Fixed Assets Business Report
What is the value of the business assets from a tax and depreciation point of view? Which asset classes are growing? Does it match organisation strategy?
Can the organisation strategy take better advantage from existing assets?
Are digital assets taking over from physical assets? Can digital sales extend organisation performance?
Can Internet of Things help with monitoring performance of assets in terms of real lifespan? Can IoT help with asset servicing and quality?
In today's digital landscape, organisations are under more pressure than ever to deliver the best results possible.
It is important that any company has a sound strategy in place for their business assets and fixed asset performance management is an essential component of this process.
We're going to explore some of the ways you can improve your fixed asset performance as well as some common pitfalls businesses often encounter when trying to implement a fixed asset management system.
| Description | Opening CostT | Additions T | DisposalsT | Misc Tax | Close CostT | OpenTax Depn | YTD Depn Tax | DisposalsT | Close Tax | WDV |
|---|---|---|---|---|---|---|---|---|---|---|
| 021105 Administration | 440234 | 27654 | 5687 | 0 | 406893 | 260414 | 45675 | 0 | 306089 | 134145 |
| 091005 Workshop | 87362 | 0 | 0 | 0 | 87362 | 67163 | 3180 | 2654 | 72997 | 14365 |
| 091205 Buildings | 869357 | 0 | 0 | 0 | 869357 | 478801 | 53421 | 0 | 532222 | 337135 |
| 211201 Warehouse | 387210 | 0 | 0 | 0 | 387210 | 257350 | 33862 | 0 | 291212 | 95998 |
| 212900 QualityControl | 128345 | 0 | 0 | 0 | 128345 | 11139 | 1185 | 0 | 12324 | 116021 |
| 3370 Sales | 149245 | 48654 | 0 | 0 | 100591 | 7811 | 945 | 324 | 9080 | 140165 |
| 255700 Market Development | 24872 | 5865 | 0 | 0 | 19007 | 16212 | 1397 | 0 | 17609 | 7263 |
| 9800 Head Office | 543987 | 54678 | 17654 | 0 | 471655 | 124598 | 7858 | 0 | 132455 | 411532 |
KEY: T = tax, Depn = depreciation, WDV = write down value
In today's digital landscape, organisations are under more pressure than ever to deliver the best results possible.
It is important that any company has a sound strategy in place for their business assets and fixed asset performance management is an essential component of this process.
We're going to explore some of the ways you can improve your fixed asset performance as well as some common pitfalls businesses often encounter when trying to implement a fixed asset management system.