Non-financial assets

Public Accounts of Canada 2025 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)

  2025 2024
Net tangible capital assets, Table 10.2
Land 2,411,437 2,385,535
Buildings 20,418,755 19,678,796
Works and infrastructure 13,218,523 12,853,458
Machinery and equipment 13,977,483 13,593,149
Vehicles, Table 10.3 19,754,488 18,525,081
Leasehold improvements 1,636,225 1,636,070
Assets under construction 41,252,697 33,403,929
Assets under capital leases, Table 10.4 2,421,686 2,475,611
Subtotal 115,091,294 104,551,629
Inventories 7,932,695 8,214,184
Prepaid expenses and other 4,078,188 3,837,505
Total 127,102,177 116,603,318

Public Accounts of Canada 2025 Volume I—Bottom of the page Navigation

Date modified: