Supplementary table for the financial crisis (1)

2007

Country: Netherlands
Date: 29 March 2010

See notes at the bottom of the table for definitions

Part 1 : Net revenue/cost for general government (impact on ESA95 government deficit)
Millions of national currency
A REVENUE (a+b+c+d)
a) Guarantee fees receivable
b) Interest receivable
c) Dividends receivable
d) Other
B EXPENDITURE (e+f+g+h)
e) Interest payable (2)
f) Capital injections recorded as deficit-increasing (capital transfer)
g) Calls on guarantees
h) Other
C Net revenue/cost for general government (A-B)

x
x
x
x
x
x
x
x
x
x
x

Part 2 : Outstanding amount of assets, actual liabilities (4) and contingent liabilities of general government
General government
Millions of national currency (3)
D
a)
b)
c)
d)
e)
f)

Closing balance sheet
Loans
Securities other than shares (4)
Shares and other equity
Liabilities and assets outside general government under guarantee (5)
Securities issued under liquidity schemes (6)
Special purpose entities (7)

Assets
(D=a+b+c)
x
x
x
x

Liabilities
(D=a+b)
x
x
x

Outside general
government
Contingent liabilities
(D=d+e+f)
x

x
x
x

1. This table relates to activities undertaken to support financial institutions. It does not include wider economic stimulus packages.
2. Interest payable includes actual interest where relevant, and otherwise imputed interest on financing (see explanatory note).
3. The appropriate valuation for all entries in part 2 is nominal value, except for ordinary quoted shares held as assets (which should be recorded at market value).
4. By convention, for the liabilities entry under "general government" (which is the impact on Maastricht Debt from activities to support financial institutions), there is assumed to
be a direct impact on government debt from activities which imply a transfer of cash from government (e.g. transfer of cash relating to capital injections, loans granted, purchase
of financial assets), except for the impact from direct borrowing. In addition, imputations relating to the financing costs should be included.
5. Guarantees covered are those granted by general government to non-general government units. It does not include guarantees on bank deposits, or guarantees on the
liabilities of special purpose entities included below. It is only the value of active guarantees, not announced ceilings for schemes. It also includes guarantees on assets, which
would imply incurrence of government liability in case of a call.
6. Liquidity schemes included here are those where the government securities used are not recorded in government debt (see the Eurostat Decision and accompanying
guidance note for details). By convention in part 2, they are recorded as "contingent liabilities outside the general government", as for guarantees, though it should be noted that
the exposure of government is likely to be limited.
7. Special purpose entities included here are those where government has a significant role, including a guarantee, but which are classified outside the general government
sector (see the Eurostat Decision and accompanying guidance note for details). Their liabilities are recorded outside the general government sector (as contingent liabilities of
general government).
Country footnotes
Countries may add footnotes to explain their national data.
1……………..….
2………………..

Supplementary table for the financial crisis (1)

2008

Country: Netherlands
Date: 29 March 2010

See notes at the bottom of the table for definitions

Part 1 : Net revenue/cost for general government (impact on ESA95 government deficit)
Millions of national currency
A REVENUE (a+b+c+d)
a) Guarantee fees receivable
b) Interest receivable
c) Dividends receivable
d) Other
B EXPENDITURE (e+f+g+h)
e) Interest payable (2)
f) Capital injections recorded as deficit-increasing (capital transfer)
g) Calls on guarantees
h) Other
C Net revenue/cost for general government (A-B)

532
30
502
0
0
459
450
0
0
9
73

Part 2 : Outstanding amount of assets, actual liabilities (4) and contingent liabilities of general government

General government
Millions of national currency at nominal value (3)
D
a)
b)
c)
d)
e)
f)

Closing balance sheet
Loans
Securities other than shares (4)
Shares and other equity
Liabilities and assets outside general government under guarantee (5)
Securities issued under liquidity schemes (6)
Special purpose entities (7)

Assets
(D=a+b+c)
81.431
44.341
0
37.090

Liabilities
(D=a+b)
81.358
10.000
71.358

Outside general
government
Contingent liabilities
(D=d+e+f)
2740

2740
0
0

1. This table relates to activities undertaken to support financial institutions. It does not include wider economic stimulus packages.
2. Interest payable is estimated, based on the government debt implications of activities and the average government bond rate for the year (see explanatory note).
3. The appropriate valuation for all entries in part 2 is nominal value, except for ordinary quoted shares held as assets (which should be recorded at market value).
4. By convention, for the liabilities entry under "general government" (which is the impact on Maastricht Debt from activities to support financial institutions), there is assumed to
be a direct impact on government debt from activities which imply a transfer of cash from government (e.g. transfer of cash relating to capital injections, loans granted,
purchase of financial assets), except for the impact from direct borrowing. In addition, imputation relating to financing of the finacning costs should be included.
5. Guarantees covered are those granted by general government to non-general government units. It does not include guarantees on bank deposits, or guarantees on the
liabilities of special purpose entities included below. It is only the value of active guarantees, not announced ceilings for schemes. It also includes guarantees on assets, which
would imply incurrence of government liability in case of a call.
6. Liquidity schemes included here are those where the government securities used are not recorded in government debt (see the Eurostat Decision and accompanying
guidance note for details). By convention in part 2, they are recorded as "contingent liabilities outside the general government", as for guarantees.
7. Special purpose entities included here are those where government has a significant role, including a guarantee, but which are classified outside the general government
sector (see the Eurostat Decision and accompanying guidance note for details). Their liabilities are recorded outside the general government sector (as contingent liabilities of
general government).
Country footnotes
Countries may add footnotes to explain their national data.
1. Because of lack of any good valuation method, the shares and other equity are valued at original purchase price.
2. Rough estimates are made for imputed liabilities and interest payable due to financing public interventions in the financials markets
3. Average rate of interest applied is about 3 percent based on the yields of DSL's and DTC's in the last quarter of 2008 This figure is published by the Ministry of Finance.

Supplementary table for the financial crisis (1)

2009

Country: Netherlands
Date: 29 March 2010

See notes at the bottom of the table for definitions

Part 1 : Net revenue/cost for general government (impact on ESA95 government deficit)
Millions of national currency
A
REVENUE (a+b+c+d)
a)
Guarantee fees receivable
b)
Interest receivable
c)
Dividends receivable
d)
Other
B
EXPENDITURE (e+f+g+h)
e)
Interest payable (2)
f)
Capital injections recorded as deficit-increasing (capital transfer)
g)
Calls on guarantees
h)
Other
C
Net revenue/cost for general government (A-B)

2.840
113
1.422
1.252
53
4.674
2.480
2.160
0
34
-1.834

Part 2 : Outstanding amount of assets, actual liabilities (4) and contingent liabilities of general government
Outside
general
governm
ent
Assets Liabilities Continge
(D=a+b+c (D=a+b)
nt
55.978
57.812
79.756
7.825
25.546
16.338
32.266
31.815
79.756
0
0

General government
Millions of national currency (3)
D
a)
b)
c)
d)
e)
f)

Closing balance sheet
Loans
Securities other than shares (4)
Shares and other equity
Liabilities and assets outside general government under guarantee (5)
Securities issued under liquidity schemes (6)
Special purpose entities (7)

1. This table relates to activities undertaken to support financial institutions. It does not include wider economic stimulus packages.
2. Interest payable includes actual interest where relevant, and otherwise imputed interest on financing (see explanatory note).
3. The appropriate valuation for all entries in part 2 is nominal value, except for ordinary quoted shares held as assets (which should be recorded
at market value).
4. By convention, for the liabilities entry under "general government" (which is the impact on Maastricht Debt from activities to support financial
institutions), there is assumed to be a direct impact on government debt from activities which imply a transfer of cash from government (e.g.
transfer of cash relating to capital injections, loans granted, purchase of financial assets), except for the impact from direct borrowing. In
addition, imputations relating to the financing costs should be included.
5. Guarantees covered are those granted by general government to non-general government units. It does not include guarantees on bank
deposits, or guarantees on the liabilities of special purpose entities included below. It is only the value of active guarantees, not announced
ceilings for schemes. It also includes guarantees on assets, which would imply incurrence of government liability in case of a call.
6. Liquidity schemes included here are those where the government securities used are not recorded in government debt (see the Eurostat
Decision and accompanying guidance note for details). By convention in part 2, they are recorded as "contingent liabilities outside the general
government", as for guarantees, though it should be noted that the exposure of government is likely to be limited.
7. Special purpose entities included here are those where government has a significant role, including a guarantee, but which are classified
outside the general government sector (see the Eurostat Decision and accompanying guidance note for details). Their liabilities are recorded
outside the general government sector (as contingent liabilities of general government).
Country footnotes
Countries may add footnotes to explain their national data.

1. Because of lack of any good valuation method, the shares and other equity are valued at original purchase price.
2. Rough estimates are made for imputed liabilities and interest payable due to financing public interventions in the financials markets
3. Average rate of interest applied is 3,2 percent based on the yields of DSL's and DTC's in 2009. This figure is published by the Ministry of Finance.
4. The net revenue/costs are negative and should be financed. Hence, this amount is added to the debt (securities other than shares)