examples are real estate tax and sewerage charges paid by producers.
Property income
Property income is the income receivable by the owner of a financial asset or a tangible non-produced asset in return for providing funds to, or putting the tangible non-produced asset at the deposal of, another institutional unit.
Total
Interest
Interest is imputed to the period for which the underlying claim or debt exists. The actual interest payments or receipts are corrected for imputed bank services. Therefore there is a shift from actual interest payments and receipts to the production or the consumption of bank services. For producers of imputed bank services this means a decrease of the received interest and an increase of the paid interest with respect to the actual interest flows. For the consumers of imputed bank services this means an increase of received interest and a decrease of paid interest, compared with the actual interest flows.
Interest; definition National Accounts
Interest is imputed to the period for which the underlying claim or debt exists. The actual interest payments or receipts are corrected for imputed bank services. Therefore there is a shift from actual interest payments and receipts to the production or the consumption of bank services. For producers of imputed bank services this means a decrease of the received interest and an increase of the paid interest with respect to the actual interest flows. For the consumers of imputed bank services this means an increase of received interest and a decrease of paid interest, compared with the actual interest flows.
Correction FISIM
The concept of imputed bank services encompasses the remuneration for financial services which are not paid for directly. This remuneration is included in the actual interest paid or received. In the national accounts this indirect remuneration is specified as financial intermediation services indirectly measured.

The size of the imputed bank services is determined on the basis of a reference rate. This reference rate equals the rate of the interbank loans. The difference between the reference rate and the actual interest paid to depositors or the actual interest received from borrowers is the indirectly measured financial intermediation service charge. The actual interest paid and received is corrected for these imputed bank services.
Interest before correction for FISIM
Actual interest is the interest imputed to the period for which the underlying claim or debt exists. This deviates from the concept of interest in the national accounts. In the concept of interest in the national accounts, the actual interest is corrected for imputed bank services.
Distributed income of corporations
Distributed income of corporations consists of dividends and withdrawals from income of quasi-corporations.
Dividends are a form of property income received by owners of shares to which they become entitled as a result of placing funds at the disposal of corporations. Dividends are recorded gross, before deduction of dividend tax. This applies also for the taxes on dividends to and from the rest of the world. Dividends are recorded at the moment they are made payable.
Quasi-corporations have no independent legal status. However, they have an economic and financial behavior that is different from that of their owners and similar to that of corporations. Therefore they are classified as non-financial or financial corporations.
Total
Dividends
Dividends are a form of property income received by owners of shares to which they become entitled as a result of placing funds at the disposal of corporations. Dividends are recorded gross, before deduction of dividend tax. This applies also for the taxes on dividends to and from the rest of the world. Dividends are recorded at the moment they are made payable.
Withdrawals from income of quasi-corps.
Quasi-corporations have no independent legal status. However, they have an economic and financial behavior that is different from that of their owners and similar to that of corporations. Therefore they are classified as non-financial or financial corporations.
Reinvested earnings on foreign investm.
Reinvested earnings on foreign direct investment are equal to the operating surplus of the foreign direct investment enterprise
plus any property incomes or current transfers receivable, minus any property incomes or current transfers payable, including actual remittances to foreign direct investors and any current taxes payable on the income, wealth, etc., of the foreign direct investment enterprise.
On the financial account this return on foreign direct investment are returned in the form of the purchase of shares. If the dividends paid is greater than the profit earned in a period, this means that the retained earnings on foreign direct investment are negative.
Income payable on pension entitlements
Investment income payable on pension entitlements. Pension entitlements arise from one of two different types of pension schemes. These are defined contribution schemes and defined benefit schemes.
A defined contribution scheme is one where contributions by both employers and employees are invested on behalf of the employees as future pensioners. No other source of funding of pensions is available and no other use is made of the funds. The investment income payable on defined contribution entitlements is equal to the investment income on the funds plus any income earned by renting land or buildings owned by the fund.
The characteristic of a defined benefit scheme is that a formula is used to determine the level of payments to be made to pensioners. This characteristic makes it possible to determine the level of entitlements as the present value of all future payments, calculated using actuarial assumptions about life lengths and economic assumptions about the interest or discount rate. The present value of the entitlements existing at the start of the year increases because the date when the entitlements become payable is one year nearer. This increase is regarded as investment income attributed to the pension holders in the case of defined benefit scheme. The amount of the increase is neither affected by whether the pension scheme actually has sufficient funds to meet all the obligations nor by the type of increase in the funds, whether it is investment income or holding gains, for example.
Rent
Rent is the income receivable by the owner of a natural resource for putting the natural resource at the disposal of another institutional unit.
There are two different types of resource rents: rent on land, and rent on subsoil resources. Resource rents on other natural resources such as radio spectra follow the same pattern. Examples are rents received by landowners from tenants and royalties for the permission to explore or to extract minerals or fossil fuels (received by owners of such deposits).
Current taxes on income
Tax levied on income. These include: corporate income tax, payroll tax, income tax, dividend tax, gambling tax and one-time revenue in connection with the liquidation of holding companies.
Other social insurance benefits
Other social insurance benefits correspond to benefits payable by employers in the context of other employment related social insurance schemes.
Examples are:
- A continued payment of normal, or reduced, wages during periods of absence from work as a result of ill health, accident, maternity, etc;
- The payment of retirement of survivors’ pensions to ex-employees or their survivors, and the payment of severance allowances to workers of their survivors in the event of redundancy, incapacity, accidental death etc. (if linked to collective agreements).
Other current transfers
Other current transfers consist of non-life insurance premiums, non-life insurance claims, current transfers within general government, current international co-operation and miscellaneous current transfers.
Total
Net non-life insurance premiums
These premiums provide cover against damage as a result of fires, floods, crashes, collisions, sinkings, theft, violence, accidents, sickness, etc.
The premiums are paid by policy holders to non-life insurance companies and. The premiums are recorded net (i.e. the sum of production costs are deducted).
Miscellaneous current transfers
Miscellaneous current transfers include all current transfers not elsewhere classified. They include:
- current transfers to NPISHs include all voluntary contributions (other than legacies), membership subscriptions and financial assistance which NPISHs receive from households (including non-resident households) and, to a lesser extent, from other units;
- current transfers between households consist of all current transfers in cash or in kind made, or received, by resident households to, or from, other resident or non-resident households. In particular, they comprise remittances by emigrants or workers permanently settled abroad (or working abroad for a period of a year or longer) to members of their family living in their country of origin, or by parents to children in another location;
- fines and penalties imposed on institutional units by courts of law or quasi-judicial bodies are treated as other miscellaneous current transfers;
- the amounts paid for lottery tickets or placed in bets consist of two elements: the payment of a service charge to the unit organizing the lottery or gambling and a residual current transfer that is paid out to the winners;
- sponsoring by corporations if those payments cannot be regarded as purchases of advertising or other services (for instance, transfers for a good cause, or scholarships.
Other capital transfers
Other capital transfers are capital transfers that cannot be characterized as investment grants or as capital taxes.
Gross capital formation
Capital formation consists of capital formation in fixed assets and changes in inventories including valuables.
Total
Gross fixed capital formation
Expenditure on produced assets that are used in a production process for more than one year. This may concern a building, dwelling, transport equipment or a machine. This in contrast with goods and services which are used up during the production process, the so-called intermediate use (e.g. iron ore). Fixed capital does lose value over time as a result of normal wear and tear and obsolescence. This is called consumption of fixed capital (also called depreciation). The value of fixed capital formation in which the consumption of fixed capital is not deducted is called gross fixed capital formation. Deduction of the consumption of fixed capital results in net fixed capital formation.

The following types of fixed assets exist: dwellings and other buildings and structures, machinery and equipment, transport equipment, weapon systems (included in machinery and equipment), computers, software, telecommunication equipment, research and development, cultivated biological resources, mineral exploration and evaluation, and costs of ownership transfer on non-produced assets, like land, contracts, leases and licenses.
Total
Consumption of fixed capital
The decline in value of fixed assets owned, as a result of normal wear and tear and obsolescence.

For the estimation of the consumption of fixed capital the perpetual inventory method (PIM) is applied. The capital stock at the beginning of the year is brought to replacement value because of price changes. The fixed capital formation during the year is added to this capital stock. Next it is diminished with the value of capital goods discarded. This gives to value of capital stock at the end of the year. The consumption of fixed obtained by applying a depreciation percentage.
This method may differ considerably from the method used to calculate depreciation in business accounts, which is based on historical costs or fiscal life span.
Net fixed capital formation
Expenditure on produced assets that are used in a production process for more than one year. This may concern a building, dwelling, transport equipment or a machine. This in contrast with goods and services which are used up during the production process, the so-called intermediate use (e.g. iron ore). Fixed capital does lose value over time as a result of normal wear and tear and obsolescence. This is called consumption of fixed capital (also called depreciation). The value of fixed capital formation in which the consumption of fixed capital is not deducted is called gross fixed capital formation. Deduction of the consumption of fixed capital results in net fixed capital formation.

The following types of fixed assets exist: dwellings and other buildings and structures, machinery and equipment, transport equipment, weapon systems (included in machinery and equipment), computers, software, telecommunication equipment, research and development, cultivated biological resources, mineral exploration and evaluation, and costs of ownership transfer on non-produced assets, like land, contracts, leases and licenses.
Changes in inventories incl. valuables
Changes in inventories including acquisitions less disposals of valuables.
Changes in the stock of raw materials, semi-finished products, work-in-progress (unfinished works like ships or oil rigs) and finished products still held by the producer. Changes in stock do not include work-in-progress in construction. Positive changes in inventories arise when products are finished in the reference period but not yet sold. Alternatively, they arise when goods are purchased for intermediate consumption but not yet used. Negative changes in inventories arise when goods from stocks have been sold, or used in the production process.

In measuring changes in inventories, changes in prices during the reference period are not allowed to have any effect. The initial and final inventory is therefore valued at the same price. Raw materials are valued at the price of purchase. Final products are valued at the selling price. Work-in-progress is valued at the cost-price.

Acquisitions less disposals of valuables consists of the acquisitions less disposals of precious stones, non-monetary gold, antiques, art objects and jewelry that are acquired and held primarily as stores of value. In the national accounts this transaction is mostly combined with changes in inventories.
Total
Changes in inventories
Changes in inventories including acquisitions less disposals of valuables.
Changes in the stock of raw materials, semi-finished products, work-in-progress (unfinished works like ships or oil rigs) and finished products still held by the producer. Changes in stock do not include work-in-progress in construction. Positive changes in inventories arise when products are finished in the reference period but not yet sold. Alternatively, they arise when goods are purchased for intermediate consumption but not yet used. Negative changes in inventories arise when goods from stocks have been sold, or used in the production process.

In measuring changes in inventories, changes in prices during the reference period are not allowed to have any effect. The initial and final inventory is therefore valued at the same price. Raw materials are valued at the price of purchase. Final products are valued at the selling price. Work-in-progress is valued at the cost-price.
Acquisitions less disposals of valuables
Acquisitions less disposals of valuables consists of the acquisitions less disposals of precious stones, non-monetary gold, antiques, art objects and jewelry that are acquired and held primarily as stores of value
Acq. less disposals of non-prod. assets
Acquisitions less disposals of non-produced non-financial assets mainly consist of sales of land by public (municipal) development corporations to investors in dwellings and non-residential buildings. The valuation of sales and purchases of land is exclusive of VAT and transfer costs. These are included in fixed capital formation.
For the sector general government intangible assets are included, like the sale of UMTS-frequencies.
Balancing items
A balancing item is obtained by subtracting the total value of the entries on one side of an account from the total value on the other side.
Gross value added
The value of all goods and services produced (production value or output), minus those that have been intermediately used upon production (intermediate consumption). Value added is rated at basic prices: purchaser's prices minus trade and transport margins and taxes on products paid and plus subsidies on products received. Intermediate consumption is rated at purchaser's prices minus non-deductible VAT.
Included is the output by all kind-of-activity units residing in the Netherlands, also those that are held by foreign owners.
Net value added can be obtained by deducting consumption of fixed capital from gross value added.
Net value added
The value of all goods and services produced (production value or output), minus those that have been intermediately used upon production (intermediate consumption). Value added is rated at basic prices: purchaser's prices minus trade and transport margins and taxes on products paid and plus subsidies on products received. Intermediate consumption is rated at purchaser's prices minus non-deductible VAT.
Included is the output by all kind-of-activity units residing in the Netherlands, also those that are held by foreign owners.
Net value added can be obtained by deducting consumption of fixed capital from gross value added.
Gross operating surplus
The surplus that remains after compensation of employees and taxes less subsidies on production and imports have been subtracted from the sum of value added at basic prices. For the self-employed (who are part of the sector households) the surplus is called mixed income, it is partly a reward for their entrepreneurship compensation for their labor.

In the system of national accounts gross means that consumption of fixed capital (depreciation) has not been subtracted. When it has, net is used. Depreciation must be paid for from the gross operating surplus.
Net operating surplus
The surplus that remains after compensation of employees and taxes less subsidies on production and imports have been subtracted from the sum of value added at basic prices. For the self-employed (who are part of the sector households) the surplus is called mixed income, it is partly a reward for their entrepreneurship compensation for their labor.

In the system of national accounts gross means that consumption of fixed capital (depreciation) has not been subtracted. When it has, net is used. Depreciation must be paid for from the gross operating surplus.



Gross national income
Total primary income received by resident institutional units: compensation of employees, operating surplus / mixed income (gross), net property income and net taxes on production and imports less subsidies. Incomes flowing from one domestic sector to another have no effect on net national income. Gross national income (at market prices) equals GDP minus primary income paid by resident institutional units to non-resident institutional units plus primary income received by resident institutional units from the rest of the world. The division of payments by member states to the European Union is largely based upon differences in gross national income.

National income is not a production concept but an income concept, which is more significant if expressed in net terms, i.e. after deduction of consumption of fixed capital.
Net national income
Net national income remains after deducting consumption of fixed capital from gross national income.
Gross disposable income
The sum of the gross disposable incomes of the institutional sectors. Gross national disposable income equals gross national income (at market prices) minus current transfers (current taxes on income, wealth et cetera, social contributions, social benefits and other current transfers) paid to non-resident units, plus current transfers received by resident units from the rest of the world. Because disposable national income is not a production concept but an income concept, it is usually expressed in net terms, i.e. after deduction of depreciation (consumption of fixed capital).
Net disposable income
Net disposable income remains after deducting consumption of fixed capital from gross disposable income.
Gross saving
The portion of national disposable income that has not been used for final consumption expenditure.
Net saving
Net saving remains after deducting consumption of fixed capital from gross saving.
Net saving and capital transfers
Changes in net worth, due to saving and capital transfers, which corresponds to net saving plus capital transfers receivable, minus capital transfers payable.

Net lending (+) or net borrowing (-)
Net lending (+) or net borrowing (-) is the balancing item on the current and the capital account. This balancing item equals the balance of transactions on the financial account; a deficit on the current and capital account is financed by new liabilities and/or the sale of financial assets. In case of a surplus, liabilities are repaid and/or financial assets acquired.
Net lending or net borrowing for the total economy is equal to the balance on the current and the capital account of all institutional sectors. The balance of the financial account for the total economy shows the amount of net lending to or borrowing from the rest-of-the-world.