In a new study, they analyze the investment performance of
nonfinancial assets such as housing, collectibles and precious metals.
They say in a suit filed at the Milimani High Court, Nairobi, that they recently looked into Velox and discovered that it is only licensed to deal in
nonfinancial assets, meaning the firm has been illegally collecting funds from Kenyans with the promise of high returns after investing their money in bitcoins.
Durbin continued with a discussion of a new term in GAAP, the "in-substance
nonfinancial asset." This is an asset in which substantially all the fair value is concentrated in
nonfinancial assets, and therefore, when sold, would be derecognized according to the guidance for
nonfinancial assets rather than financial assets.
Fixed assets are produced
nonfinancial assets that are used repeatedly, or continuously, in processes of production for more than 1 year.
The rise of shareholder value as the key metric for assessing stock price requires managers to consider adding value-oriented information to their corporate reports--such as the ways in which
nonfinancial assets are expected to provide economic value and how today's innovation will translate into tomorrow's cash flow.
PDIC is tasked to dispose of the
nonfinancial assets of shuttered banks.
Countries Explore Sales of
Nonfinancial Assets to Help Reduce Debt
At the same time, the top 10% also owned
nonfinancial assets (including primary residences) with a median value of $756,400 -- nearly six times the value held by the other 90%.
The Deloitte report also warns that economic pressures inevitably raise the risk of impairment of financial and
nonfinancial assets. Investors need to know whether market prices have dropped, whether overstretched equipment could become compromised, whether cash flows have shifted, whether investments (especially sovereign debt) are, and will be, as good as they used to look.
The report also showed that the value of
nonfinancial assets increased from pounds 533billion in 1948 to pounds 2.88 trillion in 2008.
The report -Capital Stocks, Capital Consumption and Non Financial Balance Sheets - also showed the value of
nonfinancial assets increased from pounds 533bn in 1948 to pounds 2.88 trillion in 2008.
