Property, plant and equipment
Tangible assets ( english tangible assets ) are accounting tangible assets that are in the ownership of a company are, remain permanently in the company and are operating normally necessary, so necessary to maintain the production and operation.
General
In contrast to current assets , property, plant and equipment cannot be liquidated quickly and is therefore tied to the company for the long term. Tangible assets are in the balance sheet on the asset side recorded and are included in financial assets and intangible assets to fixed assets . They are sorted according to their resellability, that is, the item that is easiest to sell comes last.
Balance sheet items for property, plant and equipment
The balance sheet items for property, plant and equipment are divided into four sub-items in accordance with Section 266 of the German Commercial Code :
- The balance sheet item “ Land , leasehold rights and buildings including buildings on third-party land” includes the named assets in a collective item. A separation into wear- and- tear and non-wear-out values is not mandatory, but required. In addition to land, buildings , heritable building rights and ownership of apartments and mines , this also includes facilities that are used, e.g. B. heating systems.
- "Technical systems and machines " are all systems that are used directly for production .
- The item “Other equipment, factory and office equipment ” includes all equipment that is not directly used for production. This can e.g. B. the vehicle fleet or the telephone system .
- Under "Plants under construction, advance payments on plants" are to be listed expenses for plants that were not yet completed as of the balance sheet date . These expenses are not expenses , but flow into the value of the later investment and must therefore be capitalized in the balance sheet .
National economy
The national accounts (VGR) are based on an asset account that compares the economic assets (tangible assets and receivables) with the liabilities.
literature
- Coenenberg, AG u. a .: Annual accounts and annual accounts analysis , 20th edition, Landsberg am Lech 2005, ISBN 3-7910-2378-0 , pp. 152–154.
