Concepts and definitions
- Turnover
Turnover is recorded in the Business Register according to profit and loss statement, except in the cane of practitioners of a trade for whom it is formed from proceeds from the trade. Data on turnover are not recorded for enterprises in certain industries. The most important of these is financial intermediation and insurance and pension funding activity.
Turnover is deemed to comprise sales profits from the actual activity of a party with a legal obligation to keep books, after deduction of granted discounts, value added tax and other taxes based direct on sales volume. In addition to the sales adjustment items, income transfer and passage through items are deducted from sales. These are items belonging to another party with a legal obligation to keep books, which only technically go through the books of this other party obliged to keep books. Paid sales freight, commissions and credit losses are not deducted from turnover.
If the length of the accounting period deviates from 12 months, turnover is converted in the Business Register statistics to equal 12 months. As of the statistical year 2001, the turnover for a statistical year in the Register of Enterprises and Establishment concerns the accounting period that ends during the statistical year under review. Prior to this, turnover concerned the accounting period that ended between 1 April of statistical year and 31 March of statistical year +1.
Official Statistics of Finland (OSF):
Business Services Statistics [e-publication].
ISSN=1798-9507. Helsinki: Statistics Finland [referred: 27.5.2012].
Access method: http://www.tilastokeskus.fi/til/palhy/kas_en.html.
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