it is updated and (3) whether the assets have a valuation or are registered only as physical quantities.
12.2:4. Assessors should determine whether the registers are complete and current. Scores above D should only be given where the registers are considered to be complete and current for all material assets covered by the requirements.
12.2:5. If nonfinancial asset management involves a large number of significant entities or is highly decentralized, complete information on the
government’s nonfinancial assets may be impractical to collect. Assessors may consider using a sampling methodology. If sampling is used, they should then explain the reason why and justify the sampling approach adopted. It would be preferable that assessors and government agree on the sampling approach. In case of disagreement, differences of views can be accommodated in an annex as explained in the Framework under Part 3: The PEFA report, paragraph 4.
Table 12.1. Categories of nonfinancial assets
| Categories | Subcategories | Where captured | Comments |
|---|---|---|---|
| Fixed assets | Buildings and structures | ||
| Machinery and equipment | |||
| Other fixed assets | |||
| Inventories | - | ||
| Valuables | - | ||
| Nonproduced assets | Land | ||
| Mineral and energy resources | |||
| Other naturally occurring assets | |||
| Intangible nonproduced assets |
Note: The categories in the table are based on the GFS Manual 2014, but different categories applied by the government may be used.
Dimension 12.2. Timing, coverage and data requirements
| Time period | Coverage | Data requirements/calculation | Data sources |
|---|---|---|---|
| Last completed fiscal year | BCG |
|
|
PEFA Handbook Volume 1: The PEFA Assessment Process – Planning, Managing and Using PEFA
