Reconciliation account closing stock;Canada; Established natural gas reserves (v95645809); from Cube 38100006: Value of selected natural resource reserves
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The monetary asset accounts for natural resources describe the value of natural resource assets. The selected natural resources include: coal, crude oil, crude bitumen, natural gas, gold, iron, copper, nickel, molybdenum, uranium, potash, diamonds, and timber. Data necessary to value other resources such as fresh water and fish have not been developed. The tables provide values for opening and closing stocks, changes in stock, and the net present value of the assets. Timber assets only have net present value data given the lack of an underlying physical asset account. The unit of measure is dollars
Series Attributes:
- Unit and Multiplier:
- Dollars, Millions
- Frequency:
- Annual
- Valuation Type:
- Present value
The “present value” or “discounted value” of an asset on some date in the future, or of a stream of assets on several dates in the future, is the current worth of that asset or stream of assets given some specified discount rate. It is always less than the face value of the future asset, or stream of assets, unless the discount rate is zero in which case the “present value” is equal to the nominal value.
Geography:
CanadaPrincipal Data Sources:
Canadian System of Environmental and Resource Accounts - Natural Resource Stock Accounts, Statistics Canada
Methods:
- Net present value:
- Net present value is the value of an asset determined by estimating the stream of income expected to be earned in the future and then discounting the future income back to the present accounting period (see paragraph 5.110 United Nations System of Environmental-Economic Accounting Central Framework, 2012). The expected income is based on an economic rent calculation. The discount rate used is 4%.
Additional Information:
The reconciliation account closing stock is the closing stock present value, calculated without setting negative economic rents to zero.
- Date modified: