Description of Financial and Monetary Analysis Indicators
1. Data Source
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Historical Background: Directorate of National Accounts produced reports
on analytical financial indicators of economic activities of economic sectors
for the period 1970 – 2010 by 7 annual actual reports.
Objective: Financial indicators reports aims at providing analytical financial
indicators on financial situation for each company and then provide
aggregated indicators on economic activities and sectors.
2. Methodology
Directorate of National Accounts depends on final accounts and balance sheets
produced by companies at the end of each year in preparing the financial and
monetary analysis indicators. These accounts are analyzed through preparing
analytical questionnaires for each company to be divided into seven sectors to
produce annual report on financial analytical indicators of each sector as follows:
a) Report on the financial analytical indicators of public sector manufacturing
activity.
b) Report on the financial analytical indicators of public sector electricity and
water activity.
c) Report on financial analytical indicators of public sector oil extraction and
mining activity.
d) Report on the financial analytical indicators of public sector transport and
communications activity.
e) Report on the financial analytical indicators of public sector trade activity.
f) Report on the financial analytical indicators of mixed sector (industrial,
trade and transport).
g) Report on the financial analytical indicators of banks and insurance (public,
private).
Directorate of National Accounts starts working on the annual reports
mentioned above from 25/6 to 25/11 of the year following the year in
which the report is producedand cover public, mixed and private sectors.
Coverage :
a) Economic coverage: includes all the profit institutions covered by self-financing
system as well as banks and insurance.
b) Geographical coverage: include all economic units resident country borders.
c) Time coverage: includes the fiscal year in which the report is produced.
3. Concepts and Definition
a) Total production at producer price: Total revenues of production, trade and
service activity and other revenues.
b) Intermediate uses: Total values of goods and services
c) Total value added at market price:
d) Total value added at cost price: The increase in gross domestic production as a
result of economic unit performance after calculating net taxes.
e) Net value added at cost price: Total value added at cost price less annual
depreciation.
f) Net current transfers: Net value of transferring revenues of the economic
unit.
g) Income of production factors: total incomes of the four production factors
contribute to the production process.
h) Compensation of employees: Salaries, wages and benefits.
i) Operation surplus: The residual of net value added at cost price after
excluding compensation of employees.
4. Classifications
Reports are classified by economic sectors ( public, mixed and private),
reports of public sector include:
a) Report on the financial analytical indicators of public sector electricity and
water activity.
b) Report on financial analytical indicators of public sector oil extraction and
mining activity.
c) Report on the financial analytical indicators of public sector transport and
communications activity.
d) Report on the financial analytical indicators of public sector trade activity.
e) Report on the financial analytical indicators of public sector manufacturing
activity.
Mixed sector is analyzed by producing report on financial analytical
indicators which includes three activities ( industry, trade and transport).
h) Activity of banks and insurance includes the report on the financial
analytical indicators of banks and insurance of only public and private
sectors .
5. Methods of Calculation
a) Total production at producer price: commodity production value =
commodity production value + trade activity revenue + service and other
revenues.
b) Intermediate uses = commodity inputs – employees supplies + service inputs
– employees transportation – subscriptions and credits – insurance
installments + special service expenses + commission paid.
c) Total value added at market price = total production at producer price –
intermediate uses.
d) Total value added at cost price = total value added at market price – indirect
taxes + subsidies.
e) Net value added at cost price = total value added at cost price – annual
depreciation.
f)
Net current transfers = transfers and other revenues – ( transfers and other
expenses + subscriptions and credits + insurance installments - special
service expenses – taxes and fees).
g) Production factors income = net value added at cost price + net current
transfers = net profit or loss + salaries and wages + net profits paid + net
land rentals paid.
h) Compensation of employees = salaries and wages + employees supplies +
employees transportation.
i) Operation surplus = net value added at cost price - compensation of
employees.
As for banks and insurance, revenues = bank profits received - bank profits
paid while revenues of insurance company = insurance installments received
– compensations paid.
6. Data availability
a) Data of financial and monetary analyses are collected at Iraq level
b) Data are disseminated in publications as well as in excel and pdf format on
CSO web.
c) All the financial and monetary analyses reports are annual and produced
since 1970.