Asset of enterprise (financial statistics)

Definition

Asset refers to resources controlled by an entity as a result of past events and from which future economic benefits or service potential are expected to flow to the entity.

Enterprise (financial statistics) refers to the organizational unit of a business that directs and controls the allocation of resources relating to its domestic operations, and for which consolidated financial and balance sheet accounts are maintained from which international transactions, an international investment position and a consolidated financial position for the unit can be derived. It corresponds to the institutional unit as defined for the System of National Accounts. For the purpose of financial statistics, enterprises classified under the North American Industry Classification System (NAICS) to Management of Companies and Enterprises (NAICS 55) are excluded to avoid double counting of assets. These enterprises are typically holding companies whose most significant assets are investments in affiliated enterprises. As well, enterprises classified under NAICS 526 (Funds and other financial vehicles) are excluded.

Measurements

  • Canadian dollar at current prices May 12, 2003 to current
  • Percentage of total assets March 16, 1998 to current
  • Percentage of total assets of enterprise March 16, 1998 to current

Classifications

Relation to previous version

  • Asset of enterprise (financial statistics) March 16, 1998 to current

    This is the current version.

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