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
  • Register(s) of fixed assets, possibly with information on their usage and age.
  • Published document or set of documents related to one or more nonfinancial asset categories above mentioned.
  • Asset management agency, if any.
  • Budget units holding nonfinancial assets.
  • MoF.
  • Treasury.
  • Internal audit units.
  • SAI.


PEFA Handbook Volume 1: The PEFA Assessment Process – Planning, Managing and Using PEFA