fixed asset

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Related to Non-current assets: Non-current liabilities

Fixed asset

Long-lived property owned by a firm that is used by a firm in the production of its income. Tangible fixed assets include real estate, plant, and equipment. Intangible fixed assets include patents, trademarks, and customer recognition.

Fixed Asset

An asset with a long-term useful life that a company uses to make its products or provide its services. Strictly speaking, a fixed asset is any asset that the company does not expect to sell for at least a year, but the term often refers to assets a company expects to have indefinitely. Common examples of fixed assets are real estate and factories, which a company holds for long periods of time.

fixed asset

An asset not readily convertible to cash that is used in the normal course of business. Examples of fixed assets include machinery, buildings, and fixtures. A firm whose total assets are made up primarily of fixed assets is in a less liquid financial position, thus entailing greater risk of a big tumble in profits if its revenues fall.
References in periodicals archive ?
The directors of KL are now considering replacing its non-current assets with new equipment that will be fully operational from 1 January 2013.
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2012 (EXTRACT) $000 Non-current assets Property, plant and equipment (1,193 + 767 + 144 fair-value adjustment)
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2012 (EXTRACT) $000 Non-current assets Property, plant and equipment 1,193 + 767 + 144 - 12 extra depreciation 2,092 Goodwill 56 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 MARCH 2012 (EXTRACT) $000 Revenue 1,500 + 693.
The tangible non-current assets of a similar company have a value of 3,700m [pounds sterling] and its intangibles have a value of 770m [pounds sterling].
The difference between the book value of Lolly Co's property, plant and equipment and the replacement cost of its tangible non-current assets is 2,900m [pounds sterling]--2,450m [pounds sterling] = 450m [pounds sterling].
Such assets are included in non-current assets unless
disclosed separately from other non-current assets (IFRS 5)
Proceeds from disposal of non-current assets held for sale
This operating cash inflow was partially offset by the increase in accounts receivable, and other non-current assets, and the decrease in refundable fees.
Pro forma net loss per share excludes amortization of other non-current assets and stock-based compensation expense, representing $0.