Chapter 10: The Capital
Account
Fifth meeting of the Advisory Expert
Group on National Accounts
United Nations, New York
19-23 March 2007
Asset boundary
The issue relates to the asset boundary
concerning fish in the territorial waters of a
country.
It is unclear if the fish in itself meets the required
criteria of an asset, and should be treated like
farmed fish in the system. It is also unclear if
there are no ownership rights on the fish but
solely on fishing.
Question to the AEG
1. Are the fish in the territorial waters of a
country an economic asset for the
country or not? There are no
ownership rights of the fish but of
fishing?
Work in progress
10.121-10.122 The value of the additions to
work- in-progress for non-agricultural products
within a given accounting period can be
approximated by calculating the proportion of
total production costs incurred in that period.
Work in progress
10.122 says for agricultural products, this
method of allocating output over multiple
periods may not be satisfactory. A
disproportionate share of the costs may be
incurred in sowing a crop with little if any costs
being incurred until harvest.
In the comments, it is argued that there are a lot
of preparation and maintenance activities in all
quarters and invariable costs are charged to
all quarters.
Question to the AEG
2. Would it be appropriate, where
feasible, to calculate work in progress
using the cost structure or an average
cost structure for all agricultural
products?