This publication is consistent with the Institutional Sector Accounts publication and the Assets and Liabilities of the Financial Sector publication published by the CSO in November 2017 and January 2018 respectively. It also draws from the National Income and Expenditure publication published in July 2017.
The financial balance sheet (non-consolidated) account shows the stock at the end of each year of the financial assets and liabilities of the sector. A change in balance sheet position from year to year can be explained in part by the net transactions during that year. In addition, valuation changes, exchange rate changes and reclassifications can impact on the balance sheet position. The consolidated account data is available on the StatBank. Note, however, that estimates are not available of the stock of non-financial assets (property, equipment, valuables and intangible non-financial assets) and it is not therefore possible to estimate the net worth of each sector or of the total economy.
For more detailed information on the balance sheet see Assets and Liabilities of the Financial Sector Methodology (PDF 142KB)
S.12 Financial Corporations are corporate bodies producing financial services on a commercial basis. They can take various legal forms, with a range of ownership arrangements. Further details of the subsectors of S.12 and the financial instrument classes are provided in Assets and Liabilities of the Financial Sector Methodology (PDF 142KB) The following subsectors of S.12 are available to view in StatBank:
S.121 consists of the Central Bank of Ireland.
S.122 + S.123 Other Monetary Financial Institutions consists of credit institutions (banks and building societies), money market funds and credit unions.
S.124 Non-money Market Investment Funds consists of all collective investment schemes except those classified in the money market subsector. Their business is to issue investment fund shares or units which are not close substitutes for deposits, and, on their own account, to make investments primarily in financial assets other than short-term financial assets and in non-financial assets such as real estate.
S.125 + S.126 + S.127 Other Financial Intermediaries (S.125), Financial Auxiliaries (S.126) and Captive Financial Institutions and Money Lenders (S.127). S.125 includes companies engaged in leasing and consumer and other lending, securitisation vehicles, derivative and security dealers, treasury companies and a range of other companies engaged in financial intermediation. S.126 covers companies which provide auxiliary financial services and other financial advisory and consultancy services. They are companies which are principally engaged in activities closely related to financial intermediation but which are not financial intermediaries themselves. S.127 consists of all financial corporations and financial auxiliary services. These included trusts, holding companies, special purpose entities, money lenders and certain types of sovereign wealth funds.
S.128 + S.129 Insurance Corporations (S.128) and Pension Funds (S.129). S.128 consists of life and non-life insurance corporations and of reinsurance corporations. S.129 consists of pension funds.
For a full explanation of the variables in financial accounts see Appendix 4 of Institutional Sector Accounts Non-Financial and Financial.
The classification system is that of the European System of Accounts 2010 (ESA2010). The structure and explanatory notes on the Financial and Insurance Activities sector, NACE K can be found here (PDF 180KB) .
The data for the production value comes from joint CSO and CBI surveys primarily used for the Business in Ireland publication. More information on these can be found here.
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