Type of asset and liability classification
A1A.259.
The type of asset and liability classification (TALC) is a classification used for the identification of non-financial assets and financial assets and liabilities for GFS output purposes. The structure of the TALC is hierarchical and consists of a 1-digit level (division), a 2-digit level (group) and a 3-digit level (class). The division distinguishes between government non-financial assets and financial assets or liabilities, the group reflects the type of asset or liability at a broad level and the class reflects the details of the individual assets and liabilities which comprise each group. Further information on the TALC may be found in Chapter 8, Chapter 9 and Chapter 10 of this manual. The TALC is shown in Table A1A.14 below.
TALC | Descriptor | Additional classification |
|---|---|---|
Non-Financial Assets | ||
1 | Fixed Produced assets |
|
11 | Buildings and structures |
|
111 | Dwellings |
|
112 | Buildings other than dwellings |
|
113 | Land improvements |
|
119 | Structures not elsewhere classified |
|
12 | Machinery and equipment |
|
121 | Transport equipment |
|
122 | Information, computer and telecommunications equipment |
|
129 | Machinery and equipment not elsewhere classified |
|
13 | Cultivated biological resources |
|
131 | Animal resources yielding repeat products |
|
132 | Tree, crop and plant resources yielding repeat products |
|
14 | Intellectual property products |
|
141 | Research and development |
|
142 | Mineral exploration and evaluation |
|
143 | Computer software |
|
144 | Databases |
|
145 | Entertainment, literary and artistic originals |
|
149 | Intellectual property products not elsewhere classified |
|
15 | Weapons systems |
|
151 | Weapons systems |
|
2 | Other produced assets |
|
21 | Inventories |
|
211 | Inventories - materials and supplies |
|
212 | Inventories - work in progress |
|
213 | Inventories - finished goods |
|
214 | Inventories - goods for resale |
|
215 | Inventories - military inventories |
|
22 | Valuables |
|
221 | Valuables |
|
23 | Other produced assets |
|
239 | Other produced assets not elsewhere classified |
|
3 | Non-produced assets |
|
31 | Tangible non-produced assets |
|
311 | Land |
|
312 | Mineral and energy resources |
|
313 | Non-cultivated biological resources |
|
314 | Water resources |
|
315 | Radio spectra |
|
319 | Tangible non-produced assets not elsewhere classified |
|
32 | Intangible non-produced assets |
|
321 | Marketable operating leases |
|
322 | Permits to use natural resources |
|
323 | Permits to undertake specific activities |
|
324 | Entitlement to future goods and services on an exclusive basis |
|
325 | Goodwill and marketing assets |
|
329 | Intangible non-produced assets not elsewhere classified |
|
33 | Other non-produced assets |
|
339 | Other non-produced assets not elsewhere classified |
|
Financial Assets and Liabilities | ||
4 | Financial assets | SDC |
41 | Currency and deposits | SDC |
411 | Cash and deposits | SDC |
412 | Special Drawing Rights (SDRs) | SDC 130 |
413 | Monetary gold (bullion) |
|
414 | Monetary gold (allocated and unallocated) | SDC 130 |
42 | Securities and related assets | SDC |
421 | Debt securities | SDC |
422 | Financial derivatives | SDC |
423 | Employee stock options | SDC |
424 | Equity including contributed capital | SDC |
425 | Investment fund shares or units | SDC |
43 | Loans and placements | SDC |
431 | Finance leases | SDC |
432 | Advances - concessional loans | SDC |
433 | Advances other than concessional loans | SDC |
439 | Loans and placements not elsewhere classified | SDC |
44 | Insurance, superannuation and standardised guarantee schemes | SDC |
441 | Non-life insurance technical reserves | SDC |
442 | Life insurance and annuities entitlements | SDC |
443 | Provisions for defined benefit superannuation* | SDC |
444 | Claims of superannuation funds on superannuation manager | SDC |
445 | Provisions for calls under standardised guarantee schemes | SDC |
45 | Other financial assets | SDC |
451 | Provisions for employee entitlements other than superannuation* | SDC |
452 | Accounts receivable | SDC |
459 | Other financial assets not elsewhere classified | SDC |
5 | Liabilities | SDC |
51 | Currency and deposits | SDC |
511 | Cash and deposits | SDC |
512 | Special Drawing Rights (SDRs) | SDC |
52 | Securities and related liabilities | SDC |
521 | Debt securities | SDC |
522 | Financial derivatives | SDC |
523 | Employee stock options | SDC |
524 | Equity including contributed capital | SDC |
525 | Investment fund shares or units | SDC |
53 | Loans and placements | SDC |
531 | Finance leases | SDC |
532 | Advances - concessional loans | SDC |
533 | Advances other than concessional loans | SDC |
539 | Loans and placements not elsewhere classified | SDC |
54 | Insurance, superannuation and standardised guarantee schemes | SDC |
541 | Non-life insurance technical reserves | SDC |
542 | Life insurance and annuities entitlements | SDC |
543 | Provisions for defined benefit superannuation | SDC |
544 | Claims of superannuation funds on superannuation manager | SDC |
545 | Provisions for calls under standardised guarantee schemes | SDC |
55 | Other liabilities | SDC |
551 | Provisions for employee entitlements other than superannuation | SDC |
552 | Accounts payable | SDC |
559 | Other liabilities not elsewhere classified | SDC |
* In Australian GFS, only the net liability position is currently recorded. The asset category is only maintained to align with international standards and will report a zero balance until specifically earmarked assets can be reported by data providers.