The Other Changes in Assets Account Chapter 12 The Other Changes in Assets Account

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

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

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.

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?

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.

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?