Memorandum items (ETF 71)
Memorandum items (ETF 71) are recorded in GFS to provide additional information about items related to (but not included on) the GFS balance sheet. Memorandum items in GFS differ to those of commercial accounting in that they are compulsory rather than optional as in commercial accounting. In the ABS GFS, memorandum items (ETF 71) are further classified as:
- Implicit transfers (ETF 711);
- Liabilities in arrears and related charges (ETF 712); and
- Non-performing loans (ETF 713).