Institutional sub-sectors and the delineation of head offices, holding companies and special purpose entities Item 5.2 of the agenda 9th Meeting of the.

Slides:

Advertisements

Similar presentations

Challenges of the Financial Corporations sub-sectors. Joint WPFS-WPNA Workshop: SNA Implementation Presenter: Dr Robert Dunn (Head of ESA 10 Implementation.

Advertisements

Main conclusions from the Task Force on Head Offices, Holding Companies and SPEs Frankfurt, February 2013.

United Nations Statistics Division Holding companies and head offices.

The financial sector -subsectors, units and main data issues Workshop on the Implementation of the 2008 SNA in EECCA countries and linkages with BPM6 and.

2.1 METHODOLOGY FOR DELINEATION AND MEASUREMENT OF PENSION ENTITLEMENTS Peter van de Ven Head of National Accounts, OECD Advisory Expert Group (AEG) on.

General Government – methodological treatment of selected cases from the EU John Verrinder Eurostat.

9 th Meeting of AEG Economic Ownership of Intellectual Property Products by SPEs Michael Connolly Chair UNECE Task Force Global Production September 2014.

New financial sector delineation in ESA 2010: First assessment for the financial accounts in Austria Workshop on SNA 2008 / ESA 2010 OECD - October 2011.

Nadim Ahmad, OECD Presented by Peter van de Ven, OECD

Classification of Holding Companies and Head Offices according to NACE Rev.2.

Pension Workshop Outcomes SNA Table and proposed table 17.xx Conceptual recommendations for AEG and research agenda Actuarial considerations and.

Pension schemes An intrepretation of the AEG short minutes François Lequiller OECD.

THE DISTINCTION AND LINKS BETWEEN BALANCE SHEETS OF NON-FINANCIAL CORPORATIONS IN THE SNA AND BUSINESS ACCOUNTING Peter van de Ven Head of National Accounts,

Update of the 1993 SNA: The Treatment of Units Peter van de Ven.

Enlargement of the financial corporations sector: Classification of holding companies and other captive institutions Methodological questions and practice.

1 AEG New York, April 2012 Delineation of classification of head offices, holding and SPEs AEG New York, April 2012.

Classification and terminology of financial corporations in the updated SNA Reimund Mink Paris, 10 and 11 October 2005 Paper prepared for the meeting of.

1 Chapter 1 Real Estate and the U.S. Economy 2 Learning Objectives Describe the role of real estate activity in the U.S. economy Cite mortgage and other.

EUROPEAN COMMISSION - EUROSTAT ESSnet on Consistency of Concepts and Methods of business-related Statistics 2010 project on statistical units n°

Government/Public/Private Sector - Delineation Issues GRAHAM JENKINSON OFFICE FOR NATIONAL STATISTICS.

1 Statistical business registers as a prerequisite for integrated economic statistics. By Olav Ljones Deputy Director General Statistics Norway

Progress Report on the Review of the SNA Carol S. Carson Project Manager Working Party on National Accounts OECD, Paris, October 11-14, 2005.

Special Purpose Entities GGNA, April 29th 2010 Bob Groot Statistics Netherlands Agenda item 6.

Units in the 1993 SNA SNA/M1.06/25.2 Fourth meeting of the Advisory Expert Group on National Accounts 30 January – 8 February 2006, Frankfurt UN STATISTICS.

Units and Sectors in SNA 2008 Workshop on the Implementation of the 2008 SNA, Kiev, 29 November – 2 December 2011 Kurt Wass EFTA Statistical Office Agenda.

Simone Ambroselli “Session 3 – Profiling (Costs and Benefits)” The impact of “Special cases” and intra-group transactions in the MNEs.

TFHPSA: Government / public / private sector delineation SNA Advisory Expert Group Frankfurt am Main, February 2006.

Monetary & Financial Statistics Division November 2005 © Bank of England The statistical treatment of securitisation vehicles Bank of England comments.

ACC 541 Week 6 Learning Team Auditing a Publicly Traded Company Traded Company To purchase this material click below link

Statistical Units in Statistical Business Registers and SNA

Statistical definitions of informal economy Informal sector

Chapter 7: The Distribution of Income Accounts

A Proposal for a Future SNA Update Strategy

THE INFORMAL SECTOR in the 1993 SNA, Rev.1

Task force on statistical units: survey of current practices

Non-Financial Corporations

Purchased Goodwill and Marketing Assets in the SNA

Item III.3: Research and Development

Consolidated vs non consolidated data : Belgium experience

Some remarks on the comments made by the Bank of England

Inventory first method

Tax credits in ESA ESA 2010 course January 2014 Cecilia Pop

A legal framework for Urban Audit – Next steps

Jennifer Ribarsky, OECD

Item 5.3 – Classification of learning activities (CLA)

Institutional units according to ESA 2010 Market and non-market output

Full consolidation of S.1

بسمه تعالی کارگاه ارزشیابی پیشرفت تحصیلی

Review of SNA research agenda

Institutional units according to ESA 2010

Institutional units according to ESA 2010 Market and non-market output

Functioning of the Materiality threshold GNIC/340

Adriaan Bloem, IMF John Ruser, BEA Co-chairs

Sector S.11 Non-financial corporations

Euro-indicators Working Group

Sectors and sub-sectors

22nd Meeting of the Wiesbaden Group on Business Registers

MGDD Revision Denis Besnard (D1)

Item 7 - Roadmap and mandate for the Task Force on UOE Education Expenditure Data Eurostat Education and Training Statistics Working Group - Luxembourg,

Department of Commerce S. M. Joshi College, Hadapsar, Pune-28

OECD/Eurostat Task Force on Land and other non-financial assets - IPP

General Government Impact on the Economy.

Results of the AEG e-consultation on Multi-territory enterprises

Sectors and sub-sectors

Working with words / Company facts

Results of the AEG e-discussion on Reverse transactions

Specific units Martin Kellaway

Observed negative values for stock of financial instruments in the annual financial accounts transmissions Item 6 Eurostat Task Force on Annual Financial.

General Government Delimitation, Definition and the EDP compilation.

Item III.9: Head offices and holding companies

Presentation transcript:

Institutional sub-sectors and the delineation of head offices, holding companies and special purpose entities Item 5.2 of the agenda 9th Meeting of the AEG Washington, 8-10 September 2014 Eurostat C1

Delineation of Head offices and holding companies New issue of 2008 SNA :Distinction between head offices and holding companies. Implementation problems OECD/ECB/Eurostat Task Force Consultation of the AEG – 8th meeting in Luxembourg Draft note for SNA News and Notes

8th AEG meeting: Conclusions on head offices and holding companies Standard SNA criteria for an institutional unit should always be applied. Non-residents are always to be considered as institutional units; no “downstream consolidation” of a holding with its subsidiary/-ies. “no employees and no compensation of employees” is not a sufficient criterion to determine the lack of institutional independence Having multiple parents/shareholders is a sufficient qualification for a unit to be considered an institutional unit.

8th AEG meeting: Conclusions on head offices and holding companies Head offices are always to be considered as separate institutional units. Having at least 50% of its assets consisting of equity vis-à-vis its subsidiaries can be considered as a practical indicator for identifying entities as being either HOs or HCs. In general, employment of three or more persons could be considered as a first indicator for a unit being a head office.

Next steps Work on SPEs, in particular on the treatment of IPPs is ongoing Another SNA News and Notes on SPEs Please comment on the draft note on holding companies and head offices. Thank you for your kind attention