There is an item in the balance sheet thatthe name "Non-current assets". It includes various means of economic composition related to less liquid assets, the usefulness of which has been manifested for several years. In this section, several groups of balance are distinguished, that is, intangible assets (intellectual property rights, various patents, trademarks, all kinds of licenses and even business reputation of organizations). Thus, here were listed non-current assets that do not have as such a physical basis, but, at the same time, of considerable value.
The next article in this section is "Basicfacilities". These include land plots, buildings, cars, equipment and other fixed assets of the enterprise or organization. It reflects exactly the material part, which has become an integral part of people's labor. These non-current assets transfer their value to the produced goods gradually, over time, as they wear out.
And, finally, the third article - "Unfinishedbuilding". This can include all the data on the cost of construction, that is, spare equipment, the costs of the formation of the main fund and many other capital costs for construction.
Investments in non-current assets that generate profits
This is the residual value of property thatwas purchased to provide it for a fee to various organizations for temporary use, as well as possession of this property for profit. Long-term financial investments make, mainly, in subsidiaries, as well as in dependent companies and a number of other organizations.
In addition, long-term investments includealso loans that are provided to organizations. In 2003, the article "Deferred tax assets" was introduced. It contains information in accordance with PBU-18/02. In the "deferred tax asset" the indicator is a derivative of the differences. In accordance with PBU-18/02 item 8, temporary differences are expenses and incomes that create accounting profit or loss for one reporting period, and in other accounting periods the tax base for income tax is formed. After receiving the difference, it can be understood that the profit from the operation in the reporting period, which was formed on the basis of accounting rules, is less than the profit that is recognized in the tax accounting.
Other noncurrent assets
In this article, you can show attachments and tools,which are not displayed in the articles of the 1st section of the balance sheet. The account 08 may reflect the costs of "Investments in non-current assets," which shows the acquired intangible assets, which were not put into operation at the end of the reporting year.
The second section of the article describes negotiableassets - financial investments in facilities and their use within a single production cycle or for a short period of time, in particular, not more than one year. Circulating assets in the work of most enterprises are crucial, because they create the final result of the activities of these enterprises.
One of the following groups of balance items isgroup "Stocks". It collects material current assets, which are reflected in the balance sheet by the relevant articles (materials and raw materials, other similar values).
Here, the reserves of raw materials for the main andfor auxiliary materials. For example, spare parts, purchased semi-finished products, components and other tangible assets that are listed on account 10 "Materials". This is how management of non-current assets looks like.