Tangible assets are physical assets that are intended to serve the company on a permanent basis. According to the structure of Section 266 (2) HGB, this includes:
- Land, leasehold rights and buildings, including buildings on third-party land
- Technical equipment and machinery
- Other equipment, factory and office equipment
- Advance payments made and assets under construction
Rights equivalent to real estate are treated in terms of civil law like real estate, e.g. B. the heritable building right and the permanent right of residence according to the residential property law. Buildings are structures that protect people or property against external influences and are firmly connected to the ground. They also include their facilities, e.g. B. heating, lighting, ventilation systems, if they are regarded as dependent objects in commercial transactions. Buildings also include self-contained property facilities that are not buildings, e.g. B. Parking lots, streets, fences.
Technical systems and machines are all assets that are not buildings and, according to their type, directly serve the operational manufacturing process. The other systems include, as collective items, the systems that are not directly used for production, e.g. B. general transportation systems.
Furniture and fixtures
The operating and office equipment as a collective item includes a wide variety of fixed assets, unless they are to be regarded as part of a mechanical installation or are not operating materials that are subject to immediate consumption.
The advance payments made and assets under construction represent all expenses that were incurred as of Balance sheet date incurred for unfinished and therefore not yet usable assets.