Annual economic indicators of real estate (until 2015)
Statistical activity code: 20322
Real estate enterprises’ assets, liabilities and equity; investments in fixed assets; income statement, employment and hours worked; value added and productivity measures by economic activity (EMTAK 2008) and number of persons employed
Estonian Classifcation of Economic Activities (EMTAK 2008) based on NACE Rev. 2
Real estate enterprises
Assets total – sum of current and fixed assets, which is equal to the sum of liabilities and equity.
Current assets – cash and bank; assets, which are expected to be sold or otherwise used up usually within one year, or one business cycle.
Equity – (net assets) the owners’ interest on the assets of the enterprise after deducting liabilities.
Fixed assets – assets purchased for continued and long-term use in an enterprise, usually more than one year.
Investment property – land and/or buildings held to earn rentals or for capital appreciation or both.
Investments in fixed assets – the cost of buildings, land, equipment, machinery, vehicles, installation, etc. purchased in the reference period; in the case of construction and reconstruction of the existing fixed assets, it also includes the cost of work done; investments in intangible fixed assets and valuables. The acquisition of property classified as investment property is also included.
Liabilities – current and long-term liabilities.
Net profit (loss) – turnover + other revenue + financial income – costs total – other expenses – financial costs – income tax.
Number of employees – persons who work for an employer, have a contract of employment and receive compensation in the form of wages, salaries, fees, gratuities, piecework pay or remuneration in kind.
Number of enterprises – the number of active enterprises or enterprises, which were economically active in the reference period (turnover, expenditure, etc.).
Personnel expenses – wages and salaries, and social tax.
Persons employed – persons who work for the enterprise, irrespective of the length of their working week.
Employed persons include:
- working proprietors and their unpaid family members;
- full- and part-time employees who are on the pay-roll;
- persons who work outside the unit (sales representatives, delivery personnel, repair and maintenance teams, etc.) but who are on the staff list and the pay-roll of the enterprise;
- persons temporarily absent from work (persons on sick leave, paid leave, study leave, on strike, etc.);
- seasonal workers, trainees (apprentices) and home-workers who are on the pay-roll;
- persons employed under the contract for services.
Sale to non-residents – the revenue from the sale of goods and services to legal persons registered or natural persons residing abroad, i.e. outside Estonia.
Turnover (formerly ‘net sales’) – income from sale of all products, goods and services received or to be received, which does not include VAT and excises. Turnover is equal with the pay received or to be received and is calculated on a accrual basis accounting. Turnover excludes subsidies.
Value added – (at factor cost) the gross income from operating activities after adjusting for operating subsidies and indirect taxes.
Enterprise – company
Enterprises whose main activity is real estate activities
List of active enterprises whose main activity is real estate activities. The list is generated from the Business Register for Statistical Purposes.
Estonia as a whole
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Data are published under the heading „Economy/ Real estate” in the Statistical Database in http://pub.stat.ee.
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DATA FROM OTHER STATISTICAL ACTIVITIES
Data from statistical activity 20300 „Annual financial statistics of enterprises” are used.
Arithmetic and qualitative controls are used in the validation process, including comparison with other data.
The indicators to be published are calculated on the basis of the collected data.