First, non-financial assets are the symmetry of financial assets. All tangible and intangible assets except financial assets. Tangible assets include: ① fixed assets. Ensure the normal production, operation, service and residents' life of various departments of the national economy at a certain point in time, and use it repeatedly within the specified time, and its value conforms to the provisions of the financial system. ② Inventory (inventory). At a certain point in time, a material product that is ready to enter the production process and play a role, but has not yet been sold to the consumption field. ③ Other material assets. Including land, forests, underground mineral resources and cultural and cultural relics assets. Non-financial intangible assets include patents, copyrights, trademarks and goodwill.
Two, the recognition standard of non-financial assets is the risk reward model. Because of the complexity of financial instruments, it is difficult to confirm financial assets with risk-reward model. For example, a trust plan can separate the client from the beneficiary, and the beneficiary can get paid without any risk; Like commitment. The transaction of unproductive/non-financial assets refers to the purchase and abandonment of unproductive tangible assets (land and underground assets) and intangible assets (patents, copyrights, trademarks, distribution rights, etc.). ). Financial projects include direct investment, securities investment and other investment projects.
Third, with the stock market crash, the available-for-sale financial assets held by non-financial listed companies have also shrunk dramatically. Statistics show that excluding financial enterprises, the financial assets available for sale of listed companies at the end of 2007 decreased by 37% compared with the beginning of 2007, which means that the water level of the investment income "reservoir" of these listed companies decreased by nearly 40%. At the end of 2007, the listed companies in Shanghai and Shenzhen stock markets 16 19 * * * held available-for-sale financial assets of 3,230.4 billion yuan, which was nearly 8 times that of trading financial assets. On the premise that the market price fluctuation of tradable financial assets affects the current performance, the management of listed companies obviously tends to classify stock investment as available-for-sale financial assets. However, the profit will be released when the available-for-sale financial assets are terminated and disposed of. Because the change of fair value originally included in the owner's equity will be transferred out and included in the current investment income. In this sense, listed companies have more than 3 trillion yuan of available-for-sale financial assets, which is equivalent to a huge profit reservoir. Compared with 320.9 billion yuan at the beginning of the year, the available-for-sale financial assets of 16 19 listed companies increased slightly at the end of 2007. But after excluding financial enterprises, the situation is very different. At the end of 2007, 159 1 available-for-sale financial assets of non-financial listed companies were 1 145 billion yuan, a sharp drop of 68.6 billion yuan compared with 183 1 billion yuan at the beginning of the year, with a drop rate as high as 37%. Among the above 159 1 non-financial listed companies, the available-for-sale financial assets decreased by more than 1 billion yuan in 2007, of which 2 1 company exceeded 1 billion yuan. The decrease of available-for-sale financial assets is nothing more than two reasons: one is to sell, and the other is to shrink the fair value. The shrinkage of fair value caused by the falling market price is undoubtedly the main reason for the sharp decrease of available-for-sale financial assets held by these listed companies. Youngor's available-for-sale financial assets decreased by 6 billion yuan in half a year, ranking first among all non-financial listed companies. At the beginning of the year, the company's available-for-sale financial assets were 654.38+0.65 billion yuan, which decreased to 654.38+0.05 billion yuan at the end of 2007. This is related to the company's sale of some of its shares in CITIC Securities, but it is more due to the decline in the market price of its shares. Only the company holds 240 million shares of CITIC Securities, and the market value loss for half a year is as high as 3.5 billion yuan. Nanjing Hi-Tech, the second-ranked company, saw its available-for-sale financial assets decrease by nearly 3.9 billion yuan in 2007, with a reduction ratio of 47%, which was caused by the shrinking market value of shares held by the company, such as CITIC Securities, Qixia Construction, Bank of Nanjing and Science City.