FIXED ASSETS - Institute of National Affairs
Transcript of FIXED ASSETS - Institute of National Affairs
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FIXED
ASSETSGovernment Expenditure on Fixed Assets and the need for
proper Fixed Assets Management System
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Office Equipment, Furniture & Fittings
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MOTOR VEHICLES
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LAND & BUILDINGS
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PLANT EQUIPMENT & MACHINERY
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MARINE VESSELS
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K1.7 Billion
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But the Auditor General’s
reports shows asset
registers are non-existent
or not maintained.
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Why a Fixed Assets Management System
• Public Finance Management Act
• Finance Management Manual Part 29 – Stock Card
• Finance Management Manual Part 32 – Asset Management
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• Facebook went into uproar
• Not lack of Funding
• Hiring Vehicles is not bad
To improve systems and processes so that
Government can provide cost effective
services
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FixedAssets Pro provides a
comprehensive asset register
solution that ensures critical
equipment is in place and
working; assets don’t go missing,
and they are ready to be used.
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FixedAssets Pro can save
the Government millions
of kina simply by
tracking and maintaining
equipment.
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FixedAssets Pro ensures
critical life-saving
equipment is always
working – even in the
remotest parts of Papua
New Guinea.