6549.0 - Household Income, Consumption, Saving and Wealth, A Provisional Framework, 1995  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 06/06/1995   
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Contents >> Chapter 14. Net acquisition of non-financial assets

Definition

14.1. Net acquisition of non-financial assets is defined as the acquisition (through purchase or transfer) minus the disposal (through sale or transfer) of non-financial assets held by the household and unincorporated enterprises owned by households. Non-financial assets are defined as all assets other than those defined as financial assets in Chapter 12, Wealth / Net worth.

14.2. The term 'net' refers to the fact that the acquisition is net of disposals. However, it is 'gross' in the sense that deductions have not been made for the consumption of existing assets during the production process. (This depreciation is netted from the value of the services provided to the household in the form of non-cash income, and from the income of unincorporated enterprises owned by households.)

14.3. Net acquisition of non-financial assets includes the value of indirect taxes and this value may need to be separately identified for some analyses (see Consumption in Chapter 4).

Classification

14.4. Net acquisition of non-financial assets is classified according to the nature of the assets acquired:

      • owner-occupied dwelling (including land)
      • other buildings and land
      • household consumer durables
      • plant, machinery and stocks (of unincorporated enterprises)
      • valuables (precious metals and stones/jewelry, antiques, art objects, etc.)
      • intangible non-produced assets (patents, purchased goodwill, etc.)
      • other.





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