Non-financial assets

Public Accounts of Canada 2024 Volume I—Top of the page Navigation

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)

  2024 2023
Net tangible capital assets, Table 10.2
Land 2,385,535 2,316,032
Buildings 19,678,796 19,051,229
Works and infrastructure 12,853,458 12,641,211
Machinery and equipment 13,593,149 13,202,950
Vehicles, Table 10.3 18,525,081 17,779,238
Leasehold improvements 1,636,070 1,620,592
Assets under construction 33,403,929 28,147,438
Assets under capital leases, Table 10.4 2,475,611 2,578,476
Subtotal 104,551,629 97,337,166
Inventories 8,214,184 9,405,018
Prepaid expenses and other 3,837,505 3,001,705
Total 116,603,318 109,743,889

Public Accounts of Canada 2024 Volume I—Bottom of the page Navigation

Date modified: