The Other Changes in Assets Account

1
Chapter 12

• The Other Changes in Assets Account

2
Comments

• Comments received from a total of 18 countries,
  AEG members and organizations

3
Format of table 12.1

• To improve the presentation of the structure
  followed in the table (12.1), it is suggested to
• Introduce a table 12.1 with only the aggregates
  first
• Appearance and disappearance of assets other than
  by transactions
• The effects of externalities on the value of
  assets
• Catastrophic losses
• Uncompensated seizures
• Other volume changes
• Changes in classification and structures
• Changes in sector classifications and structure
• Changes in classification of assets/liabilities

4
Format of table 12.1

• For each of the categories (1 3), introduce a
  more detailed table, as the details for each main
  category are introduced in the text, and
• Explain how the lower part of the current table
  12.1 (will now be a separate table) can be
  derived, and how it feeds into the balance sheets.

5
Question to the AEG

• Would the above mentioned steps to develop and
  clarify what is now table 12.1 overcome the
  present unease with it?

6
Treatment of Agricultural Epidemics

• It has been suggested to add losses due to animal
  diseases/epidemics into the enumeration of
  possible exceptional losses (para 12.61).
• Para 12.61 Exceptional losses in inventories.
  Exceptional losses from fire damage, from
  robberies, from insect infestation of grain
  stores, etc. should be recorded here. In this
  context, exceptional losses indicates that the
  losses are not only large in value but also
  irregular in occurrence. Even very large losses,
  if they occur regularly, should be taken into
  account when calculating the change in
  inventories calculated for entry into the capital
  account as explained in chapter 10.

7
Question to the AEG

• Should losses due to agricultural epidemics be
  treated as exceptional losses? Moreover, should
  paragraph 12.61 be revised so as to include
  agricultural epidemics as a new kind of
  exceptional loss?