Explanatory Notes on Main Statistical  Indicators

Statistical Unit in  Construction  refers to corporate enterprise engaged in the construction of buildings and structures and in the installation of equipmentA corporate construction enterprise should meet the following 3 requirements:①being set up in line with relevant legal basishaving its full nameorganization and locationand capable of taking civil liabilities;②independently possessing and using its assets and assuming its liabilitiesand entitled to sign contracts with other institutionsandmaking independent accounts of its profits and lossesand capable of compiling its own balance sheet.

Gross Output Value of Construction (Output Value of Projects Under Constructionrefers to total of construction products, expressed in money terms, completed by construction and installation enterprises during a given period of time. It includes:

1Output value of construction projectsthat is the value of projects covered by the project budgets;

2Output value of installation projectsthat is the value of the installation of equipment, (excluding the value of the equipment to be installed)

3Output value of repair of buildings and structuresthat is the value created through the repairs of buildings or structuresbut does not include the value of buildings or structures being repaired and the value of the repair of production equipment;

4Output value of manufactured non-standard equipmentthat is the value of non-standard production equipmentincluding raw materials and manufacturing costmade for the construction projectand the equipment manufactured by subsidiary workshops

Value-added of Construction refers to the final result of the activities of production and management of construction in monetary terms in the reference period. At present, the value-added of construction is calculated with the income approach. In other words, it is the sum of income of various production factors in the production process. The formula is as follows:

Value-added of construction=depreciation of fixed assets in the year+wages payable+welfare expenses payable+insurance premium and tax for waiting for employment in the administrative expenses + taxes and surcharges on project settlement + profit gained from project settlement.

Floor Space of Buildings Under Construction refers to floor space of buildings under construction during the reference periodincluding newly started buildingsbuildings started earlier and continued during the reference periodand buildings suspended earlier but restarted during the reference period, buildings completed during the reference period, and buildings under construction and then suspended during the reference period.

Floor Space of Buildings Completed refers to the floor space of buildings that are completed in the reference period in accordance with the requirements of the design, up to the standard for putting them into use, and have been checked and accepted by concerned departments as qualified ones.

Total Number of Machinery and Equipment Owned by the End of Year refers to the number of machines and equipment owned by the enterprises, and listed as the fixed assets of the enterprises by the end of the yearincluding machinery and equipment for constructionproduction and transportation

Total Power of Machinery and Equipment Owned by the End of Year refers to the total power of machinery and equipment owned by the enterprisesand listed as the fixed assets of the enterprises by the end of the yearincluding machinery and equipment for constructionproduction and transportationThe power of the machinery is calculated on basis of the designed or verified capacitycovering the power of the machineryequipment and the separate power equipment serving the machineryequipmentsuch as electric motors),but excluding welders, transformers and boilersThe unit used for the calculation of power is kilowattwith horsepower converted to kilowatt by 1 horsepower0.735 kilowatt.

Income from Settlement of Projects refers to the income received by the construction enterprise from the contracted project through settlement procedures, and other charges to the contractoree as operational costs in addition to the value of the projectsuch as temporary facility feelabour insurance premiummoving cost of construction equipmentas well as various types of claims to the contractee

Profit from Settlement of Projects refers to profit realized through settled projects. It is calculated with the following formula:

Profit from Settlement of ProjectsIncome from Settlement of Projects-Settled Cost-Settled Taxes and Other Cost

Total Revenue of Enterprises refers to the sum of income from production and operation of enterprisesincluding income from settlement of projects and other operational incomenamely:

Total Revenue of Enterprises Income from Settlement of Projects Other Operational Income