Con solidation Methods. WPFS 6-7 October 2003 Item 5 By Michèle Chavoix-Mannato STD/NAES. Purpose of the document. To present the current situation of the FA database To highlight some lack or deficiencies To insist on the importance of having as much information as possible
WPFS 6-7 October 2003
By Michèle Chavoix-Mannato
Simple sum of values at each level of the hierarchy
- by sector (ex. S1 = S11 + S12 + S13 + S14 + S15)
- by instrument(ex. F2 = F21 + F22 + F29)
Elimination of transactions
- between institutional units of the same sub-sector
- between institutional units of the same sector
to avoid a wrong interpretation of certain information
to preserve the rule of additionality of data
to retain only transactions between sectors or sub- sectors
to better know the financial position of the macro- economic players
Tables for financial accounts and balance sheet accounts should be sent to OECD by all countries both non-consolidated and consolidated.
Consolidation rules apply at:
The sum of financial transactions over the consolidated sub-sectors accounts does not equal the financial transactions for the consolidated sector accounts
The balancing items add across the sectors and equal the sector total; they are identical with the non-consolidated balancing items.
It is proposed to extend the principles established by Eurostat to all OECD countries
Countries are requested to provide the OECD with precise information on the methods currently used in their country, along the line of the model in the document submitted by France (in annex 2).
The Secretariat will
Financial Statistics Unit