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Non-financial balance sheets for the Netherlands. Murat Tanriseven 1-3 December 2010, WPNA meeting. Outline. Produced assets Fixed assets Inventories Consumer durables Land Subsoil assets Division by institutional sector Results Further research. Fixed assets.
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Non-financial balance sheets for the Netherlands Murat Tanriseven 1-3 December 2010, WPNA meeting
Outline Produced assets • Fixed assets • Inventories • Consumer durables Land Subsoil assets Division by institutional sector Results Further research
Fixed assets Perpetual Inventory Method (PIM) Livestock for breeding,dairy and draught: direct observation
Inventories • Materials and supplies • Work in progress • Finished goods • Goods for resale Source: business surveys
Land - Land underlying dwellings and nonresidential buildings Tax value of real estate (incl. land) – PIM value buildings - Land under cultivation Land use statistics and price of agricultural land
Subsoil assets Oil and gas reserves • Net present value method • Physical extraction scenario’s – decreasing • Resource rent (3 year average) – endogeneous Other subsoil assets -Infinite reserves -Constant extraction scenario (assumption)
Consumer durables - Same method that is used for fixed assets - Difference: consumption of fixed capital - Consumption that is disappeared from SUT, but is still in use by households - 7 different categories, 22.000 euro per household
Division into institutional sectors - Fixed assets: ratio of production per date of construction - Inventories: ratio of production and use - Land: ratio of dwellings and non-residential buildings - Subsoil assets: government sector - Consumer durables: households sector
Further research • Estimations for other natural assets • Improved connection with sector accounts