Chapter

Appendix IV. CDIS Model Survey Forms

Author(s):
Rita Mesias
Published Date:
October 2015
Share
  • ShareShare
Show Summary Details

Model Form 1. Collection Form for Inward Direct Investment Positions

The following is a model letter for forwarding the form to potential respondents:

Dear Sir/Madam,

The [name of agency] is conducting this survey to obtain direct investment position data between your enterprise and your foreign direct investors (i.e., foreign enterprises that own 10 percent or more of the voting equity in your enterprise) and investments with nonresident fellow enterprises (i.e., enterprises that have a common parent with your enterprise, but you do not own 10 percent or more of the voting equity in your fellow enterprises abroad, nor do they own 10 percent or more of the voting equity in your enterprise). The survey is conducted as part of a global undertaking, being coordinated by the International Monetary Fund. Your cooperation in completing this survey questionnaire is greatly appreciated.

Completing and returning the questionnaire

Please take time to review the questionnaire before completing it. Do not hesitate to contact us if you have any difficulty understanding or completing the questionnaire at [phone number and/or e-mail address of the contact person].

Why do we need to collect this information?

Information from this questionnaire is needed to provide reliable and up-to-date information on direct investment in [name of country]. Such information is needed for economic analysis, for constructing the international investment position accounts (that is, the assets and liabilities of [name of country] with the rest of the world), for measuring how investments have grown over time, and in understanding the impact of these investments.

Mandate and confidentiality

This questionnaire is being conducted by [cite the legislative or other authority for collecting this information]. Any information that you supply will be used for statistical purposes–it will only be published in aggregate form that prevents the disclosure of data by individual respondents. Data relating to individual enterprises will not be made available to anybody other than staff implementing the exercise. They are bound to secrecy: breaches of your confidentiality will be dealt with severely and may result in the perpetrator being fired, fined and/or imprisoned.

Dissemination of findings

We want to ensure you receive tabulated data and analytical outputs as soon as possible and expect that this will enrich your own decision-making. The findings will be posted on the [name of agency] website and released through the [name of agency’s] publications (such as its Monthly Bulletin and Annual Report).

Signed [Head of agency]

How to complete and return this questionnaire

Coverage: This questionnaire collects information on investment positions between your enterprise and your foreign direct investors that directly or indirectly have a 10 percent or more voting ownership in your enterprise, and between your enterprise and nonresident fellow enterprises abroad (that is, enterprises that have a common parent with your enterprise but you do not own 10 percent or more of the voting equity in your fellow enterprises abroad, nor do they own 10 percent or more of the voting equity in your enterprise), as of end-December YYYY. The term “enterprise” is used to sometimes refer to the statistical reporting unit. This may be a local enterprise group instead of a single enterprise.

Due Date: The due date for submission of your completed questionnaire is MM, DD, YYYY.

Completing and returning the questionnaire:

Please submit the questionnaire in paper or electronic form. Questionnaires that are mailed should be delivered to (indicate postal address). Questionnaires that are e-mailed should be directed to the following e-mail box: (indicate e-mail address). If you have any questions regarding completing and/ or returning the questionnaire, please contact us at: [phone number and/or e-mail address of the contact person].

In addition to completing the questionnaire, would you please provide a copy of your enterprise’s YYYY income statement and balance sheet. These financial statements may allow us to review your questionnaire results without troubling you.

Content:

The questionnaire is made up of three sections.

Section A asks for general information about your enterprise (please answer the applicable questions).

Section B provides the reporting instructions, including definitions of terms such as fellow enterprise that should be used for completing Section C.

Section C asks for data on the values outstanding of both assets and liabilities, equity and debt, between your enterprise and your direct investor (Section C1) and asset and liability positions with fellow enterprises abroad (Section C2). If audited data are not available, unaudited estimates are acceptable.

Section A. General Information on your Enterprise

1.1. Name of your enterprise
1.2. Name /position of person completing form1.3. Name /position of alternative contact person
1.4. Postal Address
1.5. Telephone number1.6. Fax number1.7. E-mail address
1.8. If the questionnaire is being completed for the enterprise by an agent (such as its accounting firm), please provide the name, postal and email addresses, and phone number.1.9. The information provided on this form is correct.

Signed (senior enterprise officer or agent)

Date

1.10. If your enterprise is part of a local group (see definition in Section B), please list the other enterprises in the group that operate in [name of country] and indicate if the data in Section C includes these enterprises (please tick the following columns accordingly).

Name of other resident enterprises in your local enterprise group(Please indicate if data for these enterprises is included in section C)Not includedIncluded

1.11. Indicate the principal area of activity of the reporting enterprise or local enterprise group, based on turnover (tick one):

A. Agriculture, forestry, and fishingL. Real estate activities
B. Mining and quarryingM. Professional, scientific, and technical activities
C. ManufacturingN. Administrative and support services activities
D. Electricity, gas, steam, and air- conditioning supplyO. Public administration and defense; compulsory social security
E. Water supply, sewerage, waste management and remediation activitiesP. Education
F. ConstructionQ. Human health and social work activities
G. Wholesale and retail; repair of motor vehicles and motorcyclesR. Arts, entertainment, and recreation
H. Transport and storageS. Other services activities
I. Accommodation and food service activitiesT. Activities of households as employers; undifferentiated goods- and services-producing activities of households for own use
J. Information and communicationU. Activities of extraterritorial organizations and bodies
K. Finance and insurance activities

Section B. Reporting Instructions, Definitions, and Guidelines

The reporting period:

This questionnaire asks for balances with nonresidents as of December 31, YYYY. Data as of a date between November 15, YYYY and February 15, YYYY+1 are acceptable. Please indicate the date to which these data relate at the top of the information tables requested in Sections C1 and C2.

Valuation of data to be reported in section C:

Please report data according to the following guidelines:

Currency:

Report all data in [thousands of units of local currency]. If the currency(ies) of denomination of any of your enterprise’s foreign assets and liabilities is (are) not in [local currency], please use the end-year foreign currency exchange rates to convert to [local currency].

Listed shares:

Shares and other equity can be readily valued at their current prices (market price) when they are regularly traded on stock exchanges or other financial markets.

Unlisted shares and other equity:

When actual market values are not available, please report your foreign direct investor’s or fellow enterprise’s (see the following for definitions) claims on your net worth, consisting of:

  • (i) Paid-up capital (excluding any shares on issue that the enterprise holds in itself and including share premium accounts) or equivalent for unincorporated enterprises

  • (ii) All types of reserves identified as equity in the enterprise’s balance sheet (including investment grants when accounting guidelines consider them a component of owners’ equity)

  • (iii) Cumulated retained earnings (which may be negative)

  • (iv) Cumulated retained holding gains and losses.

Similarly, please include the preceding four items in calculating the value of reverse equity investment - that is your enterprise’s equity claim on your direct investor(s) or fellow enterprise(s) abroad (see the following for definitions).

In determining your net worth (and therefore in determining your foreign direct investor’s or fellow enterprise’s claims on your net worth), most financial assets should be reflected at an estimate of their current fair values; cumulative reinvested earnings and cumulated retained holding gains and losses should be included; and depreciation on items of property, plant, and equipment should be included. If your normal bookkeeping or accounting rules do not value these items as described herein, please adjust their values before calculating the amounts to enter in Section C.

Debt instruments:

Loans and trade credit and other accounts payable:

  • Please report on a nominal value basis (after allowing for any changes that may result from changes in exchange rates).

  • Nominal value represents the value of funds advanced less any repayments plus any outstanding accrued interest.

Debt securities:

Please report the market value of the securities, as of the balance sheet date.

Definitions of entities in the questionnaire: direct investment enterprises, direct investors, fellow enterprises, and local enterprise group

Direct investment enterprise: A direct investment enterprise is an enterprise, resident in one economy, in which an enterprise, resident in another economy, holds 10 percent or more of the voting equity, either directly or indirectly.

Units are viewed as residents of [name of economy] if they have resided (or intend to reside) for a year or more in [name of economy]. A direct investment enterprise’s local enterprise group includes the resident enterprise that is at least 10 percent directly owned by a foreign direct investor (see the following for a definition), and the resident enterprises that it directly or indirectly controls in its own economy.

All of these enterprises should be included in inward direct investment whether you report data for them on a single report for the local enterprise group or you report data on separate reports.

A direct investor is an enterprise, resident in an economy that directly or indirectly holds 10 percent or more of the equity in a nonresident direct investment enterprise.

A fellow enterprise is a nonresident that has a common (immediate or indirect) parent with your enterprise but you do not own 10 percent or more of the voting equity in your fellow enterprises abroad, nor do they own 10 percent or more of the voting equity in your enterprise.

Units are viewed as nonresidents of [name of economy] if they have resided (or intend to reside) abroad for a year or more. If you are not sure of the residence of an enterprise, please contact us so that we may determine its status.

Section C. Asset and liability positions of the direct investment enterprise with its foreign direct investor (Section C1), and of the resident fellow enterprise with its fellow enterprises abroad (Section C2), by country of the foreign units with whom the accounts are held.

Please report in thousands of [local currency], using the valuation guidelines described in Section B.

C.1: Direct investment enterprise’s positions with its foreign direct investor

Positions as of ………………… (insert date to which the information refers)

(in thousands of units of local currency)

Economy of location of foreign direct investorEquity and debt liabilities to foreign direct investorEquity and debt claims on foreign direct investor (so-called “reverse investment”)
Equity owned by direct investor–report the value of your direct investor’s claims on your net worthDebt liabilities to direct investorDebt claims on direct investorEquity claims on direct investor–report your claims on your direct investor’s net worth

C.2. Your enterprise’s positions with fellow enterprises abroad.

If your enterprise has no positions with nonresident fellow enterprises, please indicate “N/A”:_______and do not complete the following section.

If you are a fellow enterprise, please indicate the residence of the ultimate controlling parent of your enterprise, that is, the enterprise at the top of the control chain:

Residence of ultimate controlling parent of your enterprise(please tick one case and see the following note)
Nonresident of your own economy
Resident of your own economy
Do not know
Note: If you are a resident fellow enterprise, and your ultimate controlling parent is a nonresident of your own economy, asset and liability positions with fellow enterprises abroad are regarded as inward direct investment. If your ultimate controlling parent is a resident of your own economy, asset and liability positions with fellow enterprises abroad are regarded as outward direct investment. If it is unknown whether your ultimate controlling parent is a resident or a nonresident of your own economy, then asset positions with fellow enterprises abroad are regarded as outward direct investment, and liability positions with fellow enterprises abroad are regarded as inward direct investment. For convenience, all positions with fellow enterprises abroad may be reported either in report form 1 (inward direct investment), or in report form 2 (outward direct investment), but please do not report such positions in both report forms 1 and 2.

Positions as of ………………… (insert date to which the information refers)

(in thousands of units of local currency) with fellow enterprises abroad

Economy of location of fellow enterprise abroadEquity and debt liabilities to fellow enterprise abroadEquity and debt claims on fellow enterprise abroad
Equity owned by fellow enterprise abroad–report the value of your fellow enterprise abroad claims on your enterprise’s net worthDebt liabilities to fellow enterprise abroadDebt claims on fellow enterprise abroadEquity claims on fellow enterprise abroad–report your enterprise’s claims on the net worth of your fellow enterprise abroad

Thank you for your cooperation.

Model Form 2. Collection Form for Outward Direct Investment Positions

The following is a model letter for forwarding the form to potential respondents:

Dear Sir/Madam,

The [name of agency] is conducting this survey to obtain direct investment position data between your enterprise and your foreign direct investment enterprises (i.e., nonresident enterprises in which your enterprise directly or indirectly holds 10 percent or more of the voting equity) and investments with nonresident fellow enterprises (i.e., enterprises that have a common parent with your enterprise, but you do not own 10 percent or more of the voting equity in your fellow enterprises abroad, nor do they own 10 percent or more of the voting equity in your enterprise). The survey is conducted as part of a global undertaking, being coordinated by the International Monetary Fund. Your cooperation in completing this survey questionnaire is greatly appreciated.

Completing and returning the questionnaire

Please take time to review the questionnaire before completing it. Do not hesitate to contact us if you have any difficulty understanding or completing the questionnaire at:[phone number and/or e-mail address of the contact person].

Why do we need to collect this information?

Information from this questionnaire is needed to provide reliable and up-to-date information on direct investment abroad. Such information is needed for economic analysis, for constructing the international investment position accounts (that is, the assets and liabilities of [name of country] with the rest of the world), for measuring how investments have grown over time, and in understanding the impact of these investments on our own economy as well as on the economies that are recipients of investment.

Mandate and confidentiality

This questionnaire is being conducted under the authority of [cite the legislative or other authority for collecting this information]. Any information you supply will be used for statistical purposes; it will only be published in aggregate form that prevents the disclosure of data by individual respondents. Data relating to individual enterprises will not be made available to anybody other than staff implementing the exercise. They are bound to secrecy: breaches of your confidentiality will be dealt with severely and may result in the perpetrator being fired, fined, and/or imprisoned.

Dissemination of findings

We want to ensure you receive tabulated data and analytical outputs as soon as possible and expect that this will enrich your own decision-making. The findings will be posted on the [name of agency] website and released through the [name of agency’s] publications (such as its Monthly Bulletin and Annual Report).

Signed [Head of agency]

How to complete and return this questionnaire

Coverage: This questionnaire collects information on your enterprise’s investment positions with foreign companies in which your enterprise, directly or indirectly, has a 10 percent or more voting ownership, and between your enterprise and fellow enterprises abroad (that is, enterprises that have a common parent with your enterprise, but you do not own 10 percent or more of the voting equity in your fellow enterprises abroad, nor do they own 10 percent or more of the voting equity in your enterprise), as of end-December YYYY. The term “enterprise” is used to sometimes refer to the statistical reporting unit. This may be a local enterprise group instead of a single enterprise.

Due Date: The due date for submission of your completed questionnaire is MM, DD, YYYY.

Completing and returning the questionnaire:

Please submit the questionnaire in paper or electronic form. Questionnaires that are mailed should be delivered to (indicate postal address). Questionnaires that are e-mailed should be directed to the following e-mail box: (indicate e-mail address). If you have any questions regarding completing, and/or returning the questionnaire, please contact us at [phone number and/or e-mail address of contact person].

In addition to completing the questionnaire, would you please provide a copy of your enterprise’s YYYY income statement and balance sheet. These financial statements may allow us to review your questionnaire results without troubling you.

Content:

The questionnaire is made up of three sections:

Section A asks for general information about your enterprise (please answer all applicable questions).

Section B provides the reporting instructions, including definitions such as fellow enterprise, that should be used for completing Section C.

Section C asks for data on the values outstanding of both assets and liabilities, equity and debt, between your enterprise and your direct investment enterprise(s) located abroad (Section C1) and asset and liability positions with fellow enterprises abroad (Section C2). If audited data are not available, unaudited estimates are acceptable.

Section A. General Information on Your Enterprise

1.1. Name of your enterprise
1.2. Name / position of person completing form1.3. Name / position of alternative contact person
1.4. Postal address
1.5. Telephone number1.6. Fax number1.7. E-mail address
1.8. If the questionnaire is being completed for the enterprise by an agent (such as its accounting firm), please provide the name, postal and e-mail addresses, and phone number.1.9. The information provided on this form is correct.

Signed (senior enterprise officer or agent)

Date

1.10. If your enterprise is part of a local group (see definition in Section B), please list the other enterprises in the group that operate in [name of country] and indicate if the data in Section C includes these enterprises (please tick the following columns accordingly).

Name of other resident enterprises in your local enterprise group(Please indicate if data for these enterprises is included in section C)Not includedIncluded

1.11. Indicate the principal area of activity of the reporting enterprise or local enterprise group, based on turnover (tick one):

A. Agriculture, forestry, and fishingL. Real estate activities
B. Mining and quarryingM. Professional, scientific, and technical activities
C. ManufacturingN. Administrative and support services activities
D. Electricity, gas, steam, and air- conditioning supplyO. Public administration and defense; compulsory social security
E. Water supply, sewerage, waste management and remediation activitiesP. Education
F. ConstructionQ. Human health and social work activities
G. Wholesale and retail; repair of motor vehicles and motorcyclesR. Arts, entertainment, and recreation
H. Transport and storageS. Other services activities
I. Accommodation and food service activitiesT. Activities of households as employers; undifferentiated goods- and services-producing activities of households for own use
J. Information and communicationU. Activities of extraterritorial organizations and bodies
K. Finance and insurance activities

Section B. Reporting Instructions, Definitions, and Guidelines

The reporting period:

This questionnaire asks for balances with nonresidents as of December 31, YYYY. Data as of a date between November 15, YYYY and February 15, YYYY+1 are acceptable. Please indicate the date to which these data relate at the top of the information tables requested in Sections C1 and C2.

Valuation of data to be reported in section C:

Please report data according to the following guidelines:

Currency:

Report all data in [thousands of units of local currency]. If the currency(ies) of denomination of any of your enterprise’s foreign assets and liabilities is(are) not in [local currency], please use the end-year foreign currency exchange rates to convert to [local currency].

Listed shares:

Shares and other equity can be readily valued at their current prices (market price) when they are regularly traded on stock exchanges and other financial markets.

Unlisted shares and other equity:

When actual market values are not available, please report your claims on the net worth of your direct investment enterprises abroad (see the following for a definition), consisting of:

  • (i) Paid-up capital (excluding any shares on issue that the enterprise holds in itself and including share premium accounts) or equivalent for unincorporated enterprises

  • (ii) All types of reserves identified as equity in the enterprise’s balance sheet (including investment grants when accounting guidelines consider them a component of owners’ equity)

  • (iii) Cumulated retained earnings (which may be negative)

  • (iv) Cumulated retained holding gains and losses.

Similarly, please include the preceding four items in calculating the value of reverse equity investment, (i.e., of your direct investment enterprise’s, or of your fellow enterprise’s abroad), claim on your own net worth.

In determining your direct investment enterprise’s net worth (and therefore in determining the value of your claims on its net worth), most financial assets should be reflected at an estimate of their current fair values; cumulative reinvested earnings and cumulated retained holdings gains and losses should be included; and depreciation on items of property, plant, and equipment should be included. If your normal bookkeeping or accounting rules do not value these items as described herein, please adjust their values before calculating the amounts to enter in Section C.

Debt instruments:

Loans and trade credit and other accounts payable:

  • Please report on a nominal value basis (after allowing for any changes that may result from changes in exchange rates).

  • Nominal value represents the value of funds advanced less any repayments plus any outstanding accrued interest.

Debt securities:

Please report the market value of the securities as at the balance sheet date.

Definitions of entities in the questionnaire: Direct investors, direct investment enterprises, fellow enterprises, and local enterprise group

Direct investor: A direct investor is an enterprise, resident in an economy that directly or indirectly holds 10 percent or more of the voting equity in a nonresident direct investment enterprise.

Units are viewed as residents of [name of economy] if they have resided (or intend to reside) for a year or more in [name of economy]. A direct investor’s local enterprise group includes the resident enterprise that directly owns a foreign direct investment enterprise (see the following for a definition), the resident enterprises that directly or indirectly control this enterprise, and the resident enterprises that any of these enterprises directly or indirectly control in their own economy.

All of these enterprises should be included in outward direct investment whether you report data for them on a single report for the local enterprise group or you report data on separate reports.

Direct investment enterprise: A direct investment enterprise is an enterprise, resident in one economy, in which an enterprise, resident in another economy, holds 10 percent or more of the equity, either directly or indirectly.

A fellow enterprise is a nonresident that has a common (immediate or indirect) parent with your enterprise but you do not own 10 percent or more of the voting equity in your fellow enterprises abroad, nor do they own 10 percent or more of the voting equity in your enterprise.

Units are viewed as nonresidents of [name of economy] if they have resided (or intend to reside) abroad for a year or more. If you are not sure of the residence of an enterprise, please contact us so that we may determine its status.

Section C. Asset and liability positions of the direct investor with its foreign direct investment enterprises abroad (Section C1), and of the resident fellow enterprise with its fellow enterprises abroad (Section C2), by economy of the foreign units with whom the accounts are held.

Please report in thousands of [local currency], using the valuation guidelines described in Section B.

Section C.1. Direct investor’s positions with its direct investment enterprises abroad

Positions as of ………………… (insert date to which the information refers)

(in thousands of units of local currency)

Economy of location of direct investment enterpriseEquity and debt claims of direct investorLiabilities of direct investors (so-called “reverse investment”)
Equity claims (assets) on direct investment enterprise (for directly owned direct investment enterprises only)–report your enterprise’s claims on the net worth of your direct investment enterpriseDebt claims (assets) on direct investment enterpriseDebt liabilities to direct investment enterpriseEquity liabilities to direct investment enterprise

If your enterprise has no such assets or liabilities, please indicate N/A_______and continue.

Section C.2. Positions of resident fellow enterprises with fellow enterprises abroad

If your enterprise has no positions with fellow enterprises abroad, please indicate N/A:_and do not complete the following section.

If you are a fellow enterprise, please indicate the residence of the ultimate controlling parent of your enterprise, that is, the enterprise at the top of the control chain:

Residence of ultimate controlling parent of your enterprise(please tick one case and see the following note)
Resident of your own economy
Nonresident of your own economy
Do not know
Note: If you are a resident fellow enterprise, and your ultimate controlling parent is a nonresident of your own economy, asset and liability positions with fellow enterprises abroad are regarded as inward direct investment. If your ultimate controlling parent is a resident of your own economy, asset and liability positions with fellow enterprises abroad are regarded as outward direct investment. If it is unknown whether your ultimate controlling parent is a resident or a nonresident of your own economy, then asset positions with fellow enterprises abroad are regarded as outward direct investment, and liability positions with fellow enterprises abroad are regarded as inward direct investment. For convenience, all positions with fellow enterprises abroad may be reported either in report form 1 (inward direct investment), or in report form 2 (outward direct investment), but please do not report such positions in both report forms 1 and 2.

Positions as of ………………… (insert date to which the information refers)

(in thousands of unit of local currency) with fellow enterprises abroad

Economy of location of fellow enterprise abroadEquity and debt claims on fellow enterprise abroadEquity and debt liabilities to fellow enterprise abroad
Equity claims (assets) on fellow enterprise abroad–report the value of your enterprise’s claims on your fellow enterprise’s net worthDebt claims on fellow enterprise abroadDebt liabilities to fellow enterprise abroadEquity liabilities to fellow enterprise abroad–report the value of your fellow enterprise’s claims on your enterprise’s net worth

Thank you for your cooperation.

Model Form 3. Form for Inward Direct Investment Positions, Transactions, and Other Changes

The following is a model letter for forwarding the form to potential respondents:

Dear Sir/Madam,

The [name of agency] is conducting this survey to obtain data on income, financial transactions, and assets and liabilities positions between your enterprise and your foreign direct investor(s) (that is, the foreign enterprise(s) that owns (own) 10 percent or more of the voting equity in your enterprise) and with nonresident fellow enterprises (i.e., enterprises that have a common parent with your enterprise, but you do not own 10 percent or more of the voting equity in your fellow enterprises abroad, nor do they own 10 percent or more of the voting equity in your enterprise). The survey is conducted as part of a global undertaking, being coordinated by the International Monetary Fund. Your cooperation in completing this survey is greatly appreciated.

Completing and returning the survey

Please take time to review the survey questionnaire before completing it. Do not hesitate to contact us at [phone number and/or e-mail address of the contact person] if you have any difficulty understanding or completing the survey.

Why do we need to collect this information?

Information from this survey is needed to provide reliable and up-to-date information on direct investment in [name of country]. Such information is needed for economic analysis, for constructing the balance of payments and international investment position accounts (that is, transactions and positions of [name of country] with the rest of the world), for measuring how investments have grown over time, and in understanding the impact of these investments.

Mandate and confidentiality

This survey is being conducted under the authority of [cite the legislative or other authority for collecting this information]. Any information that you supply will be used solely for statistical purposes–it will only be published in aggregate form that prevents the disclosure of data by individual respondents. Data relating to individual enterprises will not be made available to anybody other than staff implementing the exercise. They are bound to secrecy; breaches of your confidentiality will be dealt with severely and may result in the perpetrator being fired, fined, and/or imprisoned.

Dissemination of findings

Tabulated data and analytical outputs will be posted on the [name of agency] website and released through the [name of agency’s] publications (such as its Monthly Bulletin and Annual Report).

Signed [Head of agency]

How to complete and return this survey

Coverage: This survey collects information on income, financial transactions, and asset and liability positions between your enterprise and your foreign direct investors that directly or indirectly have a 10 percent or more voting ownership in your enterprise, and between your enterprise and fellow enterprises abroad (that is, enterprises that have a common parent with your enterprise, but you do not own 10 percent or more of the voting equity in your fellow enterprises abroad, nor do they own 10 percent or more of the voting equity in your enterprise), for the period ending December YYYY (for transactions) or as of end-December YYYY (for positions). The term “enterprise” is used to sometimes refer to the statistical reporting unit. This may be a local enterprise group instead of a single enterprise.

Due Date: The due date for submission of your completed survey is MM, DD, YYYY.

Completing and returning the survey:

Please submit the survey in paper or electronic form. Surveys that are mailed should be delivered to (indicate postal address). Surveys that are e-mailed should be directed to the following e-mail box: (indicate e-mail address). If you have any questions regarding completing and/or returning the survey, please contact us at: [phone number and/or e-mail address of the contact person].

In addition to completing the survey, would you please provide a copy of your enterprise’s YYYY financial statements. These documents may allow us to review your survey results without troubling you should we have any follow up questions.

Content:

The survey is made up of three sections.

Section A asks for general information about your enterprise (please answer the applicable questions).

Section B provides the reporting instructions, including definitions of terms such as fellow enterprise that should be used for completing Section C.

Section C asks for data on the values of YYYY financial transactions, other changes, and of end-year YYYY-1 and YYYY positions (Section C.1), and the associated income items (Section C.2), between your enterprise and your direct investor, and between your enterprise and fellow enterprises abroad. Section C.3 asks for data on net income, realized and unrealized holding gains (losses) of your enterprise and other changes in equity position.

If audited data are not available, careful, unaudited estimates are acceptable.

Section A. General Information on Your Enterprise

1.1. Name of your enterprise
1.2. Name / position of person completing form1.3. Name / Position of alternative contact person
1.4. Postal address
1.5. Telephone number1.6. Fax number1.7. E-mail address
1.8. If the questionnaire is being completed for the enterprise by an agent (such as its accounting firm), please provide the name, postal and e-mail addresses, and phone number.1.9. The information provided on this form is correct.

Signed (senior enterprise officer or agent)

Date

1.10. If your enterprise is part of a local enterprise group (see definition in Section B), please list the other enterprises in the group that operate in [name of country] and indicate if the data in Section C include these enterprises (please tick the following columns accordingly).

Name of other resident enterprises in your local enterprise group(Please indicate if data for these enterprises are included in section C)Not includedIncluded

1.11. Indicate the principal activity of the reporting enterprise or local enterprise group, based on turnover (tick one):

A. Agriculture, forestry, and fishingL. Real estate activities
B. Mining and quarryingM. Professional, scientific, and technical activities
C. ManufacturingN. Administrative and support services activities
D. Electricity, gas, steam, and air- conditioning supplyO. Public administration and defense; compulsory social security
E. Water supply, sewerage, waste management and remediation activitiesP. Education
F. ConstructionQ. Human health and social work activities
G. Wholesale and retail; repair of motor vehicles and motorcyclesR. Arts, entertainment, and recreation
H. Transport and storageS. Other services activities
I. Accommodation and food service activitiesT. Activities of households as employers; undifferentiated goods- and services-producing activities of households for own use
J. Information and communicationU. Activities of extraterritorial organizations and bodies
K. Finance and insurance activities

Section B. Reporting Instructions, Definitions, and Guidelines

The reporting period:

This survey asks for balances with nonresidents as of December 31, YYYY-1 and YYYY and for financial transactions and income items during YYYY. End-year data as of a date between November 15, YYYY and February 15, YYYY+1 are acceptable, and for financial transactions and income items for the 12 months, ending between November 15, YYYY-1 and February 15, YYYY. Please indicate the dates to which these data relate at the top of the information tables requested in Sections C1 and C3.

Definitions of entities in the questionnaire: direct investment enterprise, direct investor, fellow enterprises, and local enterprise group

Direct investment enterprise: A direct investment enterprise is an enterprise, resident in one economy, in which an enterprise, resident in another economy, holds 10 percent or more of the voting equity, either directly or indirectly.

Units are viewed as residents of [name of economy] if they have resided (or intend to reside) for a year or more in [name of economy]. A direct investment enterprise’s local enterprise group includes the resident enterprise that is at least 10 percent directly owned by a foreign direct investor (see the following for a definition), and the resident enterprises that it directly or indirectly controls in its own economy.

All of these enterprises should be included in direct investment whether you report data for them on a single report for the local enterprise group or you report data on separate reports.

A direct investor is an enterprise, resident in an economy that directly or indirectly holds 10 percent or more of the equity in a nonresident direct investment enterprise.

A fellow enterprise is a nonresident that has a common (immediate or indirect) parent with your enterprise but you do not own 10 percent or more of the voting equity in your fellow enterprises abroad, nor do they own 10 percent or more of the voting equity in your enterprise.

Residence

Units are viewed as residents of [name of economy] if they have resided (or intend to reside) in [name of economy] for a year or more.

Units are viewed as nonresidents of [name of economy] if they have resided (or intend to reside) abroad for a year or more. If you are not sure of the residence of an enterprise, please contact us so that we may determine its status.

Section C

Valuation of data to be reported in section C:

Please report data according to the following guidelines: Report all data in [thousands of units of local currency].

Transactions

Currency: A transaction should be recorded at the value at the time it occurs. If the transaction is in a foreign currency, please use the rate of exchange on the day of the transaction, or a weighted average rate for the reporting period if transactions (such as interest receipts and payments) occur continually over the period.

For interest, please report the total value of interest (payable and receivable) that accrued during YYYY, even if some payment were made during the year.

For dividends, please record the total value of dividends received and receivable (and paid and payable) during YYYY.

Positions

Currency: If the currency(ies) of denomination of any of your enterprise’s foreign assets and liabilities is (are) not in [local currency], please use the end-year foreign currency exchange rates to convert positions to [local currency].

Listed shares:

Shares and other equity can be readily valued at their current prices (market price) when they are regularly traded on stock exchanges and other financial markets.

Unlisted shares and other equity:

When actual market values are not available, please report owners’ equity (i.e., net worth) as the sum of your foreign direct investor’s or fellow enterprise’s (see the previous section for definitions) claims on your net worth, consisting of:

  • (i) Paid-up capital (excluding any shares on issue that the enterprise holds in itself and including share premium accounts) or equivalent for unincorporated enterprises

  • (ii) All types of reserves identified as equity in the enterprise’s balance sheet (including investment grants when accounting guidelines consider them a component of owners’ equity)

  • (iii) Cumulated retained earnings (which may be negative)

  • (iv) Cumulated retained holding gains and losses.

Similarly, please include the preceding four items in calculating the value of reverse investment – that is your enterprise’s equity claim on your direct investor(s) or fellow enterprise(s) abroad (see the previous section for definitions).

In determining your net worth (and therefore in determining your foreign direct investor’s or fellow enterprise’s claims on your net worth), most financial assets should be reflected at an estimate of their current fair values; cumulative reinvested earnings and cumulated retained holding gains and losses should be included; and depreciation on items of property, plant, and equipment should be included. If your normal bookkeeping or accounting rules do not value these items as described herein, please adjust their values before calculating the amounts to enter in Section C.

Debt instruments:

Loans and trade credit and other accounts payable:

  • Please report on a nominal value basis (after allowing for any changes that may result from changes in exchange rates).

  • Nominal value represents the value of funds advanced less any repayments plus any outstanding accrued interest.

Debt securities:

Please report the market value of the securities, as of the balance sheet date.

“Other changes” during period

Please specify the amount of changes in equity (items 4 and 9), and intercompany debt assets and liabilities (items 15 and 19) in Section C that did not arise from transactions. A transaction is an interaction between two units that occurs by mutual agreement. The following are common examples of changes in balances arising from valuation adjustments: changes in foreign currency exchange rates; write-ups and write-downs, or write-offs of assets (financial and nonfinancial) and debt liabilities.

Realized and unrealized holding gains (losses): Item 30

Please specify realized and unrealized holding gains (losses) included in net income resulting from the sale or disposition of financial and nonfinancial assets (such as securities, land, other property, plant, equipment); goodwill impairment; write-downs or write-offs or assets or liabilities; extraordinary, unusual, or infrequently occurring items that are material, such as losses from disasters or accidental damage; and gains and losses resulting from re-measuring foreign currency-denominated assets and liabilities due to changes in foreign exchange rates during the period.

Other changes in equity investment position: Item 31

Please specify the amount of the change in the equity investment position in the resident direct investment enterprise or resident fellow enterprise (item 4) or investment in the nonresident direct investor or nonresident fellow enterprise (item 9) that did not arise from transactions and is not reported on item 30 (certain realized and unrealized gains [losses] of resident enterprise excluded from net income and taken directly to the owners’ equity account). A common example of a change in equity investment arising from a valuation adjustment that is not reported in item 30 is from the acquisition, or sale, of a direct investment enterprise for an amount that exceeds (or is less than) the value of the direct investment enterprise according to the books of the direct investment enterprise. Report the difference between the transaction value and the carrying amount in the equity investment position in this item.

Section C.1 Equity and Debt Outstanding Balances, Financial Transactions, and Other Changes in Assets and Liabilities between Your Enterprise and Your Direct Investor(s) and Fellow Enterprise(s) Abroad

Please report in thousands of [local currency], using the valuation guidelines described in Section B, the opening balances, any transactions during the period, any other changes on the balance sheet that are not the result of transactions, and the closing balances, between your enterprise and your direct investor(s) and fellow enterprises abroad. If none, please report “N/A” as appropriate.

Equity and Debt Outstanding Balances, Financial Transactions, and Other Changes in Assets and Liabilities between Your Enterprise and Your Direct Investor(s) and Fellow Enterprise(s) Abroad

Equity

For 12-month period ending …………… (See Section B)

Counterpart economy (list separately)Equity claims of your enterprise on related enterprises abroadEquity liabilities by your enterprise to related enterprises abroad
Opening balance (1)Financial transactions during periodOther changes during period (4)Closing balance (5)Opening balance (6)Financial transactions during periodOther changes during period (9)Closing balance (10)
Increases (2)Decreases (3)Increases (7)Decreases (8)
Direct investors(s)
Fellow enterprise(s)

Percent of your enterprise’s equity held by your direct investor(s)

Economy of direct investorPercentage held at the beginning of period (See Section B) (11)Percentage held at the end of the period (See Section B) (12)

Debt

For 12-month period ending …………… (See Section B)

Counterpart economy (list separately)Short and long-term debt claims of your enterprise on related enterprises abroadShort and long-term debt liabilities by your enterprise to related enterprises abroad
Opening balance (13)Financial transactions (net) during period (14)Other changes during period (15)Closing balance (16)Opening balance (17)Financial transactions (net) during period (18)Other changes during period (19)Closing balance (20)
Direct investor(s)
Fellow enterprise(s)

Section C.2 Income Payable and Receivable between Your Enterprise and Your Direct Investor(s) and Fellow Enterprise(s) Abroad and Withholding Taxes Payable

Please report in thousands of [local currency], using the valuation guidelines described in Section B, if none, please report “N/A” as appropriate.

For 12- month period ending……………(See Section B)

Counterpart economy (list separately)Interest receipts from related nonresident entity during period (21)Withholding taxes on (21), if any, during period (22)Interest payments to related nonresident entity, during period (23)Withholding taxes on (23), if any, during period (24)Gross dividends, or gross distribution of earnings, payable to related nonresident entity, during period (25)Withholding taxes on (25), if any, during period (26)Gross dividends, or gross distribution of earnings, receivable from related nonresident entity, during period (27)Withholding taxes on (27), if any, during period (28)
Direct investor(s)
Fellow enterprise(s)

Section C.3 Net income, realized and unrealized holding gains (losses) of your enterprise and other changes in equity investment position

Please report in thousands of [local currency], using the valuation guidelines described in Section B.

For 12-month period ending …………… (See Section B)

Net income during period (29)Certain realized and unrealized holding gains (losses) included in net income during period (30)Other changes in equity
Direct investor(s)
Fellow enterprise(s)

If you are a fellow enterprise, please indicate the residence of the ultimate controlling parent of your enterprise, that is, the enterprise at the top of the control chain:

Residence of ultimate controlling parent of your enterprise(please tick one case and see the following note)
Nonresident of your own economy
Resident of your own economy
Do not know
Note: If you are a resident fellow enterprise, and your ultimate controlling parent is a nonresident of your own economy, asset and liability positions with fellow enterprises abroad are regarded as inward direct investment. If your ultimate controlling parent is a resident of your own economy, asset and liability positions with fellow enterprises abroad are regarded as outward direct investment. If it is unknown whether your ultimate controlling parent is a resident or a nonresident of your own economy, then asset positions with fellow enterprises abroad are regarded as outward direct investment, and liability positions with fellow enterprises abroad are regarded as inward direct investment. For convenience, all positions with fellow enterprises abroad may be reported either in report form 3 (inward direct investment), or in report form 4 (outward direct investment), but please do not report such positions in both report forms 3 and 4.

Thank you for your cooperation.

Model Form 4. Form for Outward Direct Investment Positions, Transactions, and Other Changes

The following is a model letter for forwarding the form to potential respondents:

Dear Sir/Madam,

The [name of agency] is conducting this survey to obtain data on income, financial transactions and assets and liabilities positions between your enterprise and foreign direct investment enterprise(s) abroad (i.e., nonresident enterprises in which your enterprise owns 10 percent or more of the voting equity), and with nonresident fellow enterprises (i.e., enterprises that have a common parent with your enterprise, but you do not own 10 percent or more of the voting equity in your fellow enterprises abroad, nor do they own 10 percent or more of the voting equity in your enterprise). The survey is conducted as part of a global undertaking, being coordinated by the International Monetary Fund. Your cooperation in completing this survey is greatly appreciated.

Completing and returning the survey

Please take time to review the survey questionnaire before completing it. Do not hesitate to contact us at [phone number and/or e-mail address of the contact person] if you have any difficulty understanding or completing the survey.

Why do we need to collect this information?

Information from this survey is needed to provide reliable and up-to-date information on direct investment in [name of country]. Such information is needed for economic analysis, for constructing the balance of payments and international investment position accounts (that is, transactions and positions of [name of country] with the rest of the world), for measuring how investments have grown over time, and in understanding the impact of these investments.

Mandate and confidentiality

This survey is being conducted under the authority of [cite the legislative or other authority for collecting this information]. Any information that you supply will be used solely for statistical purposes–it will only be published in aggregate form that prevents the disclosure of data by individual respondents. Data relating to individual enterprises will not be made available to anybody other than staff implementing the exercise. They are bound to secrecy; breaches of your confidentiality will be dealt with severely and may result in the perpetrator being fired, fined, and/or imprisoned.

Dissemination of findings

Tabulated data and analytical outputs will be posted on the [name of agency] website and released through the [name of agency’s] publications (such as its Monthly Bulletin and Annual Report).

Signed [Head of agency]

How to complete and return this survey

Coverage: This survey collects information on income, financial transactions and positions, and asset and liability positions between your enterprise and foreign companies in which your enterprise holds directly or indirectly 10 percent or more of the voting power, and between your enterprise and your fellow enterprises abroad (that is, enterprises that have a common parent with your enterprise, but you do not own 10 percent or more of the voting equity in your fellow enterprises abroad, nor do they own 10 percent or more of the voting equity in your enterprise), for the period ending December YYYY (for transactions) or as of end-December YYYY (for positions). (The term “enterprise” is used to sometimes refer to the statistical reporting unit. This may be a local enterprise group instead of a single enterprise.)

Due Date: The due date for submission of your completed survey is MM, DD, YYYY.

Completing and returning the survey:

Please submit the survey in paper or electronic form. Surveys that are mailed should be delivered to (indicate postal address). Surveys that are e-mailed should be directed to the following e-mail box: (indicate e-mail address). If you have any questions regarding completing and/or returning the survey, please contact us at: [phone number and/or e-mail address of the contact person].

In addition to completing the survey, would you please provide a copy of your enterprise’s YYYY financial statements. These documents may allow us to review your survey results without troubling you should we have any follow up questions.

Content:

The survey is made up of three sections.

Section A asks for general information about your enterprise (please answer the applicable questions).

Section B provides the reporting instructions, including definitions of terms such as fellow enterprise, that should be used for completing Section C.

Section C asks for data on the values of YYYY financial transactions, other changes, and of end-year YYYY-1 and YYYY positions (Section C.1), and the associated income items (Section C.2), between your enterprise and your direct investment enterprise(s), and between your enterprise and fellow enterprise(s) abroad.

Section C.3 asks for data on net income, realized and unrealized holding gains (losses) of your enterprise and other changes in equity position.

Section A. General Information on Your Enterprise

1.1. Name of your enterprise
1.2. Name / position of person completing form1.3. Name / position of alternative contact person
1.4. Postal address
1.5. Telephone number1.6. Fax number1.7. E-mail address
1.8. If the questionnaire is being completed for the enterprise by an agent (such as its accounting firm), please provide the name, postal and e-mail addresses, and phone number.1.9. The information provided on this form is correct.

Signed (senior enterprise officer or agent)

Date

1.10. If your enterprise is part of a local enterprise group (see definition in Section B), please list the other enterprises in the group that operate in [name of country] and indicate if the data in Section C include these enterprises (please tick the following columns accordingly).

Name of other resident enterprises in your local enterprise group(Please indicate if data for these enterprises are included in section C)Not includedIncluded

1.11. Indicate the principal activity of the reporting enterprise or local enterprise group, based on turnover (tick one):

A. Agriculture, forestry, and fishingL. Real estate activities
B. Mining and quarryingM. Professional, scientific, and technical activities
C. ManufacturingN. Administrative and support services activities
D. Electricity, gas, steam, and air- conditioning supplyO. Public administration and defense; compulsory social security
E. Water supply, sewerage, waste management and remediation activitiesP. Education
F. ConstructionQ. Human health and social work activities
G. Wholesale and retail; repair of motor vehicles and motorcyclesR. Arts, entertainment, and recreation
H. Transport and storageS. Other services activities
I. Accommodation and food service activitiesT. Activities of households as employers; undifferentiated goods- and services-producing activities of households for own use
J. Information and communication K. Finance and insurance activitiesU. Activities of extraterritorial organizations and bodies
K. Finance and insurance activities

Section B. Reporting Instructions, Definitions, and Guidelines

The reporting period:

This survey asks for balances with nonresidents as of December 31, YYYY-1 and YYYY and for financial transactions and income items during YYYY. End-year data as of a date between November 15, YYYY and February 15, YYYY+1 are acceptable, and for financial transactions and income items for the 12 months, ending between November 15, YYYY-1 and February 15, YYYY. Please indicate the dates to which these data relate at the top of the information tables requested in Sections C1 and C3.

Definitions of entities in the questionnaire: direct investor, direct investment enterprise, fellow enterprises, and local enterprise group

Direct investor: A direct investor is an enterprise, resident in an economy that directly or indirectly holds 10 percent or more of the equity in a nonresident direct investment enterprise.

Units are viewed as residents of [name of economy] if they have resided (or intend to reside) for a year or more in [name of economy]. A direct investor’s local enterprise group includes the resident enterprise that directly owns a foreign direct investment enterprise (see the following section for a definition), the resident enterprises that directly or indirectly control this enterprise, and the resident enterprises that any of these enterprises directly or indirectly control in their own economy. All of these enterprises should be included in outward direct investment whether you report data for them on a single report for the local enterprise group or you report data on separate reports.

Direct investment enterprise: A direct investment enterprise is an enterprise, resident in one economy, in which an enterprise, resident in another economy, holds 10 percent or more of the voting equity, either directly or indirectly.

A fellow enterprise is a nonresident that has a common (immediate or indirect) parent with your enterprise but you do not own 10 percent or more of the voting equity in your fellow enterprises abroad, nor do they own 10 percent or more of the voting equity in your enterprise.

Residence

Units are viewed as residents of [name of economy] if they have resided (or intend to reside) in [name of economy] for a year or more.

Units are viewed as nonresidents of [name of economy] if they have resided (or intend to reside) abroad for a year or more. If you are not sure of the residence of an enterprise, please contact us so that we may determine its status.

Section C

Valuation of data to be reported in section C:

Please report data according to the following guidelines: Report all data in [thousands of units of local currency].

Transactions

Transactions should be recorded at the value at the time of the transaction. If the transaction is in a foreign currency, please use the rate of exchange on the day of the transaction, or a weighted average rate for the reporting period if transactions (such as interest receipts and payments) occur continually over the period.

For interest, please report the total value of interest (payable and receivable) that accrued during YYYY, even if some payments were made during the year.

For dividends, please record the total value of dividends received and receivable (and paid and payable) during YYYY.

Positions

Currency:

If the currency(ies) of denomination of any of your enterprise’s foreign assets and liabilities is (are) not in [local currency], please use the end-year foreign currency exchange rates to convert to [local currency].

Listed shares:

Shares and other equity can be readily valued at their current prices (market price) when they are regularly traded on stock exchanges and other financial markets.

Unlisted shares and other equity:

When actual market values are not available, please report owners’ equity (i.e., net worth) as the claims on your foreign direct enterprise’s, or fellow enterprise’s net worth consisting of:

  • (i) Paid-up capital (excluding any shares on issue that the enterprise holds in itself and including share premium accounts) or equivalent for unincorporated enterprises

  • (ii) All types of reserves identified as equity in the enterprise’s balance sheet (including investment grants when accounting guidelines consider them a component of owners’ equity)

  • (iii) Cumulated retained earnings (which may be negative)

  • (iv) Cumulated retained holding gains and losses.

Similarly, please include the preceding four items in calculating the value of reverse equity investment, (i.e., of your direct investment enterprise’s, or of your fellow enterprise’s abroad), claim on your own net worth.

In determining your direct investment enterprise’s net worth (and therefore in determining the value of your claims on its net worth), most financial assets should be reflected at an estimate of their current fair values; cumulative reinvested earnings and cumulated retained holdings gains and losses should be included; and depreciation on items of property, plant, and equipment should be included. If your normal bookkeeping or accounting rules do not value these items as described herein, please adjust their values before calculating the amounts to enter in Section C.

Debt instruments:

Loans, trade credit, and other accounts payable:

  • Please report on a nominal value basis (after allowing for any changes that may result from changes in exchange rates).

  • Nominal value represents the value of funds advanced less any repayments plus any outstanding accrued interest.

Debt securities:

Please report the market value of the securities, as of the balance sheet date.

“Other changes” during period

Please specify the amount of changes in equity (items 4 and 9) intercompany debt assets and liabilities (item 15 and 19) in Section C.1 that did not arise from transactions. A transaction is an interaction between two units that occurs by mutual agreement. The following are common examples of changes in balances arising from valuation adjustments: changes in foreign currency exchange rates; and write-ups, write-downs, or write-offs of assets.

Realized and unrealized holding gains (losses): Item 30

Please specify realized and unrealized holding gains (losses) included in net income resulting from the sale or disposition of financial and nonfinancial assets (such as securities, land, other property, plant, equipment); goodwill impairment; write-downs or write-offs or assets or liabilities; extraordinary, unusual, or infrequently occurring items that are material, such as losses from disasters or accidental damage; and gains and losses resulting from re-measuring foreign currency-denominated assets and liabilities due to changes in foreign exchange rates during the period.

Other changes in equity investment position: Item 31

Please specify the amount of the change in the equity investment position in your direct investment enterprise or fellow enterprise abroad (item 4) or investment in your enterprise by your direct investment enterprise or fellow enterprise abroad (item 9) that did not arise from transactions and is not reported on item 30 (certain realized and unrealized gains [losses] of resident enterprise excluded from net income and taken directly to the owners’ equity account). A common example of a change in equity investment arising from a valuation adjustment that is not reported in item 30 is from the acquisition, or sale, of a direct investment enterprise for an amount that exceeds (or is less than) the value of the direct investment enterprise according to the books of the direct investment enterprise. Report the difference between the transaction value and the carrying amount in the equity investment position in this item.

Section C.1 Equity and Debt Outstanding Balances, Financial Transactions, and Other Changes in Assets and Liabilities between Your Enterprise and Your Direct Investment Enterprise(s) and Fellow Enterprise(s) Abroad

Please report in thousands of [local currency], using the valuation guidelines described in Section B, the opening balances, any transactions during the period, any other changes on the balance sheet that are not the result of transactions, and the closing balances, between your enterprise and your direct investment enterprise(s) and fellow enterprises abroad. If none, please report “N/A” as appropriate.

Equity and Debt Outstanding Balances, Financial Transactions, and Other Changes in Assets and Liabilities between Your Enterprise and Your Direct Investment Enterprise(s) and Fellow Enterprise(s) Abroad

Equity

For 12-month period ending …………… (See Section B)

Counterpart economy (list separately)Equity claims of your enterprise on related enterprises abroadEquity liabilities by your enterprise to related enterprises abroad
Opening balance (1)Financial transactions during periodOther changes during period (4)Closing balance (5)Opening balance (6)Financial transactions during periodOther changes during period (9)Closing balance (10)
Increases (2)DecreasesIncreases (7)Decreases (8)
Direct investment enterprise(s)
Fellow enterprise(s)

Percent of equity your enterprise holds in your direct investment enterprise(s) and your fellow enterprise(s) abroad

Economy of direct investment enterprisePercentage held at the beginning of period (See Section B) (11)Percentage held at the end of the period (See Section B) (12)
Economy of fellow enterprise

Debt

For 12-month period ending …………… (See Section B)

Counterpart economy (list separately)Short and long-term debt claims of your enterprise on related enterprises abroadShort and long-term debt liabilities by your enterprise to related enterprises abroad
Opening balance (13)Financial transactions (net) during period (14)Other changes (15)Closing balance (16)Opening balance (17)Financial transactions (net) (18)Other changes during period (19)Closing balance (20)
Direct investment enterprise(s)
Fellow enterprise(s)

Section C.2 Income Payable and Receivable between Your Enterprise and Your Direct Investment Enterprise(s) and Fellow Enterprise(s) Abroad and Withholding Taxes Payable

Please report in thousands of [local currency], using the valuation guidelines described in Section B, income payable and receivable between your enterprise and your direct investment enterprise(s) and fellow enterprise(s) abroad and withholding taxes payable. If none, please report “N/A” as appropriate.

Income payable and receivable between your enterprise and related enterprises abroad and withholding taxes

For 12-month period endings …………… (See Section B)

Counterpart economy (list separately)Interest receipts from related nonresident entity during periodWithholding taxes on (21), if any, during periodInterest payments to related nonresident entity, during periodWithholding taxes on (23), if any, during period1Gross dividends, or gross distribution of earnings, receivable from related nonresident entity, during periodWithholding taxes on (25), if any, during periodGross dividends, or gross distribution of earnings, payable to related nonresident entity, during periodWithholding taxes on (27), if any, during period
Direct investment enterprise(s)
Fellow enterprise(s)

Section C.3 Net income, realized and unrealized holding gains (losses) of your direct investment enterprise or fellow enterprise abroad and other changes in equity investment position

Please report in thousands of [local currency], using the valuation guidelines described in Section B, net income for the period ending……, and realized and unrealized holding gains (losses) that were included in income and any other changes in equity investment during the period ending…..

For 12-month period ending …………… (See Section B)

Net income during period (29)Certain realized and unrealized holding gains (losses) included in net income during period (30)Other changes in equity investment position during the period (31)
Direct investment
Fellow enterprise(s)

If you are a fellow enterprise, please indicate the residence of the ultimate controlling parent of your enterprise, that is, the enterprise at the top of the control chain:

Residence of ultimate controlling parent of your enterprise(please tick one case and see the following note)
Nonresident of your own economy
Resident of your own economy
Do not know
Note: If you are a resident fellow enterprise, and your ultimate controlling parent is a nonresident of your own economy, asset and liability positions with fellow enterprises abroad are regarded as inward direct investment. If your ultimate controlling parent is a resident of your own economy, asset and liability positions with fellow enterprises abroad are regarded as outward direct investment. If it is unknown whether your ultimate controlling parent is a resident or a nonresident of your own economy, then asset positions with fellow enterprises abroad are regarded as outward direct investment, and liability positions with fellow enterprises abroad are regarded as inward direct investment. For convenience, all positions with fellow enterprises abroad may be reported either on report form 3 (inward direct investment), or on report form 4 (outward direct investment), but please do not report such positions on both report forms 3 and 4.

Thank you for your cooperation.

Model Form 5. Form for International Investment Positions

The following is a model letter for forwarding the form to potential respondents:

Dear Sir/Madam,

The [name of agency] is conducting this survey to obtain position data on financial assets and liabilities between your enterprise and nonresident entities. Your cooperation in completing this form is greatly appreciated.

Completing and returning the form

Please take time to review the survey questionnaire before completing it. Do not hesitate to contact us at [phone number and/or e-mail address of the contact person] if you have any difficulty understanding or completing the questionnaire.

Why do we need to collect this information?

Information from this questionnaire is needed to provide reliable and up-to-date information on [name of country’s] external assets and liabilities. Such information is needed for economic analysis, for measuring how investments have grown over time, and in understanding the impact of these investments.

Mandate and confidentiality

This questionnaire is being conducted under the authority of [cite the legislative or other authority for collecting this information]. Any information that you supply will be used for statistical purposes–it will only be published in aggregate form that prevents the disclosure of data by individual respondents. Data relating to individual enterprises will not be made available to anybody other than staff implementing the exercise. They are bound to secrecy: breaches of your confidentiality will be dealt with severely and may result in the perpetrator being fired, fined, and/ or imprisoned.

Dissemination of findings

We want to ensure you receive tabulated data and analytical outputs as soon as possible and expect that this will enrich your own decision-making. The findings will be posted on the [name of agency’s] website and released through such publications as (name of agency’s Monthly Bulletin and/or Annual Report).

Signed [Head of agency]

How to complete and return this questionnaire

Coverage: This questionnaire collects information on positions in financial assets and liabilities between your enterprise and nonresidents, as of 31 December YYYY. The term “enterprise” is used to sometimes refer to the statistical reporting unit. This may be a local enterprise group instead of a single enterprise.

Due Date: The due date for submission of your completed questionnaire is MM, DD, YYYY.

Completing and returning the questionnaire:

Please submit the questionnaire in paper or electronic form. Questionnaires that are mailed should be delivered to (indicate postal address). Questionnaires that are e-mailed should be directed to the following e-mail box: (indicate e-mail address). If you have any questions regarding completing and/or returning the questionnaire, please contact us at: [phone number and/or e-mail address of the contact person].

In addition to completing the questionnaire, would you please provide a copy of your enterprise’s YYYY financial statements. These may allow us to review your questionnaire results without troubling you further should we have any follow up questions.

Content:

The questionnaire is made up of three sections.

Section A asks for general information about your enterprise (please answer the applicable questions). Section B provides the reporting instructions and definitions that should be used for completing Section C.

Section C asks for data on the value of balances outstanding for both equity and debt, between your enterprise and nonresidents. Section C1 covers liabilities (including equity) and Section C2 covers assets. If audited data are not available, unaudited (careful) estimates are acceptable.

Section A. General Information on Your Enterprise

1.1. Name of your enterprise
1.2. Name / position of person completing form1.3. Name / position of alternative contact person
1.4. Postal address
1.5. Telephone number1.6. Fax number1.7. E-mail address
1.8. If the questionnaire is being completed for the enterprise by an agent (such as its accounting firm), please provide the name, postal and e-mail addresses, and phone number.1.9. The information provided on this form is correct.

Signed (senior enterprise officer or agent)

Date

Complete Item 1.10 only if your enterprise is a direct investor or a direct investment enterprise. (See Section B for definitions.)

1.10. If your enterprise is part of a local enterprise group (see definition in Section B), please list the other enterprises in the group that operate in [name of country] and indicate if the data in Section C includes these enterprises (please tick the following columns accordingly).

Name of other resident enterprises in your local enterprise group(Please indicate if data for these enterprises is included in section C)Not includedIncluded

1.11. Indicate the principal area of activity of the reporting enterprise or local enterprise group, based on turnover (tick one):

A. Agriculture, forestry, and fishingL. Real estate activities
B. Mining and quarryingM. Professional, scientific, and technical activities
C. ManufacturingN. Administrative and support services activities
D. Electricity, gas, steam, and air- conditioning supplyO. Public administration and defense; compulsory social security
E. Water supply, sewerage, waste management and remediation activitiesP. Education
F. ConstructionQ. Human health and social work activities
G. Wholesale and retail; repair of motor vehicles and motorcyclesR. Arts, entertainment, and recreation
H. Transport and storageS. Other services activities
I. Accommodation and food service activitiesT. Activities of households as employers; undifferentiated goods- and services-producing activities of households for own use
J. Information and communicationU. Activities of extraterritorial organizations and bodies
K. Finance and insurance activities

Section B. Reporting Instructions, Definitions, and Guidelines

The reporting period:

This questionnaire asks for balances with nonresidents as of December 31, YYYY. Data as of a date between November 15, YYYY and February 15, YYYY+1 are acceptable. Please indicate the date to which these data relate at the top of the information tables requested in Section C.

Definitions of entities in the questionnaire: direct investment enterprise and direct investor, fellow enterprises, and local enterprise group

Direct investment enterprise: A direct investment enterprise is an enterprise, resident in one economy, in which an enterprise, resident in another economy, holds 10 percent or more of the voting equity, either directly or indirectly.

Units are viewed as residents of [name of economy] if they have resided (or intend to reside) for a year or more in [name of economy]. A direct investment enterprise’s local enterprise group includes the resident enterprise that is at least 10 percent directly owned by a foreign direct investor (see the following section for a definition), and the resident enterprises that it directly or indirectly controls in its own economy. Similarly, a direct investor’s local enterprise group includes the resident enterprise that directly owns a foreign direct investment enterprise (see the following section for a definition), the resident enterprises that directly or indirectly control this enterprise, and the resident enterprises that any of these enterprises directly or indirectly control in their own economy.

All of these enterprises should be included in direct investment whether you report data for them on a single report for the local enterprise group or you report data on separate reports.

A direct investor is an enterprise, resident in an economy that directly or indirectly holds 10 percent or more of the equity in a nonresident direct investment enterprise.

A fellow enterprise is a nonresident that has a common (immediate or indirect) parent with your enterprise but you do not own 10 percent or more of the voting equity in your fellow enterprises abroad, nor do they own 10 percent or more of the voting equity in your enterprise.

An unrelated entity is one that does not meet the preceding criteria.

Residence

Units are viewed as residents of [name of economy] if they have resided (or intend to reside) in [name of economy] for a year or more.

Units are viewed as nonresidents of [name of economy] if they have resided (or intend to reside) abroad for a year or more. If you are not sure of the residence of an enterprise, please contact us so that we may determine its status.

Definitions of equity, securities, financial derivatives, currency and deposits, loans, trade credit and advances, and debt claims/liabilities

Equity comprises all instruments and records that acknowledge claims on the residual value of a corporation or quasicorporation, after the claims of all creditors have been met. Ownership of equity in legal entities is usually evidenced by shares, stocks, participations, depository receipts, or similar documents.

Other equity is equity that is not in the form of securities. Equity is treated as a liability of the issuing institutional unit (a corporation or other unit).

Debt instruments are those instruments that require the payment of principal and/or interest at some point(s) in the future. Debt instruments comprise:

  • Currency: currency consists of notes and coins that are of fixed nominal values and are issued or authorized by central banks or governments.

  • Deposits: deposits include all claims that are (1) on the central bank, deposit-taking corporations other than the central bank, and, in some cases, other institutional units; and (2) represented by evidence of deposit. A deposit is usually a standard contract.

  • Debt securities: debt securities are negotiable instruments serving as evidence of a debt.

  • Loans: loans are financial assets that (1) are created when a creditor lends funds directly to a debtor, and (2) are evidenced by documents that are not negotiable.

Insurance, pension, and standardized guarantee schemes: insurance, pension, and standardized guarantee schemes comprise:

  • (a) Nonlife insurance technical reserves

  • (b) Life insurance and annuity entitlements

  • (c) Pension entitlements, claims of pension funds on sponsors, and entitlements to nonpension funds

  • (d) Provisions for calls under standardized guarantees.

Trade credit and advances: trade credit and advances comprise (1) credit extended directly by the suppliers of goods and services to their customers and (2) advances for work that is in progress (or is yet to be undertaken) and prepayment by customers for goods and services not yet provided.

Other accounts receivable/payable: other accounts receivable/payable include accounts receivable or payable other than those included in trade credit and advances or other instruments.

A financial derivative contract: a financial derivative contract is a financial instrument that is linked to another specific financial instrument or indicator or commodity and through which specific financial risks (such as interest rate risk, foreign exchange risk, equity and commodity price risks, credit risk, etc.) can be traded in their own right in financial markets.

Employee stock options: employee stock options are options to buy the equity of a company, offered to employees of the company as a form of remuneration.

Valuation of data to be reported in section C:

Please report data according to the following guidelines:

Currency:

Report all data in [thousands of units of local currency]. If the currency(ies) of denomination of any of your enterprise’s foreign assets and liabilities is (are) not in [local currency], please use the end-year foreign currency exchange rates to convert to [local currency].

Owners’ equity:

For related and unrelated listed entities: market value, if available; otherwise, a proxy for market value (such as net asset value)

For related and unrelated unlisted enterprises, please report the value of outstanding owners’ equity (i.e., net worth) as at end-year on the following basis:

  • - For related entities: the sum of your foreign direct investor’s or fellow enterprise’s (see previous section for definitions) claims on your net worth, consisting of:

    • (i) Paid-up capital (excluding any shares on issue that the enterprise holds in itself and including share premium accounts) or equivalent for unincorporated enterprises

    • (ii) All types of reserves identified as equity in the enterprise’s balance sheet (including investment grants when accounting guidelines consider them a component of owners’ equity)

    • (iii) Cumulated retained earnings (which may be negative)

    • (iv) Cumulated retained holding gains and losses.

Similarly, please include the preceding four items in calculating the value of reverse investment – that is your enterprise’s equity claim on your direct investor, direct investment enterprise, or fellow enterprise abroad (see the previous section for a definition). Do not use the carrying value on your books.

In determining your enterprise’s net worth, most financial assets should be reflected at an estimate of their current fair values; cumulative reinvested earnings and cumulated retained holding gains and losses should be included; and depreciation on items of property, plant and equipment should be included. If your normal bookkeeping or accounting rules do not value these items as described herein, please adjust their values before calculating the amounts to enter in Section C.

Debt instruments:

Loans and trade credit and other accounts payable:

  • Please report on a nominal value basis (after allowing for any changes that may result from changes in exchange rates).

  • Nominal value represents the value of funds advanced less any repayments plus any outstanding accrued interest.

Debt securities:

Please report the market value of the securities, as of the balance sheet date.

Section C. Closing balances of assets and liabilities between your enterprise and nonresidents

C.1 Assets with related entities—direct investor(s), direct investment enterprise(s), and fellow enterprise(s)

Please report in thousands of [local currency], using the valuation guidelines described in Section B, the equity and debt asset closing balances, between your enterprise and related nonresidents, by type (direct investor, direct investment enterprise, fellow enterprise). If none, please report “N/A” as appropriate.

Closing Positions as of …………………(insert date to which the information refers)

Counterpart economy (name)EquityResident direct investor equity claims on direct investment enterprise abroadEquityResident direct investment enterprise equity claims on direct investor abroadEquityResident fellow enterprise equity claims on nonresident fellow enterpriseDebtResident direct investor debt claims on direct investment enterprise abroadDebtResident direct investment enterprise debt claims on direct investor abroadDebtResident fellow enterprise debt claims on nonresident fellow enterprise

C.2 Assets with unrelated nonresident entities

Please report in thousands of [local currency], using the valuation guidelines described in Section B, the equity and debt asset closing balances, by instrument, between your enterprise and unrelated nonresident entities. If none, please report “N/A” as appropriate.

Closing Positions as of …………………(insert date to which the information refers)

Counterpart economy (name)Equity securitiesOther equityDebt securitiesCurrency and depositsLoansTrade credit and advancesOther accounts receivableInsurance, pension, and standardized guarantee schemesFinancial derivatives and employee stock options

C.3 Liabilities (including owners’ equity) to related entities—direct investor(s), direct investment enterprise(s), and fellow enterprise(s)

Please report in thousands of [local currency], using the valuation guidelines described in Section B, the equity and debt liability closing balances, between your enterprise and nonresidents, by type (direct investor, direct investment enterprise, fellow enterprise). If none, please report “N/A” as appropriate.

Closing Positions as of …………………(insert date to which the information refers)

Counterpart economy (name)EquityResident direct investment enterprise equity liability to direct investor abroadEquityResident direct investor equity liability to direct investment enterprise abroadEquityResident fellow enterprise equity liability to nonresident fellow enterpriseDebtResident direct investment enterprise debt liability to direct investor abroadDebtResident direct investor debt liability to direct investment enterprise abroadDebtResident fellow enterprise debt liability to nonresident fellow enterprise

C.4 Liabilities to unrelated nonresident entities

Please report in thousands of [local currency], using the valuation guidelines described in Section B, the equity and debt liability closing balances, between your enterprise and unrelated nonresident entities. If none, please report “N/A” as appropriate.

Closing Positions as of …………………(insert date to which the information refers)

Counterpart economy (name)Equity securitiesOther equityDebt securitiesCurrency and depositsLoansTrade credit and advancesOther accounts receivableInsurance, pension, and standardized guarantee schemesFinancial derivatives and employee stock options

C.5 Fellow enterprises

If you are a fellow enterprise, please indicate the residence of the ultimate controlling parent of your enterprise, that is, the enterprise at the top of the control chain:

Residence of ultimate controlling parent of your enterprise(please tick one case and see the following note)
Nonresident of your own economy
Resident of your own economy
Do not know
Note: If you are a resident fellow enterprise, and your ultimate controlling parent is a nonresident of your own economy, asset and liability positions with fellow enterprises abroad are regarded as inward direct investment. If your ultimate controlling parent is a resident of your own economy, asset and liability positions with fellow enterprises abroad are regarded as outward direct investment. If it is unknown whether your ultimate controlling parent is a resident or a nonresident of your own economy, then asset positions with fellow enterprises abroad are regarded as outward direct investment, and liability positions with fellow enterprises abroad are regarded as inward direct investment. For convenience, all positions with fellow enterprises abroad may be reported either on report form 1 (inward direct investment), or on report form 2 (outward direct investment), but please do not report such positions on both report forms 1 and 2.

Thank you for your cooperation.

    Other Resources Citing This Publication