1. Progress Report on Annual Financial Accounts
Item 3 Eurostat Task Force on Annual Financial Accounts Frankfurt am Main, 9 March 2017

2. Contents
Purpose of the report
The 2016 reporting round
Other AFA issues

3. Purpose of the report Timeliness Completeness Non-compliance
'Reporting round'= March 2016 – March 2017
AFA transmitted at t+9 months under ESA 2010 TP
Focus:
Timeliness
Completeness
Non-compliance
Other quality issues

4. The 2016 reporting round End-June 2016 13 EU-MS + NO 2015: +5 MS
End-July 2016
16 MS
20 October 2016
28 MS validated
2015: 28 MS
2014: 25 MS
Several countries compile each quarter the AFA at the same time as quarterly production.
We encourage frequent updates and transmission to Eurostat

5. The 2016 reporting round MIP Extraction date 24 October
MoU between Eurostat and ECB
Since 20 October 2016
New AFA transmissions
EU-MS: BE, DK, DE, IE, ES, HR, PL, FI, SE and UK
Non EU-MS: NO, IS, CH and TR

6. The 2016 reporting round

7. The 2016 reporting round

8. The 2016 reporting round
Other changes in volume and revaluation accounts
Non-Consolidated (mandatory for 2012 onwards)
25 EU-MS (except countries with derogation: PL, SK, UK) + IS, NO, CH
Consolidated (voluntary)
2015: 15 MS + NO,CH
2014: 14 MS
2013: 13 MS

9. The 2016 reporting round
Transaction and balance sheet tables by counterpart main sector
2015: EL, HU, AT, MT and FI
No change compared to 2014
'Full' sector consolidation of S.1
Elimination of flows and positions between sectors of domestic economy
No 'full' consolidation for BG, CZ, DE, EE, IE, HR, LV, LU, PL, RO and SK

10. ESA 2010 quality assessment
Other AFA issues
Reference metadata
"Publications of sources and methods for compilation of annual financial accounts"
Explanatory notes
STRUVAL
Pre-validation on compatibility of SDMX structure of transmission files
No checks of series coding or data content  CONVAL
ESA 2010 quality assessment
Annual exercise
2 quantitative indicators:
data completeness rate
punctuality

11. TF AFA members are invited to:
Other AFA issues
Review and comment on the report.
Act on the non-compliance and quality issues.
Ensure progress on closing the derogations.
Provide updated metadata information.
TF AFA members are invited to: