Working Asset

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Working Asset

A highly liquid, current asset. Working assets are taken in and distributed over relatively brief periods of time. Examples of working assets include cash, works in process and inventory. A working asset is also called a floating asset or a circulating asset.
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The MOU will further strengthen the position of N-KOM, which is a joint-venture between Qatar Gas Transport Company (Nakilat) and Keppel Offshore & Marine, in the areas of LNG-fuelled vessel conversions and construction of related floating assets.
48% over the same period of 2009; the floating assets turnover rate was 2.
2008 earnings continue to be impacted by compression of the interest rate margin in relation to the large drop in the Fed Funds rate and the corresponding effect on Prime floating assets in the Bank.
In fact, the exposure to inverse floating assets increased to 10% from 2% of the portfolio since the last review.