IHS—Miess, Schmelzer/SFC Model Austria—5 balance sheet. The differences in the amount of assets and liabilities held between balance sheets of different years give us information on the necessary adding up requirements that we have to meet with the annual flow data from sectoral accounts to replicate these year-to-year differences of the balance sheets. The following major asset classes are considered in NASA data: 1. F1: Monetary gold and special drawing rights (SDRs) 2. F2: Currency and deposits 3. F3: Debt Securities 4. F4: Loans 5. F5: Equity and investment fund share units 6. F6: Insurance, pension and standardised guarantee schemes 7. F7: Financial derivatives and employee stock options 8. F8: Other accounts receivable/payable Balance sheet data can either be given in consolidated or non-consolidated form, i.e. showing net or gross positions by sector. Generally, in NASA data asset positions are obtained gross, and we stick to this form since it reveals the interrelations of debt in this economy that are of major interest for a SFC model. The interested reader is referred to Eurostat (2013)[Chapter 5] for further detail. We will set the assets in our model aggregation, and refer to the definitions of these asset classes shortly in section 2.2.2. B. Non-financial transactions (NFTR), 1995 - 2014: comprise transactions in products and non-produced assets, as well as distributive transactions. As defined in Eurostat (2013)[Chapter 3], transactions in products and non-produced assets are all products and services created in Austria by the inputs of labour, capital, as well as goods and services to produce outputs of goods and services. Supplies of products are valued at basic prices, i.e. net of taxes and subsidies as well as transport charges and holding gains. Uses are recorded at purchaser’s prices, including the latter surcharges. They are either resources or uses of funds. The main categories of transactions are distinguished at follows (resources and uses): 1. P.1: Output (resource) 2. P.2: Intermediate consumption (use) 3. P.3: Final consumption expenditure (use) 4. P.4: Actual final consumption (use) 5. P.5: Gross capital formation (use in capital account) 6. P.6: Exports of goods and services (use) 7. P.7: Imports of goods and services (resource) Distributive transactions are transactions whereby the value added generated by pro- duction is distributed to labour, capital and government, as well as transactions redistributing income and wealth, Eurostat (2013)[chapter 4]. They are at the same time sources of funds for some agents, and a corresponding use for other agents as recorded in the transaction flow matrix, see section 2.2.1. Distributive transactions include: 1. D1: Compensation of employees