Topics
Concept
Label
Purchases and operating expenditure
en-NZ
Description
Purchases and operating expenditure are something obtained, especially for a price in money or its equivalent.
The following are included:
- •purchases of goods, fuels, and materials (whether for production or resale)
- •general expenses (eg advertising, freight, insurance, motor vehicle, rates, rent, repairs, utilities)
- •management fees and payments to other businesses or divisions
- •payments to welfare and superannuation schemes (eg ACC, KiwiSaver)
- •royalties and patent fees.
While these are excluded:
•interest, dividends, donations, and bad debts •excise duty, fringe benefit tax, and road user charges •extraordinary items (eg exchange rate losses, losses on sales of fixed assets) •depreciation.
en-NZ