(Accounting & Book-keeping) nontrading business assets of a relatively permanent nature, such as plant, fixtures, or goodwill. Also called: capital assets Compare current assets
Being the biggest fixed assets of the Group and the most famous, the value of TMG brand value reached EGP 13.1bn, or more than 55% of its fixed assets, thanks to the tremendous achievement by the Group under the leadership of Hisham Talaat Mostafa, TMG Managing Director.
The habit, he said, has made it difficult to ascertain the expenditure of some Sh608 million that the Judiciary declared it spends on the acquisition of fixed assets during the year.
In 2016 these sectors formed 58.9% of total expenditure on acquisition fixed assets. The investment in tangible fixed assets in the Construction sector was BGN 1 083 million and decreased by 28.5% compared to 2015.
The service offers corporations a two-pronged approach to fixed asset management via its cloud platform, and through the value added service of helping companies organise their fixed assets data with advanced tracking technology.
The government order stipulates that auditors are required to mention internal control systems, records of fixed assets, undisputed statutory dues and default in repayment of loans, among other factors related to the company they audit.
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