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1993 SNA Update Information - AEG recommendations for issue:
Государственные и нерыночные производители: стоимость капитала собственных активов

Issue description
Issue description in [English] | [French] | [Russian] | [Spanish]
В соответствии с рекомендациями СНС 1993 года, суммируя расходы с целью измерить объем продукции нерыночных услуг, стоимость услуг, предоставленных собственными нефинансовыми активами производителя, следует измерять как расходование основного капитала. Это означает, что прибыль на эти используемые активы, равно как и альтернативная стоимость капитала, не признаются. В результате возникает несоответствие с суммой ренты, которая подлежала бы выплате в том случае, если бы данные активы арендовались. Следует ли внести изменения в данную рекомендацию СНС и вместо стоимости амортизации основного капитала учитывать стоимость капитальных услуг (амортизацию основного капитала, предполагаемые доходы от прироста капитала/убытки и затраты основного капитала, или проценты)?
AEG recommendations
Number of AEG recommendations for selected issue:3
  Corresponding meetingDate postedRecommendation
 Jan-Feb 20064/7/2006(a) The AEG agreed that the expected real rate of return on government bonds is an appropriate indicator. If necessary, it should be supplemented by other indicators of the cost of capital to government, particularly if a country has a thin bond market or a negative real rate of interest.
(b)-(d) The AEG did not consider this breakdown of assets was helpful and preferred to say that by convention a return to capital should appear for all fixed assets and only fixed assets. This means that a rate of return should be calculated for computers, vehicles, etc used by employees and for roads and infrastructure and for city parks and historical monuments to the extent that they are included in fixed assets. By convention, no return to capital would be applied to other classes of assets.
(e) The AEG did not favour including a rate of return on “open land”. On balance, the AEG agreed that a rate of return should not be estimated on land under buildings. However, the AEG acknowledged that it may be difficult for some countries to exclude it, given their estimation methods. Therefore the AEG recommended that, by convention, it should be excluded but, in practice, it may be impossible to do so.
The AEG agreed that since land improvements should be included in fixed assets, a rate of return was appropriate for them.
 July 20059/12/2005The AEG reaffirmed the principle to include a return to capital on non-financial assets used in non-market production.
It was agreed to follow-up on a one-on-one basis the comments from the global and country consultations, including those comments on the scope, and report back to the next AEG Meeting in early 2006.
 December 20041/11/2005There was strong support in principle for including a return to capital, viewed as an opportunity cost, in the measurement of non-market output. However, concerns were expressed about the rate of return to be chosen and availability of data for capital stock.
In terms of the range of assets which could be covered, most participants favored including those assets in the generation of government output similar to those assets used in market production. A smaller number favored including roads and other infrastructure assets. Progressively fewer favored including assets such as city parks serving the community at large and land.
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