Latest release

Type of asset and liability classification

Australian System of Government Finance Statistics: Concepts, Sources and Methods
Reference period
2015
Released
23/12/2015
Next release Unknown
First release
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.

Table A1A.14 – Type of asset and liability classification (TALC)

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.