5331.0 - Balance of Payments and International Investment Position, Australia, Concepts, Sources and Methods, 1998  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 22/09/1998   
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Contents >> Chapter 3. Classifications >> Standard international investment position classification

3.12. The international investment position measures Australia’s stock of external financial assets and liabilities, whereas the balance of payments financial account measures transactions in these assets and liabilities. Hence the classifications used in the financial account and international investment position need to be essentially the same.

3.13. Table 3.3 outlines the standard classification of the international investment position statement. While this statement may sometimes only refer to the stock of financial assets and liabilities at the end of any period, it is more useful to show the complete reconciliation statement which shows the opening and closing positions and the change in position due to financial transactions and other changes. This has been done in table 3.3, which follows the BPM5 presentation.

3.14. The components of changes in position in table 3.3 include financial transactions (recorded in the financial account of the balance of payments), price changes, exchange rate changes and other adjustments.

3.3 INTERNATIONAL INVESTMENT POSITION: STANDARD COMPONENTS
Changes in position reflecting
Position at beginning of period
Transactions
Price changes
Exchange rate changes
Other adjust- ments
Position at end of period

Australian Investment abroad - Net Assets
Direct investment abroad
Equity capital and reinvested earnings
Other capital
Portfolio investment
Equity securities
Debt securities
Other investment
Trade credits
Loans
Currency and deposits
Other assets
Reserve assets
Monetary gold
Special Drawing Rights
Reserve position in the IMF
Foreign exchange

Foreign Investment in Australia - Net Liabilities
Direct investment in Australia
Equity capital and reinvested earnings
Other capital
Portfolio investment
Equity securities
Debt securities
Other investment
Trade credits
Loans
Currency and deposits
Other liabilities


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