These are assets of the company that are not involved in current operations and are not liquid, but generate income for the organization. They represent capital used to create products and ensure the constant profitability of the business. They can be in the form of equipment, buildings, intellectual property and other resources and are of strategic importance for the development of the company.
Used in the production process and remaining in the company's ownership for more than 12 months. These include research and development results, fixed assets, long-term company assets, intangible assets, overdue accounts receivable, and unfinished construction. These resources are fundamental elements of a business, ensuring its stability and long-term profitability.
Current and non-current assets
Advantages:
stability and turn leads into sales with overseas chinese in worldwide data financial sustainability;
have a lower level of risk of loss;
resilience to economic threats and unfavourable market conditions.
Flaws:
unavailability for quick implementation;
a tendency to physical wear and tear or obsolescence;
limited ability to change resources or strategy.
An example of a non-current asset is equipment used in production. The cost of such property is distributed among the products created through the depreciation of each unit. Additional examples of non-current assets include intangible resources such as intellectual property (e.g. patents, copyrights or trademarks) or licenses. These do not have a physical form, but can be of great value to a company because they help create and protect unique competitive advantages.
For example, a logo is an intangible resource that can be used to form a company's brand identity and increase the recognition of its products and services. Another type of non-current assets are long-term financial investments that are not intended for quick sale and can generate income in the future.
They are the resources used by an enterprise to create a production base and ensure its operation in the long term. Depending on the industry, the composition and characteristics of a company's assets may vary significantly.