Gain (or loss) of enterprise (financial statistics)

Definition

Gain (or loss) refers to realized gains or losses on the sale of assets that are not considered extraordinary items. The assets in this category are not considered part of stock-in-trade purchased for sale from the normal operations of the business. They are considered to be of a capital nature such as loans, investments, securities and fixed assets.

Enterprise (financial statistics) refers to the organizational unit of a business that directs and controls the allocation of resources relating to its domestic operations, and for which consolidated financial and balance sheet accounts are maintained from which international transactions, an international investment position and a consolidated financial position for the unit can be derived. It corresponds to the institutional unit as defined for the System of National Accounts. For the purpose of financial statistics, enterprises classified under the North American Industry Classification System (NAICS) to Management of Companies and Enterprises (NAICS 55) are excluded to avoid double counting of assets. These enterprises are typically holding companies whose most significant assets are investments in affiliated enterprises. As well, enterprises classified under NAICS 526 (Funds and other financial vehicles) are excluded.

Measurements

  • Canadian dollar at current prices May 12, 2003 to current

Relation to previous version

  • Gain (or loss) of enterprise (financial statistics) May 11, 2016 to current

    This is the current version.

Date modified: