Closing stock net price I;Canada; Recoverable subbituminous coal and lignite reserves (v95645818); from Cube 38100006: Value of selected natural resource reserves

The monetary asset accounts for natural resources describe the value of natural resource assets. The selected natural resources include: coal, crude oil, crude bitumen, natural gas, gold, iron, copper, nickel, molybdenum, uranium, potash, diamonds, and timber. Data necessary to value other resources such as fresh water and fish have not been developed. The tables provide values for opening and closing stocks, changes in stock, and the net present value of the assets. Timber assets only have net present value data given the lack of an underlying physical asset account. The unit of measure is dollars

Series Attributes:

Unit and Multiplier:

Dollars, Millions

Frequency:

Annual

Valuation Type:

Current Canadian dollars
The value in Canadian dollars at the time at which the economic activity took place. 'Current' refers to the reference period; it does not represent the present period nor the time of compilation.

Geography:

Principal Data Sources:

Bank of Canada, Statistics Canada

Canadian International Merchandise Trade Database, Statistics Canada

Coal Mines Annual, Statistics Canada

Coal monthly, Statistics Canada

Consumer Price Index (CPI), Statistics Canada

Fixed Capital Flows and Stocks, Statistics Canada

Methods:

Multiplication:

A time series is said to be estimated by multiplication when it is derived as the product of two or more other source data time series. For example, the time series for household interest revenue from Canada Savings Bonds might be derived as the product of the corresponding interest rate and bonds outstanding source data time series. Inflation is a variety of the multiplication method.

Economic rent:

Economic rent is the surplus value accruing to the extractor or user of an asset calculated after all costs and normal returns have been taken into account (see paragraph 5.113 United Nations System of Environmental-Economic Accounting Central Framework, 2012). Returns are based on the five-year bond rate adjusted for inflation.

Reserve life:

The reserve life formula is described as dividing the physical value of closing stocks of a natural resource asset by its depletion for any given time period. The reserve life of a natural resource asset estimates the amount of time left before the asset is depleted.

Return to capital:

The return to capital is calculated by taking the net capital stock and multiplying it with the real bond rate (nominal bond rate less Consumer Price Index). It represents the opportunity cost of extraction of a natural resource asset.