Infrastructure Value above as measured by reported net tangible fixed assets.

Expenditure is then either written off or transferred to tangible fixed assets.

Details of changes in tangible fixed assets during the year are set out in note 10 to the financial statements.

During 1992 the Group completed a number of acquisitions and invested further on additions to tangible fixed assets.

Changes in tangible fixed assets during the year are set out in Note 13 to the Group Accounts.

As the economy slid into its deepest recession of the postwar years, tangible fixed assets climbed more than 60 percent, according to Ms. Matsui.

Tangible fixed assets:

Depreciation is provided to write off the cost or valuation, less estimated residual values, of all tangible fixed assets, except freehold lane, over their expected useful lives.

The cost of assets held under finance leases is included under tangible fixed assets and the capital element of future lease payments is included in creditors.

Expenditure incurred on tangible fixed assets is directed mainly towards enhancement of the range of services offered by the Group, improving communications and increasing emphasis on health and safety in the workplace.

Plant, machinery and other tangible fixed assets, whether owned or acquired under finance leases, are to be valued at net book value as included in the audited balance sheet as at 31 December 1989.

The main point that the Review Panel took issue with was Trafalgar's decision to revalue and transfer a number of commercial properties from developments for sale, part of current assets, to tangible fixed assets.

In contrary to the Forbes Global 2000 ranking, the Bentley Infrastructure 500 ranks companies according to their reported tangible fixed assets (or other comparable noncurrent physical assets such as buildings or fixed structures, land, and machinery) - and is a direct measure of the infrastructure owned and operated by an organization.