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HOLDING CORPORATIONS - ESA

Statistics Directorate    
French Equivalent: Sociétés holdings - SEC

Definition:
Holding corporations are institutional units whose main function is to control and direct a group of subsidiaries.

Context:
Entities forming part of a group of units engaged in production and keeping a complete set of accounts are deemed to be institutional units even if they have partially surrendered their autonomy of decision to the central body (the holding corporation) responsible for the general direction of the group; the holding corporation itself is deemed to be an institutional unit distinct from the units which it controls, unless (b) below is applicable. Holding corporations (i.e. corporations which direct a group of companies) are classified as follows:

a) 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;

b) in sector S.12, financial corporations, if the preponderant type of activity of the group of corporations as a whole is financial intermediation.
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Source Publication:
ESA 2.13e
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Cross References:
Holding corporations – SNA

Version Indicator: ESA

Statistical Theme: National accounts

Created on Tuesday, September 25, 2001

Last updated on Tuesday, April 16, 2002