fixed asset

(redirected from Non-current assets)
Also found in: Dictionary, Legal.
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 ?
In contrast, the left side of the information box above compehends operating assets and liabilities on the one hand, and non-current assets on the other (mainly fixed and intangible, but also financial assets issued by other companies, governments, or banks).
Non-current deferred taxes arise from the differences between the book or base values of non-current assets and their tax basis, and from the differences between the market values of non-current assets and their book or base values.
This global programme includes consolidation of central processes and functions, optimisation of sales and administration costs, adjustments of the European production structure, product rationalization measures and impairment tests of related non-current assets.
Non-current assets at 31 December 2011 570,000 Depreciation in 2012 (25%) 142,500 31 December 2012 427,500 Depreciation in 2013 (25%) 106,875 31 December 2013 320,625
One, Disposal of Non-current Assets and Presentation of Discontinued Operations, proposes that assets a company expects to sell and that meet specific criteria should be measured at the lower of carrying amount and fair value less selling costs, should not be depreciated and should be presented separately in the balance sheet.
98bn in bank balances and cash) and non-current assets of QR10.
Increase in current assets as well as non-current assets, resulted in an increased growth of total net assets at 11.
Examples of those that would not be allowable include those relating to capital items, such as accounting depreciation (replaced by capital allowances instead), and profit or loss on the disposal of non-current assets, though expenditure on repairs would be allowable.
301 billion will be allocated for capital construction and acquisition of non-current assets accordingly.
STATEMENTS OF FINANCIAL POSITION AS AT 31 MARCH 2012 (EXTRACT) Loch River Stream Notes $000 $000 $000 Non-current assets Property, plant and equipment (iv) 1,193 767 670 Equity and liabilities Equity shares of $1 each 3.
Examples of those that would not be included are those relating to capital items, such as accounting depreciation (replaced by capital allowances instead) and profit or loss on the disposal of non-current assets, though expenditure on repairs would be allowable.