PhD, Ableeva A.M.

Bashkir State Agrarian University, Russia

 

Essence, composition and structure of the fixed assets

 

The most important indicator of the economic power of the republic is a national treasure. National wealth is a combination of material wealth accumulated by the society as a result of previous human labor and natural resources, suitable for use. The national wealth includes aggregate resources of the country (economic assets), and is essential for the process of production of goods, services and ensure peoples lives.

The most important element of national wealth is fixed assets. They are accounted for more than 90% of the national property of Russia. Fixed assets are part of the national wealth. They are created in the manufacturing process, repeatedly used in the production, and gradually (parts by depreciation) transfer their value to create products and services, without changing its natural-material form. Fixed assets are productive assets, as created and used in the production process.

Fixed assets -  part of the property used as a means of labor in the production of goods, works and services, or business management for a period exceeding 12 months or within the normal operating cycle, if it exceeds 12 months. Not applied to fixed assets and included in working capital items used for a period of less than 12 months, regardless of their value, as well as items costing no more than hundred times the minimum monthly wage per unit (on September 1, 1999 - 8349 rubles.) regardless of their useful life, with the cost of those items are taken into account at the date of acquisition. Useful life of a fixed asset is the period during which its use is intended to generate revenue or provide for the purposes of the enterprise. For certain groups of fixed assets useful life is determined by the number of products or other natural workload indicators, which is planned as a result from the use of an object.

Fixed assets are means of labor, which many times involved in the production process, while retaining its natural shape, gradually wearing, transferring their value in part on newly created products. These include funds with a lifetime of more than one year and cost more than 100 times the minimum monthly wage. Fixed assets are divided into productive and nonproductive assets.

Table 1 FIXED ASSET BY ECONOMIC ACTIVITY

 

2005

2010

2011

2012

2013

2014

2015

Bln.  roubles

Percent
of total

Fixed assets, total

41494

93185

108001

121269

133522

147430

158533

100

agriculture, hunting and forestry

1440

2860

3127

3335

3672

3909

4234

2.7

fishing

55

113

133

143

151

148

148

0.1

mining and quarrying

3310

9085

10574

12242

14107

15734

17588

11.1

manufacturing

3639

7989

8877

9862

11379

13550

15352

9.7

electricity, gas and water supply

3408

6769

8529

9761

10684

11842

12787

8.1

construction

605

1500

1553

1582

1677

1775

1948

1.2

wholesale and retail trade

859

3110

3739

3865

4099

4748

5328

3.4

hotels and restaurants

278

535

604

626

685

740

780

0.5

transport and communications

13389

25950

30737

34649

36179

40301

42883

27.0

financial intermediation

494

2154

2071

2521

2603

2734

2947

1.8

real estate, renting and business activities

9369

21896

25008

28560

33052

36017

37571

23.7

public administration

1237

4252

5364

5785

5940

6004

6379

4.0

education

1279

2700

2925

3267

3535

3807

4098

2.6

health and social work

1023

2176

2373

2651

3054

3273

3483

2.2

other community

1107

2096

2387

2420

2705

2847

3007

1.9

 

Production assets are involved in the process of manufacturing products or providing services (tools, machines, devices, transmission devices, etc.). Non-productive fixed assets are not involved in the process of creating products (homes, kindergartens, clubs, stadiums, hospitals, sanatoriums, etc.).

Divided into the following groups and subgroups of fixed assets:

1.     Building (architectural and building industrial objects: the case of shops, warehouses, industrial laboratories, etc.).

2.     Construction (engineering construction projects, creating conditions for the implementation of the production process: the tunnels, culverts, roads, etc.).

3.     Transmission devices (devices for transmission of electricity, liquid and gaseous substances: electricity, heat, gas networks, transmission, etc.).

4.     Machinery and equipment (power machines and equipment, operating machinery and equipment, measuring and control equipment and devices, etc.).

5.     Vehicles (locomotives, wagons, cars, motorcycles, cars, trucks, etc., except for pipelines and conveyors).

6.     Tools (cutting, impact, crushing, sealing, and various devices for fastening, mounting, etc.), except for special tooling and special tooling.

7.     Production equipment and supplies (items to facilitate the execution of manufacturing operations: desks, workbenches, enclosures, fans, racks, etc.).

8.     Household equipment (items of office and economic support: tables, cabinets, racks, typewriters, safes, duplicating machines, etc.).

9.     Other fixed assets. This group includes the library collections, museum, etc.

Proportion (percentage) of different groups of assets in the total value of the company represents the structure of fixed assets. The machine-building enterprises in the structure of assets occupy the largest share: machinery and equipment - an average of about 50% of the building about 37%.

Depending on the degree of direct impact on the subjects of labor and production capacity basic industrial funds are divided into active and passive. The active part of fixed assets includes machinery and equipment, vehicles, tools. The passive fixed assets include all other groups of assets. They create conditions for normal operation of the enterprise.

 

References

1. Лубова Т.Н., Исламгулов Д.Р., Исламгулова И.Р. Основа реализации федерального государственного образовательного стандарта – компетентностный подход // Бъдещите изследвания Материали за 12-а международна научна практична конференция. 2016. С. 3-11.

2. Salimova G.A. Comprehensive study of the level of wages// Наука и образование: сохраняя прошлое, создаем будущее//Сборник статей II Международной научно-практической конференции. Под общей редакцией Г.Ю. Гуляева. 2016. С. 37-43.

3. Federal State Statistics Service - http //: www.gks.ru