Fixed Asset

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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 ?
Calculate the difference between the market value of each purchased non-current asset and their book value.
A non-current asset is acquired for 100,000 [pounds sterling] on the first day of its first year and depreciated at 25 per cent (straight line).
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.
53 million) and an impairment loss recognized to non-current assets ([euro]5.
Bottom line was additionally affected by impairment provisions of R265m ($9m) and store closure related write-offs of non-current assets of R184m ($6m).
Balance Sheet at the beginning and end of the planning horizon Concept date t date T Current assets Non-current assets (net of depreciations and amortizations) Total assets Current liabilities Non-current liabilities Equity Liabilities + Equity
From the annual accounts take a look at the eight primary drivers of business performance--price, volume, direct costs, indirect costs, inventory, debtors, Non-current assets and creditors.
INCOME STATEMENT FOR THE YEAR ENDING 31 DECEMBER 2008 2008 2007 Income ($) ($) Membership Subscriptions 19,933,682 18,883,886 NursePower Fund Subscriptions 5,298,917 5,019,767 Other Income 2,644,943 2,657,313 TOTAL INCOME 27,877,542 26,560,966 Less total expenditure (27,897,126) (24,747,015) (DEFICIT)/SURPLUS FOR THE YEAR (19,584) 1,813,951 BALANCE SHEET AS AT 31 DECEMBER 2008 2008 ($) 2007 ($) ACCUMULATED FUNDS 23,913,410 26,564,633 Represented by: Current Assets 3,112,278 4,351,177 Non-Current Assets 27,825,069 27,362,289 TOTAL ASSETS 30,937,347 31,713,466 Current Liabilities 2,721,230 2,318,540 Non-Current Liabilities 4,302,707 2,830,293 TOTAL LIABILITIES 7,023,937 5,148,833 NET ASSETS 23,913,410 26,564,633
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.