Statistics on manufacturing and trade inventories: documentation of statistics

Data description (SIMS 3.1)

The statistics on manufacturing and trade inventories describe the current priced values of inventories of manufacturing and trade enterprises by industry. The statistics are compiled from data on individual enterprises.

Concepts and definitions (SIMS 3.4)

Finished goods

Goods that have been produced by an enterprise and are ready to be sold as such.

Goods for resale

All materials, goods and supplies an enterprise has bought for the purpose of selling them on as they are.

Inventories

Current assets refer to commodities intended for assignment or consumption as such or after further processing. Current assets are divided into materials and supplies, work in progress, finished goods, other current assets and advance payments. Materials and supplies refer to the commodities which have been acquired for the purpose of manufacturing current assets by a party obliged to keep books and engaged in manufacturing or service provision. These commodities include the raw materials and materials and auxiliary substances used in the production of goods or services. Work in progress refers to commodities intended for sale or for use in service production, whose manufacturing process is not finished at the time of the closing of the accounts (semi-finished goods). Finished goods refer to self manufactured commodities that can be assigned, sold or used in service production. Goods refer to commodities from external suppliers that are intended for sale or for use in service production as they are. Other current assets refer to commodities bought or manufactured for the purpose of selling them as such or after further processing which are not included in the above mentioned current assets items. Other current assets may include, among others, lots or other property intended for sale which have been transferred from fixed assets to current assets. Advance payments refer to purchase prices or parts thereof paid to the supplier of current assets commodities before receiving the commodities.

Materials and supplies

Raw materials, semi-finished products, parts and other commodities intended for use in own production. This group also comprises packaging materials and materials and auxiliary substances, such as grinding stones, drill bits and explosives that are used in own production but not transferred as such into final products. In addition, fuels and lubricants used in own production or consumption also come under this group.

Statistics on manufacturing inventories

Describe the value of inventories of enterprises in the industry of manufacturing (TOL D) at the end of a quarter. Inventories are divided into four groups: materials and supplies, fuels and lubricants, work in progress, finished goods and goods for resale. When the statistics are published, materials and supplies and fuels and lubricants are combined.

Value of inventories

Value of inventories includes all goods that according to a company's book-keeping form its current assets. According to Section 4 of the Book-keeping Act (1336/1997), current assets refer to commodities intended for assignment or consumption as such or after further processing. Inventories also include purchases of goods abroad and binding purchase agreements where they represent the company's current assets. Inventories arising from commissioned work are reported by the commissioning company.

Work in progress

All goods on which work is still going on. Included are also semi-finished goods which the enterprise intends to process further, as well as unfinished goods intended for sales.

Institutional mandate (SIMS 6)

Quality assurance (SIMS 11.1)

Release calendar (SIMS 8.1)

User access (SIMS 8.3)

Confidentiality - policy (SIMS 7.1)