Non-financial assets-what is Non-financial assets?
Non-financial assets is defined in the investment financing instruments (such as stocks, bonds) and money (including bank deposits) other than the assets, including fixed assets, intangible assets, goodwill, materials. Generally speaking, people are the company to hold stocks, bonds and other financing instruments and currency is called the financial assets, other known non-financial assets.
Non-financial assets - an overview
Recognition of non-financial assets used in standard models of risk and reward. Recognition of financial assets, due to the complexity of financial instruments, it is difficult to use risk-reward model to size-fits-a. For instance trust scheme, the principal and earnings can separate income people can not have any risk, the light receive remuneration; in such commitments. Non-production / non-financial assets transaction is non-productive physical assets (land and subsoil assets) and intangible assets (patents, copyrights, trademarks and distribution rights, etc.) to buy and give up. Specific financial items, including direct investment, portfolio investment and other investment projects.
Survey data on non-financial assets
With the stock market crash and non-financial listed companies, financial assets held for sale are also lower than that. Statistics show that, excluding financial enterprises, listed companies available for sale financial assets, the end of 2007 than the year was reduced by 37%, which means that these companies return on investment "reservoir" of the water level dropped Jinsi Cheng. 1619 in Shanghai and Shenzhen listed companies held by the end of 2007 a total of 3.2304 trillion yuan available for sale financial assets, financial assets, close to the deal 8 times. In the trading market value of financial assets, fluctuations in the premise of current performance, the listed company's management is clearly more likely to be equity investments classified as available for sale financial assets. However, in the available for sale financial assets derecognised Jibei disposal, will release a profit. Because the original owner's equity into account changes in the fair value of parts will be transferred out, counting the current return on investment. In this sense, a listed company owned by more than 3 trillion yuan available for sale financial assets, equivalent to a huge reservoir of profits. Compared with the beginning of the number of 3.209 trillion yuan, 1619 listed companies in late 2007, a slight increase in financial assets available for sale. However, excluding financial enterprises, the situation is quite different. 1591 non-financial listed companies in late 2007 has available for sale financial assets, 114.5 billion yuan, 183.1 billion yuan over the beginning of the number of dropped 68.6 billion, down by as much as 37%. 1591 in the above-mentioned non-financial listed companies in 2007 for sale of financial assets decreased by more than 100 million yuan of up to 104, of which more than one billion yuan are 21. Available for sale financial assets decreased by no more than two reasons: first, sell, and second, the fair value has shrunk. The fall caused due to the fair market value of the diminution in value is no doubt these listed companies held by the sharp reduction in available for sale financial assets, the main reason. Youngor available for sale financial assets, six months had fallen by 60 billion, this amount of all non-financial listed companies in the first place. The company has available for sale financial assets, beginning 16.5 billion by the end of 2007 fell to 10.5 billion yuan. This is the company sold some of CITIC Securities shares held by related, but more often a result of holding the stock price down. One is the company's 240 million shares held by CITIC Securities, the market value of between six months loss of as high as 3.5 billion. Came in second place in Nanjing Hi-tech in 2007 available for sale financial assets decreased by nearly 3.9 billion, down 47% ratio, that is, the company held by CITIC Securities, Qixia building, Nanjing Bank, the Science City and other stock market value has shrunk due.
Derivatives
(1) futures contracts. Futures contract refers to the Futures Exchange to develop a unified, the provision in the future delivery of a particular time and place a certain amount and quality of the physical commodity or financial products, the standardization of contracts.
(2) options contracts. Option contract is the contract the buyer to pay a certain amount of money available after an option contract. The stock market launch warrants are call options, put warrants are part of put options.
(3) forward contracts. Forward contract is a contract the two sides agreed at a future date in order to agree the value of the seller by the buyer to purchase a certain number of underlying contracts for the projects.
(4) The swap contract. Swap contract is a contract the two sides in a future series of cash flows during the exchange of contracts. The subject of the project under contract is different swap can be divided into interest rate swaps, currency swaps, commodity swaps, equity swaps and so on. Among them, interest rate swaps and currency swaps are more common. Classification of non-financial assets, classified according to whether the material form of tangible assets and intangible assets, according to the manner or process produces can be divided into productive assets and non-produced assets. In the non-financial assets, the "productive assets" by fixed assets, inventories and valuables composition. "Non-produced assets" can be broadly divided into two categories: one category is resource assets, that is tangible non-produced assets, from land assets, water resources, assets, underground assets and the composition of the non-cultivated biological assets; the other is intangible non-produced assets , such as patents, leases and other transferable contracts, purchased goodwill. As China's accounting of assets and liabilities faced by the sources of information and technical constraints, only the simple non-financial assets classified as fixed assets, inventories and other non-financial assets categories. Other non-financial assets refers to fixed assets, inventories other than productive, non-productive non-financial assets, tangible and intangible assets. Has a store of value, such as valuable items, land, underground resources, non-cultivated biological resources, water resources, physical resources such as assets, mineral exploration, computer software, literary and artistic originals, patents, copyright, trademark, goodwill and so on. Reduced assets as the stock market crash, investors have to face the listed company held by the book value of financial assets available for sale a drastic shrinkage of reality. Quarterly data on the three statistics, excluding financial enterprises, listed companies in the third quarter compared with the end of the beginning of financial assets available for sale decreased by 42%, which means that cross-shareholdings of listed companies to build profits "passbook" also shrunk Yusi Cheng. Shanghai and Shenzhen A total of 1466 listed companies to disclose three quarterly, the end of holding a total of 2.9259 trillion yuan available for sale financial assets, trading financial assets of 392.1 billion yuan. Listed companies held by the financial assets available for sale financial assets are trading at 7.5 times. In the trading market value of financial assets, fluctuations in the premise of current performance, the listed company's management is clearly more likely to be equity investments classified as available for sale financial assets. According to corporate accounting standards, financial assets available for sale to confirm the termination of Jibei disposal, will release a profit. Because the original owner's equity into account changes in the fair value of parts will be transferred out, counting the current return on investment. In this sense, the listed company has nearly 3 trillion yuan available for sale financial assets, equivalent to a huge profit "passbook." Compared with the beginning of the number of 2.9509 trillion yuan, 1466 listed companies at the end of the third quarter, slightly less available for sale financial assets 25.0 billion, down less than 1% rate. Yet after taking out one of the 25 financial companies, the situation is quite different. 1441 non-financial listed companies, the end of the third quarter, has available for sale financial assets 71.0 billion, 122.8 billion yuan over the beginning of the number of dropped 51.8 billion, down by as much as 42%. 1441 in the above-mentioned non-financial listed companies available for sale financial assets decreased by more than 100 million yuan of up to 102, accounting for 7% of the total number of companies, of which more than 1 billion yuan are 15. Available for sale financial assets decreased by no more than two reasons: first, sell, and second, the fair value has shrunk. Bao new energy sources, such as financial assets available for sale early next year the number was 11.5 million, three-quarter-end is zero, the company has available for sale financial assets held by all the sales. Overall, however, due to the fair market value decline caused by the diminution in value, is a listed company held by the sharp reduction in available for sale financial assets, the main reason. Eastern Electric B available for sale financial assets 9 months time reduced by 42.8 billion, this amount has been disclosed in the three quarterly non-financial listed companies in the first place. The company has available for sale financial assets, beginning of 6.48 billion yuan, down 2.2 billion. Bank of East Electric B holds, China Merchants Bank and Industrial Bank shares in three listed banks, the company sold some holdings at market value plus three banks declined, resulting in the for-sale financial assets, a decrease of 66%. Shrinking the amount came in second place in Nanjing Hi-tech available for sale financial assets decreased by 4.1 billion, down 50% the proportion of main reasons is the company held by CITIC Securities, Qixia building, Nanjing Bank, the Science City and other stock market value has shrunk due.
