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4.18. The international investment position is a statistical statement which shows Australia’s foreign assets (claims on non-residents), foreign liabilities (liabilities to non-residents) and net international investment position (foreign assets less foreign liabilities). While an international investment position statement strictly measures a financial position at a point in time, statisticians also view international investment position data in the form of a reconciliation statement. This shows the position at the beginning of the period, the components of change in position (such as financial transactions, price changes, exchange rate changes and other adjustments), and the resulting position at the end of the period. This presentation enables the analyst to see immediately the relationship between the international investment position and the balance of payments financial account.
4.19. As with the balance of payments statistics, ABS publications show the summary international investment position statement before providing the more detailed classifications. Table 4.4 is the summary of the international investment position table from the quarterly publication (Cat. no. 5302.0). This table illustrates the following important points:
- separate data are presented on the positions at beginning and end of period, transactions, price changes, exchange rate changes and other adjustments;
- separate data are shown on net equity and net debt, and the international investment position;
- transactions are equivalent to those shown in the financial account in table 4.2;
- the sign convention used is consistent with that used in table 4.2; and
- data are presented in the form of time series.
| 4.4 AUSTRALIA'S INTERNATIONAL INVESTMENT POSITION,
Summary By Net Foreign Equity and Net Foreign Debt | |
| | | | Changes in the position reflecting | | |
| | | Position at | | | Exchange | Other | Position | |
| | | beginning | Trans- | Price | rate | adjust- | at end of | |
| | | of period | actions | changes | changes | ments | period | |
| Period | $m | $m | $m | $m | $m | $m | |
| NET INTERNATIONAL INVESTMENT POSITION | |
| 1994-95 | 242,355 | 28,038 | -4,366 | -2,400 | -429 | 263,198 | |
| 1995-96 | 263,198 | 20,840 | 297 | 369 | 3,216 | 287,921 | |
| 1996-97 | 287,921 | 17,451 | 15,243 | -2,145 | -6,827 | 311,642 | |
| 1996-97 | | | | | | | |
| | Dec | 290,327 | 4,821 | 7,679 | -909 | -324 | 301,592 | |
| | Mar | 301,592 | 3,440 | -7,826 | 398 | -2,786 | 294,818 | |
| | June | 294,818 | 2,972 | 13,576 | -1,169 | 1,445 | 311,642 | |
| 1997-98 | | | | | | | |
| | Sept | 311,642 | 4,881 | 1,649 | 85 | 2,029 | 320,286 | |
| | Dec | 320,286 | 6,149 | -7,688 | -2,116 | -591 | 316,040 | |
| | Mar | 316,040 | 5,491 | 1,908 | 1,672 | -2,135 | 322,977 | |
| NET FOREIGN EQUITY | |
| 1994-95 | 74,436 | 9,514 | -2,378 | -4,476 | -211 | 76,885 | |
| 1995-96 | 76,885 | 9,889 | -3,573 | 8,660 | 1,328 | 93,190 | |
| 1996-97 | 93,190 | 3,371 | 9,796 | -3,226 | -4,967 | 98,163 | |
| 1996-97 | | | | | | | |
| | Dec | 87,012 | 2,470 | 5,280 | -515 | -819 | 93,428 | |
| | Mar | 93,428 | 1,684 | -4,560 | 385 | -1,230 | 89,707 | |
| | June | 89,707 | 181 | 9,526 | -3,205 | 1,954 | 98,163 | |
| 1997-98 | | | | | | | |
| | Sept
Dec
Mar | 98,163
99,678
93,865 | 1,855
8,113
3,359 | 148
-7,753
1,034 | -1,232
-6,271
1,487 | 743
99
-1,282 | 99,678
93,865
98,462 | |
| NET FOREIGN DEBT | |
| 1994-95 | 167,919 | 18,523 | -1,988 | 2,076 | -218 | 186,313 | |
| 1995-96 | 186,313 | 10,951 | 3,870 | -8,291 | 1,889 | 194,731 | |
| 1996-97 | 194,731 | 14,080 | 5,448 | 1,081 | -1,860 | 213,479 | |
| 1996-97 | | | | | | | |
| | Dec | 203,315 | 2,350 | 2,398 | -394 | 495 | 208,164 | |
| | Mar | 208,164 | 1,756 | -3,266 | 13 | -1,556 | 205,111 | |
| | June | 205,111 | 2,791 | 4,050 | 2,036 | -509 | 213,479 | |
| 1997-98 | | | | | | | |
| | Sept
Dec | 213,479
220,608 | 3,026
-1,965 | 1,502
65 | 1,316
4,156 | 1,285
-689 | 220,608
222,175 | |
| | Mar | 222,175 | 2,133 | 874 | 185 | -852 | 224,515 | |
| Source: Table 2 from Balance of Payments and International Investment Position, Australia, March quarter 1998 (Cat. no. 5302.0). | |
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