Fixed Asset

(redirected from Non-current assets)
Also found in: Dictionary, Financial.
Related to Non-current assets: Non-current liabilities

Fixed Asset

Property, such as machinery or buildings, utilized in a business that will not be used or liquidated during the current fiscal period.

References in periodicals archive ?
Given that Urals Energy is acquiring ANK on a cash free/debt free basis, the directors view non-current assets as being the most appropriate indication of the value of the assets being acquired.
Concept [t;T] [DELTA] Working capital [DELTA] Non-current assets (net of depreciations and amortizations) [DELTA] Non-current liabilities [DELTA] Equity
In Chapter 8, you learned about the valuation of perennial crops, the base value approach for valuing raised breeding livestock, the valuation of other non-current assets, such as purchased breeding livestock, machinery and equipment, land, buildings and improvements, and investments, how to allocate the cost of non-current assets, how to account for discarding non-current assets, and how to provide additional information in disclosure notes to accompany the financial statements.
To improve its guidance on this topic, the IASB issued IFRS 5, Non-current Assets Held for Sale and Discontinued Operations (www.
6 million) from under current assets to non-current assets.
Annual accounts of the last financial year registered in the Mercantile Registry, positive working capital and solvency ratio, that is, the ratio of current assets to non-current assets / current liabilities + non-current liabilities greater than 150%.
Calculation: the NCA turnover (a number) is derived by dividing the revenue shown on the company's income statement by the total figure for non-current assets on its statement of financial position.
IFRS 5 - Non-current Assets Held for Sale and Discontinued Operations
8 bln), which was 5% above the consensus, but 28% below our estimate, as we did not take account of the non-operating loss on non-current assets, which amounted to RUB18 bln ($ 0.
INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 2007 2007 2006 Income ($) ($) Membership Subscriptions 18,883,886 17,718,392 NursePower Fund Subscriptions 5,019,767 4,707,187 Other Income 2,657,313 1,909,651 TOTAL INCOME 26,560,966 24,335,230 Less total expenditure (24,747,015) (18,092,674) SURPLUS FOR THE YEAR 1,813,951 6,242,556 BALANCE SHEET AS AT 31 DECEMBER 2007 2007 ($) 2006 ($) ACCUMULATED FUNDS 26,564,633 25,512,639 Represented by: Current Assets 4,351,177 5,436,964 Non-Current Assets 27,362,289 24,916,545 TOTAL ASSETS 31,713,466 30,353,509 Current Liabilities 2,318,540 4,488,734 Non-Current Liabilities 2,830,293 352,136 TOTAL LIABILITIES 5,148,833 4,840,870 NET ASSETS 26,564,633 25,512,639
The International Accounting Standards Board (IASB) in March issued international financial reporting standards (IFRS) 3, Business Combinations; 4, Insurance Contracts; and 5, Non-current Assets Held for Sale and Discontinued Operations (http://shop.