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.