Other accounts receivable/payable, excluding trade credits and advances (F.79)

5.128 . Definition:

The sub-category other accounts receivable/payable excluding trade credits and advances (F.79) consists of all transactions in other accounts receivable/payable excluding trade credits and advances (AF.79) that is financial claims which arise from timing differences between distributive transactions or financial transactions on the secondary market and the corresponding payment. It includes also financial claims due to income accruing over time.

5.129 . Sub-category AF.79 includes financial claims created as a result of the timing difference between accrued transactions and payments made in respect of, for example:

a) taxes;

b) social contributions;

c) wages and salaries;

d) rents on land and subsoil assets;

e) dividends;

f) interest;

g) transactions in financial assets on the secondary market.

The amounts of taxes and social contributions payable to the general government to be included under AF.79 should not include the part of these taxes and social contributions which is unlikely to be collected, and which therefore represents a general government claim that has no real value.

5.130 . Preferably, the counterpart financial transaction of interest accruing on financial assets (see paragraph 5.17.) should be recorded as being reinvested in that financial asset. The recording of interest will, however, have to follow national practices. If the interest accrual is not recorded as being reinvested in the financial asset, it should be classified in sub-category F.79.

5.131 . At the date due for payment of interest, two financial transactions are recorded (see paragraph 5.17.): firstly, in the event of payment, a transaction in the financial asset used for payment, or, in the event of non-payment, an increase of interest arrears to be recorded in sub-category F.79; secondly, the counterpart financial transaction reducing the net financial claim of the creditor against the debtor.