The purchase of assets and the receipt of related grants can cause major movements in the cash flow of an enterprise.

(f) possesses a return ticket, or sufficient funds to purchase such a ticket;

organization, control, operation, maintenance and disposition of companies, branches, agencies, offices, factories or other facilities for conduct of business; acquisition, use, protection and disposition of property of all kinds, including intellectual property; borrowing of funds; purchase, issuance and sale of equity shares and other securities; and purchase of foreign exchange for imports.

this is called deductible VAT on purchases of capital goods;

VAT invoiced to the producer on purchases of fixed capital goods:

this is the difference between the VAT invoiced by the producer and the total VAT invoiced to the producer on his intermediate consumption purchases and on his purchases of capital goods (a-b-c).

The building shall not have received, within the previous 10 years, a national or Community grant which would give rise to a duplication of aid in the event of co-financing of the purchase by the Structural Funds.

payments for the use of non-produced intangible assets such as patented assets, trade marks, copyright, milk quotas or other production rights, etc. Purchases of these non-produced intangible assets, on the other hand, are recorded in the capital account;

This purchasing technique allows the contracting entity, through the establishment of a list of tenderers already selected and the opportunity given to new tenderers to join, to have a particularly broad range of tenders, as a result of the electronic facilities available, and hence to ensure optimum use of funds through broad competition.

purchases of goods and services for maintenance (i.e. regular replacement of individual damaged or broken parts) and repairs required to keep capital goods in usable condition (cf. 2.127 to 2.129),

financial leasing payments made for the use of fixed assets for agriculture do not constitute purchases of services but transactions to be entered partly under interest (in the entrepreneurial income account) and partly as reimbursement of the capital (in the financial account) (cf. 2.122);

purchases of services connected with the acquisition of ownership of land, buildings and other existing fixed capital goods, such as fees for intermediaries, solicitors, surveyors, engineers, etc. as well as fees for entries in the land register (cf. ESA 95, 3.111).

VAT invoiced on products sold, or otherwise disposed of, is ignored in the EAA and should not appear in any output price used for evaluating final output, while deductible VAT paid on purchases of items of intermediate consumption and fixed capital goods is also excluded from the relevant prices when calculating expenditures for the EAA.

Acquisitions of intangible fixed assets

this is called deductible VAT on purchases of capital goods;

(c) VAT invoiced to the producer on purchases of fixed capital goods:

the sale or purchase of financial assets or non-produced assets, like land and patents.

the purchase of fixed assets to be used under an operational leasing contract (see also Annex II 'Leasing and hire purchase of durable goods');

items treated as acquisitions of a non-produced assets, in particular the purchase of land;

Total expenditure on purchases, major repairs and the production of fixed assets during the accounting year.

Liabilities under repo transactions; usually investment transactions using foreign currency assets or gold

Purchases of recreational vehicles such as camper vans, caravans, trailers, aeroplanes and boats are covered by (09.1.4).

the undertaking's practice in taking account, when purchasing means of transport, of any special requirements in connection with the dangerous goods being transported,

Purchases of recreational vehicles such as camper vans, caravans, trailers, aeroplanes and boats are covered by (09.2.1).

It is considered that benefits in the form of savings of direct taxes are generally not considered to be linked to the purchase of fixed assets.

taxes on financial and capital transactions, payable on the purchase or sale of non-financial and financial assets, including foreign exchange.

It is normal practice that subsidies which are contingent upon export performance, are allocated over export sales regardless of whether they are granted for the purchase of fixed assets or not.

payments for the use of intangible non-produced assets like patented assets, trademarks, etc. (excluding payments for the purchase of such property rights:

Benefits related to direct taxes are linked rather to the reduction in direct tax liability than to the purchase of fixed assets, since such a direct tax liability normally exists whether or not fixed assets are purchased.

The building shall not have received, within the previous 10 years, a national or Community grant which would give rise to a duplication of aid in the event of co-financing of the purchase by the Structural Funds.

Moreover, even if the merger or takeover were effectuated through the acquisition of assets, the liabilities of the acquired enterprise could nevertheless bind the acquiring firm in certain circumstances.

In ESA 95 sales and purchases of licenses for the use of intangible non-produced assets (patents, trade marks, copyrights, etc.) are recorded under output and consumption respectively.

(n) payments for the use of non- produced intangible assets such as patented assets, trade marks, copyright, milk quotas or other production rights, etc. Purchases of these non- produced intangible assets, on the other hand, are recorded in the capital account;

Repo transactions with credit institutions in connection with simultaneous reverse repo transactions for the management of security portfolios under asset item 'Other financial assets'.

The GOT claimed furthermore, that since the subsidy is linked to the purchase of fixed assets, it should be calculated by spreading the subsidy over the normal depreciation period of the assets in the industry concerned.

Repo transactions in connection with simultaneous reverse repo transactions for the management of security portfolios under asset item 'Securities of euro area residents denominated in euro'.

- purchases of goods and services for maintenance (i.e. regular replacement of individual damaged or broken parts) and repairs required to keep capital goods in usable condition (cf. 2.127 to 2.129),

For these reasons the amount of KDB financing for purchasing Hynix bonds is determined to constitute the subsidy. (76) As regards the treatment of loans as grants, the situation has to be assessed from the point of view of the granting authority at the time of the measures.

For all categories of subsidies mentioned in Article 6, i.e. provision of equity, loans, loan guarantees and goods and services or purchase of goods, the benchmark for determining the benefit is the equivalent cost of funds on the commercial market.

A reverse transaction conducted under a repurchase agreement shall be recorded as a collateralised inward deposit on the liabilities side of the balance sheet, while the item that has been given as collateral remains on the assets side of the balance sheet.

(d) financial leasing payments made for the use of fixed assets for agriculture do not constitute purchases of services but transactions to be entered partly under interest (in the entrepreneurial income account) and partly as reimbursement of the capital (in the financial account) (cf. 2.122);

(f) purchases of services connected with the acquisition of ownership of land, buildings and other existing fixed capital goods, such as fees for intermediaries, solicitors, surveyors, engineers, etc. as well as fees for entries in the land register (cf. ESA 95, 3.111).

A reverse sale and repurchase agreement (reverse repo) is a contract under which a holder of cash agrees to the purchase of an asset and, simultaneously, agrees to re-sell the asset for an agreed price on demand, or after a stated time, or in the event of a particular contingency.

The second stage shall be to multiply the off-balance-sheet values, adjusted as described above, by the weightings attributable to the relevant counterparties in accordance with the treatment of asset items prescribed in paragraph 1 and Article 44. In the case of asset sale and repurchase agreements and outright forward purchases, the weightings shall be those attaching to the assets in question and not to the counterparties to the transactions.

For farmers subject to the standard system there is no accounting difficulty; VAT invoiced on products sold, or otherwise disposed of, is ignored in the EAA and should not appear in any output price used for evaluating final output, while deductible VAT paid on purchases of items of intermediate consumption and fixed capital goods is also excluded from the relevant prices when calculating expenditures for the EAA.

The purchase of intangible assets

This item is intended to cover new purchases of vehicles.

PURCHASE, LEASE OF EQUIPMENT AND INTANGIBLE ASSETS

purchases or sales of property and other assets,

major purchases and disposals of assets, or expropriation of major assets by government;