| Definition |
These are produced assets used repeatedly, or continuously, in processes of production for more than one year. They consist of both tangible fixed assets (dwellings, other buildings and structures, transport equipment, other machinery and equipment, cultivated assets like part of livestock and orchards etc.), and intangible fixed assets (mineral exploration, computer software, originals in art etc.). Inventories and valuables that are not used repeatedly in production are not recorded as fixed assets. The same is the case for tangible and intangible non-produced assets. |
