The Account Statistics for Fishery covers the commercial fishery by fishing vessels registered in Denmark. The statistics is based on vessel units and is calculated for groups of fishing vessels (fleet segments) based on vessel size and main gear use.
The Account statistics for fishery specify the factor input, production and sales revenue (value of landings), costs and operating profit, together with assets, liabilities investment and financing. The results are calculated per vessel unit. The statistic is presented for the whole population, for vessel length groups, and for vessels grouped by length and fishing type.
The statistics is grouped by length and by combinations of length and fishing type.
The length groups are: less than 12 m / 12.0-14.99 m / 15.0-17.99 m / 18.0-23.99 m / 24.0-39.99 m / 40 m and above
The fishing types are: Netters / Danish seiners / Trawlers / Combined Net/Seine/Trawl / Industrial trawlers / Consumption Trawlers / Mixed Trawl / Purse Seine / Shrimpers / Mussel dredgers
The Account Statistic covers commercial fishery by fishing vessels registered in Denmark. All company owned and personally owned fishing vessels are included. For the Danish national statistic a threshold is used to separate less active vessels from the population.
Degree of profitability: Operating profit minus Remuneration to owners as per cent of the average Fixed assets for the year.
Assets: Fixed assets and financial assets. Fixed assets are measured by net book value, which is basically the difference between the historical cost of the asset and its associated depreciation. An exception is the value of fishing rights which is calculated using yearly estimated shadow prices for each fish species/quota stocks. Calculation of the capital value of fishing rights have been subject to changes from the first handing out of individual quotas to fishing firms (VQS vessel quota shares).
Gross output: Gross output consist mainly the total value of the production (value of landings) but include also other fishery income such as additional payment from co-operative enterprises. payment between partners in case of pair trawling, subsidies for instance due to temporary decommission, compensation for participation in research fishery, or income from rent out of quotas within the year.
Other sources includes secondary fishing income such as leasing or rent out of vessels or other operative assets, salvage money etc. Provisions (fish for own consumption) is calculated for owner and crew.
Costs: Costs include fuel, ice, provisions and stores, landings and sales costs, rent, insurance and administration etc., maintenance, depreciations and wage expenses.
Net profit: Net profit is the result after financial expenses and company taxes. Net profit provide remuneration to owners and return on net capital.
Investment: Investment for the year, purchase minus sale of fixed assets.
Operating margin: Operating profit minus Remuneration to owners as a per cent of Gross output
Liabilities: Liabilities include owner´s equity, fixed or long-term liabilities (bonds, mortgages and loans), amounts payable (trade accounts) and other current liabilities (to lenders/bankers).
Operating profit: Gross output minus Cost (operating expenses) = Result before Financial expenditures.
Solvency: Net capital (Owner's equity) as per cent of Total assets, end of year.
The accounting unit is a production unit, which in most cases constitute one separately operating fishing vessel with its own crew. The units are constructed by a thorough examination of the complete fishing vessel register together with the register of fishing activity and landings for the year. At first all register entities (fishing vessel version from start data to end date) together with production data is assembled by owner. Subsequently are those vessel versions that forms independent units separated. An independent unit should have a registered vessel for at least 6 month and a total value of catches for the year above the threshold level. Thus a fishing vessel can only be primary vessel in one production unit, which is important, because the physical characteristics of the primary vessel (overall length and engine power) are used as characteristics for the production unit.
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The population covers 98 per cent of the total value of Danish fishery. The population is cut off by a threshold on minimum value of catches for the year. From the accounting year 2012 the threshold has been fixed at DKK 270,000 (approx. EUR 36,270).
Before 2012 the threshold has been calculated from a combined weighted index (Fishers Index) based on three years average price on 45 fish species. The total revenue for the individual unit measured in Standard Catch Value (= quantity multiplied by average price) determine whether a unit is included in the population for the year. The threshold for the years 1996 to 2011 in DKK: 149880, 158715, 178755, 191055, 195600, 201090, 219195, 230280, 224340, 216735, 229050, 252720, 261795, 245880, 254550, 271305.
Account statistics for Fishery is available on StatBank Denmark from 2009 onward. Earlier years (1996-) is available on StatBank Denmark archive.
Different units for different variables. Economic variables in Danish crown DKK. Factor input: Vessel capacity in Gross tonnage and over all length in meters. Diesel oil in liters. Effort and labour in Days at Sea and Man*hour. Catches in kilogram (live weight)
Reference period is the calendar year.
The Ministry of Food, Agriculture and Fisheries has the authority given by the Danish Fisheries act to collect the data, and have by agreement of April 23rd 2009 delegated the compilation of the statistics to Statistics Denmark.
Council Regulation (EC) no. 199/2008 (former Council Regulation (EC) no. 1543/2000) on collection of economic data for fisheries. Commission Regulation no. 665/2008 specify the detailed rules for application. Before 2008 rules for application is specified in Commission Regulation no. 1639/2001 with revisions in Commission Regulation no. 1581/2004.
An individual cost of participation has not been estimated, as participation is optional. The accounting form is completed by the fisherman's accountant, who is guaranteed a fixed compensation for each completed account.
Continued from 2.05 Statistical unit: The account for a unit covers all economic activities during the operating year for the production unit, also for production units (vessels) that have shared ownership (joint owners/partners).
Production units with yearly revenue less than the threshold and units that are registered active less than six months during the year are placed in the residual population, for which no collection of accounts take place. Register data is available for all units in the residual population, and those are used for calculation of complementary data to produce the yearly Fleet Economic Report to EU (DG Mare). The Regulation on collection of fishery data does not permit use of threshold; therefore all production units must be included in the report, even units which have landed fish for only a few EUR.
For further information contact Statistics Denmark.