Description of methods and sources for Albania - INSTAT

IPA 2009 Multi-beneficiary StatisticalCooperation Programme3.2 ValuationIn accordance with the basic accounting principle, data in annual accountingstatements which are used for the estimation of output and intermediate consumptioncomponents are on accrual basic and administrative sources which are on cash basicand therefore several adjustments are necessary in transfer from cash to accrual data.In principle output is valued at basic prices and this includes subsidies on products.Changes in inventories are not adjusted for any holding gains at industry level and bytype of inventory. All products included on intermediate consumption are valued atpurchasers’ prices.Output of market producer is measured as the sum of sales, changes in inventories offinished goods and work in progress, the value of products which are produced forown final use and with the value of subsidies on products. Changes in inventories offinished goods, goods for own final consumption and work in progress are measuredaccording to input costs. Goods for resale are valued at purchasers’ prices.Trade margin as trade output is estimated as the difference between total sales oftrade goods less the purchase value of sold goods for resaleIntermediate consumption products are at purchasers’ price. Uses of intermediategoods are usually estimated with purchases in the period plus withdrawals frominventories less increases of inventories.The main taxes on products are estimated with direct data sources on cash basis.VAT is estimated by monthly VAT reports submitted by the Tax Administration andannual data from Ministry of Finances. Import duties and taxes on import areestimated from customs statement. All excise duties due to payment by type ofexcise are shown in monthly reports by the Customs Administration as well as inannual data of budget statistics from Ministry of Finances. Subsidies on products areaccording to the budget statistics valued as accrual transactions in the period.3.3 Transition from private accounting and administrative concepts to ESA95national accounts conceptsTransition from private accounting and administrative concept to ESA95 nationalaccounts concepts is an important part of national accounts compilation andparticularly of GDP by the production approach. The estimation of GDP byproduction approach mostly depends on accounting statements’ data (profit and lossaccounts) as well as on annual structural survey, budget database from Ministry ofFinances and other data sources. It is important that questionnaires of annualaccounting statements are gradually improved following national accounts’35/236