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1993 SNA Update Information - AEG recommendations for issue:
Contracts and leases of assets

Issue description
Issue description in [English] | [French] | [Russian] | [Spanish]
The 1993 SNA refers to contracts, leases and licences in a number of contexts but there is no overview that sets out the principles of the appropriate treatment of all such arrangements. Further, clarification is desirable concerning several specific points:
1. the definition and treatment of operating and financial leases on fixed assets,
2. when legal constructs should be recognized as assets,
3. whether tradable government permits should be treated as assets,
4. can sub-contracting lead to the creation of an asset,
5. can a difference between a contract price and the corresponding prevailing price affect the treatment of existing leases.
AEG recommendations
Number of AEG recommendations for selected issue:2
  Corresponding meetingDate postedRecommendation
 Jan-Feb 20064/7/2006Government permits
The AEG was almost equally split on this issue, with a very narrow majority favouring treatment as a tax rather than as a sale of a non-produced non-financial asset. The ISWGNA will consider this matter further.
 Jan-Feb 20064/7/2006Leases and licences
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