Financial assets

Long-term receivables held by the company, primarily shares, bonds and participations (all types of securities, bank balances, and insurance contracts; they are long-term non-production investments). – In the case of public corporations, those assets which serve promotional purposes, i.e. which can be realized without impairing a specific public-law obligation, and which are to be managed in accordance with commercial principles, such as a swimming pool. This contrasts with administrative property, which serves the fulfillment of public-law tasks or is permanently tied to a public-law purpose, such as official buildings. – For private households, in the statistics of the Household Finance and Consumption Survey, the items – savings and checking accounts, building society savings, – debt securities, shares, derivatives and certificates, – assets from private pension and life insurance policies, – equity holdings and – assets under management. – From the point of view of corporate accounting and reporting (here the list is based on SFAS 140, adapted from IAS/IFRS), these are essentially – cash and cash equivalents, – ownership rights in companies such as shares, preferred stock or call options, – contracts under which one party has an obligation to transfer cash or another financial instrument to another party, and the other party has a right to receive cash or other financial instruments, such as accounts receivable, bills of exchange, loans and advances, and – other financial instruments.Contracts under which one party has an obligation to exchange financial instruments with another party at risk, or the other party has a right to exchange financial instruments with the party on potentially favorable terms, such as options, forward contracts or interest rate swaps. – Colloquially also often equated with funds and with wealth. – Cf. Deutsche Bundesbank Monthly Report of January 2012, p. 32 (financial assets of households broken down by HFCS), ECB Annual Report 2010, pp. 68 et seq. (government financial assets in the euro area; overviews), ECB Monthly Report of April 2013, pp. 85 et seq. (detailed and in-depth presentation of the Eurosystem household survey; overviews; literature references; key findings), Deutsche Bundesbank Monthly Report of June 2013, p. 41. (real assets of households broken down).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
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