Non-financial assets

Public Accounts of Canada 2020 Volume I: Top of the page Navigation

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)
  2020 2019
Net tangible capital assets, Table 10.2
Land 2,120,738 2,100,162
Buildings 17,819,649 17,441,724
Works and infrastructure 12,155,553 8,965,406
Machinery and equipment 11,997,787 11,745,752
Vehicles, Table 10.3 15,291,790 14,825,253
Leasehold improvements 1,450,730 1,137,882
Assets under construction 20,131,134 20,188,311
Assets under capital leases, Table 10.4 2,714,268 2,537,865
Subtotal 83,681,649 78,942,355
Inventories 6,171,108 6,600,924
Prepaid expenses and other 1,678,405 1,131,142
Total 91,531,161 86,674,421

Public Accounts of Canada 2020 Volume I: Bottom of the page Navigation

Report a problem or mistake on this page
Date modified: