Presentation of fixed assets investment in the mirror
Composition of long-term assets in fixed grid show
As part of the annual accounts - even on a voluntary basis - usually an investment levels created.
The items of fixed assets and capitalized expenses for the launch and expansion of business operations are in the framework of the annual accounts in their development. This may be in the balance sheet in the appendix or in a facility within the annual accounts.
No obligation to establish a facility level
Such a report, for which, in practice, the terms “fixed grid” and “assets” that have for some companies (for example, the consolidated financial statements, Section 298 para 1 HGB) to create mandatory. Sole proprietors and partnerships who are not subject to disclosure laws, create an investment levels are usually on a voluntary basis.
There is an Excel file with a fixed assets schedule.
Construction of fixed mirror
The vertical structure of the fixed mirror sees the separate identity of the capitalized expenses for the launch and expansion of the business and the individual items of fixed assets in accordance with the outline scheme under § 266 A. I, II to III HGB before.
The horizontal layout of the fixed mirror, it is clear from § 268 para 2 sentence 2 HGB. Next § 268 requires para 2 HGB include the depreciation of the financial year to every item of the vertical structure of the fixed mirror is shown separately.
The trade law requires the order of columns in current assets not specifically before. The minimum legal structure is in operational practice, but often to illustrate the development of the entire cost and accumulated depreciation at the state from the beginning and the end of the year expanded.
The columns of the fixed mirror
In the first column of the facility will mirror the cost of all previous years purchased or manufactured, and at the beginning of the year capitalized items of fixed assets shown. Thus this column also contains all of the activations in previous years and in the changes of previous years contained cost.
Additions - understood as a quantitative extension - in the next column of the fixed mirror with the cost in the fiscal year, indicating in the assets actually widened. This is the date on which the economic power and economic ownership is transferred.
The next column of the fixed mirror contained Disposals relate to the elimination of quantitative restrictions on property, for example by sale, exchange, demolition or removal. Since the development of gross fixed assets to be made, are leaving the full amount - that is, in the amount of the retired asset total capitalized cost - the accounts. Therefore, while leaving the entire cost and accumulated depreciation from the corresponding columns of the fixed mirror to eliminate.
The transfer of the fixed-column mirror has no material, but only a formal meaning, since it is only to pass the amendments concerned. They come especially for plants under construction and payments on investments in question. In these cases, only the date of the prior year amounts to be transferred. It is therefore not allowed during all of fiscal capitalizable amounts initially as additions under construction or down payments to cover them and, after completion in the current fiscal year to the corresponding items total transferred free budget worksheets.
The next column of the fixed mirror above attributions are value-corrections of previously capitalized fixed assets. These include in particular reversals, because the reasons for non-scheduled depreciation of earlier years are removed. Where only the specific identity of the annual write-up. In subsequent years the amount of the write-up in the column cost or depreciation incorporated.
The next column of the fixed mirror listed accumulated depreciation include the depreciation of previous years and the depreciation of the current fiscal year on assets at the end of the year to fixed assets personal finance budgeting.
The depreciation of the current fiscal year, which in the next column of the investment levels are indicated, correspond to the depreciation, the profit and loss account of the final year’s accounts.
