Economic importance of the Flemish maritime ports: Report 2002

Some companies belonging to this group are thus located outside the ports. In chapter 3, overall figures for VA,employment and investment are given in the form of comparisons between the four port areas and the periphery.This latter groups together the companies not belonging to any port area. Just under 400 small companies fromthe maritime cluster were thus selected in 2002 despite the fact that they were located outside the port areas.In chapter 4, where the same results are given for each port individually, employment, VA and investment forcompanies located outside of the ports are allocated by means of the allocation key « weight of each port’s VA bySUT branch ». 67 The figures for the allocation, although broken down by sector within the maritime cluster, ofwhich the relevant companies form a part, are given for information.4 Direct effects4.1 Value added (VA) at current prices 68• Private companiesVA is made up of the following elements taken from the consolidated annual accounts:• Staff costs: headings 62 (remuneration, social security and pensions) and 617 (costs to the enterpriseassociated with temporary staff and persons placed at the enterprise's disposal; this heading is, however,only counted after calculation of indirect effects, see comment on the following point) 69 ;• Depreciation: headings 630 (depreciation of, and other amounts written off formation expenses, intangibleand tangible fixed assets), 631/4 (amounts written off) and 635/7 (provisions for liabilities and charges);• Other costs: heading 640/8 (other operating charges) less heading 649 (operating charges carried to assetsas restructuring costs);• Company results: heading 70/64 (operating profit) or 64/70 (operating loss, negative);• Operating subsidies: heading 740 (negative).The method of calculating VA differs somewhat from that applied in the national accounts, particularly in terms ofconsidering depreciation.For companies established in more than one location, the total VA is distributed by subsidiary, according to NAIdata on employment by location.• Public companies 70Here, we proceeded on the basis of surveys and by adding together headings 62 and 617, taking into accountpossible increases. The VA of public companies is calculated by the sum of staff costs, corrected to take annualamendments to the national accounts into account for the branches in question.4.2 Employment• Private companiesAverage staff numbers for 1995 were obtained on the basis of heading 9090. Since 1996, this has been replacedby headings 9086 (total number of employees at the closing date) and 9087 (average number of employeescalculated in FTE). Heading 9097 is added for temporary staff, the costs of which are included in heading 617,defined above. Staff placed at the disposal of port companies comprises almost exclusively blue-collar portworkers, who also appear in the staff numbers of their employer: CEPA, CEPG, CEWEZ or CEWO 71 . This mustbe taken into account in order to avoid double counting.6768697071More detail in point 6 of this annex.The current price approach was chosen because the price deflator values were not established for all SUT branches in2002. There may be considerable variation in these figures from one branch to another and an overall correction was thusnot appropriate.Headings 62 and 617 correspond to employment headings 9087 and 9097 respectively.In contrast with previous editions of the report, the SNCB and port authorities are no longer considered as public companiesgiven that they are not listed in the National Accounts under the public services branch but under NACE-Bel branches60.100 and 63.220 respectively.The Centrale der Werkgevers aan de Haven van Antwerpen, Centrale der Werkgevers aan de Haven van Gent, Centraleder Werkgevers aan de Haven van Zeebrugge and Centrale der Werkgevers aan de Haven van Oostende respectively.NBB WORKING PAPER No. 56 - JUNE 2004 77