hidden assets


Also found in: Legal.

Hidden Asset

Value that a person or company possesses that does not appear on its balance sheet. One may have a hidden asset due to an accounting convention. For example, a company may be required to depreciate an asset faster than its actual value declines. This results in a higher net worth for the company than would be reflected in its books. A hidden asset is also called a hidden reserve or a hidden value.

hidden assets

Items of value that are owned by a firm but do not appear on its balance sheet. For example, a trademark or patent may be a firm's most valuable owned asset; yet, it would not appear as such on its balance sheet.
References in periodicals archive ?
In these circumstances offering attractive amnesty schemes to local and foreign Pakistanis could be a good move to declare hidden assets and bring more capital in the country to improve the economy.
And the barrister asked Judge Patrick Curran, QC, to accept there were no additional hidden assets.
Corso & Rhude attorneys work hard every day to uncover such hidden assets in Arizona divorce cases.
Mike Smallman insisted he had no hidden assets, as alleged by prosecutors.
So, it's not enough to know where all the obvious assets are and what their value is, but also knowing if there are hidden assets, as well as their location and value.
A survey of leading family law firms in the North west revealed that 94% of lawyers believed there were hidden assets - including cash, property, savings and shares - in nearly a third of their cases.
In a survey of the country's leading family law firms, 94 per cent of lawyers said they believed there were hidden assets - including cash, property, savings and shares - in three out of ten of their cases, reports the Daily Mail.
We believe there are hidden assets not yet been identified, which will be pursued as part of Proceeds of Crime action.
Global Banking News-April 14, 2011--Julius Baer to settle case about hidden assets by German clients(C)2011 ENPublishing - http://www.
As her battle with the cheating golfer becomes increasingly acrimonious Elin, 30, has turned to Walter Jnr, an expert at tracking down hidden assets.
Zook and Allen, co-leaders of Bain & Company's Global Strategy practice, outline how to clearly define your core, assess how it is operating, and discover hidden assets that already exist within it.
Polly Purvis, from ScotlandIS, said: "The software and ICT sector is one of the Scottish economy's hidden assets and has been less damaged by recent economic difficulties.