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For more information on this release:
E-mail: capform@cso.ie Kieran Culhane 01 4984361
For general information on CSO statistics:
information@cso.ie (+353) 21 453 5000 On-line ISSN
CSO statistical release, , 11am

Estimates of the Capital Stock of Fixed Assets

2012

Net capital stock of fixed assets 
End of year Current PricesConstant 2011 Prices
  €billion
2009372.1354.0
2010354.6356.1
2011356.9356.9
2012366.3357.5

Net stock of fixed assets increases in value

Net Capital stock line graph
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The value of the stock of produced fixed assets, which largely comprises buildings, transport equipment and other machinery and equipment, increased in value in 2012 following three years of continuous decline during 2008 to 2010 and little change in 2011. Allowing for depreciation, the net stock of these assets increased by 2.6 % between 2011 and 2012, following a decline of 23% between the year 2007 and the year 2011. The graph in figure 1 displays how the level of capital investment in the earlier years far exceeded the depreciation in the stock of assets whereas in recent years the level of investment just compensates for the depreciation in the stock of assets.  

‌ 

X-axis labelOther AssetsOther Machinery and EquipmentTransport EquipmentOther Buildings and StructuresDwellings
20073.9738840417764926.725483053860920.0441841865791124.284843304117285.680957897738
20084.2316755198850127.023140050458720.9822516021161121.6134358149248.484372608762
20094.2179598345981327.250974849143121.8936714630732110.632063927083207.80272642521
20104.4798885948572926.722523574072321.5286606057243103.258265669597198.526040871779
20114.6671146881395526.655839644513320.6276665412916103.889609553816200.639917273159
20125.1312975295555527.269236706187220.8708642814022108.015528774356204.516312793669

The increase in the net stock of assets in 2012 reflects an increase in the value of dwellings and of other buildings and structures during that year. Dwellings account for 56% of the value of the total fixed capital assets in 2012. The value of the net stock of dwellings has declined by 28% since its peak in 2007 (see table 3). There was a small increase in constant prices in the total net stock of capital assets at end 2012 compared to those at end 2011. In other words most of the increase in the value of assets referred to earlier was due to price increases rather than due to a net increase in the acquisition of assets. 

Almost all industrial and service sectors with the exception of Mining and Quarrying, Construction and Accomodation and Food Services recorded an increase in the current value of their fixed assets or at worst showed no change in this value between end 2011 and end 2012. In volume terms there was little difference for any sector in the net stock of assets between end 2011 and end 2012. (See tables 1 and 2).

X-axis labelOther AssetsOther Machinery and EquipmentTransport EquipmentOther Buildings and StructuresDwellings
20071.180180343229653.205263075334483.60230229054984.856945877200466.39142101095355
20081.272581687432843.301815417478563.881049702585774.786601425685244.93649985223539
20091.283117458357813.469566614293964.049133662467714.429687506288353.71268563917787
20101.335445903664643.407251016779033.882214634830084.151895677770933.4699616034472
20111.386721713780913.45121539258843.71842053323244.213731193578513.49260971573067
20121.453996037285513.543134688943653.608697001759284.281636090570743.49145538311459

Capital consumption increases in value in 2012

 Consumption of fixed capital (often termed depreciation) increased marginally in value from €16.26 billion in 2011 to €16.38 billion in 2012. This follows substantial declines from a peak of €19.2 billion in 2007, in the three years 2008 to 2010. The increases took place mainly in the categories “Other building and Structures (excl. dwellings)” and in “Other Machinery and Equipment (excl. transport equipment)”. Price increases were mainly responsible for the higher values in the depreciation of these assets.   

Table 1 Net Capital Stock held at end of year by type of industry at current market prices  € million
Nace Rev 2 Section20022003200420052006200720082009201020112012
Agriculture, Forestry and FishingA8,3107,8818,0107,7598,1418,5719,9489,0858,5348,8259,442
Mining and QuarryingB1,9381,9361,8951,9462,1352,2802,2962,2072,0101,9041,822
ManufacturingC23,86722,94323,06424,45625,63025,74224,43421,97220,74720,68521,147
Electricity, Gas, Steam and Air Conditioning SupplyD7,1787,9779,11310,28211,40212,07712,10511,77611,52011,54312,197
Water supply; sewerage, waste management and remediation activitiesE5,7286,2186,5626,9097,2897,6987,3257,0476,7006,8397,081
ConstructionF2,4712,4642,6823,1123,6014,0263,8263,4312,9652,6032,385
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG6,3486,5657,0967,7228,6939,3929,4218,5227,9378,4238,521
Transportation and StorageH11,33412,04813,37315,02016,06418,27919,48821,27021,62521,76922,898
Accommodation and Food Service ActivitiesI4,5904,4634,5344,7134,9635,0004,9034,2523,9593,8753,839
Information and CommunicationJ5,5995,8345,9566,1126,3866,8946,9346,7036,7647,4487,876
Financial and Insurance ActivitiesK5,0784,9465,0955,4516,1386,7746,6705,9275,5165,4175,643
Real Estate ActivitiesL160,018191,795226,560252,994291,690293,627256,073213,753203,259204,214208,207
of which: Dwellings 158,350190,018223,809248,782285,551285,681248,484207,803198,526200,640204,516
Professional, Scientific and Technical ActivitiesM2,4482,4662,5782,6822,7992,9052,7622,4302,2522,1182,206
Administrative and Support Service ActivitiesN1,6411,6661,7281,8451,6981,7731,9951,9521,7971,7431,805
Public Administration and Defence; Compulsory Social SecurityO23,88126,02728,86231,97435,29338,89538,21936,88434,81635,04936,229
of which: Roads 15,85117,53519,64821,87124,06726,63226,43826,54825,10525,33726,176
EducationP5,8466,1026,7527,3537,9718,3517,8176,7866,4256,5256,745
Human Health and Social Work ActivitiesQ4,4744,7295,2145,5685,7516,0735,8135,3145,1315,2985,631
Arts, Entertainment and RecreationR1,3601,4011,5251,6821,9342,1972,3822,3512,2852,2332,226
Other Service ActivitiesS346376431452478489461418383369364
             
Total 282,456317,835361,029398,031448,056461,042422,872372,079354,623356,879366,263
Open in Excel: Estimates of Capital Stock of Fixed Assets 2012 Table 1 (XLS 23KB)
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Table 2 Net Capital Stock held at end of year by type of industry at constant market prices (base 2011)€ million
Nace Rev 2 Section 20022003200420052006200720082009201020112012
Agriculture, Forestry and FishingA8,3308,2458,1797,9638,0828,4879,4399,2128,9198,8258,992
Mining and QuarryingB1,6421,7261,6731,6871,8231,9572,0732,1192,0111,9041,774
ManufacturingC19,17019,70319,87220,71021,29021,56421,74921,25520,74220,68520,599
Electricity, Gas, Steam and Air Conditioning SupplyD6,7467,55513,8229,2259,89910,24910,68611,09711,52911,54311,815
Water supply; sewerage, waste management and remediation activitiesE4,5124,7925,0135,2265,4595,7666,0886,4906,6946,8396,881
ConstructionF2,1762,3182,5712,9383,3373,7243,6423,2952,9232,6032,326
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG5,3155,6465,9866,4007,0667,6488,1008,0797,9058,4238,279
Transportation and StorageH10,61711,29916,60613,67914,32616,19017,67520,11521,34521,76922,454
Accommodation and Food Service ActivitiesI3,5593,6143,6133,6783,7903,8614,0874,0243,9543,8753,728
Information and CommunicationJ5,4085,4385,4585,4945,6496,0496,2986,3176,7517,4487,575
Financial and Insurance ActivitiesK4,0754,0394,0634,3014,7235,2195,5165,6065,5135,4175,469
Real Estate ActivitiesL138,112146,450156,364168,342180,738192,102200,655204,339204,846204,214203,967
of which: Dwellings 136,847145,062154,300165,310176,495186,622194,875198,859200,119200,640200,381
Professional, Scientific and Technical ActivitiesM2,0002,1042,1822,2542,3322,4412,4492,3342,2482,1182,142
Administrative and Support Service ActivitiesN1,5701,6081,6691,7891,6371,7171,9561,8961,7731,7431,765
Public Administration and Defence; Compulsory Social SecurityO21,52623,04724,64426,21027,85229,97032,33533,96534,77435,04935,212
of which: Roads 15,34216,47817,75318,91220,01021,39323,08424,40025,08125,33725,444
EducationP4,5114,7254,9575,2045,4445,7176,0516,2606,4176,5256,549
Human Health and Social Work ActivitiesQ3,4403,6954,0674,2024,2294,5074,7614,9615,1205,2985,467
Arts, Entertainment and RecreationR1,0681,1441,2281,3491,5221,7402,0012,2152,2772,2332,170
Other Service ActivitiesS298338393406421430422405381369354
             
Total 244,074257,486282,360291,055309,619329,339345,984353,987356,122356,879357,519
Open in Excel: Estimates of Capital Stock of Fixed Assets 2012 Table 2 (XLS 30KB)
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Table 3 Net Capital Stock held at end of year by asset type at current market prices€ million
Asset Category20022003200420052006200720082009201020112012
Dwellings, excluding land158,350190,018223,809248,782285,551285,681248,484207,803198,526200,640204,516
Other buildings and structures82,67886,80195,192104,434114,707124,285121,613110,632103,258103,890108,016
of which: Roads15,85117,53519,64821,87124,06726,63226,43826,54825,10525,33726,176
Transport equipment13,05413,52314,57516,47717,87020,04420,98221,89421,52920,62820,871
Other machinery and equipment24,76923,65623,41024,59225,82726,72527,02327,25126,72326,65627,269
of which: Office machinery and hardware1,6041,5941,6221,5541,6971,8101,8032,0412,1512,5842,562
Cultivated assets1,8901,9342,0911,7591,9141,8652,1581,8841,8802,2812,608
Intangible fixed assets1,7161,9031,9531,9882,1872,4422,6112,6152,7082,7862,984
of which: Computer software1,0241,1061,2021,2711,3501,5321,6211,6031,7721,8812,148
            
Total282,456317,835361,029398,031448,056461,042422,872372,079354,623356,879366,263
Open in Excel: Estimates of Capital Stock of Fixed Assets 2012 Table 3 (XLS 33KB)
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Table 4 Net Capital Stock held at end of year by asset type at constant market prices (base 2011)€ million
Asset Category20022003200420052006200720082009201020112012
Dwellings, excluding land136,847145,062154,300165,310176,495186,622194,875198,859200,119200,640200,381
Other buildings and structures68,84172,51886,26080,89485,52891,41097,817101,682103,158103,890105,001
of which: Roads15,34216,47817,75318,91220,01021,39323,08424,40025,08125,33725,444
Transport equipment13,29013,61514,57716,39017,66519,70820,56021,12021,11820,62820,621
Other machinery and equipment20,61221,69722,66624,09025,36226,87927,87027,38626,76626,65626,276
of which: Office machinery and hardware7997859121,0431,3121,6481,8211,9532,1512,5842,355
Cultivated assets2,5692,5672,5452,3692,4092,3812,3832,3282,2612,2812,356
Intangible fixed assets1,9142,0272,0112,0022,1602,3382,4792,6112,7002,7862,884
of which: Computer software1,2731,2951,3421,3711,4411,5721,6271,6781,7721,8812,063
            
Total244,074257,486282,360291,055309,619329,339345,984353,987356,122356,879357,519
    
Open in Excel: Estimates of Capital Stock of Fixed Assets 2012 Table 4 (XLS 25KB)
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Table 5 Gross Capital Stock held at end of year by type of industry at current market prices€ million
Nace Rev 2 Section20022003200420052006200720082009201020112012
Agriculture, Forestry and FishingA16,25415,34215,50315,40215,95416,36017,76916,64515,87116,21517,096
Mining and QuarryingB4,2974,2844,3414,4864,7614,9524,8954,7194,5274,5164,541
ManufacturingC45,27543,65544,38346,87349,25849,95948,03044,42143,02943,34344,725
Electricity, Gas, Steam and Air Conditioning SupplyD11,84812,89914,51516,31518,16419,61320,00219,79619,63720,22721,736
Water supply; sewerage, waste management and remediation activitiesE7,9858,6879,2329,79710,40811,02710,53210,1429,74910,07810,614
ConstructionF5,0074,9545,2445,8486,5577,2107,1957,0326,6036,2066,036
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG10,86711,41312,46613,65015,21216,42316,66415,74515,21915,87716,350
Transportation and StorageH19,40220,86923,18225,97628,28031,76033,91736,61837,85739,15341,981
Accommodation and Food Service ActivitiesI7,6787,6878,0868,6299,2679,5659,3928,4448,1368,2138,448
Information and CommunicationJ11,68511,86412,24012,61813,07613,77113,77413,49013,41014,34215,371
Financial and Insurance ActivitiesK9,2039,1629,58910,22911,23012,11511,96710,95510,57510,67611,261
Real Estate ActivitiesL204,901244,369286,866318,348365,304366,024318,681266,964255,742259,166266,404
of which: Dwellings 202,298241,617283,016312,859357,637356,273309,152259,136249,073253,507260,436
Professional, Scientific and Technical ActivitiesM4,4994,6094,8965,1835,4675,6845,5295,1304,9294,8054,957
Administrative and Support Service ActivitiesN3,3873,5263,7193,9693,9214,0564,3444,4124,2664,1734,261
Public Administration and Defence; Compulsory Social SecurityO34,02036,73340,36144,42348,75453,37652,25350,79848,32149,17151,398
of which: Roads 23,96826,09328,80931,77934,77538,19637,58937,66535,82036,61038,370
EducationP11,00411,39112,49213,48014,51015,08013,96812,13811,54311,79012,326
Human Health and Social Work ActivitiesQ7,9798,3809,0719,75410,24610,74010,2929,5239,2609,54210,122
Arts, Entertainment and RecreationR2,7682,8042,9833,2193,6033,9924,2464,2064,1904,2394,376
Other Service ActivitiesS677715796850911950934897867859868
             
Total 418,736463,341519,964569,050634,882652,658604,383542,076523,729532,591552,870
Open in Excel: Estimates of Capital Stock of Fixed Assets 2012 Table 5 (XLS 29KB)
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Table 6 Gross Capital Stock held at end of year by type of industry at constant market prices (base 2011)€ million
Nace Rev 2 Section20022003200420052006200720082009201020112012
Agriculture, Forestry and FishingA15,69015,59215,51815,04015,14815,56616,59416,47616,25816,21516,425
Mining and QuarryingB3,6793,8263,8323,8654,0074,1624,3384,5024,5264,5164,421
ManufacturingC36,54437,70738,48939,93541,14642,07642,92243,02843,00543,34343,568
Electricity, Gas, Steam and Air Conditioning SupplyD11,10212,22813,48114,70415,85816,72717,70018,66019,65120,22721,054
Water supply; sewerage, waste management and remediation activitiesE6,2936,7067,0677,4267,8118,2778,7679,3499,74110,07810,314
ConstructionF4,4234,6775,0605,5846,1786,7946,9406,7676,4966,2065,893
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG9,29410,01610,77511,62312,74413,79914,71215,05115,14215,87715,906
Transportation and StorageH18,07219,50821,36923,59125,24828,19830,88434,65737,32439,15341,164
Accommodation and Food Service ActivitiesI5,9476,2216,4436,7327,0737,3757,8357,9948,1238,2138,205
Information and CommunicationJ10,82111,03911,21311,37411,64112,16512,57712,76413,38814,34214,787
Financial and Insurance ActivitiesK7,5227,7397,9298,2618,8659,58010,12010,45010,57110,67610,916
Real Estate ActivitiesL176,735186,524197,925211,665226,027239,130249,446255,077257,645259,166261,023
of which: Dwellings 174,748184,357195,012207,680220,683232,354242,146247,859250,986253,507255,226
Professional, Scientific and Technical ActivitiesM3,7123,9744,2054,4194,6304,8684,9914,9584,9194,8054,809
Administrative and Support Service ActivitiesN3,2633,4303,6183,8653,8113,9554,2734,2944,2074,1734,171
Public Administration and Defence; Compulsory Social SecurityO31,05332,89934,86936,85638,97041,62244,59046,84648,25349,17149,947
of which: Roads 23,19924,52026,03127,47828,91230,68332,82134,61835,78536,61037,297
EducationP8,5008,8359,1899,5649,93810,35510,84111,21011,52611,79011,964
Human Health and Social Work ActivitiesQ6,1486,5917,1557,4827,6908,1458,5768,9409,2389,5429,826
Arts, Entertainment and RecreationR2,1602,2852,4312,6202,8843,2193,6183,9754,1684,2394,271
Other Service ActivitiesS582645728770814852869873863859845
             
Total 361,541380,442401,296425,377450,483476,863500,594515,871525,046532,591539,509
Open in Excel: Estimates of Capital Stock of Fixed Assets 2012 Table 6 (XLS 29KB)
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Table 7 Gross Capital Stock held at end of year by asset type at current market prices€ million
Asset Category20022003200420052006200720082009201020112012
Dwellings, excluding land202,298241,617283,016312,859357,637356,273309,152259,136249,073253,507260,436
Other buildings and structures135,672141,245153,822167,711183,043196,350190,857173,759163,876167,065175,717
of which: Roads23,96826,09328,80931,77934,77538,19637,58937,66535,82036,61038,370
Transport equipment25,24227,21629,74433,18236,22240,12142,77845,58646,08745,58746,715
Other machinery and equipment49,21546,38146,00348,03450,23251,72052,72754,95655,69556,74859,440
of which: Office machinery and hardware3,9533,5213,5223,4303,5053,5663,6404,2694,5825,3605,924
Cultivated assets1,8901,9342,0911,7591,9141,8652,1581,8841,8802,2812,608
Intangible fixed assets4,4194,9485,2885,5045,8346,3286,7116,7557,1187,4047,954
of which: Computer software2,5602,9153,2283,4463,6053,9664,2304,2304,6604,9135,487
            
Total418,736463,341519,964569,050634,882652,658604,383542,076523,729532,591552,870
Open in Excel: Estimates of Capital Stock of Fixed Assets 2012 Table 7 (XLS 25KB)
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Table 8 Gross Capital Stock held at end of year by asset type at constant market prices (base 2011)€ million
Asset Category20022003200420052006200720082009201020112012
Dwellings, excluding land174,748184,357195,012207,680220,683232,354242,146247,859250,986253,507255,226
Other buildings and structures112,934118,095123,870129,905136,504144,544153,339159,703163,717167,065170,801
of which: Roads23,19924,52026,03127,47828,91230,68332,82134,61835,78536,61037,297
Transport equipment25,75827,45529,80333,08235,89139,52741,98744,02345,20645,58746,149
Other machinery and equipment40,41842,47544,37946,80849,23352,00054,35755,20355,77956,74857,285
of which: Office machinery and hardware1,7141,8792,1192,3012,7093,2483,6764,0874,5825,3605,444
Cultivated assets2,5692,5672,5452,3692,4092,3812,3832,3282,2612,2812,356
Intangible fixed assets4,8855,2585,4445,5345,7626,0566,3826,7557,0987,4047,692
of which: Computer software3,1843,4133,6033,7173,8484,0694,2474,4294,6604,9135,271
            
Total361,312380,207401,052425,377450,483476,863500,594515,871525,046532,591539,509
Open in Excel: Estimates of Capital Stock of Fixed Assets 2012 Table 8 (XLS 25KB)
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Table 9 Consumption of Fixed Capital by type of industry at current market prices€ million
Nace Rev 2 Section20022003200420052006200720082009201020112012
Agriculture, Forestry and FishingA762711704720742771837843779762766
Mining and QuarryingB323346357337350392414435420404377
ManufacturingC1,7731,7151,7221,7871,8931,9461,9111,8511,7361,7081,697
Electricity, Gas, Steam and Air Conditioning SupplyD426481560643727795791768746779797
Water supply; sewerage, waste management and remediation activitiesE166181191202212223213206200206211
ConstructionF360359377415474530555518445388348
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG6857207808359101,0121,0601,044975958965
Transportation and StorageH1,0841,1811,2821,4671,6121,7951,9872,2062,3342,3712,415
Accommodation and Food Service ActivitiesI408401414430453468460431408401395
Information and CommunicationJ6976666626676827327687907988941,009
Financial and Insurance ActivitiesK516507513536590654678667665694736
Real Estate ActivitiesL3,3594,1724,9365,8077,1116,7105,2683,9913,7033,6883,666
of which: Dwellings 3,2624,0754,8145,6336,8666,3914,9363,7133,4703,4933,491
Professional, Scientific and Technical ActivitiesM306303316326337348345326306293278
Administrative and Support Service ActivitiesN333342355373383356387418399369359
Public Administration and Defence; Compulsory Social SecurityO8118779601,0581,1611,2701,2681,2701,2001,2021,199
of which: Roads 518574642720794874864879838860875
EducationP287300329359390409390356342350360
Human Health and Social Work ActivitiesQ353368382406417425420402381388403
Arts, Entertainment and RecreationR242239251267301337362361353354345
Other Service ActivitiesS4850566062656461565352
             
Total 12,93913,91815,14616,69618,80719,23618,17916,94416,24716,26316,379
Open in Excel: Estimates of Capital Stock of Fixed Assets 2012 Table 9 (XLS 23KB)
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Table 10 Consumption of Fixed Capital by type of industry at constant market prices (base 2011)€ million
Nace Rev 2 Section20022003200420052006200720082009201020112012
Agriculture, Forestry and FishingA689685683688696726788817779762745
Mining and QuarryingB306330332304307336367408419404367
ManufacturingC1,5001,5491,5791,6271,7101,7791,8131,8211,7321,7081,651
Electricity, Gas, Steam and Air Conditioning SupplyD400457523583643688709729746779770
Water supply; sewerage, waste management and remediation activitiesE131140148154160169178190200206205
ConstructionF329343367401453506538498437388340
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG6346787327808489461,0141,017968958936
Transportation and StorageH1,0451,1401,2301,3971,5211,6881,8872,1072,2922,3712,370
Accommodation and Food Service ActivitiesI324335345355370388407414407401384
Information and CommunicationJ608596594600621679741766796894960
Financial and Insurance ActivitiesK466471473489536597638661665694709
Real Estate ActivitiesL2,8163,0943,3073,6664,0534,0213,8243,6863,6453,6883,644
of which: Dwellings 2,7403,0143,2113,5343,8763,7923,5643,4283,4123,4933,475
Professional, Scientific and Technical ActivitiesM263273286297311327334321305293269
Administrative and Support Service ActivitiesN323334345364375350383407393369351
Public Administration and Defence; Compulsory Social SecurityO7568098629189801,0501,1281,1871,1971,2021,164
of which: Roads 502539581622660702755808837860850
EducationP227241253269286303320335342350348
Human Health and Social Work ActivitiesQ293317332347351361379386380388391
Arts, Entertainment and RecreationR189194208226255289320342349354339
Other Service ActivitiesS4246525758616160565350
             
Total 11,34312,03212,65113,52314,53415,26415,83116,15116,10916,26315,994
Open in Excel: Estimates of Capital Stock of Fixed Assets 2012 Table 10 (XLS 23KB)
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Table 11 Consumption of Fixed Capital by asset type at current market prices€ million
Asset Category20022003200420052006200720082009201020112012
Dwellings, excluding land3,2624,0754,8145,6336,8666,3914,9363,7133,4703,4933,491
Other buildings and structures3,2663,4163,7424,1104,5114,8574,7874,4304,1524,2144,282
 of which: Roads518574642720794874864879838860875
Transport equipment2,4192,5762,7112,9713,2783,6023,8814,0493,8823,7183,609
Other machinery and equipment3,1412,9272,8962,9813,0963,2053,3023,4703,4073,4513,543
of which: Office machinery and hardware516444435432437465492566587682760
Cultivated assets00000000000
Intangible fixed assets8519249831,0011,0561,1801,2731,2831,3351,3871,454
of which: Computer software5065495926316617368007958659241,018
            
Total12,93913,91815,14616,69618,80719,23618,17916,94416,24716,26316,379
Open in Excel: Estimates of Capital Stock of Fixed Assets 2012 Table 11 (XLS 19KB)
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Table 12 Consumption of Fixed Capital by asset type at constant market prices (base 2011)€ million
Asset Category20022003200420052006200720082009201020112012
Dwellings, excluding land2,7403,0143,2113,5343,8763,7923,5643,4283,4123,4933,475
Other buildings and structures2,7342,8813,0433,2173,3993,6073,8554,0714,1484,2144,162
of which: Roads502539581622660702755808837860850
Transport equipment2,4682,5972,7162,9623,2493,5503,8113,9123,8083,7183,566
Other machinery and equipment2,4572,5562,6712,8032,9673,1853,3913,4583,4093,4513,386
of which: Office machinery and hardware224237262290337424497542587682698
Cultivated assets00000000000
Intangible fixed assets9449841,0101,0071,0441,1291,2101,2821,3321,3871,406
of which: Computer software629643661681706756803833865924978
            
Total11,34312,03212,65113,52314,53415,26415,83116,15116,10916,26315,994
Open in Excel: Estimates of Capital Stock of Fixed Assets 2012 Table 12 (XLS 21KB)
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Table 13 Net Capital Stock held at end of year by type of industry & asset at current market prices € million
2012          
Nace Rev 2 SectionDwellings, excluding landOther buildings & structuresTransport equipmentOther machinery & equipmentof which: Office machinery & hardwareCultivated assetsIntangible fixed assetsof which: Computer softwareTotal Fixed Assets
Agriculture, Forestry and FishingA04,1435762,11222,608339,442
Mining and QuarryingB0461297862054631,822
ManufacturingC09,8331,2889,706213032132121,147
Electricity, Gas, Steam and Air Conditioning SupplyD09,1141332,84969010010012,197
Water supply; sewerage, waste management and remediation activitiesE06,9472310910117,081
ConstructionF04697221,18010014142,385
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG05,1461,6871,53157601571578,521
Transportation and StorageH08,42713,4689292460747422,898
Accommodation and Food Service ActivitiesI02,409981,322550993,839
Information and CommunicationJ04,9052042,32760804404407,876
Financial and Insurance ActivitiesK03,61465182837405505505,643
Real Estate ActivitiesL204,5163,540539034077208,207
of which: Dwellings 204,516       204,516
Professional, Scientific and Technical ActivitiesM01,2232206388501251252,206
Administrative and Support Service ActivitiesN02891,00445658056561,805
Public Administration and Defence; Compulsory Social SecurityO035,40832138688011511536,229
of which: Roads  26,176      26,176
EducationP06,3303228677097976,745
Human Health and Social Work ActivitiesQ04,2862561,04316046465,631
Arts, Entertainment and RecreationR01,32230559390315232,226
Other Service ActivitiesS01507513310066364
           
Total 204,516108,01620,87127,2692,5622,6082,9842,148366,263
Open in Excel: Estimates of Capital Stock of Fixed Assets 2012 Table 13 (XLS 30KB)
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Table 14 Gross Capital Stock held at end of year by type of industry & asset at current market prices € million
2012 
Nace Rev 2 SectionDwellings, excluding landOther buildings & structuresTransport equipmentOther machinery & equipmentof which: Office machinery & hardwareCultivated assetsIntangible fixed assetsof which: Computer softwareTotal Fixed Assets
Agriculture, Forestry and FishingA08,0991,4874,89552,6087717,096
Mining and QuarryingB01,166871,646601,64174,541
ManufacturingC019,4103,40621,005587090490444,725
Electricity, Gas, Steam and Air Conditioning SupplyD016,2972344,934178027127121,736
Water supply; sewerage, waste management and remediation activitiesE010,32641243303310,614
ConstructionF07712,2302,99727039396,036
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG07,6494,9193,3771,214040540516,350
Transportation and StorageH013,50726,1542,131581018918941,981
Accommodation and Food Service ActivitiesI05,2173342,876119022228,448
Information and CommunicationJ08,9315604,8941,243098798715,371
Financial and Insurance ActivitiesK06,3551,7091,86083001,3371,33711,261
Real Estate ActivitiesL260,4365,6031372036402424266,404
of which: Dwellings 260,436       260,436
Professional, Scientific and Technical ActivitiesM02,1157071,80926503253254,957
Administrative and Support Service ActivitiesN03862,7161,01614301421424,261
Public Administration and Defence; Compulsory Social SecurityO049,1079031,016290037237251,398
of which: Roads  38,370      38,370
EducationP011,35989624206025425412,326
Human Health and Social Work ActivitiesQ06,9436922,36646012212210,122
Arts, Entertainment and RecreationR02,204911,187980895624,376
Other Service ActivitiesS02712203632101414868
           
Total 260,436175,71746,71559,4405,9242,6087,9545,487552,870
Open in Excel: Estimates of Capital Stock of Fixed Assets 2012 Table 14 (XLS 30KB)
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Table 15 Consumption of Fixed Capital by type of industry & asset at current market prices€ million
2012 
Nace Rev 2 SectionDwellings, excluding landOther buildings & structuresTransport equipmentOther machinery & equipmentof which: Office machinery & hardwareCultivated assetsIntangible fixed assetsof which: Computer softwareTotal Fixed Assets
Agriculture, Forestry and FishingA03401223031011766
Mining and QuarryingB016768102871377
ManufacturingC03942858566501611611,697
Electricity, Gas, Steam and Air Conditioning SupplyD0520222032305252797
Water supply; sewerage, waste management and remediation activitiesE0198490011211
ConstructionF0331721363077348
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG018840529615807676965
Transportation and StorageH03111,88717977037372,415
Accommodation and Food Service ActivitiesI01692619615044395
Information and CommunicationJ02474852117301931931,009
Financial and Insurance ActivitiesK01441531911230247247736
Real Estate ActivitiesL3,491143111780443,666
of which: Dwellings 3,491       3,491
Professional, Scientific and Technical ActivitiesM046581122706262278
Administrative and Support Service ActivitiesN016241761702626359
Public Administration and Defence; Compulsory Social SecurityO0988767329062621,199
of which: Roads  875      875
EducationP02557512304747360
Human Health and Social Work ActivitiesQ017060150402222403
Arts, Entertainment and RecreationR09278611016111345
Other Service ActivitiesS0101721303352
           
Total 3,4914,2823,6093,54376001,4541,01816,379
Open in Excel: Estimates of Capital Stock of Fixed Assets 2012 Table 15 (XLS 30KB)
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Background Notes

 

Introduction 

This release belongs to the series which are now published annually providing estimates of the values of the stocks of fixed assets.  Estimates of the values of the stocks of these assets were first published in December 2009 (cf. Estimates of the capital stocks of fixed assets 2008 PmA9/1853). The publication contained estimates for the years 1999 to 2008. This release contains the first set of estimates for 2012.  The capital stocks are estimated using a Perpetual Inventory Method.  In this system the level of stocks are derived from the investment amounts which were made over the preceding years. The annual investments are depreciated by a depreciation function to obtain “net” values (i.e. net of depreciation).  The investments are also revalued in the process to update them from their prices in the historical year in which they were purchased to the year for which estimates are being made.

Fixed assets

The assets covered in these tables relate to Produced Fixed Assets as defined in the European System of Accounts (ESA95).  Produced fixed assets are assets which result from human effort.  They exclude natural assets such as land, mineral deposits etc. They also exclude legal constructs such as patents, leases etc. Produced fixed assets comprise;

  • Dwellings and other buildings and structures (excluding the land on which they are built)
  • Machinery and equipment (including transport equipment)
  • Cultivated assets (e.g. Livestock for breeding such as dairy cattle etc.)
  • Intangible fixed assets (only a limited number of intangibles are recognised in the ESA95 classification i.e. Computer software, Original works of art including musical and literary works, Mineral exploration).

Revisions

Revisions arise as amendments are made to the investment amounts i.e. to Gross Fixed Capital Formation (GFCF) in the national accounts.  Revisions also arise from improved sources or estimation methods.  Data relating to the most recent year are also added to the series.  

Gross/Net 

The two most common valuation methods for fixed capital assets are Gross and Net.  The gross capital stock represents the value of the stock still in use (i.e. not retired or scrapped) and valued at the price of new capital goods.  The term Gross means gross of consumption of fixed capital (the national accounts term for depreciation).  Thus the gross stock of assets ignores decay of assets and considers past investments as new – only retirement is taken into account.  In practice fixed assets normally decline in value over time due to factors such as wear and tear and obsolescence.  Taking this declining value into account together with retirements give rise to the Net value of the stock of assets. Estimates are provided in this release using both valuation concepts.

Prices

The stock of assets is generally valued in current and constant prices. Valuation in current prices implies that all the assets accumulated over the years are valued at the prices obtaining in the year for which the estimates are given.  In the case of the gross stock this is the price of new assets.  In the case of the net stock it is the written down price of assets.  Valuation at constant prices represents the stock of capital assets in the price of the stated reference year (2011 in these tables).

Catastrophic losses

Catastrophic losses arise, generally infrequently, due to exceptional events such as acts of war or unusually severe weather conditions.  Some of the severest weather conditions ever experienced in Ireland in living memory occurred towards the end of 2009 and early in 2010.  Considerable flooding took place in 2009 and estimates have been made by which the stock of assets were reduced in 2009 and 2010 to take account of these disasters.

Depreciation

Consumption of Fixed capital (also known as depreciation) automatically becomes available as a by-product of the calculation of the stock of fixed assets in net and gross terms.  Estimates of the consumption of fixed capital are provided in the release in current and constant terms.

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