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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
The audited total assets of ANK as at 31 December 2015 were approximately RUB 360m, with non-current assets being approximately RUB 138m.
In addition to these provisions, an impairment loss of e1/484 mln was recognised against the carrying value of non-current assets within IFRS 5 measurement scope during the fourth quarter of 2014."
The assets comprised mainly loans, advances and other accounts, followed by non-current assets held for sale, investment securities held to maturity, investment in debentures, cash and short-term funds, investment properties and equipment.
Part of the new definition of discontinued operation is based on elements of the definition of discontinued operations in IFRS 5, Non-Current Assets Held for Sale and Discontinued Operations.
The restructurings led to non-recurring costs totaling E5.9 million ($7.79 million), comprising of costs of the termination period ([euro]0.4 million, $.53 million) and an impairment loss recognized to non-current assets ([euro]5.5 million, $7.26 million).
Furthermore, total assets at the end of June were valued at $5.4bn, this comprised of current assets valued at $2.3bn and non-current assets of $3.1bn.
Bottom line was additionally affected by impairment provisions of R265m ($9m) and store closure related write-offs of non-current assets of R184m ($6m).
Total assets for the company have been valued at $6.06 billion (current assets: $1.08 billion, non-current assets: $4.98 billion).
If the farm business has investments in cooperatives, life insurance, or other types of investments, they are also listed on the Balance Sheet as "Investments" and are typically categorized as non-current assets. The first items listed on the Balance Sheet are the Assets; Current Assets are first, followed by Non-Current Assets.
large capital of non-current assets and small capital of current assets;