Results of the European Chemical Industry 2015 Ivan Souček Erasmus Enterprise Economics, 2015

Glossary of used terms Sales: activity related to selling or the amount of goods (products) or services sold in a given time period. Sales of the company are expressed in money currency as part of Profit and Loss Account (Income Statement) Export: shipping of goods and services out of the jurisdiction of a country. For purpose of statistics Export is expressed in money currency or physical units by products. Import: shipping of goods and services brought into a jurisdiction of a country, especially across a national border from an external source. Import is expressed in money currency or physical units by products. Production Index: economic indicator which measures the real production output of manufacturing, mining, and utilities (usually sales of product). For purpose of statistics it is ratio between two years Capacity utilization: the extent to which enterprise or industrial cestor actually uses its installed productive capacity. It is the ratio between output that is actually produced with the installed equipment, and the potential output which could be produced if capacity was fully used.

Glossary of used terms Energy cost: part of Operational cost (OPEX) related to consumption of enrgy (fuel, heat, electricity) as part of Profit and Loss Account (Income Statement) expressed in money currency Fuel consumption: consumption of fuel (as part of Energy consumption) expressed in physical units (usually in mtoe: million ton of oil equivalent). Power consumption: consumption of electricity (as part of Energy consumption) expressed in physical units. (usually in kWh). Labout cost: part of Operational cost (OPEX) related to all personal cost covered by company (salaries or wages, insurance paid by company, severance payments and compensations) as part of Profit and Loss Account (Income Statement) expressed in money currency Regulatory cost: cost spent by company (industrial sector) for fulfilment of legal legislation Capital spending (Capital expenditure or capital expense or CAPEX): means acquired or upgraded physical assts such as property, land, industrial buildings or equipment. It is reported in Balance Sheet. Research and Development (R&D) spending: means cost invested into innovations, research and development. It is reported in Balance Sheet (if long term) or in Income Statement (if short-term)).

Glossary of used terms Employment: number of people employed in the company or industrial sector. It is a relationship between two parties (employer and employee) usually based on a contract. Labour poductivity (Workforce productivity) is the amount of goods (products) and services that employees produce in a given amount of time. Labour productivity is a measure for an organization or company, a process, an industry calculated as Sales/number of employees. Energy Intensity: measure of energy efficiency of a company or industrial sector. It is calculated as units of energy (expressed in physical units or money currency)/sales. R&D Intensity: measure of Research and Development efficiency of a company or industrial sector. It is calculated as money spent for R&D/sales. Investment Intensity: measure of Investment efficiency of a company or industrial sector. It is calculated as money spent for Investment/sales.