Definition: Revaluation account

Category: ESA 1995

The revaluation account records changes in the value of assets and liabilities due to changes in their prices. 

For a given asset or liability, this change is measured as: 

a) either the difference between its value at the end of the accounting period and its value at the start of the accounting period or the date on which it was first entered in the balance sheet; 
b) or the difference between its value at the date on which it was written out of the balance sheet and its value at the start of the accounting period or the date on which it was first entered in the balance sheet. 

This difference is called "nominal holding gain (or loss)".

The revaluation account is broken down into two sub-accounts: the neutral holding gains and losses account and the real holding gains and losses account. http://ec.europa.eu/eurostat/product?code=CA-15-96-001&mode=view