5331.0 - Balance of Payments and International Investment Position, Australia, Concepts, Sources and Methods, 1998  
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Contents >> Chapter 4. Publication >> International Investment Position Summary Statement

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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