(c) all adjustments and corrections that have been made in respect of inventory changes, book inventories and physical inventories.

For all inventory changes and physical inventories the records shall show, in respect of each batch of nuclear material:

(2) Notwithstanding the provision of the first paragraph of this Article, a taxable person calculating the inventories subject to Article 14 of the Corporate Profit Tax Act (Uradni list RS, No. 14/03-official consolidated text) may, as at the date of application of this Act, select another method of calculating inventories, and shall be obliged to show the effect of the changes in terms of value.

(1) A taxable person's period referred to in the second paragraph of Article 24 of this Act shall also include the period of calculating inventories prior to the date of application of this Act subject to Article 14 of the Corporate Profit Tax Act (Uradni list RS, No. 14/03-official consolidated text), starting with the last change of the method selected.

In making a determination of serious damage, or actual threat thereof, as referred to in paragraph 2, the Member shall examine the effect of those imports on the state of the particular industry, as reflected in changes in such relevant economic variables as output, productivity, utilization of capacity, inventories, market share, exports, wages, employment, domestic prices, profits and investment; none of which, either alone or combined with other factors, can necessarily give decisive guidance.

Exceptional and catastrophic losses of goods in inventories have to be recorded in the accumulation accounts, namely in the "other changes in the volume of assets" account.

- Change in inventories and acquisitions less disposals of valuables

Changes in inventories

changes in inventories

changes in inventories;

(b) Changes in inventories

CHANGES IN INVENTORIES (P. 52)

When volume and price changes of inventories are not too large, the direct deflation of the change in inventories with an average price index of the year provides an alternative.

Changes in inventories by industry

Inventories at the beginning and at the end respectively of each period may have to be calculated at constant prices in order to estimate the volume change in inventories during the period.

changes in inventories and valuables

Together with changes in inventories

transactions recorded as changes in inventories:

TIME OF RECORDING AND VALUATION OF CHANGES IN INVENTORIES

Changes in inventories are measured by the value of entries into inventories less the value of withdrawals from inventories, and the value of any recurrent losses of goods held in inventories during a given period.

Changes in inventories are measured by the value of the entries into inventories less the value of withdrawals and the value of any recurrent losses of goods held in inventories.

Acquisitions less disposals of valuables by industry Changes in inventories by industry

Changes in inventories should be valued at the time of entering the inventories (for goods entering) or at the time of withdrawal (for goods withdrawn).

When changes in the volume and the prices of inventories are fairly regular, estimates of changes in inventories can also be obtained by multiplying the volume change of inventories by average prices for the current year or the base year.

ESA 95, point 10. 56 states that changes in inventories in constant prices can be calculated by deflating entries into and withdrawals from inventories separately with appropriate price indices.

If they refer to the current year, the value measures the volume changes in inventories at current prices.If the average prices refer to a base-year, the value corresponds to volume changes in inventories at base-year prices.

In ESA 95 production of services will therefore give rise to changes in inventories consisting of work-in-progress.

when changes in the volume of inventories are fairly regular, a practical method which comes close to the theoretical valuation principle is to multiply the volume change of the inventories by the average prices for the period (purchasers' prices for inventories held by users or by wholesalers or retailers, basic prices for inventories held by their producers);

Changes in inventories and acquisitions less disposals of valuables and acquisitions of non-produced non-financial assets

As a second alternative and as a cross-check, estimates of changes in inventories can also be obtained as the difference between stocks of inventories held at the end and the beginning of the period, respectively.

The time of recording and valuation of changes in inventories should be consistent with that of other transactions in products.

This can be achieved by deflating separately sales and purchases of traders (taking appropriate account of changes in inventories).

The general index price to be applied for this calculation is the price index for final national uses, excluding changes in inventories.

deductible VAT usually applies to most of intermediate consumption, most of gross fixed capital formation and part of changes in inventories;

Exceptional and catastrophic losses of goods in inventories have to be recorded in the accumulation accounts, namely in the 'other changes in the volume of assets' account.

non-deductible VAT often applies to final consumption expenditure, parts of gross fixed capital formation, part of changes in inventories and part of intermediate consumption;

If the time of use does not coincide with the time of purchase, adjustments should be made in such a way to take account of the changes in price due to the lapsing of time (in a manner symmetrical with changes in the prices of the inventories).

Intermediate consumption has therefore to be estimated by subtracting from the purchases the changes in inventories of inputs (see paragraphs 3. 120 to 3. 124 for the correct valuation of the latter).

However, the purchasing power of these variables can be obtained by deflating the current values with a suitable price index, e. g. the price index for final national uses, excluding changes in inventories.

the acquisition or disposal of these goods by jewellers and art dealers (following the general definition of valuables the acquisition of these goods by jewellers and art dealers should be recorded as changes in inventories);

in case the prices of the goods involved remain fairly constant, even large fluctuations in the volume of inventories may not invalidate a simple approximation, i. e. the multiplication of the volume change with the average price;

In fact, netting is implicit in various transaction categories, the most outstanding example being 'changes in inventories', which underlines the analytically significant aspect of overall capital formation rather than tracking daily additions and withdrawals.

For example, quarterly valuation of the changes in inventories or the use of a priori information about the distribution of the fluctuation within the accounting period (fluctuations may be largest at the end of the calendar year, during harvest time, etc.);

if only information about the values at the beginning and end of the period are available (e. g. in case of wholesale or retail trade in which inventories often exist of many different products), the changes in volume between the beginning and end of the period should also be estimated.

It therefore shows, by product group and for the total economy, the resources (output and imports) and the uses of goods and services (intermediate consumption, final consumption, gross fixed capital formation, changes in inventories, acquisitions less disposals of valuables, exports).

This convention avoids frequent reclassification between the three main types of capital formation, i. e. between acquisition less disposal of valuables, fixed capital formation and changes in inventories, e. g. in the case of transactions of such goods between households and art dealers.

The goods and services account shows, for the economy as a whole or for groups of products, the total resources (output and imports) and uses of goods and services (intermediate consumption, final consumption, changes in inventories, gross fixed capital formation, acquisitions less disposals of valuables, and exports).

In making a determination of serious damage, or actual threat thereof, as referred to in paragraph (a) the effect of those imports on the state of the particular industry shall be examined, as reflected in changes in such relevant economic variables as output, productivity, utilization of capacity, inventories, market share, exports, wages, employment, domestic prices, profits and investment.