1. Non-financial balance sheets for the Netherlands
Murat Tanriseven
1-3 December 2010, WPNA meeting

2. Outline Produced assets Subsoil assets
Fixed assets
Inventories
Consumer durables
Land
Subsoil assets
Division by institutional sector
Results
Further research

3. Fixed assets Perpetual Inventory Method (PIM)
Livestock for breeding,dairy and draught: direct observation

4. Inventories Materials and supplies Work in progress Finished goods
Goods for resale
Source: business surveys

5. Land - Land underlying dwellings and nonresidential buildings
Tax value of real estate (incl. land) – PIM value buildings
- Land under cultivation
Land use statistics and price of agricultural land

6. Subsoil assets Oil and gas reserves Net present value method
Physical extraction scenario’s – decreasing
Resource rent (3 year average) – endogeneous
Other subsoil assets
-Infinite reserves
-Constant extraction scenario (assumption)

7. Consumer durables - Same method that is used for fixed assets
- Difference: consumption of fixed capital
- Consumption that is disappeared from SUT, but is still in use by households
- 7 different categories, euro per household

8. Division into institutional sectors
- Fixed assets: ratio of production per date of construction
- Inventories: ratio of production and use
- Land: ratio of dwellings and non-residential buildings
- Subsoil assets: government sector
- Consumer durables: households sector

9. Results (1) 1996 2000 2005 2008 Billion € Fixed assets 1052 1302 1651
1892
Inventories 55 68 73 91
Land
264
753
1037
1233
Subsoil assets 71
110
177
Consumer durables 98
126
146
157
All assets
1537
2320
3017
3550

10. Results (2) 2008, billion € S.11 S.12 S.13 S.14 S.15 S.1 Fixed assets
709 35
349
796 2
1892
Inventories 83 8 92
Land
339 22 60
812 1
1234
Subsoil assets
177
Consumer durables
157
All assets
1131 57
586
1773 3
3550

11. Results: Country comparison, 2008
Nether-lands
France
Japan
Canada
Australia
Dwellings
28%
30%
10%
23%
21%
Non-residential buildings
20%
15%
29%
19%
Inventories 3% 4% 2%
Non-produced assets
42%
45%
49%
48%
Other fixed assets 7% 8% 6%

12. Further research Estimations for other natural assets
Improved connection with sector accounts