pysyvien

Pysyvien is a Finnish accounting term referring to non-current or long-term assets held by a business for use in operations rather than for sale in the ordinary course of business. In Finnish corporate accounting, pysyviä vastaavat (pysyvät) are typically divided into tangible fixed assets, intangible fixed assets, and financial fixed assets.

Tangible fixed assets (aineelliset pysyvät vastaavat) include items such as land, buildings, machinery, and vehicles. Intangible fixed assets (aineettomat pysyvät vastaavat) cover rights and non-physical items like patents, licenses, and software. Financial fixed assets (rahoitusomaisuus or pysyvät sijoitukset) consist of long-term investments such as shares in subsidiaries or other long-term financial instruments.

Recognition and measurement zasad: Pysyvät vastaavat are recognized when it is probable that future economic benefits will flow to the entity and the cost can be measured reliably. They are initialy measured at cost. In subsequent periods they are depreciated or amortized to reflect the consumption of their economic benefits. Finnish accounting practice allows a cost model for most assets, and, for some asset classes, a revaluation model under applicable standards.

Depreciation and impairment: Depreciation (poistot) allocates cost over the asset’s useful life using methods such as straight-line or declining balance. Impairment tests are conducted if there are indications that the carrying amount may not be recoverable; any impairment reduces the carrying amount accordingly.

Presentation and significance: Pysyvät vastaavat are shown on the balance sheet as non-current assets, separately from current assets. Disclosures cover accounting policies, estimated useful lives, depreciation methods, and any revaluations or impairment losses, providing context for the asset base of the company.