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This document discusses the non-financial balance sheets of the Netherlands, covering various asset categories such as fixed assets, inventories, consumer durables, land, and subsoil assets. It includes division by institutional sectors and presents the results of the research conducted.
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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