Definition: Company products
Company products are part of wages and salaries in kind and are supplied free of charge for private use or sold to staff below cost price, taking any profits into account. For example, food and drink, excluding expenditure on canteens and meal vouchers, coal, gas, electricity, fuel oil, heating, footwear and clothing, excluding working clothes, micro-computers, etc.
The net price to the enterprise should be entered, i.e. the cost price of products supplied free of charge or the difference between the cost price and the price at which the products are sold to staff. Compensatory payments or benefits in kind which are not taken up must also be entered.
Community statistics on the level and structure of labour costs 1996 - List, definition and breakdown of the variables, p.6