Non-current assets - this is what brings income for a long time

Non-current assets of the enterprise are a set of property fundamental values of the company that participate repeatedly in the production economic activities of the company in order to bring a positive financial result (profit).

Non-current assets: composition

The enterprise may include the following types of non-current assets: equipment intended for installation, intangible assets, fixed assets, unfinished capital assets, long-term investments of finance,

The variety of elements and forms of non-current assets for the purpose of purposeful management requires their preliminary classification, which allows you to put the system under study, structure it, make work with non-current assets more transparent and manageable.

In the current practice of accounting and management of functional types, the following non-current assets are distinguished. These are intangible assets, fixed assets and other types. The first represent the aggregate of the material assets of the organization in the form of means of labor, participating many times in the production process and transferring in parts their value to the goods produced.

Intangible assets have no material form. They allow you to carry out the main types of economic activities of the company.

Intangible assets are also classified as intangible assets, which characterize the entire amount of actual costs incurred for the installation and construction of individual facilities related to future fixed assets. Unfinished construction works from the beginning of this process and until its end, then the object is referred to as fixed assets.

Non-current assets are also equipment intended for installation. This includes equipment that is intended for installation and construction by assembly or installation. It is attached to the supports or foundation. This group also includes instrumentation and other equipment that is installed in the equipment.

Long-term financial investments include all financial instruments purchased by the organization, regardless of the amount of the value, the investment term of which lasts more than one year.

According to the nature of servicing of certain types of activities, the following non-current assets are determined by the company. This is a means to maintain operating activities. They primarily characterize the company's long-term assets, such as intangible assets and fixed capital, that are used directly in the process of commercial and production activities.

This group includes non-current assets that are intended for servicing investment activities and characterize the long-term assets formed in the course of investing, non-productive non-current assets that represent social and household facilities intended to meet the social needs of the personnel (preschool, recreational facilities, sports Constructions, canteens, etc.)

By the nature of ownership, the following non-current assets are divided. This is the company's own long-term funds, which belong to the company on the rights of ownership and ownership. They are reflected in the balance sheet of the enterprise. The same group includes leased assets that are used on the rights of using the company in accordance with the leasing (lease) agreements concluded with their owners.

Unlike circulating assets, non-current assets have less liquidity, as a result of which they are more difficult to realize and receive money for them.