S.111 Non-financial corporations, excl. housing corporations

The sector non-financial corporations consists of institutional units that can be regarded as independent legal entities and which are market producers and whose principal activity is the production of goods and non-financial services. The non-financial corporations sector also includes non-financial quasi-corporations.

The sector non-financial corporations covers the following institutional units:
• Private and public corporations, co-operatives, partnerships and public producers that are principally market producers engaged in the production of goods and non-financial services;
• Non-profit institutions or associations serving non-financial corporations and household’s business activities, which are recognised as independent
legal entities;
• Head offices controlling a group of corporations where the predominant type of activity of the whole group – measured on the basis of value added – is the production of goods and non-financial services;
• Special Purpose Entities (SPEs), whose principal activity is the production of goods and non-financial services;
• Private and public quasi-corporations which are market producers principally engaged in the production of goods and non-financial services. Non-financial quasi-corporations must keep enough information to enable a complete
set of accounts to be drawn up and they are operated as if they were corporations. The de factor relation to their owner is that of a corporation to their shareholders.
• Notional resident units that are treated as quasi-corporations. Notional resident units include:
• Those parts of a non-resident economic unit which have a centre of predominant
economic interest (that is, in most cases which engage in economic production for a year or more) on the economic territory of the country;
• Non-resident economic units in their capacity as owners of land or buildings on the economic territory of the country, but only in respect of transactions affecting such land or buildings. [0]

...