CHAPTER 1GENERAL FEATURES AND BASIC PRINCIPLESGENERAL FEATURESGlobalisationUSES OF THE ESA 2010Framework for analysis and policyCharacteristics of the ESA 2010 conceptsClassification by sectorSatellite accountsThe ESA 2010 and the 2008 SNAThe ESA 2010 and the ESA 95BASIC PRINCIPLES OF THE ESA 2010 AS A SYSTEMStatistical units and their groupingsInstitutional units and sectorsLocal KAUs and industriesResident and non-resident units; total economy and rest of the worldFlows and stocksFlowsTransactionsProperties of transactionsInteractions versus intra-unit transactionsMonetary versus non-monetary transactionsTransactions with and without counterpartsRearranged transactionsReroutingPartitioningRecognising the principal party to a transactionBorderline casesOther changes in assetsOther changes in the volume of assets and liabilitiesHolding gains and lossesStocksThe system of accounts and the aggregatesRules of accountingTerminology for the two sides of the accountsDouble entry/quadruple entryValuationSpecial valuations concerning productsValuation at constant pricesTime of recordingConsolidation and nettingConsolidationNettingAccounts, balancing items and aggregatesThe sequence of accountsThe goods and services accountThe rest of the world accountBalancing itemsAggregatesGDP: a key aggregateThe input-output frameworkSupply and use tablesSymmetric input-output tablesCHAPTER 2UNITS AND GROUPINGS OF UNITSTHE LIMITS OF THE NATIONAL ECONOMYTHE INSTITUTIONAL UNITSHead offices and holding companiesGroups of corporationsSpecial purpose entitiesCaptive financial institutionsArtificial subsidiariesSpecial purpose units of general governmentTHE INSTITUTIONAL SECTORSNon-financial corporations (S.11)Public non-financial corporations (S.11001)National private non-financial corporations (S.11002)Foreign controlled non-financial corporations (S.11003)Financial corporations (S.12)Financial intermediariesFinancial auxiliariesFinancial corporations other than financial intermediaries and financial auxiliariesInstitutional units included in the financial corporations sectorSubsectors of financial corporationsCombining subsectors of financial corporationsSubdividing subsectors of financial corporations into public, national private and foreign controlled financial corporationsCentral 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)Financial vehicle corporations engaged in securitisation transactions (FVC)Security and derivative dealers, financial corporations engaged in lending and specialised financial corporationsFinancial auxiliaries (S.126)Captive financial institutions and money lenders (S.127)Insurance corporations (S.128)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 ownershipLOCAL KIND-OF-ACTIVITY UNITS AND INDUSTRIESThe local kind-of-activity unitIndustriesClassification of industriesUNITS OF HOMOGENEOUS PRODUCTION AND HOMOGENEOUS BRANCHESThe unit of homogeneous productionThe homogeneous branchCHAPTER 3TRANSACTIONS IN PRODUCTS AND NON-PRODUCED ASSETSTRANSACTIONS IN PRODUCTS IN GENERALPRODUCTION AND OUTPUTPrincipal, secondary and ancillary activitiesOutput (P.1)Institutional units: distinction between market, for own final use and non-marketTime of recording and valuation of outputProducts 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 bankFinancial and insurance services (Section K): financial services in generalFinancial services provided for direct paymentFinancial services paid for through loading interest chargesFinancial services consisting of acquiring and disposing of financial assets and liabilities in financial marketsFinancial services provided in insurance and pension schemes, where activity is financed by loading insurance contributions and from the income return on savingsReal 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 consumptionFINAL CONSUMPTION (P.3, P.4)Final consumption expenditure (P.3)Actual final consumption (P.4)Time of recording and valuation of final consumption expenditureTime of recording and valuation of actual final consumptionGROSS CAPITAL FORMATION (P.5)Gross fixed capital formation (P.51g)Time of recording and valuation of gross fixed capital formationConsumption of fixed capital (P.51c)Changes in inventories (P.52)Time of recording and valuation of changes in inventoriesAcquisitions 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)TRANSACTIONS IN EXISTING GOODSACQUISITIONS LESS DISPOSALS OF NON-PRODUCED ASSETS (NP)CHAPTER 4DISTRIBUTIVE TRANSACTIONSCOMPENSATION OF EMPLOYEES (D.1)Wages and salaries (D.11)Wages and salaries in cashWages and salaries in kindEmployers' 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 UnionTaxes on production and imports: time of recording and amounts to be recordedSUBSIDIES (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 loansInterest on debt securitiesInterest on bills and similar short-term instrumentsInterest on bonds and debenturesInterest rate swaps and forward rate agreementsInterest on financial leasesOther interestTime of recordingDistributed 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 landRents on subsoil assetsCURRENT 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)Social transfers in kind — general government and NPISHs non-market production (D.631)Social transfers in kind — market production purchased by general government and NPISHs (D.632)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 penaltiesLotteries and gamblingPayments of compensationVAT- 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 5FINANCIAL TRANSACTIONSGENERAL FEATURES OF FINANCIAL TRANSACTIONSFinancial assets, financial claims, and liabilitiesContingent assets and contingent liabilitiesCategories of financial assets and liabilitiesBalance sheets, financial account, and other flowsValuationNet and gross recordingConsolidationNettingAccounting rules for financial transactionsA financial transaction with a current or a capital transfer as counterpartA financial transaction with property income as counterpartTime of recordingA from-whom-to-whom financial accountCLASSIFICATION OF FINANCIAL TRANSACTIONS BY CATEGORIES IN DETAILMonetary gold and special drawing rights (F.1)Monetary gold (F.11)SDRs (F.12)Currency and deposits (F.2)Currency (F.21)Deposits (F.22 and F.29)Transferable deposits (F.22)Other deposits (F.29)Debt securities (F.3)Main features of debt securitiesClassification by original maturity and currencyClassification by type of interest rateFixed interest rate debt securitiesVariable interest rate debt securitiesMixed interest rate debt securitiesPrivate placementsSecuritisationCovered bondsLoans (F.4)Main features of loansClassification of loans by original maturity, currency, and purpose of lendingDistinction between transactions in loans and transactions in depositsDistinction between transactions in loans and transactions in debt securitiesDistinction between transactions in loans, trade credit and trade billsSecurities lending and repurchase agreementsFinancial leasesOther types of loansFinancial assets excluded from the category of loansEquity and investment fund shares or units (F.5)Equity (F.51)Depository receiptsListed shares (F.511)Unlisted shares (F.512)Initial public offering, listing, de-listing, and share buy backFinancial assets excluded from equity securitiesOther equity (F.519)Valuation of transactions in equityInvestment 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 unitsInsurance, 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 entitlementsClaims 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 guaranteesFinancial derivatives and employee stock options (F.7)Financial derivatives (F.71)OptionsForwardsOptions vis-à-vis forwardsSwapsForward rate agreements (FRAs)Credit derivativesCredit default swapsFinancial instruments not included in financial derivativesEmployee stock options (F.72)Valuation of transactions in financial derivatives and employee stock optionsOther 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 TRANSACTIONSClassification of financial transactions by categoryClassification of financial transactions by negotiabilityStructured securitiesClassification of financial transactions by type of incomeClassification of financial transactions by type of interest rateClassification of financial transactions by maturityShort-term and long-term maturityOriginal maturity and remaining maturityClassification of financial transactions by currencyMeasures of moneyCHAPTER 6OTHER FLOWSINTRODUCTIONOTHER CHANGES IN ASSETS AND LIABILITIESOther 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 liabilityMonetary 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 currencyCHAPTER 7BALANCE SHEETSTYPES OF ASSETS AND LIABILITIESDefinition of an assetEXCLUSIONS FROM THE ASSET AND LIABILITY BOUNDARYCATEGORIES OF ASSETS AND LIABILITIESProduced non-financial assets (AN.1)Non-produced non-financial assets (AN.2)Financial assets and liabilities (AF)VALUATION OF ENTRIES IN THE BALANCE SHEETSGeneral valuation principlesNON-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 SHEETSMEMORANDUM ITEMSConsumer durables (AN.m)Foreign direct investment (AF.m1)Non-performing loans (AF.m2)Recording of non-performing loansANNEX 7.1SUMMARY OF EACH ASSET CATEGORYANNEX 7.2A MAP OF ENTRIES FROM OPENING BALANCE SHEET TO CLOSING BALANCE SHEETCHAPTER 8THE SEQUENCE OF ACCOUNTSINTRODUCTIONThe sequence of accountsSEQUENCE OF ACCOUNTSCurrent accountsProduction account (I)Distribution and use of income accounts (II)Primary distribution of income accounts (II.1)Generation of income account (II.1.1)Allocation of primary income account (II.1.2)Entrepreneurial income account (II.1.2.1)Allocation of other primary income account (II.1.2.2)Secondary distribution of income account (II.2)Redistribution of income in kind account (II.3)Use of income account (II.4)Use of disposable income account (II.4.1)Use of adjusted disposable income account (II.4.2)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)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)Balance sheets (IV)Opening balance sheet (IV.1)Changes in balance sheet (IV.2)Closing balance sheet (IV.3)REST OF THE WORLD ACCOUNTS (V)Current accountsExternal 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)GOODS AND SERVICES ACCOUNT (0)INTEGRATED ECONOMIC ACCOUNTSAGGREGATESGross domestic product at market prices (GDP)Operating surplus of the total economyMixed income of the total economyEntrepreneurial income of the total economyNational income (at market prices)National disposable incomeSavingCurrent external balanceNet lending (+) or borrowing (-) of the total economyNet worth of the total economyGeneral government expenditure and revenueCHAPTER 9SUPPLY AND USE TABLES AND THE INPUT-OUTPUT FRAMEWORKINTRODUCTIONDESCRIPTIONSTATISTICAL TOOLTOOL FOR ANALYSISSUPPLY AND USE TABLES IN MORE DETAILClassificationsValuation principlesTrade and transport marginsTaxes less subsidies on production and importsOther basic conceptsSupplementary informationDATA SOURCES AND BALANCINGTOOL FOR ANALYSIS AND EXTENSIONSCHAPTER 10PRICE AND VOLUME MEASURESSCOPE OF PRICE AND VOLUME INDICES IN THE NATIONAL ACCOUNTSThe integrated system of price and volume indicesOther price and volume indicesGENERAL PRINCIPLES OF MEASURING PRICE AND VOLUME INDICESDefinition of prices and volumes of market productsQuality, price and homogeneous productsPrices and volumeNew productsPrinciples for non-market servicesPrinciples for value added and GDPSPECIFIC PROBLEMS IN THE APPLICATION OF THE PRINCIPLESTaxes and subsidies on products and importsOther taxes and subsidies on productionConsumption of fixed capitalCompensation of employeesStocks of produced fixed assets and inventoriesMEASURES OF REAL INCOME FOR THE TOTAL ECONOMYINTERSPATIAL PRICE AND VOLUME INDICESCHAPTER 11POPULATION AND LABOUR INPUTSTOTAL POPULATIONECONOMICALLY ACTIVE POPULATIONEMPLOYMENTEmployeesSelf-employed personsEmployment and residenceUNEMPLOYMENTJOBSJobs and residenceTHE NON-OBSERVED ECONOMYTOTAL HOURS WORKEDSpecifying hours actually workedFULL-TIME EQUIVALENCEEMPLOYEE LABOUR INPUT AT CONSTANT COMPENSATIONPRODUCTIVITY MEASURESCHAPTER 12QUARTERLY NATIONAL ACCOUNTSINTRODUCTIONSPECIFIC FEATURES OF QUARTERLY NATIONAL ACCOUNTSTime of recordingWork-in-progressActivities concentrated in specific periods within a yearLow-frequency paymentsFlash estimatesBalancing and benchmarking of quarterly national accountsBalancingConsistency between quarterly and annual accounts — benchmarkingChain-linked measures of price and volume changesSeasonal and calendar adjustmentsSequence of compilation of seasonally adjusted chain-linked volume measuresCHAPTER 13REGIONAL ACCOUNTSINTRODUCTIONREGIONAL TERRITORYUNITS AND REGIONAL ACCOUNTSInstitutional unitsLocal kind-of-activity units and regional production activities by industryMETHODS OF REGIONALISATIONAGGREGATES FOR PRODUCTION ACTIVITIESGross value added and gross domestic product by regionThe allocation of FISIM to user industriesEmploymentCompensation of employeesTransition from regional GVA to regional GDPVolume growth rates of regional GVAREGIONAL HOUSEHOLD INCOME ACCOUNTSCHAPTER 14FINANCIAL INTERMEDIATION SERVICES INDIRECTLY MEASURED (FISIM)THE CONCEPT OF FISIM AND THE IMPACT OF THEIR USER ALLOCATION ON MAIN AGGREGATESCALCULATION OF FISIM OUTPUT BY SECTORS S.122 AND S.125Statistical data requiredReference ratesInternal reference rateExternal reference ratesDetailed breakdown of FISIM by institutional sectorBreakdown into intermediate and final consumption of FISIM allocated to householdsCALCULATION OF IMPORTS OF FISIMFISIM IN VOLUME TERMSCALCULATION OF FISIM BY INDUSTRYTHE OUTPUT OF THE CENTRAL BANKCHAPTER 15CONTRACTS, LEASES AND LICENCESINTRODUCTIONTHE DISTINCTION BETWEEN OPERATING LEASES, RESOURCE LEASES AND FINANCIAL LEASESOperating leasesFinancial leasesResource leasesPermits to use a natural resourcePermits to undertake specific activitiesPublic-private partnerships (PPPs)Service concession contractsMarketable operating leases (AN.221)Entitlements to future goods and services on an exclusive basis (AN.224)CHAPTER 16INSURANCEINTRODUCTIONDirect insuranceReinsuranceThe units involvedOUTPUT OF DIRECT INSURANCEPremiums earnedPremium supplementsAdjusted claims incurred and benefits dueNon-life insurance adjusted claims incurredLife insurance benefits dueInsurance technical reservesDefining insurance outputNon-life insuranceLife insuranceReinsuranceTRANSACTIONS ASSOCIATED WITH NON-LIFE INSURANCEAllocation of insurance output among usersInsurance services provided to and from the rest of the worldThe accounting entriesTRANSACTIONS OF LIFE INSURANCETRANSACTIONS ASSOCIATED WITH REINSURANCETRANSACTIONS ASSOCIATED WITH INSURANCE AUXILIARIESANNUITIESRECORDING NON-LIFE INSURANCE CLAIMSTreatment of adjusted claimsTreatment of catastrophic lossesCHAPTER 17SOCIAL INSURANCE INCLUDING PENSIONSINTRODUCTIONSocial insurance schemes, social assistance and individual insurance policiesSocial benefitsSocial benefits provided by general governmentSocial benefits provided by other institutional unitsPensions and other forms of benefitSOCIAL INSURANCE BENEFITS OTHER THAN PENSIONSSocial security schemes other than pension schemesOther employment-related social insurance schemesRecording of stocks and flows by type of non-pension social insurance schemeSocial security schemesOther employment-related non-pension social insurance schemesPENSIONSTypes of pension schemesSocial security pension schemesOther employment-related pension schemesDefined contribution schemesDefined benefit schemesNotional defined contribution schemes and hybrid schemesDefined benefit schemes as compared to defined contribution schemesPension administrator, pension manager, pension fund and multi-employer pension schemeRecording of stocks and flows by type of pension scheme in social insuranceTransactions for social security pension schemesTransactions for other employment-related pension schemesTransactions for defined contribution pension schemesOther flows related to defined contribution pension schemesTransactions for defined benefit pension schemesSUPPLEMENTARY TABLE FOR ACCRUED-TO-DATE PENSION ENTITLEMENTS IN SOCIAL INSURANCEDesign of the supplementary tableThe columns of the tableThe rows of the tableOpening and closing balance sheetsChanges in pension entitlements due to transactionsChanges to pension entitlements due to other economic flowsRelated indicatorsActuarial assumptionsAccrued-to-date entitlementsDiscount rateWage growthDemographic assumptionsCHAPTER 18REST OF THE WORLD ACCOUNTSINTRODUCTIONECONOMIC TERRITORYResidenceINSTITUTIONAL UNITSBRANCHES AS A TERM USED IN THE INTERNATIONAL ACCOUNTS OF THE BALANCE OF PAYMENTSNOTIONAL RESIDENT UNITSMULTI-TERRITORY ENTERPRISESGEOGRAPHICAL BREAKDOWNTHE INTERNATIONAL ACCOUNTS OF THE BALANCE OF PAYMENTSBALANCING ITEMS IN THE CURRENT ACCOUNTS OF THE INTERNATIONAL ACCOUNTSTHE ACCOUNTS FOR THE REST OF THE WORLD SECTOR AND THEIR RELATIONSHIP WITH THE INTERNATIONAL ACCOUNTS OF THE BALANCE OF PAYMENTSThe external account of goods and servicesValuationGoods for processingMerchantingGoods under merchantingImports and exports of FISIMThe external account of primary and secondary incomeThe primary income accountDirect investment incomeThe secondary income (current transfers) account of the BPM6The external capital accountThe external financial account and international investment position (IIP)BALANCE SHEETS FOR THE REST OF THE WORLD SECTORCHAPTER 19EUROPEAN ACCOUNTSINTRODUCTIONFROM NATIONAL TO EUROPEAN ACCOUNTSConversion of data in different currenciesEuropean institutionsThe rest of the world accountBalancing of transactionsPrice and volume measuresBalance sheets'From whom-to-whom' matricesANNEX 19.1. —THE ACCOUNTS OF EUROPEAN INSTITUTIONSResourcesUsesConsolidationCHAPTER 20THE GOVERNMENT ACCOUNTSINTRODUCTIONDEFINING THE GENERAL GOVERNMENT SECTORIdentification of units in the governmentGovernment unitsNPIs classified to the general government sectorOther units of general governmentPublic controlMarket/non-market delineationNotion of economically significant pricesCriteria of the purchaser of the output of a public producerThe output is sold primarily to corporations and householdsThe output is sold only to governmentThe output is sold to government and othersThe market/non-market testFinancial intermediation and the government boundaryBorderline casesPublic head officesPension fundsQuasi-corporationsRestructuring agenciesPrivatisation agenciesDefeasances structuresSpecial purpose entitiesJoint venturesMarket regulatory agenciesSupranational authoritiesThe subsectors of general governmentCentral governmentState governmentLocal governmentSocial security fundsTHE GOVERNMENT FINANCE PRESENTATION OF STATISTICSFrameworkRevenueTaxes and social contributionsSalesOther revenueExpenditureCompensation of employees and intermediate consumptionSocial benefits expenditureInterestOther current expenditureCapital expenditureLink with government final consumption expenditure (P.3)Government expenditure by function (COFOG)Balancing itemsThe net lending/net borrowing (B.9)Changes in net worth due to saving and capital transfers (B.101)FinancingTransactions in assetsTransactions in liabilitiesOther economic flowsRevaluation accountOther changes in volume of assets accountBalance sheetsConsolidationACCOUNTING ISSUES RELATING TO GENERAL GOVERNMENTTax revenueCharacter of tax revenueTax creditsAmounts to recordAmounts uncollectibleTime of recordingAccrual recordingAccrual recording of taxesInterestDiscounted and zero-coupon bondsIndex-linked securitiesFinancial derivativesCourt decisionsMilitary expenditureRelations of general government with public corporationsEquity investment in public corporations and distribution of earningsEquity investmentCapital injectionsSubsidies and capital injectionsRules applicable to particular circumstancesFiscal operationsPublic corporations distributionsDividends versus withdrawal of equityTaxes versus withdrawal of equityPrivatisation and nationalisationPrivatisationIndirect privatisationsNationalisationTransactions with the central bankRestructures, mergers, and reclassificationsDebt operationsDebt assumptions, debt cancellation and debt write-offsDebt assumption and cancellationDebt assumption involving a transfer of non-financial assetsDebt write-offs or write-downsOther debt restructuringPurchase of debt above the market valueDefeasances and bailoutsDebt guaranteesDerivatives-type guaranteesStandardised guaranteesOne-off guaranteesSecuritisationDefinitionCriteria for sale recognitionRecording of flowsOther issuesPension obligationsLump sum paymentsPublic-private partnershipsScope of PPPsEconomic ownership and allocation of the assetAccounting issuesTransactions with international and supranational organisationsDevelopment assistanceTHE PUBLIC SECTORPublic sector controlCentral banksPublic quasi-corporationsSpecial purpose entities and non-residentsJoint venturesCHAPTER 21LINKS BETWEEN BUSINESS ACCOUNTS AND NATIONAL ACCOUNTS AND THE MEASUREMENT OF CORPORATE ACTIVITYSOME SPECIFIC RULES AND METHODS OF BUSINESS ACCOUNTINGTime of recordingDouble entry and quadruple entry accountingValuationIncome statement and balance sheetNATIONAL ACCOUNTS AND BUSINESS ACCOUNTS: PRACTICAL ISSUESTHE TRANSITION FROM BUSINESS ACCOUNTS TO NATIONAL ACCOUNTS: THE EXAMPLE OF NON-FINANCIAL ENTERPRISESConceptual adjustmentsAdjustments to achieve consistency with the accounts of other sectorsExamples of adjustments for exhaustivenessSPECIFIC ISSUESHolding gains/lossesGlobalisationMergers and acquisitionsCHAPTER 22SATELLITE ACCOUNTSINTRODUCTIONFunctional classificationsMAJOR CHARACTERISTICS OF SATELLITE ACCOUNTSFunctional satellite accountsSpecial sector accountsInclusion of non-monetary dataExtra detail and supplementary conceptsDifferent basic conceptsUse of modelling and inclusion of experimental resultsDesigning and compiling satellite accountsNINE SPECIFIC SATELLITE ACCOUNTSAgricultural accountsEnvironmental accountsHealth accountsHousehold production accountsLabour accounts and SAMProductivity and growth accountsResearch and development accountsSocial protection accountsTourism satellite accountsCHAPTER 23CLASSIFICATIONSINTRODUCTIONCLASSIFICATION OF INSTITUTIONAL SECTORS (S)CLASSIFICATION OF TRANSACTIONS AND OTHER FLOWSTransactions 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)Other changes in assets (K)CLASSIFICATION OF BALANCING ITEMS AND NET WORTH (B)CLASSIFICATION OF BALANCE SHEET ENTRIES (L)CLASSIFICATION OF ASSETS (A)Non-financial assets (AN)Financial assets (AF)CLASSIFICATION OF SUPPLEMENTARY ITEMSNon-performing loansCapital servicesPensions tableConsumer durablesForeign direct investmentContingent positionsCurrency and depositsClassification of debt securities according to outstanding maturityListed and unlisted debt securitiesLong-term loans with outstanding maturity of less than one year and long-term loans secured by mortgageListed and unlisted investment sharesArrears in interest and repaymentsPersonal and total remittancesREGROUPING AND CODING OF INDUSTRIES (A) AND PRODUCTS (P)CLASSIFICATION OF THE FUNCTIONS OF THE GOVERNMENT (COFOG)CLASSIFICATION OF INDIVIDUAL CONSUMPTION BY PURPOSE (Coicop)CLASSIFICATION OF THE PURPOSES OF NON-PROFIT INSTITUTIONS SERVING HOUSEHOLDS (COPNI)CLASSIFICATION OF OUTLAYS OF PRODUCERS BY PURPOSE (COPP)CHAPTER 24THE ACCOUNTSTable 24.1Account 0: Goods and services accountTable 24.2Full sequence of accounts for the total economyTable 24.3Full sequence of accounts for non-financial corporationsTable 24.4Full sequence of accounts for financial corporationsTable 24.5Full sequence of accounts for general governmentTable 24.6Full sequence of accounts for householdsTable 24.7Full sequence of accounts for non-profit institutions serving households
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