Capital account

Capital account

the capital account (one of the accumulation accounts).

Capital account (III. l)

Capital account (V. III. 1)

The capital account makes it possible to determine the extent to which acquisitions less disposals of non-financial assets have been financed from saving and capital transfers.

The capital account makes it possible to determine the extent to which acquisitions less disposals of non-financial assets have been financed out of saving and by capital transfers.

The Rest of the World capital account records acquisitions less disposals of non-produced non-financial assets by non-resident units and measures the changes in net worth due to saving and capital transfers.

The capital account records acquisitions less disposals of non-financial assets by resident units and measures the change in net worth due to saving (final balancing item in the current accounts) and capital transfers.

the capital account (one of the accumulation accounts).

The capital account makes it possible to determine the extent to which acquisitions less disposals of non-financial assets have been financed from saving and capital transfers.

(a) The Court may hold funds, currency of any kind or gold and operate accounts in any currency;

(iii) foreign exchange accounts held at SFRY joint venture banks abroad and valued on 31 March 2001 at $ 645.55 million; and

The calculation of the supplementary capital adequacy requirements of the regulated entities in a financial conglomerate shall be carried out on the basis of the consolidated accounts.

The calculation of the supplementary capital adequacy requirements of the regulated entities in a financial conglomerate shall be carried out on the basis of the accounts of each of the entities in the group.

This includes also a company in which a capital investment is held by a company on behalf of which and for the account of which the Agency exercises its voting rights on the basis of statutory provisions.

(1) In determining the tax basis, the expenditure arising from revaluation which is a consequence of the changed purchasing power of the domestic currency which, subject to the Slovene Accounting Standards, is carried out with regard to the capital at the end of each financial year shall not be recognised.

When calculating the supplementary capital adequacy requirements with regard to a financial conglomerate by applying method 1 (Accounting consolidation) referred to in Annex I, the own funds and the solvency requirements of the entities in the group shall be calculated by applying the corresponding sectoral rules on the form and extent of consolidation as laid down in particular in Article 54 of Directive 2000/12/EC and Annex I.1.B. of Directive 98/78/EC.

"participation" shall mean a participation within the meaning of the first sentence of Article 17 of Fourth Council Directive 78/660/EEC of 25 July 1978 on the annual accounts of certain types of companies(16), or the direct or indirect ownership of 20 % or more of the voting rights or capital of an undertaking;

The Agency will, by implementing the provisions of this Code on transparency, ensure such corporate governance of Capital Investments that the remaining Shareholders and partners will be clearly informed about its exercise of rights of governance in companies on behalf of and for the account of the Republic of Slovenia and its voting at each individual General Meeting.

(2) The expenditures arising from revaluation other than revaluation referred to in the first paragraph of this Article, excluding the expenditure arising from revaluation of debts, claims, financial investments and pecuniary claims which, subject to the Slovene Accounting Standards, are revalued as a consequence of the changed exchange rate, and the expenditures arising from the use of the capital method of valuating financial investments shall not be recognised.

With regard to transactions on the capital account of the balance of payments, from entry into force of this Agreement, the free movement of capital shall be ensured for the purposes of direct investments made in companies formed in accordance with the laws of the host country, investments made in accordance with the provisions of Chapter II, and the liquidation or repatriation of these investments and of any profit stemming therefrom.

Elements of the capital account

These should be included as capital taxes in the capital account;

The solvency margin shall be calculated in accordance with the provisions of Article 16 (3).

These distributive transactions are recorded in the capital account (cf. 1.41 and 1.48).

In theory, consumption of fixed capital should be calculated for livestock(30).

Gross capital formation is recorded as a use (a change in assets) in the capital account.

They are recorded in the capital account of the sector/industry as changes in liabilities and net value.

the paid-up share capital or, in the case of a mutual insurance undertaking, the effective initial fund plus any members' accounts which meet all the following criteria:

The SNA 93 (6.185), unlike the ESA 95 (6.03), considers that consumption of fixed capital should be calculated for livestock.

shall be treated under ESA second edition as current transfers (in the distribution of income account - C3) or capital transfers (in the capital account - C5), and not as if they were deductible VAT.

The account also records distributive transactions corresponding to aid for investment and other capital transfers in the capital account.

The net acquisition of land (and other non-produced tangible assets) is recorded in the capital account (acquisitions of non-financial assets account).

The distinction made in the ESA 95 between current accounts and the capital account enables maximum potential consumption to be studied using the measure of consumption and saving in the current accounts and that of the change in the value of assets in the capital account.

"Dealing on own account" means trading against proprietary capital resulting in the conclusion of transactions in one or more financial instruments;

If the economic life of the means of production is more than one year, the consumption of fixed capital represents the amount of fixed capital used up in the production process during the accounting period as a result of normal wear and tear and foreseeable obsolescence(48).

By contrast, compensatory transfers for losses of goods in inventories and/or plantations used as factors of production are recorded as other capital transfers in the capital account.

financial leasing payments made for the use of fixed assets for agriculture do not constitute purchases of services but transactions to be entered partly under interest (in the entrepreneurial income account) and partly as reimbursement of the capital (in the financial account) (cf. 2.122);

Only the rent part (treated as an imputed loan granted by the lessor to the lessee) paid by the lessee is included under payment of interest (the capital part is recorded in the financial account).

Animals classed as fixed assets and taken out of the productive herd are transferred into stocks before their sale, but the sales of these animals (slaughterings or exports) appear in the accounts as destocking, seen only in the capital account.

trade in fixed-asset livestock between agricultural units is not recorded in sales as defined above but as trade in assets (recorded in the capital account as GFCF of agriculture).

nevertheless, no fixed capital consumption is calculated in these cases because it is assumed that once this installation has been made, it will always keep the same value as a result of constant purchases of replacement items to make up for those which have been lost or become unusable.

"Market maker" means a person who holds himself out on the financial markets on a continuous basis as being willing to deal on own account by buying and selling financial instruments against his proprietary capital at prices defined by him;

rent paid, either directly or as a component of a tenancy agreement, for use of non-residential buildings and other capital assets (whether tangible or intangible) such as the hire of machines and equipment without operating staff (cf. 1.23) or computer software.

It is not possible to compile a complete capital account for agriculture because, although certain flows may be clearly attributable to this industry, other items (e.g. net saving, the balance of the sequence of the current accounts) cannot be calculated on an industry basis.

To reflect the impact of differing accounting and actuarial approaches, it is appropriate to make corresponding adjustments to the methodology for the calculation of the solvency margin requirement so that this is calculated in a coherent and consistent manner, thus placing insurance undertakings on an equal footing.

payments for the use of non-produced intangible assets such as patented assets, trade marks, copyright, milk quotas or other production rights, etc. Purchases of these non-produced intangible assets, on the other hand, are recorded in the capital account;

(7) Notwithstanding the sixth paragraph of this article, the clearing and depository company shall transfer the shares of the bank to the account of the investor under the sixth paragraph of this article only when the Bank of Slovenia informs it that the investor has implemented an appropriate procedure for the increase of the initial capital of the bank.

These acquisitions are not recorded as GFCF (but under another heading of the capital account, because they are non-produced assets) and only the costs associated with the transfer of ownership are recorded as GFCF (for the acquirer, but not for the seller).