Glossary:Non-financial non-produced assets (2024)

In national accounts, non-financial non-produced assets consist of assets that have not been produced within the production boundary, and that may be used in the production of goods and services.

Non-financial non-produced assets consist of natural resources (e.g. land, mineral and energy reserves, non-cultivated biological resources such as virgin forest, water resources, radio spectra and others), contracts, leases and licences as well as goodwill and marketing assets.

Related concepts

  • Asset, ESA 2010 chapter 7, 15
  • ESA 2010, in particular paragraph 3.184 and following
Glossary:Non-financial non-produced assets (2024)


Glossary:Non-financial non-produced assets? ›

Non-produced assets are non-financial assets that come into existence other than through processes of production; they include both tangible assets and intangible assets and also include costs of ownership transfer on and major improvements to these assets.

What are non produced non-financial assets? ›

Non-financial non-produced assets consist of natural resources (e.g. land, mineral and energy reserves, non-cultivated biological resources such as virgin forest, water resources, radio spectra and others), contracts, leases and licences as well as goodwill and marketing assets.

What are examples of nonfinancial assets? ›

Examples of non-financial assets include tangible assets, such as land, buildings, motor vehicles, and equipment, as well as intangible assets, such as patents, goodwill, and intellectual property.

What are non-financial assets called? ›

Non-financial assets may be tangible (also known as , e.g., land, buildings, equipment, and vehicles) but also intangible (e.g., patents, intellectual property, data).

What are non-financial assets and non-financial liabilities? ›

Non-financial assets are tangible or intangible properties upon which ownership rights may be exercised. Financial assets are economic assets such as means of payment or financial claims. Financial liabilities are debts.

What are non produced items? ›

Non-production assets are those which are not involved in the production of goods and services. As such, non-production assets generally include cash, short-term investments, receivables, prepayments and other assets. We exclude fixed assets, inventory and intangibles.

What is the difference between a financial asset and a non-financial asset? ›

A financial asset is a liquid asset whose value comes from a contractual claim, whereas a non-financial asset's value is determined by its physical net worth. Non-financial assets cannot be traded, yet financial assets frequently are. The former, over time, will depreciate in value, whereas the latter does not.

Is inventory a non-financial asset? ›

A non-financial asset can either be tangible and physical assets such as inventories and property, plant and equipment or intangible assets like computer software, patents, and copyrights.

What is the fair value of a non-financial asset? ›

The fair value of a non-financial asset is determined based on its 'highest and best use'. This refers to the most advantageous use of the asset that would maximise its value. The perspective of market participants guides this determination, even if the entity has a different intended use or no use for the asset.

What is the difference between financial and non-financial? ›

The financial account is the account of Financial Assets (such as loans, shares, or pension funds). The non-financial account deals with all the transactions that are not in financial assets, such as Output, Tax, Consumer Spending and Investment in Fixed Assets.

What are the 4 types of financial assets? ›

financial asset

a contractual claim to something of value; modern economies have four main types of financial assets: bank deposits, stocks, bonds, and loans.

What does non-financial mean? ›

not relating to money or how money is managed: Non-financial incentives have proven much less effective than financial ones. Couples also consider non-financial factors when deciding on when to retire.

What are the liabilities that are not financial liabilities? ›

For instance, taxes and levies imposed by governments are not considered financial liabilities, as they are not contractual but are instead dealt with by IAS 12 and IFRIC 21 (IAS 32. AG12).

What are the non-financial factors? ›

For example, customer satisfaction, employee morale, brand reputation, social responsibility, environmental sustainability, and strategic alignment are some common non-financial factors and intangible benefits that may influence your NPV evaluation.

What is an example of a non-financial liability? ›

Some common examples of non-financial liabilities include: Legal obligations - such as lawsuits, contracts, or fines. Operational liabilities - such as product recalls, environmental liabilities, or employee lawsuits. Reputational liabilities - such as negative public perception or brand damage.

What is an example of a non-financial transaction? ›

Non-financial transactions are exchanges of goods or services that do not involve the transfer of money. Some common examples include: Bartering: Exchanging goods or services without money changing hands. For example, a farmer trades vegetables from their garden for a haircut from the local barber.


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