Non-financial assets

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Non-financial assets are assets that have an economic life that extends beyond the accounting period and that are intended for consumption in the normal course of operations. They are converted into expense in future periods and include tangible capital assets, inventories, and prepaid expenses.

Tangible capital assets consist of acquired, built, developed or improved tangible assets, which are intended to be used on a continuous basis and are not intended for sale in the ordinary course of business.

Inventories are items of tangible property that are to be used in the delivery of program outputs. Some revolving funds and a few departments may have inventories held for resale to parties outside the government.

Prepaid expenses and other are disbursements made, pursuant to a contract, before the completion of the work, delivery of the goods or rendering of the service.

Table 10.1
Non-financial assets by category
(in thousands of dollars)
  2023
2022
Restated
Net tangible capital assets, Table 10.2
Land 2,316,032 2,287,406
Buildings 19,051,229 18,697,385
Works and infrastructure 12,641,211 12,639,719
Machinery and equipment 13,202,950 13,228,083
Vehicles, Table 10.3 17,779,238 16,756,971
Leasehold improvements 1,620,592 1,603,154
Assets under construction 28,147,438 24,855,299
Assets under capital leases, Table 10.4 2,578,476 2,717,041
Subtotal 97,337,166 92,785,058
Inventories 9,405,018 9,026,327
Prepaid expenses and other 3,001,705 2,958,118
Total 109,743,889 104,769,503

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