Non-financial assets

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Non-financial assets are assets that have an economic life that extends beyond the accounting period and that are intended for consumption in the normal course of operations. They are converted into expense in future periods and include tangible capital assets, inventories, and prepaid expenses.

Tangible capital assets consist of acquired, built, developed or improved tangible assets, which are intended to be used on a continuous basis and are not intended for sale in the ordinary course of business.

Inventories are items of tangible property that are to be used in the delivery of program outputs. Some revolving funds and a few departments may have inventories held for resale to parties outside the Government.

Prepaid expenses and other are disbursements made, pursuant to a contract, before the completion of the work, delivery of the goods or rendering of the service.

Table 10.1
Non-financial assets by category
(in thousands of dollars)
  2018 2017
Net tangible capital assets, Table 10.2
Land 1,814,426 1,717,517
Buildings 15,823,682 15,463,333
Works and infrastructure 8,252,299 7,499,890
Machinery and equipment 11,098,766 10,538,038
Vehicles, Table 10.3 15,258,580 16,031,885
Leasehold improvements 1,126,801 1,128,202
Assets under construction 17,759,720 14,651,835
Assets under capital leases, Table 10.4 2,700,728 2,645,014
Subtotal 73,835,002 69,675,714
Inventories 6,679,188 6,841,999
Prepaid expenses and other 6,995,075 6,039,763
Total 87,509,265 82,557,475

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