INHALT

Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union Text with EEA relevance

REGULATION
(EU) No 549/2013
OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
of 21 May 2013
on the European system of national and regional accounts in the European Union
(Text with EEA relevance)
Article 1
Subject matter
Article 2
Methodology
Article 3
Transmission of data to the Commission
Article 4
Quality assessment
Article 5
Date of application and of first transmission of data
Article 6
Derogations
Article 7
Exercise of the delegation
Article 8
Committee
Article 9
Cooperation with other committees
Article 10
Transitional provisions
Article 11
Reporting on implicit liabilities
Article 12
Review
Article 13
Entry into force
ANNEX A
CHAPTER 1
GENERAL FEATURES AND BASIC PRINCIPLES
GENERAL FEATURES
Globalisation
USES OF THE ESA 2010
Framework for analysis and policy
Characteristics of the ESA 2010 concepts
Classification by sector
Satellite accounts
The ESA 2010 and the 2008 SNA
The ESA 2010 and the ESA 95
BASIC PRINCIPLES OF THE ESA 2010 AS A SYSTEM
Statistical units and their groupings
Institutional units and sectors
Local KAUs and industries
Resident and non-resident units; total economy and rest of the world
Flows and stocks
Flows
Transactions
Properties of transactions
Interactions versus intra-unit transactions
Monetary versus non-monetary transactions
Transactions with and without counterparts
Rearranged transactions
Rerouting
Partitioning
Recognising the principal party to a transaction
Borderline cases
Other changes in assets
Other changes in the volume of assets and liabilities
Holding gains and losses
Stocks
The system of accounts and the aggregates
Rules of accounting
Terminology for the two sides of the accounts
Double entry/quadruple entry
Valuation
Special valuations concerning products
Valuation at constant prices
Time of recording
Consolidation and netting
Consolidation
Netting
Accounts, balancing items and aggregates
The sequence of accounts
The goods and services account
The rest of the world account
Balancing items
A diagram of the sequence of accounts
Aggregates
GDP: a key aggregate
The input-output framework
Supply and use tables
Symmetric input-output tables
CHAPTER 2
UNITS AND GROUPINGS OF UNITS
THE LIMITS OF THE NATIONAL ECONOMY
THE INSTITUTIONAL UNITS
Head offices and holding companies
Groups of corporations
Special purpose entities
Captive financial institutions
Artificial subsidiaries
Special purpose units of general government
THE INSTITUTIONAL SECTORS
Table 2.1 —
Sectors and subsectors
Diagram 2.1 —
Allocation of units to sectors
Table 2.2 —
Type of producer and principal activities and functions classified by sector
Non-financial corporations (S.11)
National private non-financial corporations (S.11002)
Foreign controlled non-financial corporations (S.11003)
Financial corporations (S.12)
Financial intermediaries
Financial auxiliaries
Financial corporations other than financial intermediaries and financial auxiliaries
Institutional units included in the financial corporations sector
Subsectors of financial corporations
Combining subsectors of financial corporations
Subdividing subsectors of financial corporations into public, national private and foreign controlled financial corporations
Table 2.3 —
Financial corporations sector and its subsectors
Central bank (S.121)
Deposit-taking corporations except the central bank (S.122)
MMF (S.123)
Non-MMF investment funds (S.124)
Other financial intermediaries, except insurance corporations and pension funds (S.125)
Table 2.4 —
Other financial intermediaries, except insurance corporations and pension funds subsector (S.125) and its subdivisions
Other financial intermediaries, except insurance corporations and pension funds
Financial vehicle corporations engaged in securitisation transactions (FVC)
Security and derivative dealers, financial corporations engaged in lending and specialised financial corporations
Financial auxiliaries (S.126)
Captive financial institutions and money lenders (S.127))
Insurance corporations (S.128)
Box 2.1 —
Types of insurance
Pension funds (S.129)
General government (S.13)
Central government (excluding social security funds) (S.1311)
State government (excluding social security funds) (S.1312)
Local government (excluding social security funds) (S.1313)
Social security funds (S.1314)
Households (S.14)
Employers and own-account workers (S.141 and S.142)
Employees (S.143)
Recipients of property income (S.1441)
Recipients of pensions (S.1442)
Recipients of other transfers (S.1443)
Non-profit institutions serving households (S.15)
Rest of the world (S.2)
Sector classification of producer units for main standard legal forms of ownership
Table 2.5 —
Sector classification of producer units for main standard legal forms of ownership
LOCAL KIND-OF-ACTIVITY UNITS AND INDUSTRIES
The local kind-of-activity unit
Industries
Classification of industries
UNITS OF HOMOGENEOUS PRODUCTION AND HOMOGENEOUS BRANCHES
The unit of homogeneous production
The homogeneous branch
CHAPTER 3
TRANSACTIONS IN PRODUCTS AND NON-PRODUCED ASSETS
TRANSACTIONS IN PRODUCTS IN GENERAL
PRODUCTION AND OUTPUT
Principal, secondary and ancillary activities
Output (P.1)
Institutional units: distinction between market, for own final use and non-market
Table 3.1 —
The distinction between market producers, producers for own final use and non-market producers for institutional units
Time of recording and valuation of output
Products of agriculture, forestry and fishing (Section A)
Manufactured products (Section C); construction work (Section F)
Wholesale and retail trade services; repair services of motor vehicles and motorcycles (Section G)
Transportation and storage (Section H)
Accommodation and food services (Section I)
Financial and insurance services (Section K): output of the central bank
Financial and insurance services (Section K): financial services in general
Financial services provided for direct payment
Financial services paid for through loading interest charges
Financial services consisting of acquiring and disposing of financial assets and liabilities in financial markets
Financial services provided in insurance and pension schemes, where activity is financed by loading insurance contributions and from the income return on savings
Real estate services (Section L)
Professional, scientific and technical services (Section M); Administrative and support services (Section N)
Public administration and defence services, compulsory social security services (Section O)
Education services (Section P); human health and social work services (Section Q)
Arts, entertainment and recreation services (Section R); other services (Section S)
Private households as employers (Section T)
INTERMEDIATE CONSUMPTION (P.2)
Time of recording and valuation of intermediate consumption
FINAL CONSUMPTION (P.3, P.4)
Final consumption expenditure (P.3)
Actual final consumption (P.4)
Table 3.2 —
Sector making expenditure
Time of recording and valuation of final consumption expenditure
Time of recording and valuation of actual final consumption
GROSS CAPITAL FORMATION (P.5)
Gross fixed capital formation (P.51g)
Time of recording and valuation of gross fixed capital formation
Consumption of fixed capital (P.51c)
Changes in inventories (P.52)
Time of recording and valuation of changes in inventories
Acquisitions less disposals of valuables (P.53)
EXPORTS AND IMPORTS OF GOODS AND SERVICES (P.6 and P.7)
Exports and imports of goods (P.61 and P.71)
Exports and imports of services (P.62 and P.72)
Table 3.3 —
The treatment of transportation of exported goods
Table 3.4 —
The treatment of transportation of imported goods
TRANSACTIONS IN EXISTING GOODS
ACQUISITIONS LESS DISPOSALS OF NON-PRODUCED ASSETS (NP)
CHAPTER 4
DISTRIBUTIVE TRANSACTIONS
COMPENSATION OF EMPLOYEES (D.1)
Wages and salaries (D.11)
Wages and salaries in cash
Wages and salaries in kind
Employers' social contributions (D.12)
Employers' actual social contributions (D.121)
Employers' imputed social contributions (D.122)
TAXES ON PRODUCTION AND IMPORTS (D.2)
Taxes on products (D.21)
Value added type taxes (VAT) (D.211)
Taxes and duties on imports excluding VAT (D.212)
Taxes on products, except VAT and import taxes (D.214)
Other taxes on production (D.29)
Taxes on production and imports paid to the institutions of the European Union
Taxes on production and imports: time of recording and amounts to be recorded
SUBSIDIES (D.3)
Subsidies on products (D.31)
Import subsidies (D.311)
Other subsidies on products (D.319)
Other subsidies on production (D.39)
PROPERTY INCOME (D.4)
Interest (D.41)
Interest on deposits and loans
Interest on debt securities
Interest on bills and similar short-term instruments
Interest on bonds and debentures
Interest rate swaps and forward rate agreements
Interest on financial leases
Other interest
Time of recording
Distributed income of corporations (D.42)
Dividends (D.421)
Withdrawals from the income of quasi-corporations (D.422)
Reinvested earnings on foreign direct investment (D.43)
Other investment income (D.44)
Investment income attributable to insurance policy holders (D.441)
Investment income payable on pension entitlements (D.442)
Investment income attributable to collective investment fund shareholders (D.443)
Rent (D.45)
Rent on land
Rents on subsoil assets
CURRENT TAXES ON INCOME, WEALTH, ETC. (D.5)
Taxes on income (D.51)
Other current taxes (D.59)
SOCIAL CONTRIBUTIONS AND BENEFITS (D.6)
Net social contributions (D.61)
Employers' actual social contributions (D.611)
Employers' imputed social contributions (D.612)
Households' actual social contributions (D.613)
Households' social contribution supplements (D.614)
Social benefits other than social transfers in kind (D.62)
Social security benefits in cash (D.621)
Other social insurance benefits (D.622)
Social assistance benefits in cash (D.623)
Social transfers in kind (D.63)
OTHER CURRENT TRANSFERS (D.7)
Net non-life insurance premiums (D.71)
Non-life insurance claims (D.72)
Current transfers within general government (D.73)
Current international cooperation (D.74)
Miscellaneous current transfers (D.75)
Current transfers to NPISHs (D.751)
Current transfers between households (D.752)
Other miscellaneous current transfers (D.759)
Fines and penalties
Lotteries and gambling
Payments of compensation
VAT- and GNI-based EU own resources (D.76)
ADJUSTMENT FOR THE CHANGE IN PENSION ENTITLEMENTS (D.8)
CAPITAL TRANSFERS (D.9)
Capital taxes (D.91)
Investment grants (D.92)
Other capital transfers (D.99)
EMPLOYEE STOCK OPTIONS (ESOs)
CHAPTER 5
FINANCIAL TRANSACTIONS
GENERAL FEATURES OF FINANCIAL TRANSACTIONS
Financial assets, financial claims, and liabilities
Contingent assets and contingent liabilities
Box 5.1 —
Treatment of guarantees in the system
Categories of financial assets and liabilities
Balance sheets, financial account, and other flows
Valuation
Net and gross recording
Consolidation
Netting
Accounting rules for financial transactions
A financial transaction with a current or a capital transfer as counterpart
A financial transaction with property income as counterpart
Time of recording
A from-whom-to-whom financial account
Table 5.1 —
A from-whom-to-whom financial account for debt securities
CLASSIFICATION OF FINANCIAL TRANSACTIONS BY CATEGORIES IN DETAIL
Monetary gold and special drawing rights (F.1)
Monetary gold (F.11)
SDRs (F.12)
Currency and deposits (F.2)
Currency (F.21)
Box 5.2 —
Currency issued by the Eurosystem
Deposits (F.22 and F.29)
Transferable deposits (F.22)
Other deposits (F.29)
Debt securities (F.3)
Main features of debt securities
Classification by original maturity and currency
Classification by type of interest rate
Fixed interest rate debt securities
Variable interest rate debt securities
Mixed interest rate debt securities
Private placements
Securitisation
Covered bonds
Loans (F.4)
Main features of loans
Classification of loans by original maturity, currency, and purpose of lending
Distinction between transactions in loans and transactions in deposits
Distinction between transactions in loans and transactions in debt securities
Distinction between transactions in loans, trade credit and trade bills
Securities lending and repurchase agreements
Table 5.2 —
Main features of securities lending and repurchase agreements
Financial leases
Other types of loans
Financial assets excluded from the category of loans
Equity and investment fund shares or units (F.5)
Equity (F.51)
Depository receipts
Listed shares (F.511)
Unlisted shares (F.512)
Initial public offering, listing, de-listing, and share buy back
Financial assets excluded from equity securities
Other equity (F.519)
Valuation of transactions in equity
Investment fund shares or units (F.52)
MMF shares or units (F.521)
Non-MMF investment fund shares/units (F.522)
Valuation of transactions in investment fund shares or units
Insurance, pension and standardised guarantee schemes (F.6)
Non-life insurance technical reserves (F.61)
Life insurance and annuity entitlements (F.62)
Pension entitlements (F.63)
Contingent pension entitlements
Claims of pension funds on pension managers (F.64)
Entitlements to non-pension benefits (F.65)
Provisions for calls under standardised guarantees (F.66)
Standardised guarantees and one-off guarantees
Financial derivatives and employee stock options (F.7)
Financial derivatives (F.71)
Options
Forwards
Options vis-à-vis forwards
Swaps
Forward rate agreements (FRAs)
Credit derivatives
Credit default swaps
Financial instruments not included in financial derivatives
Employee stock options (F.72)
Valuation of transactions in financial derivatives and employee stock options
Other accounts receivable/payable (F.8)
Trade credits and advances (F.81)
Other accounts receivable/payable, excluding trade credits and advances (F.89)
ANNEX 5.1
CLASSIFICATION OF FINANCIAL TRANSACTIONS
Classification of financial transactions by category
Table 5.3 —
Classification of financial transactions
Classification of financial transactions by negotiability
Structured securities
Classification of financial transactions by type of income
Table 5.4 —
Classification of financial transactions by type of income
Classification of financial transactions by type of interest rate
Classification of financial transactions by maturity
Short-term and long-term maturity
Original maturity and remaining maturity
Classification of financial transactions by currency
Measures of money
CHAPTER 6
OTHER FLOWS
INTRODUCTION
OTHER CHANGES IN ASSETS AND LIABILITIES
Other changes in the volume of assets and liabilities (K.1 to K.6)
Economic appearance of assets (K.1)
Economic disappearance of non-produced assets (K.2)
Catastrophic losses (K.3)
Uncompensated seizures (K.4)
Other changes in volume not elsewhere classified (K.5)
Changes in classification (K.6)
Changes in sector classification and institutional unit structure (K.61)
Changes in classification of assets and liabilities (K.62)
Nominal holding gains and losses (K.7)
Neutral holding gains and losses (K.71)
Real holding gains and losses (K.72)
Holding gains and losses by types of financial asset and liability
Monetary gold and SDRs (AF.1)
Currency and deposits (AF.2)
Debt securities (AF.3)
Loans (AF.4)
Equity and investment fund shares (AF.5)
Insurance, pension and standardised guarantee schemes (AF.6)
Financial derivatives and employee stock options (AF.7)
Other accounts receivable/payable (AF.8)
Assets denominated in foreign currency
CHAPTER 7
BALANCE SHEETS
TYPES OF ASSETS AND LIABILITIES
Definition of an asset
EXCLUSIONS FROM THE ASSET AND LIABILITY BOUNDARY
CATEGORIES OF ASSETS AND LIABILITIES
Produced non-financial assets (AN.1)
Non-produced non-financial assets (AN.2)
Financial assets and liabilities (AF)
Table 7.1 —
Classification of assets
VALUATION OF ENTRIES IN THE BALANCE SHEETS
General valuation principles
NON-FINANCIAL ASSETS (AN)
Produced non-financial assets (AN.1)
Fixed assets (AN.11)
Intellectual property products (AN.117)
Costs of ownership transfer on non-produced assets (AN.116)
Inventories (AN.12)
Valuables (AN.13)
Non-produced non-financial assets (AN.2)
Natural resources (AN.21)
Land (AN.211)
Mineral and energy reserves (AN.212)
Other natural assets (AN.213, AN.214 and AN.215)
Contracts, leases and licences (AN.22)
Purchases less sales of goodwill and marketing assets (AN.23)
FINANCIAL ASSETS AND LIABILITIES (AF)
Monetary gold and SDRs (AF.1)
Currency and deposits (AF.2)
Debt securities (AF.3)
Loans (AF.4)
Equity and investment fund shares/units (AF.5)
Insurance, pension and standardised guarantee schemes (AF.6)
Financial derivatives and employee stock options (AF.7)
Other accounts receivable/payable (AF.8)
FINANCIAL BALANCE SHEETS
MEMORANDUM ITEMS
Foreign direct investment (AF.m1)
Non-performing loans (AF.m2)
Recording of non-performing loans
ANNEX 7.1
SUMMARY OF EACH ASSET CATEGORY
ANNEX 7.2
A MAP OF ENTRIES FROM OPENING BALANCE SHEET TO CLOSING BALANCE SHEET
CHAPTER 8
THE SEQUENCE OF ACCOUNTS
INTRODUCTION
The sequence of accounts
Table 8.1 —
Synoptic presentation of the accounts, balancing items and main aggregates
Table 8.1 —
Synoptic presentation of the accounts, balancing items and main aggregates (continued)
SEQUENCE OF ACCOUNTS
Current accounts
Production account (I)
Table 8.2 —
Account I: production account
Distribution and use of income accounts (II)
Primary distribution of income accounts (II.1)
Generation of income account (II.1.1)
Table 8.3 —
Account II.1.1: generation of income account
Table 8.3 —
Account II.1.1: generation of income account (continued)
Allocation of primary income account (II.1.2)
Table 8.4 —
Account II.1.2: allocation of primary income account
Table 8.4 —
Account II.1.2: allocation of primary income (continued)
Entrepreneurial income account (II.1.2.1)
Allocation of other primary income account (II.1.2.2)
Table 8.5 —
Account II.1.2.1: entrepreneurial income
Table 8.5 —
Account II.1.2.1: entrepreneurial income (continued)
Table 8.5 —
Account II.1.2.2: allocation of other primary income
Table 8.5 —
Account II.1.2.2: allocation of other primary income (continued)
Secondary distribution of income account (II.2)
Redistribution of income in kind account (II.3)
Table 8.6 —
Account II.2: Secondary distribution of income account
Table 8.6 —
Account II.2: secondary distribution of income account (continued)
Table 8.7 —
Account II.3: redistribution of income in kind account
Use of income account (II.4)
Use of disposable income account (II.4.1)
Use of adjusted disposable income account (II.4.2)
Table 8.8 —
Account II.4.1: use of disposable income account
Table 8.9 —
Account II.4.2: use of adjusted disposable income account
Accumulation accounts (III)
Capital account (III.1)
Change in net worth due to saving and capital transfers account (III.1.1)
Acquisitions of non-financial assets account (III.1.2)
Financial account (III.2)
Table 8.10 —
Account III.1.1: change in net worth due to saving and capital transfers account
Table 8.11 —
Account III.1.2: acquisition of non-financial assets account
Table 8.11 —
Account III.1.2: acquisition of non-financial assets account (continued)
Table 8.12 —
Account III.2: financial account
Table 8.12 —
Account III.2: Financial account (continued)
Other changes in assets account (III.3)
Other changes in volume of assets account (III.3.1)
Revaluation account (III.3.2)
Neutral holding gains and losses account (III.3.2.1)
Real holding gains and losses account (III.3.2.2)
Table 8.13 —
Account III.3.1: other changes in volume of assets account
Table 8.13 —
Account III.3.1: other changes in volume of assets account (continued)
Table 8.14 —
Account III.3.2: revaluation account
Table 8.14 —
Account III.3.2: revaluation account (continued)
Table 8.14 —
Account III.3.2.1: neutral holding gains and losses account
Table 8.14 —
Account III.3.2.1: neutral holding gains and losses account (continued)
Table 8.14 —
Account III.3.2.2: real holding gains and losses account
Table 8.14 —
Account III.3.2.2: real holding gains and losses account (continued)
Balance sheets (IV)
Opening balance sheet (IV.1)
Changes in balance sheet (IV.2)
Closing balance sheet (IV.3)
Table 8.15 —
Account IV.1: balance sheets — opening balance sheet
Table 8.15 —
Account IV.1: balance sheets — opening balance sheet (continued)
Table 8.15 —
Account IV.2: balance sheets — changes in balance sheet
Table 8.15 —
Account IV. 2: balance sheets — changes in balance sheet (continued)
Table 8.15 —
Account IV.3: balance sheets — closing balance sheet
Table 8.15 —
Account IV.3: balance sheets — closing balance sheet (continued)
REST OF THE WORLD ACCOUNTS (V)
Current accounts
External account of goods and services (V.I)
External account of primary incomes and current transfers (V.II)
External accumulation accounts (V.III)
Capital account (V.III.1)
Financial account (V.III.2)
Other changes in assets account (V.III.3)
Balance sheets (V.IV)
Table 8.16 —
Full sequence of accounts for the rest of the world (external transactions account)
Table 8.16 —
Full sequence of accounts for the rest of the world (external transactions account) (continued)
Table 8.16 —
Full sequence of accounts for the rest of the world (external transactions account) (continued)
Table 8.16 —
Full sequence of accounts for the rest of the world (external transactions account) (continued)
Table 8.16 —
Full sequence of accounts for the rest of the world (external transactions account) (continued)
Table 8.16 —
Full sequence of accounts for the rest of the world (external transactions account) (continued)
Table 8.16 —
Full sequence of accounts for the rest of the world (external transactions account) (continued)
GOODS AND SERVICES ACCOUNT (0)
Table 8.17 —
Account 0: goods and services account
INTEGRATED ECONOMIC ACCOUNTS
Table 8.18 —
Integrated economic accounts
Table 8.18 —
Integrated economic accounts
Table 8.18 —
Integrated economic accounts
AGGREGATES
Gross domestic product at market prices (GDP)
Operating surplus of the total economy
Mixed income of the total economy
Entrepreneurial income of the total economy
National income (at market prices)
National disposable income
Saving
Current external balance
Net lending (+) or borrowing (–) of the total economy
Net worth of the total economy
General government expenditure and revenue
CHAPTER 9
SUPPLY AND USE TABLES AND THE INPUT-OUTPUT FRAMEWORK
INTRODUCTION
Table 9.1 —
Schematic outline of a supply table
Table 9.2 —
Schematic outline of a use table
Table 9.3 —
Table linking supply and use tables to sector accounts
Table 9.4 —
Schematic outline of a symmetric input-output table, for products
DESCRIPTION
STATISTICAL TOOL
TOOL FOR ANALYSIS
SUPPLY AND USE TABLES IN MORE DETAIL
Classifications
Valuation principles
Table 9.5 —
Supply table at basic prices, and the transformation into purchasers' prices
Table 9.6 —
Use table at purchasers' prices
Trade and transport margins
Table 9.7 —
Trade and transport margins — supply
Table 9.7 —
Trade and transport margins — use (continued)
Taxes less subsidies on production and imports
Table 9.8 —
Taxes less subsidies on products
Table 9.8 —
Taxes less subsidies on products (continued)
Other basic concepts
Supplementary information
DATA SOURCES AND BALANCING
TOOL FOR ANALYSIS AND EXTENSIONS
CHAPTER 10
PRICE AND VOLUME MEASURES
SCOPE OF PRICE AND VOLUME INDICES IN THE NATIONAL ACCOUNTS
The integrated system of price and volume indices
Other price and volume indices
GENERAL PRINCIPLES OF MEASURING PRICE AND VOLUME INDICES
Definition of prices and volumes of market products
Quality, price and homogeneous products
Prices and volume
New products
Principles for non-market services
Principles for value added and GDP
SPECIFIC PROBLEMS IN THE APPLICATION OF THE PRINCIPLES
Taxes and subsidies on products and imports
Other taxes and subsidies on production
Consumption of fixed capital
Compensation of employees
Stocks of produced fixed assets and inventories
MEASURES OF REAL INCOME FOR THE TOTAL ECONOMY
INTERSPATIAL PRICE AND VOLUME INDICES
CHAPTER 11
POPULATION AND LABOUR INPUTS
TOTAL POPULATION
ECONOMICALLY ACTIVE POPULATION
EMPLOYMENT
Employees
Self-employed persons
Employment and residence
UNEMPLOYMENT
JOBS
Jobs and residence
THE NON-OBSERVED ECONOMY
TOTAL HOURS WORKED
Specifying hours actually worked
FULL-TIME EQUIVALENCE
EMPLOYEE LABOUR INPUT AT CONSTANT COMPENSATION
PRODUCTIVITY MEASURES
CHAPTER 12
QUARTERLY NATIONAL ACCOUNTS
INTRODUCTION
SPECIFIC FEATURES OF QUARTERLY NATIONAL ACCOUNTS
Time of recording
Work-in-progress
Activities concentrated in specific periods within a year
Low-frequency payments
Flash estimates
Balancing and benchmarking of quarterly national accounts
Balancing
Consistency between quarterly and annual accounts — benchmarking
Chain-linked measures of price and volume changes
Seasonal and calendar adjustments
Sequence of compilation of seasonally adjusted chain-linked volume measures
CHAPTER 13
REGIONAL ACCOUNTS
INTRODUCTION
REGIONAL TERRITORY
UNITS AND REGIONAL ACCOUNTS
Institutional units
Local kind-of-activity units and regional production activities by industry
METHODS OF REGIONALISATION
AGGREGATES FOR PRODUCTION ACTIVITIES
Gross value added and gross domestic product by region
The allocation of FISIM to user industries
Employment
Compensation of employees
Transition from regional GVA to regional GDP
Volume growth rates of regional GVA
REGIONAL HOUSEHOLD INCOME ACCOUNTS
Table 13.1 —
Regional household income accounts
CHAPTER 14
FINANCIAL INTERMEDIATION SERVICES INDIRECTLY MEASURED (FISIM)
THE CONCEPT OF FISIM AND THE IMPACT OF THEIR USER ALLOCATION ON MAIN AGGREGATES
CALCULATION OF FISIM OUTPUT BY SECTORS S.122 AND S.125
Statistical data required
Reference rates
Internal reference rate
External reference rates
Detailed breakdown of FISIM by institutional sector
Breakdown into intermediate and final consumption of FISIM allocated to households
CALCULATION OF IMPORTS OF FISIM
FISIM IN VOLUME TERMS
CALCULATION OF FISIM BY INDUSTRY
THE OUTPUT OF THE CENTRAL BANK
CHAPTER 15
CONTRACTS, LEASES AND LICENCES
INTRODUCTION
THE DISTINCTION BETWEEN OPERATING LEASES, RESOURCE LEASES AND FINANCIAL LEASES
Table 15.1 —
The recording of three different types of lease
Table 15.2 —
The recording of three different types of lease, by type of transaction
Operating leases
Financial leases
Resource leases
Permits to use a natural resource
Table 15.3 —
The recording of three different types of permits for the use of natural resources
Permits to undertake specific activities
Table 15.4 —
The recording of the use and purchase of non-financial assets, by type of transaction and flow
Public-private partnerships (PPPS)
Service concession contracts
Marketable operating leases (AN.221)
Entitlements to future goods and services on an exclusive basis (AN.224)
CHAPTER 16
INSURANCE
INTRODUCTION
Direct insurance
Reinsurance
The units involved
OUTPUT OF DIRECT INSURANCE
Premiums earned
Premium supplements
Adjusted claims incurred and benefits due
Non-life insurance adjusted claims incurred
Life insurance benefits due
Insurance technical reserves
Defining insurance output
Non-life insurance
Life insurance
Reinsurance
TRANSACTIONS ASSOCIATED WITH NON-LIFE INSURANCE
Allocation of insurance output among users
Insurance services provided to and from the rest of the world
The accounting entries
Table 16.1 —
Non-life insurance
TRANSACTIONS OF LIFE INSURANCE
Table 16.2 —
Life insurance
TRANSACTIONS ASSOCIATED WITH REINSURANCE
Chart 1 —
Flows between policyholders, direct and indirect insurers
TRANSACTIONS ASSOCIATED WITH INSURANCE AUXILIARIES
ANNUITIES
RECORDING NON-LIFE INSURANCE CLAIMS
Treatment of adjusted claims
Treatment of catastrophic losses
CHAPTER 17
SOCIAL INSURANCE INCLUDING PENSIONS
INTRODUCTION
Table 17.1 —
Social insurance schemes
Social insurance schemes, social assistance and individual insurance policies
Social benefits
Social benefits provided by general government
Social benefits provided by other institutional units
Pensions and other forms of benefit
SOCIAL INSURANCE BENEFITS OTHER THAN PENSIONS
Social security schemes other than pension schemes
Other employment-related social insurance schemes
Recording of stocks and flows by type of non-pension social insurance scheme
Social security schemes
Other employment-related non-pension social insurance schemes
PENSIONS
Types of pension schemes
Social security pension schemes
Other employment-related pension schemes
Defined contribution schemes
Defined benefit schemes
Notional defined contribution schemes and hybrid schemes
Defined benefit schemes as compared to defined contribution schemes
Pension administrator, pension manager, pension fund and multi-employer pension scheme
Recording of stocks and flows by type of pension scheme in social insurance
Transactions for social security pension schemes
Table 17.2 —
Accounts for social contributions and pension benefits paid through social security
Transactions for other employment-related pension schemes
Transactions for defined contribution pension schemes
Table 17.3 —
Accounts for pension benefits payable under a defined contribution scheme
Other flows related to defined contribution pension schemes
Transactions for defined benefit pension schemes
Table 17.4 —
Accounts for pension benefits payable under a defined benefit scheme
SUPPLEMENTARY TABLE FOR ACCRUED-TO-DATE PENSION ENTITLEMENTS IN SOCIAL INSURANCE
Design of the supplementary table
Table 17.5 —
Supplementary table on accrued-to-date pension entitlements in social insurance
The columns of the table
The rows of the table
Table 17.6 —
Rows of the supplementary table on accrued-to-date pension entitlements in social insurance
Opening and closing balance sheets
Changes in pension entitlements due to transactions
Changes to pension entitlements due to other economic flows
Table 17.7 —
Other flows as revaluations and other changes in the volume of assets
Revaluations
Other changes in the volume of assets
Related indicators
Chart 17.1 —
Pension entitlements and their changes
Actuarial assumptions
Accrued-to-date entitlements
Discount rate
Wage growth
Demographic assumptions
CHAPTER 18
REST OF THE WORLD ACCOUNTS
INTRODUCTION
ECONOMIC TERRITORY
Residence
INSTITUTIONAL UNITS
BRANCHES AS A TERM USED IN THE INTERNATIONAL ACCOUNTS OF THE BALANCE OF PAYMENTS
NOTIONAL RESIDENT UNITS
MULTI-TERRITORY ENTERPRISES
GEOGRAPHICAL BREAKDOWN
THE INTERNATIONAL ACCOUNTS OF THE BALANCE OF PAYMENTS
BALANCING ITEMS IN THE CURRENT ACCOUNTS OF THE INTERNATIONAL ACCOUNTS
Table 18.1 —
The international flow accounts of the balance of payments
THE ACCOUNTS FOR THE REST OF THE WORLD SECTOR AND THEIR RELATIONSHIP WITH THE INTERNATIONAL ACCOUNTS OF THE BALANCE OF PAYMENTS
The external account of goods and services
Table 18.2 —
External account of goods and services (ESA V.1)
Table 18.3 —
Goods and services account of the BPM6
Valuation
Goods for processing
Table 18.4 —
The ESA 95 treatment of goods for processing as international trade
Table 18.5 —
The ESA 2010 treatment of goods for processing as international trade
Table 18.6 —
Recording of processing in the BPM6
Merchanting
Goods under merchanting
Imports and exports of FISIM
The external account of primary and secondary income
Table 18.7 —
External account of primary and secondary incomes (ESA V.II)
Table 18.8 —
The primary income account and secondary income account of the BPM6
The primary income account
Direct investment income
The secondary income (current transfers) account of the BPM6
The external capital account
Table 18.9 —
Change in net worth due to current external balance and capital transfers (ESAV.III.1.1)(4)
Table 18.10 —
Acquisition of non-financial assets account (ESA V.III.1.2)
Table 18.11 —
Capital account of the BPM6
The external financial account and international investment position (IIP)
Table 18.12 —
Financial account (ESA V.III.2)
Table 18.13 —
Financial account of the BPM6
Table 18.14 —
Links between the functional categories of the BPM6 and the financial instrument categories of the ESA
BALANCE SHEETS FOR THE REST OF THE WORLD SECTOR
Table 18.15 —
Balance sheets for the rest of the world sector (ESA)
Table 18.16 —
The integrated IIP statement of the BPM6
CHAPTER 19
EUROPEAN ACCOUNTS
INTRODUCTION
FROM NATIONAL TO EUROPEAN ACCOUNTS
Diagram 19.1 —
Aggregation of the national accounts of the Member States
Diagram 19.2 —
European accounts
Conversion of data in different currencies
European institutions
The rest of the world account
Balancing of transactions
Price and volume measures
Balance sheets
‧From whom-to-whom‧ matrices
ANNEX 19.1
THE ACCOUNTS OF EUROPEAN INSTITUTIONS
Resources
Uses
Consolidation
CHAPTER 20
THE GOVERNMENT ACCOUNTS
INTRODUCTION
DEFINING THE GENERAL GOVERNMENT SECTOR
Identification of units in the government
Government units
NPIs classified to the general government sector
Other units of general government
Diagram 20.1 —
Decision tree
Public control
Market/non-market delineation
Notion of economically significant prices
Criteria of the purchaser of the output of a public producer
The market/non-market test
Financial intermediation and the government boundary
Borderline cases
Public head offices
Pension funds
Quasi-corporations
Restructuring agencies
Privatisation agencies
Defeasances structures
Special purpose entities
Joint ventures
Market regulatory agencies
Supranational authorities
The subsectors of general government
Central government
State government
Local government
Social security funds
THE GOVERNMENT FINANCE PRESENTATION OF STATISTICS
Framework
Revenue
Taxes and social contributions
Sales
Box 20.1 —
From the ESA central framework to GFS transactions and aggregates
The ESA central framework
The ESA GFS presentation of statistics
Other revenue
Expenditure
Compensation of employees and intermediate consumption
Social benefits expenditure
Interest
Other current expenditure
Capital expenditure
Link with government final consumption expenditure (P.3)
Government expenditure by function (COFOG)
Table 20.1 —
COFOG, the 10 functions of government
Balancing items
The net lending/net borrowing (B.9)
Changes in net worth due to saving and capital transfers (B.101)
Financing
Transactions in assets
Transactions in liabilities
Other economic flows
Revaluation account
Other changes in volume of assets account
Balance sheets
Consolidation
ACCOUNTING ISSUES RELATING TO GENERAL GOVERNMENT
Tax revenue
Character of tax revenue
Tax credits
Amounts to record
Amounts uncollectible
Time of recording
Accrual recording
Accrual recording of taxes
Interest
Discounted and zero-coupon bonds
Index-linked securities
Financial derivatives
Court decisions
Military expenditure
Relations of general government with public corporations
Equity investment in public corporations and distribution of earnings
Equity investment
Capital injections
Subsidies and capital injections
Rules applicable to particular circumstances
Fiscal operations
Public corporations distributions
Dividends versus withdrawal of equity
Taxes versus withdrawal of equity
Privatisation and nationalisation
Privatisation
Indirect privatisations
Nationalisation
Transactions with the central bank
Restructures, mergers, and reclassifications
Debt operations
Debt assumptions, debt cancellation and debt write-offs
Debt assumption and cancellation
Debt assumption involving a transfer of non-financial assets
Debt write-offs or write-downs
Other debt restructuring
Purchase of debt above the market value
Defeasances and bailouts
Debt guarantees
Derivatives-type guarantees
Standardised guarantees
One-off guarantees
Securitisation
Definition
Criteria for sale recognition
Recording of flows
Other issues
Pension obligations
Lump sum payments
Public-private partnerships
Scope of PPP
Economic ownership and allocation of the asset
Accounting issues
Transactions with international and supranational organisations
Development assistance
THE PUBLIC SECTOR
Table 20.2 —
The public sector and its subsectors
Public sector control
Central banks
Public quasi-corporations
Special purpose entities and non-residents
Joint ventures
CHAPTER 21
LINKS BETWEEN BUSINESS ACCOUNTS AND NATIONAL ACCOUNTS AND THE MEASUREMENT OF CORPORATE ACTIVITY
SOME SPECIFIC RULES AND METHODS OF BUSINESS ACCOUNTING
Time of recording
Double entry and quadruple entry accounting
Valuation
Income statement and balance sheet
NATIONAL ACCOUNTS AND BUSINESS ACCOUNTS: PRACTICAL ISSUES
THE TRANSITION FROM BUSINESS ACCOUNTS TO NATIONAL ACCOUNTS: THE EXAMPLE OF NON-FINANCIAL ENTERPRISES
Conceptual adjustments
Adjustments to achieve consistency with the accounts of other sectors
Examples of adjustments for exhaustiveness
SPECIFIC ISSUES
Holding gains/losses
Globalisation
Mergers and acquisitions
CHAPTER 22
SATELLITE ACCOUNTS
INTRODUCTION
Table 22.1 —
Overview of satellite accounts and their major characteristics
Functional classifications
MAJOR CHARACTERISTICS OF SATELLITE ACCOUNTS
Functional satellite accounts
Table 22.2 —
National expenditure on a function or product
Table 22.3 —
The supply of characteristic and connected products
Table 22.4 —
The use of characteristic and connected products
Special sector accounts
Table 22.5 —
A supply table for key industries and products
Table 22.6 —
A use table for key industries and products
Inclusion of non-monetary data
Extra detail and supplementary concepts
Table 22.7 —
Examples of non-monetary data in satellites
Table 22.8 —
Examples of extra detail in various satellites
Table 22.9 —
Examples of supplementary concepts in various satellites
Different basic concepts
Use of modelling and inclusion of experimental results
Table 22.10 —
Examples of different bask concepts in satellites
Table 22.11 —
Examples of the use of econometric or mathematical models in compiling the central framework and satellites
Designing and compiling satellite accounts
NINE SPECIFIC SATELLITE ACCOUNTS
Agricultural accounts
Environmental accounts
Table 22.12 —
Physical supply and use table
Table 22.13. —
Physical supply and use table
(continued)
Table 22.14 —
Net contribution of consumption and production to GDP and to six environmental themes in the Netherlands, 1993
Health accounts
Table 22.15 —
Key-statistic on health
Household production accounts
Table 22.16 —
A use table for household production
Labour accounts and SAM
Table 22.17 —
A simple system of labour accounts
Productivity and growth accounts
Research and development accounts
Table 22.18 —
The supply of R&D
Table 22.19 —
The use of R&D
Social protection accounts
Table 22.20 —
Overview of social (protection) benefits by social risk/need and transaction
Tourism satellite accounts
CHAPTER 23
CLASSIFICATIONS
INTRODUCTION
CLASSIFICATION OF INSTITUTIONAL SECTORS (S)
CLASSIFICATION OF TRANSACTIONS AND OTHER FLOWS
Transactions in products (P)
Transactions in non-produced non-financial assets (NP codes)
Distributive transactions (D)
Current transfers in cash and kind (D.5-D.8)
Transactions in financial assets and liabilities (F)
(Net acquisition of financial assets/net incurrence of liabilities)
Other changes in assets (K)
CLASSIFICATION OF BALANCE SHEET ENTRIES (L)
CLASSIFICATION OF ASSETS (A)
Non-financial assets (AN)
Financial assets (AF)
CLASSIFICATION OF SUPPLEMENTARY ITEMS
Non-performing loans
Capital services
Pensions table
Columns
(a) Liabilities recorded in the main sequence of accounts
(b) Liabilities not recorded in the main sequence of accounts
Rows
(a) Opening balance sheet
(b) Transactions
(c) Other economic flows
(d) Closing balance sheet
(e) Related indicators
Consumer durables
Foreign direct investment
Contingent positions
Currency and deposits
Classification of debt securities according to outstanding maturity
Listed and unlisted debt securities
Long-term loans with outstanding maturity of less than one year and long-term loans secured by mortgage
Listed and unlisted investment shares
Arrears in interest and repayments
Personal and total remittances
REGROUPING AND CODING OF INDUSTRIES (A) AND PRODUCTS (P)
CLASSIFICATION OF THE FUNCTIONS OF THE GOVERNMENT (COFOG)
CLASSIFICATION OF INDIVIDUAL CONSUMPTION BY PURPOSE (Coicop)
01-12 Individual consumption expenditure of households
CLASSIFICATION OF THE PURPOSES OF NON-PROFIT INSTITUTIONS SERVING HOUSEHOLDS (COPNI)
CLASSIFICATION OF OUTLAYS OF PRODUCERS BY PURPOSE (COPP)
CHAPTER 24
THE ACCOUNTS
Table 24.1 —
Account 0: Goods and services account
Table 24.2 —
Full sequence of accounts for the total economy
Table 24.3 —
Full sequence of accounts for non-financial corporations
Table 24.4 —
Full sequence of accounts for financial corporations
Table 24.5 —
Full sequence of accounts for general government
Table 24.6 —
Full sequence of accounts for households
Table 24.7 —
Full sequence of accounts for non-profit institutions serving households
ANNEX B
Table 1 —
Main aggregates — quarterly
(7)
and annual exercise
Table 2 —
Main aggregates of general government
Table 3 —
Tables by industry
Table 5 —
Household final consumption expenditure
Table 6 —
Financial accounts by sector
Table 7 —
Balance Sheets for financial assets and liabilities (Stocks of financial instruments — consolidated and non-consolidated — and counterpart information
(45)
)
Table 8 —
Non-financial accounts by sector — annual
Table 801 —
Non-financial accounts by sector — quarterly
SEASONAL ADJUSTMENT
VOLUME DATA
SOURCES AND METHODS
Table 9 —
Detailed tax and social contribution receipts by type of tax or social contribution and receiving subsector including the list of taxes and social contributions according to national classification
(60)
Table 10 —
Tables by industry and by region (NUTS level 2)
Table 11 —
General government expenditure by function
Table 12 —
Tables by industry and by region (NUTS level 3)
Table 13 —
Households accounts by region (NUTS level 2)
Table 15 —
Supply table at basic prices, including transformation into purchasers' prices (current prices and previous year’s prices
(80)
)
Table 16 —
Use table at purchasers' prices
(83)
(current prices and previous year’s prices
(84)
)
Table 17 —
Symmetric input-output table at basic prices
(90)
(product by product
(89)
)
Table 20 —
Cross classification of fixed assets by industry and by asset (stocks)
Table 22 —
Cross classification of gross fixed capital formation (GFCF) by industry and by asset (transactions)
Table 26 —
Balance sheets for non-financial assets
Table 27
(104)
—
Quarterly financial accounts of general government
Table 28 —
Quarterly government debt (Maastricht debt) for general government
Table 29 —
Accrued-to-date pension entitlements in social insurance
(118) (119)