- Accounts receivable – this instrument includes short and long term trade credit and accounts receivable, accounts and interest receivable, and prepayments made.
Other volume changes that can affect non-financial assets include additions to the stock of such assets resulting from mineral discoveries or addition of previously unrecorded assets, and destruction or depletion of assets through natural disasters, degradation or exploitation (of natural assets)
- Advances outstanding – this category refers to loans and other non-equity financial assets acquired for policy rather than liquidity management purposes. As a general rule, all loans made by general government to other government bodies, except loans made by central borrowing authorities, are deemed to be for policy purposes. Included are long and short term loans, non-marketable debentures, and long and short term promissory agreements (bonds and bills) issued to public sector units for the purpose of achieving government policy objectives. Excluded are government equity in public corporations (see next item), grants and non-repayable funds, and investments for liquidity management and income generation purposes.
Other volume changes that can affect non-financial assets include additions to the stock of such assets resulting from mineral discoveries or addition of previously unrecorded assets, and destruction or depletion of assets through natural disasters, degradation or exploitation (of natural assets)
- Equity – this instrument refers to claims on other entities entitling the holder to a share of the income of the entity and a right to a share of the residual assets of the entity should it be wound up. The item includes the market value of shares on issue in listed corporations and preference shares and convertible notes after conversion. It excludes convertible notes before conversion. The item also includes the book value of assets (real and financial) less liabilities of unlisted quasi corporations.
Other volume changes that may have an effect on financial assets include the writing off of bad debts by a creditor
2.181. The statement of stocks and flows records the results of transactions, revaluations and other volume changes on the value of each of the categories of financial assets described above at the end of the accounting period. g. debtors’ repayment of the payday loans in Greenfield OH financial claims represented by the assets). Acquisition of financial assets includes making deposits of cash with financial institutions, making advances to other units of the public sector or to private sector entities, making investments in other units, and purchasing shares or making other forms of capital contribution to public and private sector corporations for policy or liquidity management purposes. Revaluations occur most often for financial assets, such as shares and securities, that are traded on financial markets or are subject to exchange rate fluctuations. Only write-offs that are not made by mutual agreement between creditor and debtor are treated as other volume changes (those made with mutual agreement are treated as capital transfer expenses).
Other volume changes that can affect non-financial assets include additions to the stock of such assets resulting from mineral discoveries or addition of previously unrecorded assets, and destruction or depletion of assets through natural disasters, degradation or exploitation (of natural assets)
- Non-financial produced assets – refers to assets created by a production process and held by producers mainly for the purposes of production; includes produced assets, such as buildings (including dwellings), infrastructure (e.g. railways, roads, bridges, tunnels, airports, harbours, pipelines, dams), plant and equipment, cultivated assets (e.g. livestock, vineyards, orchards, plantations), intangible assets (e.g. capitalised mineral exploration, computer software, artistic originals), inventories (including materials, supplies, defence weapon platforms, work in progress, finished goods and goods for resale), and valuables (e.g. precious metals and stones, antiques and works of art).
Other volume changes that can affect non-financial assets include additions to the stock of such assets resulting from mineral discoveries or addition of previously unrecorded assets, and destruction or depletion of assets through natural disasters, degradation or exploitation (of natural assets)
- Non-financial non-produced assets – are assets held by producers mainly for the purposes of production that have not themselves been produced. They include land and subsoil assets such as mineral deposits; non-cultivated biological resources and water resources such as virgin forests, fishing grounds and natural water resources; and intangible non-produced assets such as patents, copyrights and goodwill.
Other volume changes that can affect non-financial assets include additions to the stock of such assets resulting from mineral discoveries or addition of previously unrecorded assets, and destruction or depletion of assets through natural disasters, degradation or exploitation (of natural assets)
- Other non-financial assets – assets not elsewhere classifiable.
2.183. The statement of stocks and flows records the results of transactions, revaluations, and other volume changes on the value of each of the categories of non-financial assets described above at the end of the accounting period. Transactions that change the stock of non-financial assets are also recorded in the operating statement and have already been discussed above under the sub-heading ‘Net acquisition of non-financial assets’. Revaluations of non-financial assets reflect changes in the market price of the assets over the accounting period. In practice, revaluation of assets at market prices may only occur when the assets are sold. In that case, any profit or loss from the sale is recorded as a revaluation and only the book value of the asset is recorded as the transaction value.
