Glossary of Terms
Industry

Average Total Employment – arrived at by dividing the total employment during the pay periods, nearest the middle of each quarter (Feb. 15, May 15, Aug. 15, and Nov. 15) by four quarters. (National Statistics Office)

Capital Expenditures for Fixed Assets – include cost of acquisition of new and used fixed assets, fixed assets produced by the establishment for its own use, major alterations, additions and improvements to fixed assets, whether done by others, or done on own account. (National Statistics Office)

Capital Increase – the additional funds put into the capital stock of existing business firms. (Bangko Sentral ng Pilipinas)

Capital Investment – the amount of capital invested by a newly registered organization whether a corporation, partnership or single proprietorship. (Bangko Sentral ng Pilipinas)

Capital Withdrawal – the retirement and/or redemption of capital funds of business firms. (Bangko Sentral ng Pilipinas)

Cost - all expenses whether paid or payable incurred during the year including interest expenses and indirect taxes and other charges. Valuation is usually at market price, net of discounts, rebates, returns and allowances. (National Statistics Office)

Establishment – an economic unit which engages in one or predominantly one kind of economic activity at a fixed single physical location. (National Statistics Office)
  

Paid Employee - person working for and receiving pay from an establishment; includes the full time or part-time employee on paid leaves, e.g. paid vacation, maternity holiday or sick leave. Excludes consultants, home workers, workers receiving commissions and workers on indefinite leave. (National Statistics Office)

Salaries and Wages - payments in cash or in kind prior to deductions for employees’ contribution to SSS/GSIS, withholding tax, etc. to all employees. Included are total basic pay, overtime pay and other benefits. (National Statistics Office)

Shipments - the sale or inter-plant transfer of finished products from an establishment. (National Statistics Office)

Stocks - investments in shares of stock, common or preferred, traded, subsidiaries, and non-subsidiaries. (Securities and Exchange Commission)

Subscribed Capital – that portion of the authorized capital which has been underwritten by the stockholders. (Bangko Sentral ng Pilipinas)

Total Receipts (Revenues/Sales) – includes the value/cash received and receivables for products shipped, goods sold and transferred and industrial and non-industrial services rendered to others. (National Statistics Office)

Value of Output - represents the total value of products sold, receipts from contract work and industrial services done for others, receipts from goods bought and sold in same conditions, fixed assets produced on own-account and change in inventories (ending less beginning of finished products, work-in process and goods for release). (National Statistics Office)