Government balance sheet; assets and liabilities

Government balance sheet; assets and liabilities

Periods Assets Total assets (million euros) Assets Non-financial assets AN Total non-financial assets (million euros) Assets Non-financial assets AN11 Total fixed assets (million euros) Assets Non-financial assets AN111 Dwellings (million euros) Assets Non-financial assets AN1121 Non-residential buildings (million euros) Assets Non-financial assets AN1122 Civil engineering works (million euros) Assets Non-financial assets AN1123 Cost ownership transfer on land (million euros) Assets Non-financial assets AN1131 Total transport equipment (million euros) Assets Non-financial assets AN1131A Passenger cars (million euros) Assets Non-financial assets AN1131B Other road transport equipment (million euros) Assets Non-financial assets AN1131C Trains and trams (million euros) Assets Non-financial assets AN1131D Ships (million euros) Assets Non-financial assets AN1131E Aircrafts (million euros) Assets Non-financial assets AN1132A Computers (million euros) Assets Non-financial assets AN1132B Telecommunication equipment (million euros) Assets Non-financial assets AN1139+AN114 Machinery, equipment and … (million euros) Assets Non-financial assets AN11O Other tangible fixed assets (million euros) Assets Non-financial assets AN115 Cultivated assets (million euros) Assets Non-financial assets AN1171 Research and development (million euros) Assets Non-financial assets AN1173 Computer software and databases (million euros) Assets Non-financial assets AN117O Other intangible fixed assets (million euros) Assets Non-financial assets AN12 Inventories (million euros) Assets Non-financial assets AN211 Total land (million euros) Assets Non-financial assets AN2111A Land beneath dwellings (million euros) Assets Non-financial assets AN2111B Land beneath building non-resi.. (million euros) Assets Non-financial assets AN2112 Agricultural land (million euros) Assets Non-financial assets AN212 Oil and gas reserves (million euros) Assets Financial assets AF Total financial assets (million euros) Assets Financial assets AF2 Currency and deposits (million euros) Assets Financial assets AF21 Currency (million euros) Assets Financial assets AF22 Transferable deposits (million euros) Assets Financial assets AF29 Other deposits (million euros) Assets Financial assets AF3 Debt securities (million euros) Assets Financial assets AF31 Short-term debt securities (million euros) Assets Financial assets AF32 Long-term debt securities (million euros) Assets Financial assets AF4 Loans (million euros) Assets Financial assets AF41 Short-term loans (million euros) Assets Financial assets AF42 Long-term loans (million euros) Assets Financial assets AF5 Equity and investment (million euros) Assets Financial assets AF51 Equity (million euros) Assets Financial assets AF511 Listed shares (million euros) Assets Financial assets AF512 Unlisted shares (million euros) Assets Financial assets AF519 Other equity (million euros) Assets Financial assets AF52 Investment funds shares (million euros) Assets Financial assets AF71 Financial derivatives (million euros) Assets Financial assets AF8 Other accounts receivable/payable (million euros) Liabilities Total liabilities (million euros) Liabilities Financial liabilities AF Total financial liabilities (million euros) Liabilities Financial liabilities AF2 Currency and deposits (million euros) Liabilities Financial liabilities AF22 Transferable deposits (million euros) Liabilities Financial liabilities AF29 Other deposits (million euros) Liabilities Financial liabilities AF3 Debt securities (million euros) Liabilities Financial liabilities AF31 Short-term debt securities (million euros) Liabilities Financial liabilities AF32 Long-term debt securities (million euros) Liabilities Financial liabilities AF4 Loans (million euros) Liabilities Financial liabilities AF41 Short-term loans (million euros) Liabilities Financial liabilities AF42 Long-term loans (million euros) Liabilities Financial liabilities AF51 Equity (million euros) Liabilities Financial liabilities AF8 Other accounts receivable/payable (million euros) Liabilities Net worth B90 Net worth (million euros) Liabilities Net worth B90 Net worth previous year (million euros) Liabilities Net worth Changes in net worth B10 Changes in net worth (million euros) Liabilities Net worth Changes in net worth B101 Net saving and capital transfers (million euros) Liabilities Net worth Changes in net worth Other changes in net worth (million euros)
1995 433,770 294,661 204,693 1,530 55,443 120,451 836 3,640 574 699 . 1,102 1,266 1,395 204 7,796 1,357 0 10,181 1,859 0 842 26,544 470 24,173 1,901 62,582 139,109 20,692 53 14,642 5,997 2,419 542 1,877 36,986 260 36,726 44,035 43,974 6,824 32,705 4,445 61 -68 35,045 433,770 282,898 2,100 891 1,209 172,298 7,327 164,971 90,234 5,972 84,262 1 18,265 150,872 . . . .
2000 526,960 372,335 245,617 1,829 64,798 143,511 1,946 3,900 550 938 . 1,025 1,388 1,736 292 9,051 3,425 0 11,715 3,413 0 1,242 38,908 1,951 33,718 3,239 86,568 154,625 18,245 50 8,611 9,584 3,456 542 2,914 33,303 600 32,703 59,278 59,161 11,269 43,360 4,532 117 -68 40,411 526,960 282,056 2,687 1,391 1,296 193,843 6,822 187,021 55,259 5,954 49,305 2 30,265 244,904 197,771 47,133 8,336 38,797
2005 643,648 487,416 305,256 2,417 78,525 180,997 2,601 3,683 544 1,154 . 984 1,001 2,189 223 9,991 5,082 0 14,907 4,641 0 1,788 40,027 2,767 35,150 2,110 140,345 156,232 21,883 50 7,597 14,236 2,797 628 2,169 32,710 492 32,218 57,221 55,615 4,136 50,559 920 1,606 728 40,893 643,648 327,414 3,053 859 2,194 241,522 18,995 222,527 50,355 4,139 46,216 2 32,482 316,234 273,826 42,408 -458 42,866
2010 798,715 572,159 378,384 3,317 95,564 229,582 2,626 3,728 577 1,428 . 921 803 2,584 274 11,462 5,176 0 17,381 6,690 0 2,557 39,434 3,156 33,318 2,960 151,784 226,556 16,014 27 11,423 4,564 23,381 473 22,908 46,433 60 46,373 87,359 85,220 98 84,024 1,098 2,139 1,629 51,740 798,715 443,279 1,397 747 650 320,354 53,650 266,704 81,742 12,305 69,437 9 39,777 355,436 397,426 -41,990 -28,270 -13,720
2014 825,239 573,427 405,981 3,302 94,763 257,260 1,671 3,366 555 1,408 . 751 653 2,591 427 11,489 4,994 0 18,927 7,191 0 2,590 30,348 2,775 24,323 3,250 134,508 251,812 11,923 30 8,003 3,890 9,637 323 9,314 64,154 1,268 62,886 91,362 90,566 154 83,824 6,588 796 23,107 51,629 825,239 559,231 1,070 306 764 418,707 23,443 395,264 96,235 26,122 70,113 31 43,188 266,008 325,399 -59,391 -15,033 -44,358
2015 798,423 554,412 407,611 3,212 91,499 260,730 1,610 3,233 582 1,319 . 716 616 2,546 439 12,144 4,906 0 19,527 7,765 0 2,116 31,078 3,067 24,589 3,422 113,607 244,011 11,495 24 7,991 3,480 8,813 248 8,565 57,954 115 57,839 98,447 97,644 108 91,090 6,446 803 17,634 49,668 798,423 549,526 1,874 1,119 755 404,346 14,061 390,285 95,577 26,437 69,140 31 47,698 248,897 266,008 -17,111 -12,837 -4,274
2016 729,686 482,316 408,604 3,212 89,841 262,516 1,470 3,306 648 1,286 . 698 577 2,553 445 12,151 4,667 0 20,132 8,312 0 2,016 33,452 3,437 26,504 3,511 38,244 247,370 12,417 22 8,473 3,922 8,184 993 7,191 52,784 142 52,642 103,104 102,170 2,282 93,490 6,398 934 15,211 55,670 729,686 549,605 3,901 3,346 555 405,224 16,641 388,583 92,886 24,143 68,743 2 47,592 180,081 248,897 -68,816 1,176 -69,992
2017 718,954 473,564 418,318 3,238 89,068 271,651 1,433 3,256 688 1,290 . 638 539 2,768 419 12,506 4,332 0 20,775 8,872 0 2,108 35,592 3,966 28,082 3,544 17,546 245,390 14,680 18 10,557 4,105 7,335 745 6,590 54,035 18 54,017 103,161 102,442 1,730 94,355 6,357 719 11,293 54,886 718,954 522,596 1,974 1,403 571 386,405 16,987 369,418 85,647 19,863 65,784 2 48,568 196,358 180,081 16,277 9,974 6,303
2018 736,076 490,180 432,344 3,423 89,583 283,217 1,396 3,214 756 1,292 . 583 479 2,925 420 12,506 4,283 0 21,815 9,564 0 2,016 37,168 4,465 29,203 3,500 18,652 245,896 13,891 15 10,083 3,793 8,458 1,973 6,485 55,993 222 55,771 102,735 102,543 1,352 94,786 6,405 192 7,692 57,127 736,076 510,674 1,608 1,040 568 377,591 21,997 355,594 80,798 15,547 65,251 2 50,675 225,402 196,358 29,044 11,458 17,586
2019 753,823 494,736 446,464 3,636 91,084 292,941 1,307 3,374 782 1,365 . 557 554 2,961 408 13,349 4,234 0 22,849 10,320 0 2,009 36,923 4,802 28,539 3,582 9,340 259,087 14,746 15 11,524 3,207 7,180 2,258 4,922 57,859 210 57,649 112,470 112,317 1,808 104,057 6,452 153 8,647 58,185 753,823 506,145 1,688 1,148 540 373,045 17,081 355,964 82,708 16,567 66,141 1 48,703 247,678 225,402 22,276 15,445 6,831
2020 778,546 498,289 457,852 3,886 94,308 297,949 1,245 3,433 821 1,420 . 528 516 3,055 371 14,469 4,241 0 24,032 10,863 0 2,389 37,427 5,241 28,686 3,500 621 280,257 20,372 12 19,107 1,253 6,592 1,804 4,788 61,795 213 61,582 109,003 108,861 1,012 101,191 6,658 142 5,072 77,423 778,546 559,003 1,617 1,108 509 424,545 35,984 388,561 77,774 10,475 67,299 1 55,066 219,543 247,678 -28,135 -27,747 -388
2021* 816,511 534,095 479,019 4,104 97,401 313,265 1,240 3,440 836 1,441 . 517 478 3,196 371 15,368 4,340 0 25,072 11,221 0 2,745 38,563 6,378 28,685 3,500 13,768 282,416 14,120 12 12,993 1,115 7,612 3,314 4,298 64,886 256 64,630 110,010 109,868 1,229 101,948 6,691 142 1,948 83,840 816,511 567,708 2,482 1,960 522 430,834 26,211 404,623 75,023 6,659 68,364 1 59,368 248,803 219,543 29,260 -21,582 50,842
Source: CBS.
Explanation of symbols

Table description


This table contains information on the balance sheet of the general government sector. The balance sheet shows stock levels of assets and financial liabilities, as well as net worth of the general government sector. Assets are either financial (e.g. loans) or non-financial (e.g. non-residential buildings). The stock of assets equals the sum of the stock of financial liabilities and net worth. Stocks of assets and liabilities in this table are mostly valued at market value. This is the value of the asset or liability as if it were being acquired or sold on the date to which the balance sheet relates. When there are no observable market prices, estimates are made for the market value. Financial assets and liabilities that are not commonly traded on a market, such as cash, deposits, loans and other accounts receivable/payable are valued at nominal value.

The figures in this table are consolidated at the general government level. This means that stocks between units that both belong to the general government sector are eliminated.

The terms and definitions used are in accordance with the framework of the Dutch national accounts. National accounts are based on the international definitions of the European System of Accounts (ESA 2010). Small temporary differences with publications of the National Accounts may occur due to the fact that the government finance statistics are sometimes more up to date.

Data available from: 1995

Status of the figures:
The figures for the period 1995-2020 are final. The figures for 2021 are provisional.

Changes as of 31 August 2022:
Annual figures for 2021 are available.
In the context of the revision policy of the National accounts the annual figures from 1995 of the financial accounts of general government have been revised. The figures are in line with the publications of the National accounts.
The annual figures for 2020 are final.

When will new figures be published?
New provisional data are published in July or August after the end of the reporting year. The previous provisional figures will become final and previous final figures can be revised at the same time. More information on the revision policy of National Accounts can be found under 'relevant articles' under paragraph 3.

Description topics

Assets
The assets recorded in the government balance sheet are economic assets. An economic asset is a store of value representing the benefits accruing to the economic owner by holding or using the entity over a period of time. It is a means of carrying forward value from one accounting period to another.
Total assets
The assets recorded in the government balance sheet are economic assets. An economic asset is a store of value representing the benefits accruing to the economic owner by holding or using the entity over a period of time. It is a means of carrying forward value from one accounting period to another.
Non-financial assets
Non-financial assets are objects that have an economic value, on which property rights can be exerted and which do not have a financial character. In practice, this entails approximately all (non-financial) objects that can be sold. Examples of assets that cannot be sold are the sea and the air. Examples of assets that have a financial character are stocks and pensions. Non-financial assets consist of fixed assets, inventories, land and mineral reserves
AN Total non-financial assets
Non-financial assets are objects that have an economic value, on which property rights can be exerted by institutional units and which do not have a financial character. In practice, this entails approximately all (non-financial) objects that can be sold. Examples of assets that cannot be sold are the sea and the air. Examples of assets that have a financial character are stocks and pensions. Non-financial assets consist of fixed assets, inventories, land and mineral reserves.
AN11 Total fixed assets
Fixed assets include all tangible and intangible fixed assets used repeatedly or continuously for more than one year in production.

Examples: buildings, machinery, transport equipment and software.
AN111 Dwellings
Dwellings are buildings that are used entirely or primarily as residences. Public monuments identified primarily as dwellings are also included. Examples are barracks, official residences and other buildings that are intended for non-transient occupancy.
AN1121 Non-residential buildings
Non-residential buildings include whole buildings or parts of buildings not designated as dwellings. Examples: warehouses and industrial buildings, commercial buildings, buildings for public entertainment, hotels, restaurants, schools, hospitals. Public monuments identified primarily as non-residential buildings are also included.
AN1122 Civil engineering works
All constructions not classified under buildings, including the costs of infrastructural projects, e.g. constructed roads and sewerage systems and including historical monuments not indicated as buildings.

Examples: roads, railways, bridges, highways, airport runways, harbours, tunnels. The costs of clearing and preparing the site for construction are part of the costs of civil engineering works.
AN1123 Cost ownership transfer on land
Costs related to the transfer of land.
AN1131 Total transport equipment
Transport equipment for moving people and objects. Examples: motor vehicles, trailers and semi-trailers, ships, railway and tramway locomotives and rolling stock, aircraft and spacecraft, motorcycles, bicycles, etc.
AN1131A Passenger cars
Cars designed for the transportation of persons.
AN1131B Other road transport equipment
Road transport vehicles other than passenger cars.
AN1131C Trains and trams
Vehicles operating on railways.
AN1131D Ships
Transport equipment on or under water.
AN1131E Aircrafts
Planes, gliders, helicopters, airships.
AN1132A Computers
Computer equipment and electronic machinery, as far as they can be programmed by the user. This section also includes peripheral devices like terminals and print devices.
AN1132B Telecommunication equipment
Telecommunication equipment includes products such as telephones and mobile phones, television cameras and digital cameras
AN1139+AN114 Machinery, equipment and …
Machinery, equipment and weapon systems.
Machinery used for production. Also machinery for general use (such as office equipment, audio and telecommunications equipment), machinery and vehicles which occasionally use public roads, such as tractors, shovels and fork trucks. Weapon systems also belong to this category.
AN11O Other tangible fixed assets
Goods like furniture, racks, silos, storage tanks, containers, pallets, sports articles and music instruments.
AN115 Cultivated assets
Livestock for breeding (including fish and poultry), dairy, draught, etc. and vineyards, orchards and other plantations of trees yielding repeat products which are under direct control, responsibility and management of institutional units. Examples are: fruit trees, vine grapes, breeding, dairy and draught (including fish and birds), dairy cattle and sheep.
AN1171 Research and development
R&D consists of expenditure on creative work that is systematically done for the purpose of enlarging the amount of knowledge, including knowledge of mankind, culture and society and the use of this knowledge to develop new applications. The value is determined on the basis of economic revenues which are expected in the future. Unless the value can be reasonably well determined, this value is set by agreement as the sum of costs, including the costs of unsuccessful research and development work. Research and development which will not provide benefits to its owner is classified as intermediate consumption.
AN1173 Computer software and databases
Computer programs, program descriptions and supporting materials for both systems and applications software. This item also includes substantial expenses for purchase, development or extension of automated databases for use exceeding the period of one year.
AN117O Other intangible fixed assets
New information, specialised knowledge, etc. not elsewhere classified, whose use in production is restricted to the units which have established ownership rights over them or to other units licensed by the latter.
AN12 Inventories
All raw materials, semi-finished goods, work in progress and finished goods held by producers at a certain time. An exception is work in progress for the construction sector, which is part of the investments in fixed assets of the client and not part of the changes in inventories of the construction sector. This includes unfinished dwellings, non-residential buildings and civil engineering works. Positive changes in the inventories occur when goods are produced during the accounting year, but are not sold yet. Additions also occur when goods are purchased in the accounting year, but not yet used in the production process. Negative changes in the inventories occur when goods are withdrawn from existing inventories to be sold or used in the production process. The valuation of the changes in inventories is calculated in such a way that no gains or losses to inventories are caused by price changes. For this purpose, the opening and closing inventories of each good are valued against the same price, namely raw materials against the average purchasing prices over that period, finished goods against the average selling price and work in progress against the average cost price. This valuation method reduces the possibilities that the production value - and with it the value added - is influenced by price changes in the inventories during the accounting period.
AN211 Total land
Total of land underlying dwellings, land underlying non-municipal buildings and land under cultivation. No value is attributed to land underlying infrastructure and nature. The numbers do not include the value of building land.
AN2111A Land beneath dwellings
Land beneath buildings that are used entirely or primarily as residences, including any associated structures, such as garages and all permanent fixtures customarily installed in residences. The value of the land underlying dwellings is defined as the difference between the value of the total real estate (land and buildings) and the value of the structures.
AN2111B Land beneath building non-resi..
Land beneath building non-residential buildings.

Land underlying buildings not designated as dwellings. The value of the land underlying non-residential buildings is defined as the difference between the value of the real estate (land and buildings) and the value of the structures.
AN2112 Agricultural land
Land used for the production of crops and raising of livestock including land under greenhouses and barns. Land under greenhouses and barns used for other purposes than the production of crops, such as storage of caravans, are also categorized as agricultural land.
AN212 Oil and gas reserves
The reserves of oil, natural gas and natural gas condensation. Oil and gas already extracted, but not yet sold, is part of the inventories.
Financial assets
Financial assets are economic assets comprising financial claims, equity and the gold bullion component of monetary gold. Financial assets are stores of value representing benefits accruing to the economic owner by holding them over a period of time. They are means of carrying forward values from one accounting period to another. Benefits or series of benefits are exchanged by means of payment. Means of payment consist of monetary gold, special drawing rights, currency and transferable deposits. Financial claims, also called financial instruments, are financial assets that have corresponding liabilities.
AF Total financial assets
Financial assets are economic assets comprising financial claims, equity and the gold bullion component of monetary gold. Financial assets are stores of value representing benefits accruing to the economic owner by holding them over a period of time. They are means of carrying forward values from one accounting period to another. Benefits or series of benefits are exchanged by means of payment. Means of payment consist of monetary gold, special drawing rights, currency and transferable deposits. Financial claims, also called financial instruments, are financial assets that have corresponding liabilities.
AF2 Currency and deposits
Currency consists of notes and coins that are issued or authorised by monetary authorities. Deposits are standardised, non-negotiable contracts with the public at large, offered by deposit-taking corporations and, in some cases, by central government as debtors, and allowing the placement and the later withdrawal of the principal amount by the creditor. Deposits usually involve the debtor giving back the full principal amount to the investor.
AF21 Currency
Currency consists of notes and coins in circulation that are commonly used to make payments.
AF22 Transferable deposits
Transferable deposits are deposits exchangeable for currency on demand, at par, and which are directly usable for making payments by cheque, draft, giro order, direct debit/credit, or other direct payment facilities, without penalty or restriction.
AF29 Other deposits
Overige deposito's zijn andere deposito's dan girale deposito's. Overige deposito's kunnen niet worden gebruikt voor het verrichten van betalingen, behalve op de vervaldatum of na een overeengekomen opzegtermijn, en kunnen niet in chartaal geld of girale deposito's worden omgezet zonder enige aanzienlijke beperking of boete. Daarnaast omvatten overige deposito's tegoeden van de overheid die aangehouden worden bij de centrale overheid.

Other deposits include all deposits in euros and foreign currency at any resident and non-resident bank (except for saving deposits in euro's), which are not immediately transferable without restrictions.
AF3 Debt securities
Debt securities are negotiable financial instruments serving as evidence of debt.
AF31 Short-term debt securities
All securities with a maximum term of one year, which in principle are transferable against a price that has been fixed in advance. Usually, the obliged interest payments of the debtor have been discounted in the value. 'Transferable' means that assets can be converted into cash from, or on a date that has been appointed at the moment the bond was issued.

This stock also covers treasury paper issued by both the Dutch government and foreign governments, saving certificates to bearer and transferable certificates of deposits, issued by banks.
AF32 Long-term debt securities
All transferable securities, which generally do not mature within one year. They are usually quoted at the stock exchange. The interest on long-term bonds is made payable through coupons. Mortgage bonds, notes issued by banks and convertible bonds as long as they have not been converted into shares, also belong to this type of assets.
AF4 Loans
Loans are created when creditors lend funds to debtors.
AF41 Short-term loans
Short-term loans are all credits, which do not have the characteristics of deposits and which mature by contract within one year. Included are short-term loans from financial institutions, balances on current accounts (except transferable deposits), short-term consumer credit, bills (of exchange) and promissory notes.
AF42 Long-term loans
Long-term loans are all credits, which do not have the characteristics of deposits and which do not mature within one year. They mainly concern long-term loans on obligations, mortgage loans and long-term consumer credit.
AF5 Equity and investment
Equity and investment fund shares or units are claims, which are -fully, or partly- entitled to a share in profits or in the own funds in case of liquidation. Included is the value of capital formation by the government in public enterprises (quasi-corporations) that belong to the government.
Equity and investment fund shares or units are residual claims on the assets of the Equity and investment fund shares or units include:
- listed shares;
- unlisted shares;
- other equity;
- investment fund shares or units.
AF51 Equity
Equity is a financial asset that is a claim on the residual value of a corporation, after all other claims have been met. Ownership of equity in legal entities is usually evidenced by shares, stocks, depository receipts, participations, or similar documents. Shares and stocks have the same meaning.
AF511 Listed shares
Listed shares are equity securities listed on an exchange. Such an exchange may be a recognised stock exchange or any other form of secondary market. Listed shares are also referred to as quoted shares. The existence of quoted prices of shares listed on an exchange means that current market prices are usually readily available.
AF512 Unlisted shares
Unlisted shares are equity securities not listed on an exchange.
AF519 Other equity
Other equity comprises all forms of equity other than those classified in sub-categories listed shares and unlisted shares.
AF52 Investment funds shares
Investment fund shares are shares of an investment fund if the fund has a corporate structure. They are known as units if the fund is a trust. Investment funds are collective investment undertakings through which investors pool funds for investment in financial and/or non-financial assets.
AF71 Financial derivatives
Financial derivatives are financial instruments linked to a specified financial instrument or indicator or commodity, through which specific financial risks can be traded in financial markets in their own right.
Financial derivatives meet the following conditions:
- they are linked to a financial or non-financial asset, to a group of assets, or to an index;
- they are either negotiable or can be offset on the market;
- no principal amount is advanced to be repaid.
The financial derivatives include options and forwards (warrants, futures, swaps and forward rate agreements). Forwards are recorded net on the assets side of the balance sheets, financial transactions and other changes, meaning that no liabilities are presented but only net assets. The outstanding positions can therefore have a negative value.
AF8 Other accounts receivable/payable
Other accounts receivable/payable are financial claims arising from timing differences between distributive transactions or financial transactions on the secondary market and the corresponding payments.
Financial transactions in other accounts receivable/payable comprise:
- Trade credits and advances; and
- Other accounts receivable/payable, excluding trade credits and advances.
Liabilities
Sum of financial liabilities and net worth. Financial liabilities are established when debtors are obliged to provide payments or series of payments to creditors.
Total liabilities
Sum of financial liabilities and net worth. Financial liabilities are established when debtors are obliged to provide payments or series of payments to creditors.
Financial liabilities
Financial liabilities are established when debtors are obliged to provide payments or series of payments to creditors.
AF Total financial liabilities
Financial liabilities are established when debtors are obliged to provide payments or series of payments to creditors.
AF2 Currency and deposits
Currency consists of notes and coins that are issued or authorised by monetary authorities. Deposits are standardised, non-negotiable contracts with the public at large, offered by deposit-taking corporations and, in some cases, by central government as debtors, and allowing the placement and the later withdrawal of the principal amount by the creditor. Deposits usually involve the debtor giving back the full principal amount to the investor.
AF22 Transferable deposits
Transferable deposits are deposits exchangeable for currency on demand, at par, and which are directly usable for making payments by cheque, draft, giro order, direct debit/credit, or other direct payment facilities, without penalty or restriction.
AF29 Other deposits
Other deposits include all deposits in euros and foreign currency at any resident and non-resident bank (except for saving deposits in euro's), which are not immediately transferable without restrictions.
AF3 Debt securities
Debt securities are negotiable financial instruments serving as evidence of debt.
AF31 Short-term debt securities
All securities with a maximum term of one year, which in principle are transferable against a price that has been fixed in advance. Usually, the obliged interest payments of the debtor have been discounted in the value. 'Transferable' means that assets can be converted into cash from, or on a date that has been appointed at the moment the bond was issued.
This transaction covers treasury paper issued by both the Dutch government and foreign governments, saving certificates to bearer and transferable certificates of deposits, issued by banks.
AF32 Long-term debt securities
All transferable securities, which generally do not mature within one year. They are usually quoted at the stock exchange. The interest on long-term bonds is made payable through coupons. Mortgage bonds, notes issued by banks and convertible bonds as long as they have not been converted into shares, also belong to this type of assets.
AF4 Loans
Loans are created when creditors lend funds to debtors.
AF41 Short-term loans
Short-term loans are all credits, which do not have the characteristics of deposits and which mature by contract within one year. Included are short-term loans from financial institutions, balances on current accounts (except transferable deposits), short-term consumer credit, bills (of exchange) and promissory notes.
AF42 Long-term loans
Long-term loans are all credits, which do not have the characteristics of deposits and which do not mature within one year. They mainly concern long-term loans on obligations, mortgage loans and long-term consumer credit.
AF51 Equity
Equity is a financial asset that is a claim on the residual value of a corporation, after all other claims have been met. Ownership of equity in legal entities is usually evidenced by shares, stocks, depository receipts, participations, or similar documents. Shares and stocks have the same meaning.
AF8 Other accounts receivable/payable
Other accounts receivable/payable are financial claims arising from timing differences between distributive transactions or financial transactions on the secondary market and the corresponding payments.
Financial transactions in other accounts receivable/payable comprise:
- Trade credits and advances; and
- Other accounts receivable/payable, excluding trade credits and advances.
Net worth
Net worth is the balancing item of assets and liabilities.

Positive net worth indicates that the assets are larger than the liabilities.
B90 Net worth
Net worth is the balancing item of assets and liabilities.

Positive net worth indicates that the assets are larger than the liabilities.
B90 Net worth previous year
Net worth is the balancing item of assets and liabilities.

Positive net worth indicates that the assets are larger than the liabilities.
Changes in net worth
The changes in net worth depict the development of net worth during the year.

Net worth is the balancing item of assets and liabilities. The change in net worth equals the sum of changes of assets and liabilities.
B10 Changes in net worth
The changes in net worth depict the development of net worth during the year.

Net worth is the balancing item of assets and liabilities. The change in net worth equals the sum of changes of the assets and liabilities.
B101 Net saving and capital transfers
The difference between all transactions that affect net worth during the accounting period is the balancing item: changes in net worth due to saving and capital transfers. This equals the balance of revenue and expenditure of the government (B9), adjusted for the acquisition less disposals of non-financial assets (P5 + NP) and the consumption of fixed capital (P.51c). This represents the resources acquired or consumed in the government's current operations.
Other changes in net worth
This mainly concerns revaluations of assets and financial liabilities. The changes are caused by, for example, revaluations or unilateral write-offs of bad debts. Furthermore, net worth changes due to the purchase or sale of non-financial assets that are not included in the government balance sheet but had a cost or delivered financial benefit. The latter affects net worth, due to the lack of a non-financial balance sheet item. An example of this are valuables held by the government. Statistical discrepancies are also included other changes in net worth.