UNSD SEEA Training of Trainers Seminar

Slides:



Advertisements
Similar presentations
Integration of natural resource wealth in the Canadian National Balance Sheet Accounts Implementation challenges Note by Canada.
Advertisements

Indicators in the SEEA: Identifying the main Accounting Aggregates in SEEA – Volume I Sjoerd Schenau Statistics Netherlands.
Time passing and measuring depletion London Group Brussels, September/October 2008 Peter Comisari Australian Bureau of Statistics.
Allocating mineral valuations using unit record data Statistics New Zealand.
Mineral exploration and mineral deposits Issues under discussion by the Canberra II Group on non- financial assets.
Implementation of 2008 SNA in Jamaica. Outline Policy issues - relationship with national accounts framework The Jamaican System of National Accounts.
Regional Seminar on Developing a Programme for the Implementation of the 2008 SNA and Supporting Statistics January 30-February 1, 2013 Kingston, Jamaica.
EXPENDITURE APPROACH January 30-February 1, 2013 Kingston, Jamaica.
System of Environmental and Economic Accounts The SEEA 2003 Revision Mark de Haan Statistics Netherlands London Group WIOD Conference Vienna 26 May 2010.
1 Production Account Goods and Services Account Training Workshop on System of National Accounts for ECO Member Countries October 2012, Tehran, Islamic.
Depletion of Non-Renewable Resources Report on London Group outcomes UNCEEA meeting, New York, July 2007 Peter Comisari Gemma Van Halderen Australian Bureau.
International Workshop on Industrial statistics Beijing, China 8-10 July 2013 Data items for industrial Statistics (Part 2)
The profit and loss account. The profit and loss account is produced by a business to show:   How much net profit has been made   How much net loss.
1 Seminar on Developing a Programme for the Implementation of 2008 SNA and Supporting Statistics October 2012 Pretoria, South Africa.
SA’s EXPERIENCE IN THE COMPILATION OF MINERAL ACCOUNTS 9 th London Group Meeting Background Physical accounts Resource rent Monetary accounts Problems.
Copyright 2010, The World Bank Group. All Rights Reserved. 1 OTHER ECONOMIC FLOWS GOVERNMENT FINANCE STATISTICS Part 1 This lecture describes flows other.
Sjoerd Schenau Environmental activity accounts. Content What are environmental activity accounts ? What is the EGSS ? Application: the EGSS in the Netherlands.
1 Selected Issues with Implementation of 2008 SNA (continued) Training Workshop on System of National Accounts for ECO Member Countries October 2012,
© 2008 Pearson Addison-Wesley. All rights reserved 2-1 Chapter Outline National Income Accounting: The Measurement of Production, Income, and Expenditure.
Results of the survey on sub-soil assets in OECD countries Working Party on National Accounts October 2008 Young-Hwan Kim, OECD.
OVERVIEW OF THE SYSTEM OF NATIONAL ACCOUNTS, INCLUDING BASIC IDENTITIES Peter van de Ven Head of National Accounts OECD Short Course on National Accounts.
RECORDING LAND IN THE NATIONAL BALANCE SHEET Kirsty Leslie London Group Meeting Wiesbaden, 30 November - 4 December 2009.
Copyright 2010, The World Bank Group. All Rights Reserved. 1 GOVERNMENT FINANCE STATISTICS INTRODUCTION TO GOVERNMENT FINANCE STATISTICS Part 2 This lecture.
St. Vincent and the Grenadines Statistical Office IMPLEMENTATION OF 2008 SNA AND SUPPORTING ECONOMIC STATISTICS UNSD – KINGSTON, JAMAICA 30 JANUARY – 1.
China: Official Environmental-Economic Accounting in the Past Decade Wang Yixuan Department of National Accounts National Bureau of Statistics, China New.
FINAL ACCOUNTS  All companies or corporations ( businesses owned by shareholders) must provide a set of final accounts consisting on three statements:
The System of Environmental-Economic Accounting for Energy (SEEA-Energy) United Nations Statistics Division International Workshop on Energy Statistics.
 Statistical Center of Iran is legal responsible for compilation of economic statistics and national accounts. National accounts compile by Economic.
Capitalization of R&D in the national accounts of Israel.
Copyright 2010, The World Bank Group. All Rights Reserved. Copyright 2010, The World Bank Group. All Rights Reserved Economic statistics, part 1 Business.
System of Environmental-Economic Accounting Sokol Vako United Nations Statistics Division Based on a presentation by Sjoerd Schenau, Statistics Netherlands.
A numerical comparison of fish quota values and standard resource rent calculations using New Zealand’s commercial fish resource Paper for 13 th Meeting.
System of Environmental-Economic Accounting Sokol Vako United Nations Statistics Division Based on a presentation by Sjoerd Schenau, Statistics Netherlands.
China ’ s Input-Output Survey and Its Tabulation Method QI Shuchang Dept. of National Accounts, NBS.
Karen Wilson Assistant Chief Statistician National Accounts & Analytic Studies Statistics Canada Productivity Measurement in the CSNA.
Handbook on Mineral and Energy Asset Accounting A first - very preliminary - outline based on SEEA 2003 and the Eurostat guidelines for presentation at.
New Annual National Accounts Publication
COMPILATION OF GDP BY INCOME APPROACH & ACCOUNTS FOR HOUSEHOLD SECTOR
Basics of financial management Chapter 5
Oslo City Group Clean Technology Satellite Account
The application of Supply and Use Tables
Development of Hybrid tables in Australia
Physical Flow Accounts: UNSD SEEA Training of Trainers Seminar
Environmental-Economic Accounting in Canada
Physical Flow Accounts: UNSD SEEA Training of Trainers Seminar
Overview of the Canadian Energy Flow Account
UNSD SEEA Training of Trainers Seminar
Input-Output Modelling UNSD SEEA Training of Trainers Seminar
Input-Output Accounting UNSD SEEA Training of Trainers Seminar
Institutional Perspective on the SEEA
SEEA Implementation in Canada UNSD SEEA Training of Trainers Seminar
Policy Applications of Environmental-Economic Accounting in Canada
UNSD SEEA Training of Trainers Seminar
Physical Flow Accounting UNSD SEEA Training of Trainers Seminar
Combined physical and monetary presentations
Research and Development
Research and Development
Overview of the Canadian Water Flow Account
Item 14a: Research and Development
GDP and its three approaches
MAJOR CHANGES THAT IMPACT GDP
GDP and its three approaches
Item 15: Stock and Flow accounts
Item 15: Stock and Flow accounts
Research and Development
Extensions to the core system
VALUATION AND METHODS OF ESTIMATING GDP
National Accounting 06/04/2019 Dr. Amr Nazieh.
Implementation of SNA2008 in China
GDP and its three approaches
Presentation transcript:

UNSD SEEA Training of Trainers Seminar Asset Accounts: Valuation exercise UNSD SEEA Training of Trainers Seminar 7-10 July 2015, Santiago Joe St. Lawrence Statistics Canada

Statistics Canada • Statistique Canada SNA framework Sectors Wastes Commodities Industries Final demand Assets Industrial output of goods and services Industrial intermediate demand Gross fixed capital formation Financial and produced assets, opening balance Other changes in volume & holding gains/losses on financial & produced assets Financial and produced assets, closing balance Statistics Canada • Statistique Canada 10/11/2018

Statistics Canada • Statistique Canada SEEA framework Sectors Wastes Commodities Industries Final demand Assets Industrial output of goods and services Industrial intermediate demand Environmental protection expenditures Gross fixed capital formation Capital expenditures for environmental protection Financial and produced assets, opening balance Natural resource assets, opening balance Changes in natural resource assets Natural resource assets, closing balance Other changes in volume & holding gains/losses on financial & produced assets Changes in and holding gains/losses on natural resource assets Financial and produced assets, closing balance Resource production by industries Resource use by industries Resource production by households/gov’t Resource use by households/gov’t Waste consumption by industries Waste output by industries Waste output by households/gov’t Waste consumption by households/gov’t Statistics Canada • Statistique Canada 10/11/2018

Physical stock accounts Statistics Canada • Statistique Canada 10/11/2018

Monetary stock accounts Statistics Canada • Statistique Canada 10/11/2018

Statistics Canada • Statistique Canada Valuation exercise Statistics Canada • Statistique Canada 10/11/2018

Steps to value a resource stock Estimate the physical stock Calculate the resource rent Calculate the net present value Statistics Canada • Statistique Canada 10/11/2018

Valuation ― Estimate the stock B C D E F G H I J K L M N O P Crude Bitumen - 211114   Reserves under active development 4.00% = Discount rate Physical accounts GEOMETRIC Year Total revenues Total production costs Depreciation Net capital stock Rate of return Return to capital Total extraction costs Resource rent Opening Stock Additions / Revisions Depletion / Quantity of production Closing Stock Reserve life Discount factor Net Present Value $ '000 '000 m³ years % $'000 000 CAPP1 CAPP2 CANSIM 031-00023 Rate of return folder (E*F) (C+D+G) (B-H) (Mt-1) (M-J+L) AER ST984 (M/L) (PV(N$2,N##,-1/N##)) (I*N*O)/1000 1 10,000.00 4,000.00 100.00 0.02 200.00 4,300.00 5,700.00 .. 100,000 1,000 99,900 99.90 0.25 139.67 Statistics Canada • Statistique Canada 10/11/2018

Valuation ― Estimate the rent B C D E F G H I J K L M N O P Crude Bitumen - 211114   Reserves under active development 4.00% = Discount rate Physical accounts GEOMETRIC Year Total revenues Total production costs Depreciation Net capital stock Rate of return Return to capital Total extraction costs Resource rent Opening Stock Additions / Revisions Depletion / Quantity of production Closing Stock Reserve life Discount factor Net Present Value $ '000 '000 m³ years % $'000 000 CAPP1 CAPP2 CANSIM 031-00023 Rate of return folder (E*F) (C+D+G) (B-H) (Mt-1) (M-J+L) AER ST984 (M/L) (PV(N$2,N##,-1/N##)) (I*N*O)/1000 1 10,000.00 4,000.00 100.00 0.02 200.00 4,300.00 5,700.00 .. 100,000 1,000 99,900 99.90 0.25 139.67 RRI = TR - C - (rcK + ) where: RR = resource rent (annual) TR = total annual revenue C = annual non-capital extraction cost (excluding taxes)  = annual depreciation rcK = return to produced capital Statistics Canada • Statistique Canada 10/11/2018

Valuation ― Calculate the NPV B C D E F G H I J K L M N O P Crude Bitumen - 211114   Reserves under active development 4.00% = Discount rate Physical accounts GEOMETRIC Year Total revenues Total production costs Depreciation Net capital stock Rate of return Return to capital Total extraction costs Resource rent Opening Stock Additions / Revisions Depletion / Quantity of production Closing Stock Reserve life Discount factor Net Present Value $ '000 '000 m³ years % $'000 000 CAPP1 CAPP2 CANSIM 031-00023 Rate of return folder (E*F) (C+D+G) (B-H) (Mt-1) (M-J+L) AER ST984 (M/L) (PV(N$2,N##,-1/N##)) (I*N*O)/1000 1 10,000.00 4,000.00 100.00 0.02 200.00 4,300.00 5,700.00 .. 100,000 1,000 99,900 99.90 0.25 139.67 Statistics Canada • Statistique Canada 10/11/2018

Statistics Canada • Statistique Canada Questions? Joe St. Lawrence Statistics Canada | 170 Tunney's Pasture Driveway, Ottawa ON K1A 0T6 Statistique Canada | 170, promenade Tunney's Pasture, Ottawa ON K1A 0T6 Joe.St.Lawrence@statcan.gc.ca Telephone | Téléphone 613-882-8598 Facsimile | Télécopieur 613-951-0634 Government of Canada | Gouvernement du Canada . Statistics Canada • Statistique Canada 10/11/2018