Transcript m4theft

Treatment of Theft in SNA
Treatment of normal theft in 1993
SNA
• Adjusted through changes in inventories
– Reduction of final products
– Reduction in materials and supplies
• Outcome: reduction in value added
Treatment of significant thefts in
1993 SNA
• Output should not be reduced, and therefore
value added is created
– “if thefts, or acts of violence (including war), involve
significant redistributions, or destructions, of assets, it
is necessary to take them into account. …. They are
treated as other flows, not transactions. Less
significant redistributions, such as shoplifting, may be
included in change in inventories and therefore need
not be recorded separately” (SNA:3.56).
• Note: output is not a transaction. OCVA to adjust
inventories
Proposed treatment of significant
thefts
• Recurrent theft of goods as accepted (social)
practices by employees in particular
circumstances
– As COE in kind and subsequent FC
– Recognition as transactions
• Recurrent theft of services (electricity and water)
as accepted (social) practices in particular
circumstances
– As FC and current transfer
– Recognition as transaction