Series 50: Statement Of Net Assets

Statement of Net Assets

The statement of net assets summarizes a government’s total assets and liabilities in order to determine its net assets. Net assets are the assets that are left over after a government takes care of its liabilities. Studying the net assets of a government over a period of several years can give a sense of whether the government is financially healthy or not.

Assets are presented on the statement with the most liquid first, which means that the list of assets begins with cash and ends with assets that are meant to be held for the long-term, like property. Depreciation is factored into the value o