Fixed Asset

(redirected from Noncurrent assets)
Also found in: Dictionary, Financial.

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 ?
This may be a conservative approach, when long-term sources (company's equity capital and long-term sources of loan capital) are used to finance noncurrent assets and a constant part of current assets as well as an average need for a variable part of current assets.
Yanamoto (2008) analyzed impairment losses on noncurrent assets, disclosed by 357 entities (2004 to 2006), and concluded that leverage ratio, Return On Assets and foreign investors participation are explanatory factors and are negatively associated with impairment recognition, while assets positively explain such recognition.
Figure 3 below shows the cumulative abnormal returns obtained from the disclosure event of minor changes in noncurrent assets. The sharply erratic behavior displayed may be related to the composition of the sample including small positive percentage changes of the ANC and negative percentage change of the ANC.
$000 Cost 1,800 Depreciation at 25% in year one 450 1,350 Depreciation at 25% in year two 337 1,013 Depreciation at 25% in year three 253 760 Depreciation at 25% in year four 190 End of year four (as shown in question) 570 Step two is to apply a depreciation rate of 25 per cent on a reducing-balance basis to HJ's noncurrent assets over the four-year period.
After further adjusting for impairments of noncurrent assets, as well as gains and losses on asset sales, underlying retail operating income leapt 19.4% to $351 million from $294 million.
After further adjusting for impairments of noncurrent assets, as well as gains and losses on the sale of assets, underlying retail operating income surged 19.4% to $351 million from $294 million.
Add the cash proceeds from selling or disposing of any fixed assets, investments, and/or other noncurrent assets.
The general rule is that cash values are carried on the balance sheet under "Noncurrent Assets," as at A on page 361 ("noncurrent assets" are also referred to as "other assets").
Its net assets, total revenues and total expenses for 2009 and 2008 are as follows: 2009 2008 Current assets $ 626 $ 432 Noncurrent assets 950 1,263 Total Assets $ 1,576 $ 1,695 Current liabilities $ -- $ 18 Net Assets 1,576 1,677 Total liabilities and net assets $ 1,576 $ 1,695 Revenue: Scholarship donations $ 351 $ 371 Financial literacy donations 199 254 Investment and other income (269) 28 Total revenue 281 653 Expenses: Administration expenses 88 192 Scholarship distributions 294 292 Total expenses 382 484 Change in net assets (101) 169 Net assets, beginning of year 1,677 1,508 Net assets, end of year $ 1,576 $ 1,677
It also requires disclosure, for each reportable segment (if the amounts are included in the determination of segment assets, or otherwise are reviewed by the chief operating decision maker), of the amount of investment in associates and joint ventures accounted for by the equity method, and the total expenditures for additions to noncurrent assets other than financial instruments, deferred tax assets, postemployment benefit assets and rights arising under insurance contracts.
In Chapter 7, you learned about various valuation methods for current and noncurrent assets, accounting procedures specific to cash, accounts receivable, inventory, and prepaid expenses, and information disclosed in the notes and tables that accompany the financial statements.
He cited Spiegel Co., which showed $120m of long-term debt and only $30m of noncurrent assets. He then proposed that, if the deferred tax associated with installment receivables (a current asset) should be shown as a current liability, "it immediately raises the question of whether 90 of the 120 million of the long-term debt shouldn't also go up there, because it has to apply to something on the current asset side" (28) (p.