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Terms and Definitions


This Document is Archived


SMEs in New Zealand: Structure and Dynamics - 2005

[ Last Updated 3 November 2005 ]


All terms as used in the document refer to New Zealand, unless otherwise specified.

ANZSIC
Australian and New Zealand Standard Industrial Classification. A geographic unit is assigned to an ANZSIC category according to the predominant activity in which it is engaged. The Enterprise ANZSIC is derived from the ANZSIC and employment levels of the geographic unit(s) belonging to that enterprise.
Business Demography Dataset
Data on the structure and characteristics of businesses in New Zealand. Business characteristics available include region, industry, institutional sector, business type, degree of overseas ownership, and employment levels.
Business Frame
A "live" list of the individual, private and public-sector businesses and organisations that are engaged in the production of goods and services in New Zealand. Business demography data are gathered from Statistics New Zealand's annual update of the Business Frame (a "snapshot" of New Zealand businesses as at February each year).
Employee count (EC)
Head count of salary and wage earners sourced from taxation data. EC data are available on a monthly basis. The EC count used for the derivation of business demography statistics is for the February month.
Enterprise
An operating business. It can be a company, partnership, trust, estate, incorporated society, producer board, local or central government organisation, voluntary organisation or self-employed individual.
Full-Time Equivalents (FTE)
The number of full-time employees and working proprietors plus half the number of part-time employees and working proprietors.
Geographic unit
A separate operating unit engaged in one, or predominantly one, kind of economic activity from a single physical location or base.
Rolling Mean Employment (RME)
A 12-month moving average of the monthly Employee Count figure.
Small and Medium-Sized Enterprises (SME)
In this report, a SME is defined as an enterprise with 19 or fewer employees.
Value-added
A measure of the contribution to total output by enterprises in the economy. Value-added is calculated as gross output minus intermediate consumption and serves as a proxy measure of Gross Domestic Product.
Working Proprietor
Either a sole proprietor or partner who is engaged actively in the business, or a shareholder in a limited liability company actively engaged in its management.

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