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8. Statement 807: Socio-economic Development Contributions for QSE's


8. Statement 807: Socio-Economic Development Contributions for QSE's
8.1 The QSE Socio-Economic Development (SED) Scorecard
8.1.1 In calculating the compliance of a Measured Entity the following Net Profit After Tax (NPAT) target applies unless: the company does not make a profit last year or on average over the last five years. the net profit margin is less than a quarter of the norm in the industry.
8.1.2 If the Turnover is to be used, the target will be set at: 1.5 % x Indicative Profit Margin (NPAT/Turnover) x Turnover.
8.1.3 The following table represents the criteria and method used for deriving a score for socio-economic development under this statement:



Weighting Points

Compliance Target

Average annual value of all Socio-Economic Development Contributions and Approved Socio-Economic Development Contributions made by the Measured Entity as a percentage of the target.


1.5% of NPAT


8.2 Key Measurement Principles
8.2.1 Measured Entities receive recognition for any Qualifying Contributions that are quantifiable as a monetary value using a Standard Valuation Method.
8.2.2 Qualifying Contributions of any Measured Entity are recognisable; from the commencement date of this statement, or an earlier date chosen by the Measured Entity (the Inception Date); until the date of measurement, No portion of the value of any Qualifying Contribution that is payable to the beneficiary after the date of measurement can form part of any calculation under this statement.
8.2.3 Payments made by the Measured Entity to third parties to perform social development on the Measured Entity's behalf may constitute a SED Contribution.
8.2.4 The recognition of SED Contributions must be determined in accordance with code 700.
8.2.5 Sector Specific Contributions:
8.2.6 Sector Specific Contributions are recognised on the basis set forth in the Sector Code governing them.