non-financial balance sheets for the netherlands
DESCRIPTION
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. - PowerPoint PPT PresentationTRANSCRIPT
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Non-financial balance sheets for the Netherlands
Murat Tanriseven
1-3 December 2010, WPNA meeting
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Outline
Produced assets -Fixed assets
-Inventories
-Consumer durables
Land
Subsoil assets
Division by institutional sector
Results
Further research
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Fixed assets
Perpetual Inventory Method (PIM)
Livestock for breeding,dairy and draught: direct observation
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Inventories
- Materials and supplies- Work in progress- Finished goods- Goods for resale
Source: business surveys
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Land
- Land underlying dwellings and nonresidential buildingsTax value of real estate (incl. land) – PIM value buildings
- Land under cultivationLand use statistics and price of agricultural land
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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)
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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
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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
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Results (1)1996 2000 2005 2008
Billion €
Fixed assets 1052 1302 1651 1892
Inventories 55 68 73 91
Land 264 753 1037 1233
Subsoil assets
68 71 110 177
Consumer durables
98 126 146 157
All assets 1537 2320 3017 3550
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Results (2)
2008, billion € S.11 S.12 S.13 S.14 S.15 S.1
Fixed assets 709 35 349 796 2 1892
Inventories 83 0 0 8 0 92
Land 339 22 60 812 1 1234
Subsoil assets 177 177
Consumer durables
157 157
All assets 1131 57 586 1773 3 3550
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Results: Country comparison, 2008
Nether-lands
France Japan Canada Australia
Dwellings 28% 30% 10% 23% 21%
Non-residential buildings
20% 15% 29% 19% 19%
Inventories 3% 3% 4% 4% 2%
Non-produced assets
42% 45% 49% 48% 48%
Other fixed assets
7% 7% 8% 6% 10%
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Further research
-Estimations for other natural assets
-Improved connection with sector accounts