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Statistical Terms

Balance at the end of year

Definition
  • Refers to the balance by the book value on the December 31st of the survey reference year
Commentary
  • In absence of a book value or if it is unrealistic, it refers to the estimated market value.
  • Balance at the end of year = Balance at the beginning of year + Annual increases - Annual decreases - Annual depreciation cost
Source KOSTAT (Economic Census and other)
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