| 10/11/2006||Armenia||The National Statistical Service of the Republic of Armenia agrees with the most recent AEG recommendations.|
| 9/29/2006||Bank of Korea||We agree in principle with the recommendations of the AEG for preferring transaction prices to value unquoted equity. However, the other alternatives are required to be ranked. |
| 8/25/2006||Central Bank of Ecuador||Con relación al valor de mercado de las acciones, en el caso ecuatoriano, resulta muy complicado establecerlo, pues su mercado de valores es poco desarrollado y en bolsa cotizan un número limitado de compañías.
Se ha dado el caso de que algunas compañías nacionales han sido adquiridas por inversionistas extranjeros y el valor que han pagado por la compra de la compañía está muy por encima de lo que registra la compañía en sus balances como acciones.
Sería interesante que se amplíe la definición de "acciones y otras participaciones de capital (F5)" a efectos de aclarar si se considera únicamente el capital pagado (acciones) o los otros rubros que forman parte del patrimonio (por ejemplo reservas, aportes para futuras capitalizaciones, utilidades acumuladas), es decir todos los derechos al valor residual de las sociedades, porque ésta sería una alternativa para los casos de empresas que no cotizan en bolsa en países que no tienen mercado de valores desarrollado.
Caso contrario, sería interesante conocer métodos alternativos para identificar el valor de las acciones para efectos de construcción de las cuentas nacionales, en donde se maneja un número significativo de sociedades de todo tipo de actividad.|
| 8/21/2006||Central Bank of El Salvador|| m4cbElSalvadorC9; m4cbElSalvadorC9-english; |
| 8/18/2006||Netherlands||We generally support the recommendations made at the Frankfurt Meeting of the AEG. |
| 8/18/2006||Bank of England||• The meeting report uses the terms quoted/unquoted and listed/unlisted interchangeably but opts for the quoted/unquoted form for SNA headings. We wonder whether the listed/unlisted form is in more common use. |
• The meeting report says: “(b) The AEG agreed that transaction prices are the preferred means of valuing unquoted equity.” We remain concerned that reporters will in practice opt to report at historical cost which IFRS permits as an alternative to fair value.
| 8/18/2006||USA||We agree with the recommendations of the AEG.|
| 8/18/2006||State Bank of Pakistan||To value the shares of an unquoted corporation, it is suggested that the valuation should be based on net worth of the corporation and it should be raised by average percentage of dividend paid during the recent last 3 years.|
| 8/2/2006||European Central Bank||The ECB generally supports the recommendations made by the AEG.|
| 8/1/2006||Hong Kong, China||We support to split quoted and unquoted shares as a supplementary item. Transaction prices are the preferred means of valuing unquoted equity. For other alternative methods proposed by the AEG, it would be useful if their relative strengths and weaknesses could be indicated, as well as showing a list of preferences.|
| 8/1/2006||National Bank/National Bureau of Moldova||We back the AEG opinion that the equity should be broken down into additional sub-components and its treatment should be clarified in more detail in the SNA in order to harmonize it with BPM5 and other standards. |
| 8/1/2006||Reserve Bank of South Africa||We carefully worked through all the issues and would like to give our general support to the recommendations made by the AEG.|
| 7/31/2006||Macao SAR||Statistics and Census Service of Macao SAR agrees to the AEG recommendations and has no further comments.|
| 7/31/2006||Bosnia and Herzegovina||We agree with AEG recommendations on the update of the 1993 SNA and do not have any further comments.|
| 7/28/2006||National Bank of Slovakia||Concerning the results of the most recent AEG meeting, we fully support the conclusions and recommendations made by the AEG.|
| 7/28/2006||Bank of Portugal||Banco de Portugal would like to express general support for the recommendations made in the Frankfurt meeting of the Advisory Expert Group on National Accounts (AEG). |
| 7/28/2006||Bank of Poland||Please find our general support for the AEG recommendations made during its recent meeting in Frankfurt. |
| 7/27/2006||Poland||The aspect of registration in the System changes of own funds resulting from re-invested earnings is not covered in the current SNA or in ESA 95.
It is crucial for comparability reasons to solve this issue and set explicit rules how to record the change of own funds resulting from re-invested earnings.
| 7/27/2006||Bank of Sierra Leone||We agree with the recommendations made by the AEG.|
| 7/25/2006||Bank of Italy||We broadly support the conclusions.|
| 7/24/2006||National Bank of the Republic of Azerbaijan||We have analyzed the “Comment on the recommendations of the most recent Advisory Expert Group on National Accounts (AEG) meeting (January 30 – February 8, 2006) in Frankfurt” within the scope of our responsibilities and I am pleased to inform you that we are in agreement with the AEG recommendations. |
| 12/13/2005||Canada||Canada believes more clarity is needed on this issue and looks forward to the discussion of the Task Force report at the next AEG.|