Non-financial produced assets (AN.1)

7.14 Definition:

Produced assets (AN.1) are non-financial assets that have come into existence as outputs from production processes.

7.15 The classification of produced assets is designed to distinguish among assets on the basis of their role in production. It consists of: fixed assets which are used repeatedly or continuously in production for more than one year; inventories which are used up in production as intermediate consumption, sold or otherwise disposed of; and valuables. The latter are not used primarily for production or consumption, but are instead acquired and held primarily as stores of value.