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Dáil Éireann díospóireacht -
Wednesday, 9 Feb 1966

Vol. 220 No. 8

Ceisteanna—Questions. Oral Answers. - Stock Appreciation.

3.

asked the Taoiseach the percentage of total national income represented by stock appreciation in each year from 1957 to 1965, inclusive.

The entry in the National Accounts in respect of stock appreciation is not an element of National Income. Since in company accounts the annual profit is arrived at by including the change in the value of stocks and since only the value of the physical change in stocks appears in the National Accounts, an offsetting entry termed "Adjustment for stock appreciation" (which may be positive or negative) has to be made to arrive at the conceptually correct total. It would not be meaningful to express the adjustment as a percentage of National Income.

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