Non-financial assets - objects used by business entities. They bring them real or potential financial profit in the process of their application. Non-financial assets, depending on the method of formation, are divided into production and non-production types.
Production tangible non-financial assets
Production assets are fixed assets that are used constantly and repeatedly for a long time (from a year) for the purpose of producing goods and services. Fixed assets are not goods that are used once: animals, plants, coal, etc.
Tangible fixed assets: structures, buildings (non-residential), machinery and equipment. Inventory (industrial and economic), vehicles, draft animals (not young animals, which are intended for slaughter), perennial plantations, material PF that are not in other groups (animals in the zoo, libraries).
Manufacturing intangible non-financial assets
This group includes information on a closed medium. The value of intangible production assets is determined by the price of this information, not the medium. This group also includes: geological exploration, computer software, works of art and literature. This also includes high-tech industrial technologies.
Production non-financial assets are also stocks of valuables and tangible fixed assets. These are goods created in the early periods and at the current stage. These are finished products, raw materials, production at the stage of completion.
Non-financial assets are valuables. These are expensive goods not intended for consumption or production. Such values retain their value over time: gems and metals (not resources for production); antiques and works of art.
Intangible non-production non-financial assets
This group includes legal forms formed in the course of production, which can be transferred from one unit to another. These include documents that allow the owner to engage in certain activities. These assets include various transferable leases and leases; patented objects - recent inventions characterized by novelty, which enjoy judicial protection on the basis of the law.
Tangible non-productive non-financial assets
This group includes economic assets that can be renewable in a natural way or not (land area; water bodies in this area with the right to own them). This group also includes minerals, underground resources, natural reserves of a biological nature - flora and fauna.
