Commission Regulation (EC) No 1670/2003 of 1 September 2003 implementing Council Regulation (EC, Euratom) No 58/97 with regard to the definitions of characteristics for structural business statistics and amending Regulation (EC) No 2700/98 concerning the definitions of characteristics for structural business statistics
Date: 2003-09-01
Institutions: European Commission
Subjects: EU statistics, branch of activity, company structure, competitiveness, information, statistical method, statistical nomenclature

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COMMISSION REGULATION (EC) No 1670/2003

of 1 September 2003

implementing Council Regulation (EC, Euratom) No 58/97 with regard to the definitions of
characteristics for structural business statistics and amending Regulation (EC) No 2700/98
concerning the definitions of characteristics for structural business statistics

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

(3)

Having regard to the Treaty establishing the European Com-
munity,

It is necessary to implement a set of definitions for
structural business characteristics for the insurance
services, credit institutions and pension funds in order
to ensure that
the statistical data provided to the
Commission is comparable, harmonised and of good
quality.

Having regard to Council Regulation (EC, Euratom) No 58/
97 of 20 December 1996 concerning structural business
statistics (1), as last amended by Commission Regulation (EC)
No 1669/2003 (2), and in particular Article 12 (iii) thereof,

(4)

The measures provided for in this Regulation are in
accordance with the opinion of the Statistical Pro-
gramme Committee,

Whereas:

(1)

(2)

Regulation (EC, Euratom) No 58/97 established a com-
mon framework for the production of Community
statistics on the structure, activity, performance and
competitiveness of businesses in the Community.

Commission Regulation (EC) No 2700/98 of 17 Decem-
ber 1998 concerning the definitions of characteristics
for structural business statistics (3), as amended by
Regulation (EC) No 1614/2002 (4),
included the defi-
nitions of the structural business statistics characteristics
listed in the common module and the detailed modules
for industry, distributive trades and construction of
Regulation (EC, Euratom) No 58/97 concerning structur-
al business statistics. Council Regulation (EC) No 2056/
2002 (5)
introduced a new set of characteristics for
credit institutions and pension funds as well as new
characteristics on environmental expenditure, for which
common definitions are necessary. Moreover, it is also
necessary to amend existing definitions for the character-
istics on number of enterprises, turnover, production
value, value added at factor cost and total purchases of
goods and services, as the definitions set out in Regu-
lation (EC) No 2700/98 cannot be used for the calcu-
lation of the value of these characteristics for insurance
services, credit institutions, pension funds and central
banking activities.

( 1) OJ L 14, 17.1.1997, p. 1.
( 2) See page 57 of this Official Journal.
( 3) OJ L 344, 18.12.1998, p. 49.
( 4) OJ L 244, 12.9.2002, p. 7.
( 5) OJ L 317, 21.11.2002, p. 1.

HAS ADOPTED THIS REGULATION:

Article 1

The definitions of the characteristics 12 12 0 and 12 15 0 of
Regulation (EC) No 2700/98 necessary for the activities
covered in the Annexes 5, 6 and 7 to Regulation (EC, Euratom)
No 58/97 as well as for the activities of NACE rev. 1,
class 65.11 are amended as set out in Annex I, sections 3 and
4 to this Regulation.

The definition of characteristic 11 11 0 for the activities
covered in Annex 7, the definition of characteristic 12 11 0
for the activities covered in Annexes 5 and 7 and the definition
of the characteristic 13 11 0 for the activities of Annexes 5
and 6 are amended as set out in Annex I, sections 1, 2 and 5
to this Regulation.

Article 2

The amended definition of the characteristic 21 11 0 of
Regulation (EC) No 2700/98 and the definitions of character-
istics 21 12 0 and 21 14 0 are specified in Annex II to this
Regulation.

Article 3

The definitions of the characteristics listed in section 4 of
Annex 6 to Regulation (EC, Euratom) No 58/97 are specified
in Annex III to this Regulation.

Article 4

The definitions of the characteristics listed in section 4 of
Annex 7 to Regulation (EC, Euratom) No 58/97 are specified
in Annex IV to this Regulation.

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Article 5

Member States shall apply the amendments of the definitions
of the characteristics 12 12 0, 12 15 0 and 13 11 0 of
section 4 of Annex 1 for the activities of NACE rev. 1
group 65.1 and for the credit institutions classified under
NACE rev. 1, class 65.22 for the reference year 2001 and
subsequent years.

For the activities of NACE rev. 1, class 66.02, Member States
shall apply the definitions of the characteristics 11 11 0,
12 11 0, 12 12 0 and 12 15 0 for the reference year 2002 and
subsequent reference years.

Member States shall apply the amended definition of the
characteristic 21 11 0 and the definitions of characteristics
21 12 0 and 21 14 0 of section 4 of Annex 2 for the reference
year 2001 and subsequent reference years.

Member States shall apply the definitions for the characteristics
listed in section 4 of Annex 6 to Regulation (EC, Euratom)
No 58/97 for the reference year 2001 and subsequent years.

They shall apply the definitions for the characteristics listed in
section 4 of Annex 7 to Regulation (EC, Euratom) No 58/97
for the reference year 2002 and subsequent years.

Article 6

This Regulation shall enter into force on the 20th day
following that of its publication in the Official Journal of the
European Union.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 1 September 2003.

For the Commission

Pedro SOLBES MIRA

Member of the Commission

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ANNEX I

Amendments of definitions of Regulation (EC) No 2700/98 for insurance services, credit institutions,
pension funds and NACE rev. 1 class 65.11

The Annex to Regulation (EC) No 2700/98 is amended as follows:

Section 1

N u m b e r o f e n t e r p r i s e s

1.

In the definition of code 11 11 0 (title: Number of enterprises), the following is added:

‘For the enterprises defined in section 3 of Annex 7 to Regulation (EC, Euratom) No 58/97 this characteristic shall
also comprise pension funds that do not employ personnel. It shall also include pension funds which are not
established as legal entities and which are managed by pension fund management companies, insurance enterprises
or other financial institutions (without however being covered by the annual accounts of these institutions). This
characteristic shall however not include the number of pension funds which are not established separately from the
sponsoring undertaking or trade (i.e. the non-autonomous pension funds or the book reserve system normally
managed as an ancillary activity by the employer).’

Section 2

T u r n o v e r

1.

In the definition of code 12 11 0 (title: Turnover) the sentence ‘For NACE rev. 1, classes 66.01 and 66.03, the
corresponding title of this characteristic is “Gross premiums written”’ is replaced with:

‘For the enterprises defined in section 3 of Annex 5 to Regulation (EC, Euratom) No 58/97, the corresponding
title of this characteristic is “Gross premiums written”. This characteristic is defined in Article 35 of Directive
91/674/EEC.

For the enterprises defined in section 3 of Annex 7 to Regulation (EC, Euratom) No 58/97, the corresponding
title of this characteristic is “Total pension contributions”. This characteristic shall comprise all pension
contributions due during the financial year in respect of pension contracts, such as all mandatory contributions,
other regular contributions, voluntary additional contributions, incoming transfers, other contributions.’

2.

In the link to other variables of code 12 11 0 (title: Turnover), the following is added:

‘For the enterprises defined in section 3 of Annex 5 to Regulation (EC, Euratom) No 58/97, “Gross premiums
written” (12 11 0) is calculated as follows:

Gross direct premiums written (12 11 1),

+ Gross reinsurance premiums accepted, written premiums (12 11 2).

“Gross premiums written” is used in the calculation of “Gross premiums earned” (32 11 0) and other aggregates
and balances.

For the enterprises defined in section 3 of Annex 7 to Regulation (EC, Euratom) No 58/97, “Turnover” (Total
pension contributions) is calculated as follows:

Pension contributions receivable from members (48 00 1),

+ Pension contributions receivable from employers (48 00 2),

+ Incoming transfers (48 00 3),

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+ Other pension contributions (48 00 4);

or:

Pension contributions to defined benefit schemes (48 00 5),

+ Pension contributions to defined contribution schemes (48 00 6),

+ Pension contributions to hybrid schemes (48 00 7).’

Section 3

P r o d u c t i o n v a l u e

1.

In the definition of code 12 12 0 (title: Production value) the sentence ‘Specific calculation methods are needed
for NACE rev. 1, classes 66.01 and 66.03’ is replaced with:

‘For the enterprises defined in section 3 of Annex 5 to Regulation (EC, Euratom) No 58/97, the production
value is defined as gross premiums earned, plus total portfolio investment income, plus other services produced,
minus gross claims incurred, excluding claims management expenses, plus capital gains and provisions.

For the enterprises defined in section 3 of Annex 6 to Regulation (EC, Euratom) No 58/97, the production
value is defined as interest receivable and similar income, less interest payable and similar charges, plus
commissions receivable, plus income from shares and other variable-yield securities, plus net profit or net loss
on financial operations, plus other operating income.

For the enterprises defined in section 3 of Annex 7 to Regulation (EC, Euratom) No 58/97, the production
value is defined as turnover less insurance premiums payable, plus investment income, plus other income, plus
insurance claims receivable, less total expenditure on pensions, less net change in technical provisions.

For the enterprises of the NACE class 65.11, the production value is defined as interest receivable and similar
income, less interest payable and similar charges, plus commissions receivable, plus income from shares and
other variable-yield securities, plus net profit or net loss on financial operations, plus other operating income.’

2.

In the link to other variables of code 12 12 0 (title: Production value), the following sentence is added:

‘For the enterprises defined in section 3 of Annex 5 to Regulation (EC, Euratom) No 58/97, the production
value is calculated as follows:

For life insurance:

Gross premiums written (12 11 0),

+ Gross change in the provision for unearned premiums (32 11 2),

+ Investment income (32 22 0),

- Value readjustments on investments (32 71 5),

- Gains on the realisation on investments (32 71 6),

- Income from participating interests (32 71 1),

+ ((Total gross technical provisions (37 30 0) - Total net technical provisions (37 30 1))/Total net technical
provisions (37 30 1)) x (Investment income (32 22 0) - Value readjustments on investments (32 71 5) - Gains
on the realisation of investments (32 71 6) - Income from participating interests (32 71 1)),

+ Other technical income, net amount (32 16 1),

+ Other income (32 46 0),

- Gross claims payments (32 13 1),

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- Gross change in the provision for outstanding claims (32 13 4),

+ External and internal claims management expenses (32 61 5),

+ Gains on the realisation on investments (32 71 6),

+ Unrealised gains on investments (32 23 0),

- Losses on the realisation on investments (32 72 3),

- Unrealised losses on investments (32 28 0),

- Gross change in life insurance provision (32 25 0),

- Bonuses and rebates, net amount (32 16 3),

- Change in fund for future appropriations (part of 32 29 0),

- Net changes in other technical provisions, not shown under other headings (32 16 2).

For non-life insurance and reinsurance:

Gross premiums written (12 11 0),

+ Gross change in the provision for unearned premiums (32 11 2),

+ Investment income (32 42 0),

- Value readjustments on investments (32 71 5),

- Gains on the realisation on investments (32 71 6),

- Income from participating interests (32 71 1),

+ ((Total gross technical provisions (37 30 0) - Total net technical provisions (37 30 1))/Total net technical
provisions (37 30 1)) x (Investment income (32 42 0) - Value re-adjustments on investments (32 71 5) - Gains
on the realisation of investments (32 71 6) - Income from participating interests (32 71 1)),

+ Other technical income, net amount (32 16 1),

+ Other income (32 46 0),

- Gross claims payments (32 13 1),

- Gross change in the provision for outstanding claims (32 13 4),

+ External and internal claims management expenses (32 61 5),

+ Gains on the realisation on investments (32 71 6),

- Losses on the realisation on investments (32 72 3),

- Bonuses and rebates, net amount (32 16 3),

- Change in the equalisation provision (32 15 0),

- Net changes in other technical provisions, not shown under other headings (32 16 2).

For the enterprises defined in section 3 of Annex 6 to Regulation (EC, Euratom) No 58/97, the production
value is calculated as:

Interest receivable and similar income (42 11 0),

- Interest payable and similar charges (42 12 0),

+ Commissions receivable (42 14 0),

+ Income from shares and other variable-yield securities (42 13 1),

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+ Net profit or net loss on financial operations (42 20 0),

+ Other operating income (42 31 0).

For the enterprises defined in section 3 of Annex 7 to Regulation (EC, Euratom) No 58/97, the production
value is calculated as:

Turnover (12 11 0),

- Insurance premiums payable (48 05 0),

+ Investment income (48 01 0),

+ Other income (48 02 2),

+ Insurance claims receivable (48 02 1),

- Total expenditure on pensions (48 03 0),

- Net change in technical provisions (48 04 0).’

Section 4

V a l u e a d d e d a t f a c t o r c o s t s

1.

In the definition of code 12 15 0 (title: Value added at factor costs), the sentence ‘Specific calculation methods
are needed for NACE rev. 1, classes 66.01 and 66.03’ shall be replaced with:

‘For the enterprises defined in section 3 of Annex 5 to Regulation (EC, Euratom) No 58/97, the value added at
factor costs is defined as production value, minus gross value of reinsurance services received, minus other
intermediate consumption.

For the enterprises defined in section 3 of Annex 6 to Regulation (EC, Euratom) No 58/97, the value added at
factor costs is defined as production value, less total purchases of goods and services.

For the enterprises defined in section 3 of Annex 7 to Regulation (EC, Euratom) No 58/97, the value added at
factor costs is defined as production value, less total purchases of goods and services.

For the enterprises of the NACE class 65.11, the value added at factor costs is defined as production value less
total purchases of goods and services.’

2.

In the link to other variables of code 12 15 0 (title: Value added at factor costs prices), the following sentence
shall be added:

‘For the enterprises defined in section 3 of Annex 5 to Regulation (EC, Euratom) No 58/97, the value added at
factor cost is calculated as:

Production value (12 12 0),

- Intermediate consumption (13 11 0).

For the enterprises defined in section 3 of Annex 6 to Regulation (EC, Euratom) No 58/97, the value added at
factor cost is calculated follows:

Production value (12 12 0),

- Total purchases of goods and services (13 11 0).

For the enterprises defined in section 3 of Annex 7 to Regulation (EC, Euratom) No 58/97, the value added at
factor cost is calculated follows:

Production value (12 12 0),

- Intermediate consumption (= total purchases of goods and services (13 11 0)).’

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Section 5

T o t a l p u r c h a s e s o f g o o d s a n d s e r v i c e s

1.

In the definition of code 13 11 0 (title: Total purchases of goods and services), the sentence ‘Specific calculation
methods are needed for NACE rev. 1, classes 66.01 and 66.03’ is replaced with:

‘For the enterprises defined in section 3 of Annex 5 to Regulation (EC, Euratom) No 58/97, the total purchases
of goods and services is defined as the gross value of reinsurance services received plus other intermediate
consumption.

For the enterprises defined in section 3 of Annex 6 to Regulation (EC, Euratom) No 58/97, the total purchases
of goods and services is defined as commissions payable, plus other administrative expenses, plus other
operating charges.’

2.

In the link to other variables of code 13 11 0 (title: Total purchases of goods and services), the following sentence
shall be added:

‘For the enterprises defined in section 3 of Annex 5 to Regulation (EC, Euratom) No 58/97, intermediate
consumption is calculated as:

For life insurance:

Reinsurance balance (32 18 0),

+ ((Total gross technical provisions (37 30 0) - Total net technical provisions (37 30 1))/Total net technical
provisions (37 30 1)) x (Investment income (32 22 0) - Value readjustments on investments (32 71 5) - Gains
on the realisation of investments (32 71 6) - Income from participating interests (32 71 1)),

+ Commissions (32 61 1),

+ Other external expenditure on goods and services (32 61 4 - depreciation on fixed assets for own use).

For non-life insurance and reinsurance:

Reinsurance balance (32 18 0),

+ ((Total gross technical provisions (37 30 0) - Total net technical provisions (37 30 1))/Total net technical
provisions (37 30 1)) x (Investment income (32 42 0) - Value readjustments on investments (32 71 5) - Gains
on the realisation of investments (32 71 6) - Income from participating interests (32 71 1)),

+ Commissions (32 61 1),

+ Other external expenditure on goods and services (32 61 4 - depreciation on fixed assets for own use).

For the enterprises defined in section 3 of Annex 6 to Regulation (EC, Euratom) No 58/97, intermediate
consumption is calculated as:

Commissions payable (42 15 0),

+ Other administrative expenses (42 32 2),

+ Other operating charges (42 33 0).

For the enterprises defined in section 3 of Annex 7 to Regulation (EC, Euratom) No 58/97, the variable “Total
purchases of goods and services” (13 11 0) is used in the calculation of the variable “Total operational expenses”
(48 06 0).’

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ANNEX II

Amended definition of characteristic 21 11 0 and definitions of characteristics 21 12 0 and 21 14 0

Regulation (EC) No 2700/98 is amended as follows:

1.

The definition of characteristic 21 11 0 is replaced by the following:

Code: 21 11 0

Title: Investment in equipment and plant for pollution control and special anti-pollution accessories

(mainly ‘end-of-pipe’ equipment)

Definition

Capital expenditures for methods, technologies, processes or equipment designed to collect and remove
pollution and pollutants (e.g. air emissions, effluents or solid waste) after their creation, prevent the spread of
and measure the level of the pollution and treat and dispose of pollutants generated by the operating activity
of the company.

It is the sum of expenditure in the environmental domains ‘Protection of ambient air and climate’, ‘Wastewater
management’, ‘Waste management’ and ‘Other environmental protection activities’.
‘Other environmental
protection activities’ includes ‘Protection and remediation of soil, groundwater and surface water’, ‘Noise and
vibration abatement’, ‘Protection of biodiversity and landscape’, ‘Protection against radiation’, ‘Research and
development’, ‘General environmental administration and management’, ‘Education, training and information’,
‘Activities leading to indivisible expenditure’ and ‘Activities not elsewhere classified’.

Included are:

— investments in distinct, identifiable components supplementing existing equipment, which are implemen-

ted at the end of or completely outside the production line (‘end-of-pipe’ equipment),

— investments in equipment (e.g. filters or separate cleaning steps) which compose or extract pollutants
within the production line, when the removal of these added facilities would not affect in the main the
functioning of the production line.

The main purpose or function of this capital expenditure is environmental protection and the total expenditure
for these should be reported.

The expenditure should be reported gross of any cost offsets resulting from the generation and sale of
marketable by-products, savings made, or subsidies received.

Purchased goods are valued at the purchase price excluding deductible VAT and other deductible taxes directly
linked to turnover.

Excluded are:

— actions and activities beneficial to the environment that would have been taken regardless of environmental
protection considerations, including measures that primarily aim at health and safety of the workplace
and production security,

— measures to reduce pollution when the products are used or scrapped (environmental adaptation of
products), unless environmental policy and regulation expands the legal responsibility of the producer to
cover also the pollution generated by the products when used, or for taking care of the products when
they become waste,

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— resource use and saving activities (e.g. water supply or the saving of energy or raw materials), unless the
primary purpose is environmental protection: e.g. when these activities aim at implementing national or
international environmental policy and are not undertaken for cost-saving reasons.

Link to company accounts

The definition is based on the accounting standards applied by the company in its bookkeeping, in compliance
with EU accounting standards: i.e. these are expenditures that qualify for recognition as an asset.

Link to other variables

‘Total environmental protection investments’
environmental protection expenditure’ is the sum of the variables 21 11 0, 21 12 0 and 21 14 0.

is the sum of the variables 21 11 0 and 21 12 0.

‘Total

Part of:

15 11 0 Gross investment in tangible goods

15 31 0 Value of tangible goods acquired through financial leasing.

2.

The following definitions are added:

Code: 21 12 0

Title: Investment in equipment and plant linked to cleaner technologies (‘integrated technology’)

Definition

Capital expenditures for new or adaptation of existing methods, technologies, processes, equipment (or parts
thereof) designed to prevent or reduce the amount of pollution created at the source (e.g. air emissions, effluents
or solid waste), thereby reducing the environmental impacts associated with the release of pollutants and/or
with polluting activities.

It is the sum of expenditure in the environmental domains ‘Protection of ambient air and climate’, ‘Wastewater
management’, ‘Waste management’ and ‘Other environmental protection activities’.
‘Other environmental
protection activities’ includes ‘Protection and remediation of soil, groundwater and surface water’, ‘Noise and
vibration abatement’, ‘Protection of biodiversity and landscape’, ‘Protection against radiation’, ‘Research and
development’, ‘General environmental administration and management’, ‘Education, training and information’,
‘Activities leading to indivisible expenditure’ and ‘Activities not elsewhere classified’.

The expenditure should be reported gross of any cost offsets resulting from the generation and sale of
marketable by-products, savings made, or subsidies received.

Purchased goods are valued at the purchase price excluding deductible VAT and other deductible taxes directly
linked to turnover.

Included are:

— capital expenditures that involve distinct, separately identifiable (environmental parts of) methods,
processes, technologies and equipment. Their main purpose or function is environmental protection by
definition and the total expenditure of the (environmental parts of) methods, processes, technologies and
equipment should be reported,

— capital expenditures for methods, processes, technologies and equipment that are integrated with the
overall operating activity (production process/installation) in a way that makes it difficult to identify
separately the pollution-prevention component. In these cases (‘integrated measures’), only the environ-
mental protection fraction of the total investment should be reported.

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This fraction corresponds to the additional investment vis-à-vis the capital expenditure that would have
been incurred were it not for the environmental protection considerations. Therefore, the alternative for
comparison corresponds to the cheapest alternative available to the company with similar functions and
characteristics, except for those related to environmental protection.

When the selected option is standard technology and there is no cheaper, less environmentally beneficial
alternative available to the company, the measure is by definition not an environmental protection
activity, and no expenditure should be reported.

Excluded are:

— actions and activities beneficial to the environment that would have been taken regardless of environmental
protection considerations, including measures that primarily aim at health and safety of the workplace
and production security,

— measures to reduce pollution when the products are used or scrapped (environmental adaptation of
products), unless environmental policy and regulation expands the legal responsibility of the producer to
cover also the pollution generated by the products when used, or for taking care of the products when
they become waste,

— resource use and saving activities (e.g. water supply or the saving of energy or raw materials), unless the
primary purpose is environmental protection: e.g. when these activities aim at implementing national or
international environmental policy and are not undertaken for cost-saving reasons.

Link to company accounts

The definition is based on the accounting standards applied by the company in its bookkeeping, in compliance
with EU accounting standards: i.e. these are expenditures that qualify for recognition as an asset.

Link to other variables

‘Total environmental protection investments’
environmental protection expenditure’ is the sum of the variables 21 11 0, 21 12 0 and 21 14 0.

is the sum of the variables 21 11 0 and 21 12 0.

‘Total

Part of:

15 11 0 Gross investment in tangible goods

15 31 0 Value of tangible goods acquired through financial leasing.

Code: 21 14 0

Title: Total current expenditure on environmental protection

Definition

Total current expenditure on environmental protection is the expenditure for operating and maintaining an
activity, technology, process, equipment (or parts thereof) designed to prevent, reduce, treat or eliminate
pollutants and pollution (e.g. air emissions, effluents or solid waste) or any other degradation of the environment
resulting from the operating activity of the company.

It is the sum of expenditure in the environmental domains ‘Protection of ambient air and climate’, ‘Wastewater
management’, ‘Waste management’ and ‘Other environmental protection activities’.
‘Other environmental
protection activities’ includes ‘Protection and remediation of soil, groundwater and surface water’, ‘Noise and
vibration abatement’, ‘Protection of biodiversity and landscape’, ‘Protection against radiation’, ‘Research and
development’, ‘General environmental administration and management’, ‘Education, training and information’,
‘Activities leading to indivisible expenditure’ and ‘Activities not elsewhere classified’.

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Total current expenditure on environmental protection should be reported gross of any cost offsets resulting
from the sale of marketable by-products, savings or subsidies received.

Current expenditure is the sum of ‘in-house expenditure’ and ‘purchases of environmental protection services’:

— in-house expenditure includes all current expenditure on environmental protection except purchases of
environmental protection services from other units. It is the sum of labour costs, use of raw materials and
consumables and payments for operational leasing, for example related to operation and maintenance of
environmental equipment, measurement and monitoring of pollution levels, environmental management,
information and education, environmental research and development,

— purchases of environmental protection services include all fees, charges and similar payments to other
organisations (outside the reporting unit), public or private, in exchange of environmental protection
services related to the environmental impacts of the operating activity of the company. For example,
payments for collection and treatment of waste and wastewater, payments related to decontamination of
soil, regulatory charges, payments to environmental consultants related to e.g. environmental information,
certification or operation of environmental equipment.

Purchased goods and services are valued at the purchase price excluding deductible VAT and other deductible
taxes directly linked to turnover. Labour expenditure include the gross wages and salaries including employers’
charges and social security costs, but excluding general overhead.

Excluded are:

— actions and activities beneficial to the environment that would have been taken regardless of environmental
protection considerations, including measures that primarily aim at health and safety of the workplace
and production security,

— measures to reduce pollution when the products are used or scrapped (environmental adaptation of
products), unless environmental policy and regulation expands the legal responsibility of the producer to
cover also the pollution generated by the products when used, or for taking care of the products when
they become waste,

— resource use and saving activities (e.g. water supply or the saving of energy or raw materials), unless the
primary purpose is environmental protection: e.g. when these activities aim at implementing national or
international environmental policy and are not undertaken for cost-saving reasons,

— payments of taxes, fees or charges by the reporting unit that are not linked to purchasing an environmental
service related to the environmental impacts of the operating activity of the company, even if the
government authorities have earmarked the revenue for financing environmental protection activities
(e.g. taxes on pollution),

— calculated-cost items such as depreciation of environmental equipment, capital

loss due to forced

replacement or general overhead,

— loss of income, compensatory charges, fines, penalties and similar which do not relate to an environmental

protection activity.

Link to company accounts

The definition of current expenditure is based on the accounting standards applied by the company in its
bookkeeping, in compliance with EU accounting standards: i.e. current expenditure includes all expenditure
that is not capitalised but charged to the profit-and-loss account.

It is the sum of purchase of raw materials and consumables, labour costs, public fees and charges, expenses for
external services and rental and leasing charges for environmental protection activities.

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Link to other variables

‘Total environmental protection investments’
environmental protection expenditure’ is the sum of the variables 21 11 0, 21 12 0 and 21 14 0.

is the sum of the variables 21 11 0 and 21 12 0.

‘Total

Part of:

13 11 0 Total purchase of goods and services

13 31 0 Personnel costs.

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ANNEX III

Definitions of characteristics listed in section 4 of Annex 6 to Regulation (EC, Euratom) 58/97 concerning
structural business statistics (credit institutions)

STRUCTURAL VARIABLES

Code: 11 11 1

Title: Number of enterprises broken down by legal status

Definition

The number of enterprises (see variable 11 11 0) is broken down by legal status as follows: incorporated enterprises
limited by shares, cooperative enterprises, public-law enterprises, branches of enterprises with head office in non-
EEA countries, others.

Link to other variables

‘Number of enterprises broken down by legal status’ is a further breakdown of the number of enterprises (11 11 0).

Code: 11 11 4

Title: Number of enterprises broken down by residence of the parent enterprise

Definition

‘Parent enterprise’ shall mean a parent undertaking as defined in Articles 1 and 2 of Council Directive 83/349/EEC (1)
based on Article 54(3)(g) of the Treaty on consolidated accounts.

The following geographical breakdown of parent enterprises has to be used: parent enterprise situated in the home
Member State (the observed enterprise can be regarded as domestic controlled), parent enterprise situated in other
countries (the observed enterprise can be regarded as foreign controlled). The parent enterprise is recorded according
to the ultimate beneficiary owner (UBO). Only those enterprises (subsidiaries) that have a parent enterprise are
included in this variable. Branches are excluded as considered as a part of an enterprise.

Link to other variables

‘Number of enterprises broken down by residence of the parent enterprise’ is part of the number of enterprises
(11 11 0).

Code: 11 11 6

Title: Number of enterprises broken down by size classes of the balance sheet total

Definition

The number of enterprises (see variable 11 11 0) is broken down by size classes of the balance sheet total.

Five size classes (in euro) — common for all Member States — are defined as follows: more than 99 999 million euro,
10 000 to 99 999 million euro, 1 000 to 9 999 million euro, 100 to 999 million euro, less than 100 million euro.

Note: The balance sheet total at the end of the accounting year (see variable 43 30 0) is considered.

(1) OJ L 193, 18.7.1983, p. 1.

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Link to other variables

‘Number of enterprises broken down by size classes of the balance sheet total’ is a further breakdown of the number
of enterprises (11 11 0).

Code: 11 11 7

Title: Number of enterprises broken down by category of credit institutions

Definition

The number of enterprises (see variable 11 11 0) is broken down by category of credit institutions as follows: licensed
banks, specialised credit granting institutions, other credit institutions. This breakdown enables to allocate the
categories of credit institutions to the relevant NACE rev. 1 classes.

Link to other variables

‘Number of enterprises broken down by category of credit institutions’ is a further breakdown of the number of
enterprises (11 11 0).

Code: 11 41 1

Title: Total number of branches broken down by location in non-EEA countries

Definition

‘Branch’ is defined in Article 1 of Council Directive 89/646/EEC (1) and is detailed in the Commission Communication
on the freedom to provide services and on the interest of the general good in the Second Banking Directive (95/C
291/06).

The following geographical breakdown of the number of branches abroad has to be used: Switzerland, USA, Japan,
third countries (rest of the world).

Note: All active branches notified in the home Member State of the credit institution are taken into consideration.

Code: 11 51 0

Title: Total number of financial subsidiaries broken down by location in other countries

Definition

‘Subsidiary’ shall mean a subsidiary undertaking as defined in Articles 1 and 2 of Council Directive 83/349/EEC based
on Article 54(3)(g) of the Treaty on consolidated accounts. All enterprises being in the scope of financial services
enterprises (as defined in Chapter 1.3 of the methodological manual for statistics on credit institutions) are be
included.

Note: The following geographical breakdown of subsidiaries has to be used: each single other Member State, other
EEA countries, Switzerland, USA, Japan, third countries (rest of the world). Only the first level of subsidiaries
is taken into consideration.

PROFIT-AND-LOSS ACCOUNT VARIABLES

Code: 42 11 0

Title: Interest receivable and similar income

(1) OJ L 386, 30.12.1989, p. 1.

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Definition

This variable is defined in Article 29 of Council Directive 86/635/EEC (1).

Note: Reference to Articles 27(1) and 28(B)(1) of Directive 86/635/EEC.

Link to other variables

This variable is used in the calculation of production value (variable 12 12 0).

Code: 42 11 1

Title: Interest receivable and similar income arising from fixed-income securities

Definition

This variable is defined in Article 29 of Directive 86/635/EEC.

Note: Reference to Articles 27(1) and 28(B)(1) of Directive 86/635/EEC.

Link to other variables

This variable is part of variable 42 11 0.

Code: 42 12 0

Title: Interest payable and similar charges

Definition

This variable is defined in Article 29 of Directive 86/635/EEC.

Note: Reference to Articles 27(2) and 28(A)(1) of Directive 86/635/EEC.

Link to other variables

This variable is used in the calculation of production value (variable 12 12 0).

Code: 42 12 1

Title: Interest payable and similar charges linked to debt securities in issue

Definition

This variable is defined in Articles 17 and 29 of Directive 86/635/EEC.

Note: Reference to Article 4(3)(a) (Liabilities) of Directive 86/635/EEC.

Link to other variables

This variable is part of variable 42 12 0.

Code: 42 13 0

Title: Income from securities

(1) OJ L 372, 31.12.1986, p. 1.

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Definition

This variable is defined in Article 30 of Directive 86/635/EEC.

Note: Reference to Article 27(3)(a), (3)(b) and (3)(c) as an aggregate and Article 28 (B)(2)(a), (2)(b) and (2)(c) as an

aggregate of Directive 86/635/EEC.

Code: 42 13 1

Title: Income from shares and other variable-yield securities

Definition

This variable is defined in Article 30 of Directive 86/635/EEC.

Note: Reference to Articles 27(3)(a), and 28(B)(2)(a) of Directive 86/635/EEC.

Link to other variables

This variable is part of variable 42 13 0 and is used in the calculation of production value (variable 12 12 0).

Code: 42 14 0

Title: Commissions receivable

Definition

This variable is defined in Article 31 of Directive 86/635/EEC.

Note: Reference to Articles 27(4), and 28(B)(3) of Directive 86/635/EEC.

Link to other variables

This variable is used in the calculation of production value (variable 12 12 0).

Code: 42 15 0

Title: Commissions payable

Definition

This variable is defined in Article 31 of Directive 86/635/EEC.

Note: Reference to Articles 27(5), and 28(A)(2) of Directive 86/635/EEC.

Link to other variables

This variable is used in the calculation of total purchases of goods and services (variable 13 11 0).

Code: 42 20 0

Title: Net profit or net loss on financial operations

Definition

This variable is defined in Article 32 of Directive 86/635/EEC.

Note: Reference to Articles 27(6), and 28(A)(3) or (B)(4) of Directive 86/635/EEC.

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Link to other variables

This variable is used in the calculation of production value (variable 12 12 0).

Code: 42 31 0

Title: Other operating income

Definition

Operating income, not shown under other headings.

Note: Reference to Articles 27(7) and 28(B)(7) of Directive 86/635/EEC.

Link to other variables

This variable is used in the calculation of production value (variable 12 12 0).

Code: 42 32 0

Title: General administrative expenses

Definition

This variable is the sum of ‘Personnel costs’ (variable 13 31 0) and ‘Other administrative expenses’ (variable 42 32 2).

Note: Reference to Article 27(8)(a) and (b) as an aggregate and Article 28 (A)(4)(a) and (b) as an aggregate of Directive
86/635/EEC.

Code: 42 32 2

Title: Other administrative expenses

Definition

Other administrative expenses, not included in variable 13 31 0.

Note: Reference to Article 27(8)(b) and 28(A)(4)(b) of Directive 86/635/EEC.

Link to other variables

This variable is used in the calculation of total purchases of goods and services (variable 13 11 0) and general
administrative expenses (variable 42 32 0).

Code: 42 33 0

Title: Other operating charges

Definition

Operating charges, not included in other headings.

Note: Reference to Articles 27(10), and 28(A)(6) of Directive 86/635/EEC.

Link to other variables

This variable is used in the calculation of total purchases of goods and services (variable 13 11 0).

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Code: 42 35 0

Title: Value adjustments and value readjustments in respect of loans and advances and provisions for

contingent liabilities and for commitments

Definition

This variable is defined in Article 33 of Directive 86/635/EEC.

Note: Reference to Articles 27(11) and (12), and 28(A)(7) and (B)(5) of Directive 86/635/EEC.

Code: 42 36 0

Title: Other value adjustments and value readjustments

Definition

This variable is defined in Article 34 of Directive 86/635/EEC.

Note: Reference to Articles 27(9), (13) and (14), and 28(A)(5), (A)(8) and (B)(6) of Directive 86/635/EEC.

Code: 42 40 0

Title: Profit or loss on ordinary activities

Definition

This variable is defined in Article 22 and following of Council Directive 78/660/EEC ( 1) based on Article 54 (3) (g) of
the Treaty on the annual accounts of certain types of companies.

Note: Reference to Articles 27(15) and (16), and 28(A)(9), (A)(10) and (B)(8) of Directive 86/635/EEC.

Code: 42 50 0

Title: Extraordinary profit or loss

Definition

This variable is defined in Article 22 and following of Council Directive 78/660/EEC based on Article 54(3)(g) of the
Treaty on the annual accounts of certain types of companies.

Note: Reference to Articles 27(19), and 28(A)(13) and (B)(10) of Directive 86/635/EEC.

Code: 42 51 0

Title: All taxes (tax on profit or loss on ordinary activities, tax on extraordinary profit or loss, other taxes)

Definition

This variable is defined in Article 22 and following of Council Directive 78/660/EEC of 25 July 1978 based on
Article 54(3)(g) of the Treaty on the annual accounts of certain types of companies.

Note: Reference to Articles 27(15), (20) and (22) and 28(A)(9), (A)(12) and (A)(14) of Directive 86/635/EEC.

(1) OJ L 222, 14.8.1978, p. 11.

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Code: 42 60 0

Title: Profit or loss for the financial year

Definition

This variable is defined in Article 22 and following of Council Directive 78/660/EEC based on Article 54(3)(g) of the
Treaty on the annual accounts of certain types of companies.

Note: Reference to Articles 27(23) and 28(A)(15) and (B)(11) of Directive 86/635/EEC.

VARIABLES ON THE BALANCE SHEET

Code: 43 11 0

Title: Loans and advances to customers

Definition

This variable is defined in Articles 4 and 16 of Directive 86/635/EEC.

Note: Reference to Article 4(4) (Assets) and Article 16 (Assets: Item 4) of Directive 86/635/EEC.

Code: 43 21 0

Title: Amounts owed to customers

Definition

This variable is defined in Articles 4 and 19 of Directive 86/635/EEC.

Note: Reference to Article 4(2)(a) and (2)(b) as an aggregate (Liabilities) and Article 19 (Liabilities: Item 2) of Directive

86/635/EEC.

Code: 43 29 0

Title: Total of capital and reserves

Definition

This variable is defined in Articles 21, 22 and 23 of Directive 86/635/EEC.

Note: Reference to Article 4(7), (8), (9), (10), (11), (12), (13) and (14) as an aggregate (Liabilities) of Directive 86/635/EEC.

Code: 43 30 0

Title: Balance sheet total

Definition

This variable consists of the sum of items 1 to 16 of the asset side of the balance sheet or of the sum of items 1 to
14 of the liability side of the balance sheet.

Note: Reference to Article 4 of Directive 86/635/EEC.

Code: 43 31 0

Title: Balance sheet total broken down according to the residence of the parent enterprise

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Definition

The balance sheet total (see variable 43 30 0) is broken down by the residence of the parent enterprise.

In accordance with the breakdown of variable 11 11 4, the balance sheet total has to be split up into a part which is
related to domestic controlled credit institutions and a part which is related to foreign controlled enterprises. The
parent enterprise is recorded according to the ultimate beneficiary owner (UBO).

Link to other variables

‘Balance sheet total broken down by residence of the parent enterprise’ is a further breakdown of the balance sheet
total (43 30 0).

Code: 43 32 0

Title: Balance sheet total broken down by legal status

Definition

The balance sheet total (see variable 43 30 0) is broken down by legal status as follows: incorporated enterprises
limited by shares, cooperative enterprises, public-law enterprises, branches of enterprises with head office in non-
EEA countries, others.

Link to other variables

‘Balance sheet total broken down by legal status’ is a further breakdown of the balance sheet total (43 30 0).

Code: 44 11 0

VARIABLES ON PRODUCTS

Title: Interest receivable and similar income broken down by (sub)categories of the CPA

Definition

Interest receivable and similar income are defined in Article 29 of Directive 86/635/EEC. The breakdown by products
is based on the classification of products according to activities for financial intermediation services and services
auxiliary to financial intermediation. The variable has to be broken down by (sub)categories of the CPA at the
appropriate level.

Note: Reference to Articles 27(1) and 28(B)(1) of Directive 86/635/EEC.

Link to other variables

‘Interest receivable and similar income broken down by (sub)categories of the CPA’ is a further breakdown of ‘Interest
receivable and similar income’ (42 11 0).

Code: 44 12 0

Title: Interest payable and similar charges broken down by (sub)categories of the CPA

Definition

Interest payable and similar charges are defined in Article 29 of Directive 86/635/EEC. The breakdown by products
is based on the classification of products according to activities for financial intermediation services and services
auxiliary to financial intermediation. The variable has to be broken down by (sub)categories of the CPA at the
appropriate level.

Note: Reference to Articles 27(2), and 28(A)(1) of Directive 86/635/EEC.

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Link to other variables

‘Interest payable and similar charges broken down by (sub)categories of the CPA’ is a further breakdown of Interest
payable and similar charges (42 12 0).

Code: 44 13 0

Title: Commissions receivable broken down by (sub)categories of the CPA

Definition

Commissions receivable are defined in Article 31 of Directive 86/635/EEC. The breakdown by products is based on
the classification of products according to activities for financial intermediation services and services auxiliary to
financial intermediation. The variable has to be broken down by (sub)categories of the CPA at the appropriate level.

Note: Reference to Articles 27(4), and 28(B)(3) of Directive 86/635/EEC.

Link to other variables

‘Commission receivable broken down by (sub)categories of the CPA’
receivable’ (42 14 0).

is a further breakdown of ‘Commission

Code: 44 14 0

Title: Commissions payable broken down by (sub)categories of the CPA

Definition

Commissions payable are defined in Article 31 of Directive 86/635/EEC. The breakdown by products is based on the
classification of products according to activities for financial intermediation services and services auxiliary to financial
intermediation. The variable has to be broken down by (sub)categories of the CPA at the appropriate level.

Note: Reference to Articles 27(5), and 28(A)(2) of Directive 86/635/EEC.

Link to other variables

‘Commission payable broken down by (sub)categories of the CPA’ is a further breakdown of ‘Commission payable’
(42 15 0).

VARIABLES ON INTERNATIONALISATION

The variables 45 11 0, 45 21 0 and 45 22 0 are referring to the business written by branches with head offices
within EEA countries.

Code: 45 11 0

Title: Geographical breakdown of the total number of EEA branches

Definition

‘Branch’ is defined in Article 1 of the Council Directive 89/646/EEC of 15 December 1989 and is detailed in the
Commission Communication on the freedom to provide services and on the interest of the general good in the
Second Banking Directive (95/C 291/06).

Note: From the perspective of the host Member State, the total number of EEA branches has to be broken down by

each single other EEA country.

Code: 45 21 0

Title: Geographical breakdown of interest receivable and similar income

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Definition

Interest receivable and similar income (see variable 42 11 0) written in the host country by branches with head office
in each single other EEA country.

Code: 45 22 0

Title: Geographical breakdown of balance sheet total

Definition

Balance sheet total (see variable 43 30 0) of branches established in the host country with head office in each single
other EEA country.

Code: 45 31 0

Title: Geographical breakdown of interest receivable and similar income via the Freedom to Provide

Services business (in other EEA countries)

Definition

Interest receivable and similar income (see variable 42 11 0) written, under the right of the freedom to provide
services, by credit institutions authorised in the home Member State, in each single other EEA country.

Code: 45 41 0

Title: Geographical breakdown of interest receivable and similar income via branch business (in non-EEA

countries)

Definition

Interest receivable and similar income (see variable 42 11 0) written by branch of credit institutions, authorised in
the home Member State, in non-EEA countries.

The following breakdown has to be used: Switzerland, USA, Japan, third countries (rest of the world).

Code: 45 42 0

Title: Geographical breakdown of interest receivable and similar income via the Freedom to Provide

Services business (in non-EEA countries)

Definition

Interest receivable and similar income (see variable 42 11 0) written, under the right of the freedom to provide
services, by credit institutions authorised in the home Member State, in non-EEA countries.

The following breakdown has to be used: Switzerland, USA, Japan, third countries (rest of the world).

Code: 16 11 1

VARIABLES ON EMPLOYMENT

Title: Number of persons employed broken down by category of credit institutions

Definition

The number of persons employed (see variable 16 11 0) is broken down by category of credit institutions as follows:
licensed banks, specialised credit granting institutions, other credit institutions. This breakdown enables to allocate
the categories of credit institutions to the relevant NACE rev. 1 classes.

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Link to other variables

‘Number of persons employed broken down by category of credit institutions’ is a further breakdown of the number
of persons employed (16 11 0).

Code: 16 11 2

Title: Number of women employed

Definition

The number of persons employed (see variable 16 11 0) of the female sex.

Link to other variables

‘Number of women employed’ is part of the number of persons employed (16 11 0).

Code: 16 13 6

Title: Number of female employees

Definition

The number of employees (see variable 16 13 0) of the female sex.

Link to other variables

‘Number of female employees’ is part of the number of employees (16 13 0).

RESIDUAL VARIABLES

Code: 47 11 0

Title: Number of accounts broken down by (sub)categories of the CPA

Definition

The number of accounts held by credit institutions at the end of the accounting year is included here. The breakdown
by products is based on the classification of products according to activities for financial intermediation services and
services auxiliary to financial intermediation. The number of accounts is linked to (sub)categories of the CPA at the
appropriate level.

Code: 47 12 0

Title: Number of loans and advances to customers broken down by (sub)categories of the CPA

Definition

The number of loans and advances to customers at the end of the accounting year is included here. The breakdown
by products is based on the classification of products according to activities for financial intermediation services and
services auxiliary to financial
intermediation. The number of loans and advances to customers is linked to
(sub)categories of the CPA at the appropriate level.

Code: 47 13 0

Title: Number of automatic teller machines (ATM) owned by credit institutions

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Definition

The term ‘automatic teller machines’ (ATM) includes different forms of machines providing electronic banking
services, e.g. machines for withdrawing deposits (cash dispensers), for making payments and transaction inquiries,
for exchanging money, for loading multipurpose cards, etc.

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ANNEX IV

Definitions of characteristics listed in section 4 of Annex 7 to Regulation (EC, Euratom) 58/97 concerning
structural business statistics (pension funds)

AUTONOMOUS PENSION FUNDS

STRUCTURAL VARIABLES

Code: 11 11 8

Title: Number of enterprises broken down by size of investments

Definition

The number of enterprises as defined in variable 11 11 0 broken down by size classes of investments, these are the
investments covered by the variables 48 10 0 or 48 10 4, i.e. total investments at market value.

Link to other variables

The variable ‘Number of enterprises broken down by size of investments’ (11 11 8) is a further breakdown of the
variable ‘Number of enterprises’ (11 11 0).

Code: 11 11 9

Title: Number of enterprises broken down by size classes of members

Definition

The number of enterprises as defined in variable 11 11 0 broken down by size classes of members; these are the
members defined in the variable ‘Number of members’ (48 70 0).

Note: The number of members at the end of the accounting year should be considered.

Link to other variables

The variable ‘Number of enterprises broken down by size classes of members’ (11 11 9) is a further breakdown of
the variable ‘Number of enterprises’ (11 11 0).

Code: 11 61 0

Title: Number of pension schemes

Definition

This variable shall comprise the total number of pension schemes under the administration of pension funds. A
pension scheme is based on an agreement, in general between social partners, stipulating which retirement benefits
are granted and under which conditions.

ACCOUNTING VARIABLES

Profit-and-loss account (total income and expenditure) variables

Code: 48 00 1

Title: Pension contributions receivable from members

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Definition

This variable shall comprise all pension contributions receivable from members, due during the financial year, in
respect of pension contracts, including all mandatory contributions, other regular contributions and voluntary
additional contributions.

Link to other variables

The variable ‘Pension contributions receivable from members’ (48 00 1) is used in the calculation of the variable
‘Turnover’ (12 11 0).

Code: 48 00 2

Title: Pension contributions receivable from employers

Definition

This variable shall comprise all pension contributions receivable from employers, due during the financial year, in
respect of pension contracts, including all mandatory contributions, other regular contributions and voluntary
additional contributions.

Link to other variables

The variable ‘Pension contributions receivable from employers’ (48 00 2) is used in the calculation of the variable
‘Turnover’ (12 11 0).

Code: 48 00 3

Title: Incoming transfers

Definition

This variable shall comprise all incoming transfers. Those transfers are usually received from other pension funds or
insurance companies. When an employee changes employer he often has the choice to transfer the amounts of
pension rights constituted at the pension fund or insurance scheme of his former employer to the pension fund of
the new employer.

Link to other variables

The variable ‘Incoming transfers’ (48 00 3) is used in the calculation of the variable ‘Turnover’ (12 11 0).

Code: 48 00 4

Title: Other pension contributions

Definition

This variable shall comprise all other pension contributions, due during the financial year, in respect of pension
contracts (e.g. contributions from central or local governments, from individuals and associations).

Link to other variables

The variable ‘Other pension contributions’ (48 00 4) is used in the calculation of the variable ‘Turnover’ (12 11 0).

Code: 48 00 5

Title: Pension contributions to defined benefit schemes

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Definition

This variable shall comprise all pension contributions receivable by defined benefit schemes, due during the financial
year, in respect of pension contracts, including all regular, voluntary and other contributions.

Link to other variables

The variable ‘Pension contributions to defined benefit schemes’ (48 00 5) is used in the calculation of the variable
‘Turnover’ (12 11 0).

Code: 48 00 6

Title: Pension contributions to defined contribution schemes

Definition

This variable shall comprise all pension contributions receivable by defined contributions schemes, due during the
financial year, in respect of pension contracts, including all regular, voluntary and other contributions.

Link to other variables

The variable ‘Pension contributions to defined contribution schemes’ (48 00 6) is used in the calculation of the
variable ‘Turnover’ (12 11 0).

Code: 48 00 7

Title: Pension contributions to hybrid schemes

Definition

This variable shall comprise all pension contributions receivable by hybrid schemes, due during the financial year, in
respect of pension contracts, including all regular, voluntary and other contributions.

Note: Hybrid schemes are schemes with elements of both defined benefits schemes and defined contributions
schemes.

Link to other variables

The variable ‘Pension contributions to hybrid schemes’ (48 00 7) is used in the calculation of the variable ‘Turnover’
(12 11 0).

Code: 48 01 0

Title: Investment income (PF)

Definition

This variable shall comprise income from investments, value readjustments on investments and income from realised
and unrealised capital gains and losses. It includes rents receivable, interest income, dividends and realised and
unrealised capital gains and losses.

Link to other variables

The variable ‘Investment income (PF)’ (48 01 0) includes the variable ‘Capital gains and losses’ (48 01 1).

Code: 48 01 1

Title: Capital gains and losses

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Definition

This variable shall comprise income from realised and unrealised capital gains and losses carried through the profit
and loss account. Capital gains and losses arise from the variation between the valuation of investments at the
beginning of the accounting period (or at purchase, if later) and their valuation at the end of the accounting period
(or at sale, if earlier).

Link to other variables

The variable ‘Capital gains and losses’ (48 01 1) is used in the calculation of the variable ‘Investment income (PF)’
(48 01 0).

Code: 48 02 1

Title: Insurance claims receivable

Definition

This variable shall comprise claims receivable from insurance or reinsurance enterprises related to risks ceded.

Code: 48 02 2

Title: Other income (PF)

Definition

Other income shall comprise all other income of pension funds apart from pension contributions and investment
income of pension funds, such as income from commissions and other income.

Code: 48 03 0

Title: Total expenditure on pensions

Definition

This variable shall include all kinds of expenditure to the members of the pension scheme and their dependents,
outgoing transfers, etc. Expenditure which is also income related to risks ceded to insurance enterprises is covered
here.

Link to other variables

‘Total expenditure on pensions’ (48 03 0) is calculated as follows:

Regular pension payments (48 03 1),

+ Pension payments of lump sums (48 03 2),

+ Outgoing transfers (48 03 3).

Code: 48 03 1

Title: Regular pension payments

Definition

This variable shall comprise all payments on pensions which have a regular nature (i.e. annuity).

Link to other variables

The variable ‘Regular pension payments’ (48 03 1) is used in the calculation of the variable ‘Total expenditure on
pensions’ (48 03 0).

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Code: 48 03 2

Title: Pension payments of lump sums

Definition

This variable shall comprise all payments on pensions which are lump-sum payments.

Link to other variables

The variable ‘Pension payments of lump sums’ (48 03 2) is used in the calculation of the variable ‘Total expenditure
on pensions’ (48 03 0).

Code: 48 03 3

Title: Outgoing transfers

Definition

This variable shall comprise all outgoing transfers (usually the amount of pension rights transferred to other pension
funds or to insurance companies when an employee changes employer and adheres consequently to the pension
fund or insurance scheme of his new employer).

Link to other variables

The variable ‘Outgoing transfers’ (48 03 3) is used in the calculation of the variable ‘Total expenditure on pensions’
(48 03 0).

Code: 48 04 0

Title: Net change in technical provisions (reserves)

Definition

This variable shall comprise all kind of changes in technical provisions net of reinsurance. Incoming and outgoing
transfers of technical provisions between pension funds are included here.

Code: 48 05 0

Title: Insurance premiums payable

Definition

This variable shall comprise the total of insurance premiums payable for all kinds of risks ceded to insurance or
reinsurance enterprises.

Code: 48 06 0

Title: Total operational expenses

Definition

This variable shall include all costs arising from the collection of pension contributions, portfolio management,
handling of pension payments as well as commissions, other external expenses on goods and services and personnel
costs.

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Link to other variables

‘Total operational expenses’ (48 06 0) is calculated as follows:

Personnel costs (13 31 0),

+ Total purchases of goods and services (13 11 0).

Code: 48 07 0

Title: All taxes

Definition

This variable shall comprise all direct taxes payable (e.g. on investment income, etc.) by the pension fund which are
not included in external expenses on goods and services or in personnel costs.

BALANCE SHEET VARIABLES — ASSETS

Code: 48 11 0

Title: Land and buildings (PF)

Definition

This variable shall comprise all land and buildings owned by the pension fund.

Link to other variables

The variable ‘Land and buildings (PF)’ (48 11 0) is used in the calculation of the variable ‘Total investments of pension
funds’ (48 10 0).

Code: 48 12 0

Title: Investments in affiliated enterprises and participating interests (PF)

Definition

This variable shall comprise shares in affiliated undertakings, debt securities issued by, and loans to, affiliated
undertakings, participating interests and debt securities issued by, and loans to, undertakings with which a pension
fund is linked by virtue of a participating interest. It excludes the investments included under item 48 10 1.

Link to other variables

The variable ‘Investments in affiliated enterprises and participating interests (PF)’ (48 12 0) is used in the calculation
of the variable ‘Total investments of pension funds’ (48 10 0).

Code: 48 13 0

Title: Shares and other variable-yield securities

Definition

This variable shall comprise all kinds of quoted and unquoted shares and other variable-yield securities, except those
included under items 48 12 0 and 48 14 0.

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Link to other variables

The variable ‘Shares and other variable-yield securities’ (48 13 0) is used in the calculation of the variable ‘Total
investments of pension funds’ (48 10 0) and is based on:

Shares quoted on a regulated market (48 13 1),

+ Non publicly traded shares (48 13 3),

+ Other variable-yield securities (48 13 4).

Code: 48 13 1

Title: Shares traded on a regulated market

Definition

This variable shall comprise all shares quoted on an exchange market.

Link to other variables

The variable ‘Shares traded on a regulated market’ (48 13 1) is part of the variable ‘Shares and other variable-yield
securities’ (48 13 0).

Code: 48 13 2

Title: Shares traded on a regulated market specialised in SMEs

Definition

This variable shall comprise all shares quoted on regulated markets specialised in innovative, high-growth companies
and SMEs. These markets are also known as Small and Medium-Sized Business Markets (SMB markets) or Parallel
Markets. These markets provide an exchange facility where listed securites of small and medium-sized companies can
be traded efficiently and competitively.

Link to other variables

The variable ‘Shares quoted on a regulated market specialised in SMEs’ (48 13 2) is part of the variable ‘Shares traded
on a regulated market’ (48 13 1).

Code: 48 13 3

Title: Non-publicly traded shares

Definition

This variable shall comprise all shares not quoted on an exchange market.

Link to other variables

The variable ‘Non-publicly traded shares’ (48 13 3) is part of the variable ‘Shares and other variable-yield securities’
(48 13 0).

Code: 48 13 4

Title: Other variable-yield securities

Definition

This variable shall comprise all other variable-yield securities not shown under other headings.

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Link to other variables

The variable ‘Other variable-yield securities’ (48 13 4) is part of the variable ‘Shares and other variable-yield securities’
(48 13 0).

Code: 48 14 0

Title: Units in undertakings for collective investment in transferable securities

Definition

This variable shall comprise all kinds of units in undertakings for collective investment in transferable securities as
defined in Council Directive 85/611/EEC (1). This also includes open-end funds and similar undertakings for collective
investment.

Link to other variables

The variable ‘Units in undertakings for collective investment in transferable securities’ (48 14 0) is used in the
calculation of the variable ‘Total investments of pension funds’ (48 10 0).

Code: 48 15 0

Title: Debt securities and other fixed-income securities

Definition

This variable shall comprise negotiable debt securities and other fixed-income securities issued by credit institutions,
by other undertakings or by public bodies except those included under item 48 12 0. Securities bearing an interest
rate, which varies in line with specific factors, for example the interest rate on the interbank market or on the
Euromarket, shall also be regarded as debt securities and other fixed-income securities.

Link to other variables

The variable ‘Debt securities and other fixed-income securities’ (48 15 0) is used in the calculation of the variable
‘Total investments of pension funds’ (48 10 0) and is based on:

Debt securities and other fixed-income securities issued by public administrations (48 15 1),

+ Other debt securities and other fixed-income securities (48 15 2).

Code: 48 15 1

Title: Debt securities and other fixed-income securities issued by public administrations

Definition

This variable shall comprise debt securities and other fixed-income securities issued or guaranteed by central and
local governments and public administrations.

Link to other variables

The variable ‘Debt securities and other fixed-income securities issued by public administrations’ (48 15 1) is used in
the calculation of the variable ‘Debt securities and other fixed-income securities’ (48 15 0).

Code: 48 15 2

Title: Other debt securities and other fixed-income securities

(1) OJ L 375, 31.12.1985, p. 3.

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Definition

This variable shall comprise all other debt securities and other fixed-income securities (e.g. corporate bonds).

Link to other variables

The variable ‘Other debt securities and other fixed-income securities’ (48 15 2) is used in the calculation of the
variable ‘Debt securities and other fixed-income securities’ (48 15 0).

Code: 48 16 0

Title: Participation in investment pools (PF)

Definition

This variable shall comprise shares held by an undertaking in joint investments constituted by several undertakings
or pension funds, the management of which has been entrusted to one of those enterprises or to independent fund
managers.

Link to other variables

The variable ‘Participation in investment pools (PF)’ (48 16 0) is used in the calculation of the variable ‘Total
investments of pension funds’ (48 10 0).

Code: 48 17 0

Title: Loans guaranteed by mortgages and other loans not covered elsewhere

Definition

This variable shall comprise all kinds of loans of pension funds guaranteed or not by mortgages.

Link to other variables

The variable ‘Loans guaranteed by mortgages and other loans not covered elsewhere’ (48 17 0) is used in the
calculation of the variable ‘Total investments of pension funds’ (48 10 0).

Code: 48 18 0

Title: Other investments

Definition

This variable shall comprise all other investments which are not part of the previous investment items, such as
deposits with credit institutions, cash, other short-term investments, derivatives or other investments.

Link to other variables

The variable ‘Other investments’ (48 18 0) is used in the calculation of the variable ‘Total investments of pension
funds’ (48 10 0).

Code: 48 10 0

Title: Total investments of pension funds

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Definition

This variable is the sum of the following variables: Land and buildings (PF) (48 11 0) + Investments in affiliated
enterprises and participating interests (PF) (48 12 0) + Shares and other variable-yield securities (48 13 0) + Units in
undertakings for collective investment in transferable securities (48 14 0) + Debt securities and other fixed-income
securities (48 15 0) + Participation in investment pools (48 16 0) + Loans guaranteed by mortgages and other loans
not covered elsewhere (48 17 0) + Other investments (48 18 0).

Code: 48 10 1

Title: Total investments invested in ‘the sponsoring enterprise’

Definition

This variable shall comprise all
investments in the sponsoring enterprises, such as shares of the sponsoring
enterprises, debt securities issued by, and loans to, the sponsoring enterprises, etc. The sponsoring enterprises are the
employers, which pay contributions into the pension fund for their employees.

Link to other variables

The variable ‘Total investments invested in “the sponsoring enterprise”’ is part of the variable ‘Total investments of
pension funds’ (48 10 0).

Code: 48 10 4

Title: Total investments at market values

Definition

This variable shall comprise ‘Total
investments’ (= sum of the variables Land and buildings (PF) (48 11 0) +
Investments in affiliated enterprises and participating interests (PF) (48 12 0) + Shares and other variable-yield
securities (48 13 0) + Units in undertakings for collective investment in transferable securities (48 14 0) + Debt
securities and other fixed-income securities (48 15 0) + Participation in investment pools (48 16 0) + Loans
guaranteed by mortgages and other loans not covered elsewhere (48 17 0) + Other investments (48 18 0)) at market
value.

Note: The variable ‘Total investments at market values’ (48 10 4) has only to be delivered if the variable ‘Total

investments of pension funds’ (48 10 0) is not delivered at market value.

Code: 48 20 0

Title: Other assets

Definition

This variable shall comprise all other assets not shown under investments.

BALANCE SHEET VARIABLES — LIABILITIES

Code: 48 30 0

Title: Capital and reserves

Definition

This variable shall comprise capital and reserves not formally allocated to pension beneficiaries, such as equity
capital, reserves or other equivalent funds.

Code: 48 40 0

Title: Net technical provisions (PF)

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Definition

This variable shall comprise technical provisions net of reinsurance allocated to pension beneficiaries. These technical
provisions normally are valued according to actuarial principles.

Code: 48 50 0

Title: Other liabilities

Definition

This variable shall comprise all other liabilities not being recorded under capital and reserves or net technical
provisions.

VARIABLES ON INTERNATIONALISATION

Code: 48 61 0

Title: Geographical breakdown of turnover

Definition

This variable shall comprise all pension contributions as defined in the variable ‘Turnover’ (12 11 0), due during the
financial year, such as all mandatory contributions, other regular contributions, voluntary additional contributions,
other contributions, broken down into the following countries: home country, (other) EU countries, other EEA
countries, USA and Canada, Japan, and the rest of the world.

Note: The criterion for allocation of the turnover follows the residence of the contributing member.

Link to other variables

The variable ‘Geographical breakdown of turnover’ is a further breakdown of the variable ‘Turnover’ (12 11 0).

Code: 48 62 0

Title: Shares and other variable-yield securities broken down by location

Definition

This variable shall comprise shares and other variable-yield securities as defined in the variable ‘Shares and other
variable-yield securities’ (48 13 0) broken down by location. The following areas are considered: home country,
(other) EU countries, other EEA countries, USA and Canada, Japan, and the rest of the world.

Note: The location of share corresponds to where the firm issuing the share is incorporated.

Link to other variables

The variable ‘Shares and other variable-yield securities broken down by location’ (48 62 0) is a further breakdown of
the variable ‘Shares and other variable-yield securities’ (48 13 0).

Code: 48 63 0

Title: Total investments broken down by location

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Definition

This variable shall comprise total investments as defined in the variable ‘Total investments of pension funds’ (48 10 0)
broken down by location. The following areas are considered: home country, (other) EU countries, other EEA
countries, USA and Canada, Japan, and the rest of the world.

Note: The location of land and buildings is defined by the area in which these assets are situated. Investments in unit
trusts are allocated in accordance with the information provided by the unit trusts. Investments in fixed-
income securities are allocated based on the legal incorporation of the issuer. The location of share corresponds
to where the firm issuing the share is incorporated.

Link to other variables

The variable ‘Total investments broken down by location’ (48 63 0) is a further breakdown of the variable ‘Total
investments of pension funds’ (48 10 0).

Code: 48 64 0

Title: Total investments broken down into euro and non-euro components

Definition

This variable shall comprise total investments as defined in the variable ‘Total investments of pension funds’ (48 10 0)
broken down by currencies. The following currency breakdown is considered: euro, others.

Link to other variables

The variable ‘Total investments broken down into euro and non-euro components’ (48 64 0) is a further breakdown
of the variable ‘Total investments of pension funds’ (48 10 0).

RESIDUAL VARIABLES

Code: 48 70 0

Title: Number of members

Definition

This variable shall comprise the total number of members whose pension schemes — as defined in the variable
‘Number of pension schemes’ (11 61 0) — are under the administration of pension funds. This includes the number
of active members, deferred members and retired persons.

Link to other variables

The variable ‘Number of members’ (48 70 0) is calculated as follows:

Number of members of defined benefit schemes (48 70 1),

+ Number of members of defined contribution schemes (48 70 2),

+ Number of members of hybrid schemes (48 70 3);

or

Number of active members (48 70 4),

+ Number of deferred members (48 70 5),

+ Number of retired persons (48 70 6).

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Code: 48 70 1

Title: Number of members of defined benefit schemes

Definition

This variable shall comprise the total number of members of defined benefits schemes. This includes the number of
active members, deferred members and retired persons.

Link to other variables

The variable ‘Number of members of defined benefits schemes’ (48 70 1) is used in the calculation of the variable
‘Number of members’ (48 70 0).

Code: 48 70 2

Title: Number of members of defined contribution schemes

Definition

This variable shall comprise the total number of members of defined contributions schemes. This includes the
number of active members, deferred members and retired persons.

Link to other variables

The variable ‘Number of members of defined contribution schemes’ (48 70 2) is used in the calculation of the variable
‘Number of members’ (48 70 0).

Code: 48 70 3

Title: Number of members of hybrid schemes

Definition

This variable shall comprise the total number of members of hybrid schemes. This includes the number of active
members, deferred members and retired persons.

Link to other variables

The variable ‘Number of members of hybrid schemes’ (48 70 3) is used in the calculation of the variable ‘Number of
members’ (48 70 0).

Code: 48 70 4

Title: Number of active members

Definition

This variable shall comprise the number of members who are actively contributing to the pension scheme.

Link to other variables

The variable ‘Number of active members’ (48 70 4) is used in the calculation of the variable ‘Number of members’
(48 70 0).

Code: 48 70 5

Title: Number of deferred members

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Definition

This variable shall comprise the number of members who have left the pension scheme, but retain deferred rights.

Link to other variables

The variable ‘Number of deferred members’ (48 70 5) is used in the calculation of the variable ‘Number of members’
(48 70 0).

Code: 48 70 6

Title: Number of retired persons

Definition

This variable shall comprise the number of persons who receive pension benefits.

Link to other variables

The variable ‘Number of retired persons’ (48 70 6) is used in the calculation of the variable ‘Number of members’
(48 70 0).

NON-AUTONOMOUS PENSION FUNDS

Code: 11 15 0

Title: Number of enterprises with non-autonomous pension funds

Definition

Commission Regulation (EC) No 2700/98 concerning the definitions of characteristics for structural business
statistics. This variable concerns the number of enterprises that constitute book reserves for paying out pensions to
their employees. The management of the non-autonomous pension fund is an ancillary activity to these enterprises.

Note: These enterprises are to be classified according to their principal activity under one of the grouping of activities
mentioned in section 9 of Annex 1 of Regulation (EC, Euratom) No 58/97 concerning structural business statistics.

Code: 48 08 0

Title: Turnover of non-autonomous pension funds

Definition

This variable shall comprise all pension contributions, in respect of pension contracts, made to the book reserve
during the financial year.