net assets (assets after allowing for depreciation less liabilities financial intermediarieds only (optinal).

Net assets available for benefits are the assets of a plan less liabilities other than the actuarial present value of promised retirement benefits.

net assets and reserves should be distributed on winding-up according to the principle of disinterested distribution, that is to say to another cooperative body pursuing similar aims or general interest purposes.

Net assets shall be distributed in accordance with the principle of disinterested distribution, or, where permitted by the law of the Member State in which the SCE has its registered office, in accordance with an alternative arrangement set out in the statutes of the SCE.

Distributions of assets on a net basis include:

The net worth of the assets and liabilities of the European Coal and Steel Community, as they appear in the balance sheet of the European Coal and Steel Community of 23 July 2002, subject to any increase or decrease which may occur as a result of the liquidation operations, shall be considered as Union assets intended for research in sectors related to the coal and steel industry, referred to as the "European Coal and Steel Community in liquidation".

viii) “Collective investment securities” shall mean the share certificates, registry entries or other evidence of investor interest in an institution for collective investment which, irrespective of legal form, is organised for the purpose of managing investments in securities or in other assets, applies the principle of risk-spreading, issues its own securities to the public on demand either continuously or at frequent intervals and is required on the request of the holder to redeem such securities, directly or indirectly, within a specified period and at their net asset value;

any hidden net reserves arising out of the valuation of assets, in so far as such hidden net reserves are not of an exceptional nature.

However, the net acquisition of land is not included in GFCF since the land is a non-produced asset.

The net acquisition of land (and other non-produced tangible assets) is recorded in the capital account (acquisitions of non-financial assets account).

The allocation of the individual NCB's and ECB's net credit or debit position to either the asset or liability side of the balance sheet is done according to the sign, i.e. a positive net position vis-à-vis the eurosystem will be reported on the asset side, a negative net position on the liability side.

Net revenue which may be used to finance research projects corresponds to the annual net result of the ECSC in liquidation and subsequently, when liquidation has been completed, to the annual net result of the Assets of the Research Fund for Coal and Steel.

Accumulation accounts analyse the various components of changes in the assets and liabilities of units and make it possible to record changes in net worth (the difference between assets and liabilities).

It is possible for net acquisitions of existing goods to be positive, in other words, to represent increases in the capital assets of the economy as a whole.

The balance sheets show the total assets and liabilities of the various units at the beginning and end of the accounting period, together with their net worth.

The consumption of fixed capital is only one component of the change in the value of assets (together with GFCF, other changes in volume and nominal holding gains (net of losses);

Nominal holding gains (net of losses) correspond to holding gains (net of losses) accumulated during the period considered and resulting from a change in the price of the asset whose economic and physical (quantitative and qualitative) characteristics remain unchanged over the period concerned.

Action taken by such companies to ensure that the stock exchange value of their units does not vary significantly from their net asset value shall be regarded as equivalent to such repurchase or redemption.

The net worth of these assets and liabilities, as they appear in the balance sheet of the ECSC of 23 July 2002, subject to any increase or decrease which may occur as a result of the liquidation operations, shall be considered as assets intended for research in the sectors related to the coal and steel industry, referred to as the "ECSC in liquidation".

The net worth of these assets and liabilities, as they appear in the balance sheet of the ECSC of 23 July 2002, subject to any increase or decrease which may occur as a result of the liquidation operations, shall be considered as assets intended for research in the sectors related to the coal and steel industry, referred to as the "ECSC in liquidation".

Net revenue available to finance research projects for year n+2 shall be recorded in the balance sheet of the ECSC in liquidation of year n and, on completion of the liquidation, in the balance sheet of the Assets of the Research Fund for Coal and Steel.

The net revenue will be committed to the general budget of the European Union as dedicated revenue and will be transferred from the ECSC in liquidation and, on completion of the liquidation, the Assets of the Research Fund for Coal and Steel when necessary to meet the obligations from the budget line directed to research programmes for sectors related to the coal and steel industry.

Fixed assets, net

Net financial assets

Net acquisition of financial assets

The return on net assets (expressing the profitability as a percentage of the total assets of the Community industry) was considered in this case an adequate indicator.

It argued that a company's own capital resources should at least earn a return on net assets which equals bank loan rates.

It was argued that the average PTY sales price increased more than the purchase price of ΡΟΥ and should therefore result in a positive development of the return on net assets.

Changes in net worth due to other changes in volume of assets

2 Changes in net worth due to other changes in volume of assets

The Indian exporting producers questioned the level of the return on net assets on the basis of the respective price development of PTY and of the main raw material used to produce PTY (namely ΡΟΥ ).

Other volume changes in financial assets and net liabilities n. e. c.

Balance sheets present stocks of assets and liabilities and net worth.

The evolution of the return on net assets was consistent with the profitability figures and showed a clear deterioration of the financial situation of the Community industry, especially subsequently to the year 1998.

(c) Investment in subsidiaries or significant interests Net asset value

Transactions in financial instruments (F) (Net acquisition of financial assets/net incurrence of liabilities)

Goodwill can be defined as the excess amount that has to be paid to acquire a part or the whole of a business as a going concern, over and above the value of the net assets owned by the business (purchased goodwill is capitalised as an asset).

Changes in net worth due to saving and capital transfers(c), (d) Changes in net worth due to other changes in volume of assets

which describe the net acquisition of financial assets or the net incurrence of liabilities for each type of financial instrument.

Whereas Directive 78/660/EEC fn, as last amended by Directive 90/604/EEC fn, applies to the annual accounts of public and private limited liability companies in particular because those types of company offer no safeguards to third parties beyond the amounts of their net assets;

A large part of total volume changes in net worth probably consists of increases in fixed assets.

The difference between assets and liabilities is the net worth at the end of the accounting period.

(a) Net liabilities arising from balances of TARGET accounts and correspondent accounts of NCBs i.e. the net figure of claims and liabilities (see also asset item 'Other claims within the Eurosystem (net)')

Balance sheets are presented with 'liabilities and net worth' (the difference between assets and liabilities) on the right side and 'assets' on the left.

If the nominal holding gains net of the nominal holding losses on a given asset exceed the neutral holding gains net of the neutral holding losses, there is a real holding gain on the asset for the unit holding it.