Sector classification of producers units for main standard legal forms of ownership

2.94 . Private and public corporations which are market producers are classified as follows:

1. those principally engaged in the production of goods and non-financial services: in sector S.11, non-financial corporations (see paragraph 2.23a);
2. those principally engaged in financial intermediation and auxiliary financial activities: in sector S.12, financial corporations (see paragraphs 2.40a and 2.40f).

2.95 Co-operatives and partnerships recognised as independent legal entities and which are market producers are classified as follows:

1. those principally engaged in the production of goods and non-financial services: in sector S.11, non-financial corporations (see paragraph 2.23b);
2. those principally engaged in financial intermediation and auxiliary financial activities: in sector S.12, financial corporations (see paragraph 2.40b).

2.96 Public producers which by virtue of special legislation are recognised as independent legal entities and which are market producers are classified as follows:

1. those principally engaged in the production of goods and non-financial services: in sector S.11, non-financial corporations (see paragraph 2.23c);
2. those principally engaged in financial intermediation and auxiliary financial activities: in sector S.12, financial corporations (see paragraph 2.40c).

2.97 Public producers not recognised as independent legal entities and which are market producers are classified as follows:

1. if they are quasi-corporations (see paragraph 2.13f):

   (1) those principally engaged in the production of goods and non-financial services: in sector S.11, non-financial corporations (see paragraph 2.23f);

   (2) those principally engaged in financial intermediation and financial auxiliary activities: in sector S.12, financial corporations (see paragraph 2.40g).

2. if they are not quasi-corporations: in sector S.13, general government, as they remain an integral part of the units which control them (see paragraph 2.69a).

1. those which are market producers and principally engaged in the production of goods and non-financial services: in sector S.11, non-financial corporations (see paragraph 2.23d);
2. those principally engaged in financial intermediation and auxiliary financial activities: in sector S.12, financial corporations (see paragraph 2.40d);
3. those which are non-market producers:

   (1) in sector S.13, general government, if they are public producers controlled and mainly financed by general government (see paragraph 2.69b);

   (2) in sector S.15, non-profit institutions serving households, if they are private producers (see paragraph 2.87).

2.99. Sole proprietorships and partnerships not recognised as independent legal entities and which are market producers are classified as follows:

1. if they are quasi-corporations (see paragraph 2.13f):

   (1) those principally engaged in the production of goods and non-financial services: in sector S.11, non-financial corporations (see paragraph 2.23f);

   (2) those principally engaged in financial intermediation and financial auxiliary activities in sector S.12 financial corporations (see paragraph 2.40g).

2. if they are not quasi-corporations, they are classified in sector S.14, households (see paragraph 2.75).

2.100 Holding corporations (i.e. corporations which direct a group of companies) are classified as follows:

1. in sector S.11, non-financial corporations, if the preponderant type of activity of the group of corporations which are market producers, as a whole is the production of goods and non-financial services (see paragraph 2.23e);
2. in sector S.12, financial corporations, if the preponderant type of activity of the group of corporations as a whole is financial intermediation (see paragraph 2.40r).

2.101 The Table 2.3 illustrates in schematic form the various cases which are enumerated above.