Glossary:Gross operating surplus - SBS
From Statistics Explained
Gross operating surplus or profits is defined, in the context of structural business statistics, as total turnover minus personnel costs. It is generated by operating activities after the labour factor input has been recompensed.
Gross operating surplus can be calculated from value added at factor cost. It is the balance available to a unit which allows it to recompense the providers of own funds and debt, to pay taxes and eventually to finance all or a part of its investment.
Income and expenditure classified as financial or extraordinary in company accounts is excluded from gross operating surplus.
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