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For more information on this release:
E-mail: capform@cso.ie Stephen McDonagh 01 4984364 Paul Morrin 01 4984387
For general information on CSO statistics:
information@cso.ie (+353) 21 453 5000 Visit StatCentral.ie, the portal to Ireland's official statistics On-line ISSN
CSO statistical release, 21 October 2016, 11am

Estimates of the Capital Stock of Fixed Assets

2015

Gross capital stock of fixed assets   € billion
End of year201020112012201320142015
Current Prices614.4628.2662.6694.4756.41,087.9
Constant 2014 Prices664.2681.9702.0720.1756.41,052.1

Gross Capital Stock of Fixed Assets exceeds 1 trillion euro at the end of 2015

Estimates of the Capital Stock of Fixed Assets 2015 Figure 1
go to full release

Following corporate restructuring, both through imports of individual assets and also reclassifications of entire balance sheets, combined with an increase in the number of new aircraft imports into Ireland, the gross value of the stock of produced assets was €1,088bn at the end of 2015 - see Table 5.

Allowing for depreciation, the net stock of these assets increased by 89% between 2010 and 2015, following a decline of 20% between the year 2007 and the year 2010 - see Table 1.

The graph in figure 1 displays how the level of capital investment exceeded the depreciation in the stock of assets until 2014. With the aforementioned change in the stock of assets depreciation in 2015 exceeds the level of capital investment.

  

 

Note on 2015 level shiftThis release complements the National Income and Expenditure Annual results (NIE 2015) published on 12 July 2016. The relocated balance sheets were dominated by intellectual property categorised as research and development within  intangible assets. These assets led to the increased consumption of fixed capital shown here and in the NIE 2015. The press statement of 12 July provides further information.

In accordance with the Statistics Act 1993 certain data have had to be suppressed to protect the confidentiality of the contributing companies. Suppression is applied at the lowest level of detail in order to prevent disclosure and in such cases the values are included in the higher aggregates.

X-axis labelOther AssetsOther Machinery and EquipmentResearch and DevelopmentTransport equipmentOther buildings and structuresDwellings
20105272643103198
20115262743104200
20126263147108204
20137273249113210
20146313465121222
2015*3583300132238

* For 2015 the categories Research and Development and Transport Equipment are included with Other Assets for confidentiality reasons

The net stock of assets increased almost 60% in 2015 with additional intellectual property products and aircraft arising from new imports and corporate restructuring. Due to confidentiality constraints and the risk of disclosing individual data the asset categories intangible fixed assets, research and development and transport equipment have been suppressed. Together transport equipment and intangible fixed assets amounted to €356bn at the end of 2015, an increase of €254bn on the 2014 level. These categories now make up 47% of the net stock of assets, compared with 21% in 2014.

Dwellings increased to €238bn at the end of 2015, a €16bn increase. This still leaves the stock of dwellings €47bn below the peak value in 2007 - see Table 3.

All industrial and service sectors with the exception of Mining and Quarrying recorded an increase in the current value of their fixed assets. Some sectors showing notable increases include: Real estate activities (which includes dwellings) +€17bn; Information and communication +€6bn - see Table 1

X-axis labelOther AssetsOther Machinery and EquipmentResearch and DevelopmentTransport equipmentOther buildings and structuresDwellings
2010236743
2011236743
2012137754
2013147754
2014247954
2015*4840064

* For 2015 the categories Research and Development and Transport Equipment are included with Other Assets for confidentiality reasons

Consumption of fixed capital, often termed depreciation, has almost doubled as a result of the additional assets, from €31bn in 2014 to €62bn in 2015. As in the preceding tables the asset breakdown of consumption of fixed capital has required suppression. In 2014 transport equipment and intangible fixed assets had a combined consumption of fixed capital of €18bn. In 2015 the value for those same categories was €48bn - see Table 11.

Table 1 Net Capital Stock held at end of year by type of industry at current market prices€ million
Nace Rev 2 Section20052006200720082009201020112012201320142015
Agriculture, Forestry and FishingA7,7468,1808,58110,0039,1278,5848,7939,1788,9809,4049,704
Mining and QuarryingB1,9632,0212,1542,2612,2192,0261,8951,9351,7931,7621,663
ManufacturingC32,80935,36736,64436,62935,28034,35433,67434,87736,07037,728*
Electricity, Gas, Steam and Air Conditioning SupplyD10,02711,40412,05312,12511,81911,56511,50811,87812,44013,12413,481
Water supply; sewerage, waste management and remediation activitiesE6,9097,2927,7027,3347,0566,7116,8477,1477,4978,1708,877
ConstructionF3,1953,7084,0783,8973,4732,9592,5352,3032,1312,1592,188
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG8,0448,9769,7359,7348,7038,2208,6489,2009,92810,92612,165
Transportation and StorageH13,28114,13715,97116,73317,35317,20217,39517,73917,42017,24717,581
Accommodation and Food Service ActivitiesI4,6984,9594,9874,9024,2383,9613,8713,7853,8333,9433,997
Information and CommunicationJ9,65810,62811,62612,39612,84113,48715,05818,33419,61722,10828,344
Financial and Insurance ActivitiesK5,5656,3106,9546,8556,5386,1936,2416,4736,7427,3438,343
Real Estate ActivitiesL252,993290,792292,790255,388213,202202,683203,597207,272213,146226,456243,631
of which:            
  Dwellings 248,782284,651284,843247,798207,252198,019200,140203,943209,804222,127237,802
Professional, Scientific and Technical ActivitiesM3,1813,5643,9674,0013,6083,8054,3485,1906,2136,9578,013
Administrative and Support Service ActivitiesN24,13324,65724,30922,23624,59727,47828,33332,47735,53052,604*
Public Administration and Defence; Compulsory Social SecurityO32,45935,80739,47138,83137,46235,36735,55436,83637,88239,78442,174
of which:            
  Roads 21,87124,06726,63226,43826,55325,11625,31226,19426,73627,98229,356
EducationP9,0019,81910,47610,2879,3748,9588,9379,2669,4549,77210,262
Human Health and Social Work ActivitiesQ5,6425,8826,2276,0075,5095,3275,6035,8016,3586,9817,602
Arts, Entertainment and RecreationR1,5691,8122,0492,2232,1762,1032,0922,0922,1162,2782,406
Other Service ActivitiesS563604634624585551528523544615639
             
Total 433,436485,918500,409462,466415,161401,536405,456422,304437,693479,362760,793
* Suppressed for confidentiality reasons
Table 2 Net Capital Stock held at end of year by type of industry at constant market prices (base 2014)€ million
Nace Rev 2 Section20052006200720082009201020112012201320142015
Agriculture, Forestry and FishingA8,3408,4758,9299,9749,7409,4259,3229,3519,3749,4049,534
Mining and QuarryingB1,8421,9782,1192,2392,2892,1712,0582,0751,8911,7621,648
ManufacturingC31,74833,54034,58435,05235,67435,57035,74636,03836,93737,728*
Electricity, Gas, Steam and Air Conditioning SupplyD10,09210,83511,22111,69212,18212,62912,64912,77913,09313,12413,085
Water supply; sewerage, waste management and remediation activitiesE5,7866,0456,3876,7477,1947,4207,5827,6967,8518,1708,426
ConstructionF3,2083,6124,0043,8983,5203,0752,6982,4342,2382,1592,202
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG7,1947,8438,5328,9708,8458,7739,3269,69110,26310,92611,796
Transportation and StorageH12,21012,81514,49315,70117,41418,11718,53218,50517,85017,24717,038
Accommodation and Food Service ActivitiesI3,9824,0884,1624,4014,3294,2684,2014,0354,0133,9433,911
Information and CommunicationJ10,19410,85111,52912,16512,84914,00815,96518,58419,63522,10827,676
Financial and Insurance ActivitiesK4,7935,2815,8376,1666,6906,6756,7616,8166,9687,3438,000
Real Estate ActivitiesL186,263200,033212,657222,162226,265226,773226,034225,460225,192226,456228,295
of which:            
  Dwellings 182,911195,340206,594215,766220,204221,618222,210221,881221,699222,127222,759
Professional, Scientific and Technical ActivitiesM2,9833,3263,7163,8123,6383,9384,5785,2376,1926,9577,825
Administrative and Support Service ActivitiesN24,64124,91224,51722,11324,32727,78929,16132,93735,59152,604*
Public Administration and Defence; Compulsory Social SecurityO29,55631,37833,75736,36938,14639,03139,31239,59339,60939,78440,031
of which:            
  Roads 20,95922,17723,71025,58427,04827,80928,05328,21827,99227,98227,824
EducationP7,6298,0808,5499,0969,4439,6029,7029,7189,7059,7729,832
Human Health and Social Work ActivitiesQ4,6954,7495,0775,3725,6065,7846,1016,1816,6326,9817,385
Arts, Entertainment and RecreationR1,3601,5331,7442,0132,2372,3002,3062,2602,2232,2782,311
Other Service ActivitiesS544571605612599575559548566615639
             
Total 357,061379,947402,419418,555430,986437,923442,593449,939455,823479,362734,406
* Suppressed for confidentiality reasons
Table 3 Net Capital Stock held at end of year by asset type at current market prices€ million
Asset Category20052006200720082009201020112012201320142015
Dwellings, excluding land248,782284,651284,843247,798207,252198,019200,140203,943209,804222,127237,802
Other buildings and structures104,236114,487123,975121,225110,084102,786103,513108,050113,416121,456131,684
of which:           
  Roads21,87124,06726,63226,43826,55325,11625,31226,19426,73627,98229,356
Transport equipment36,81838,76040,29338,68641,39743,43943,28346,94349,06064,931*
Other machinery and equipment24,30526,16926,68927,40727,45226,97026,44826,00227,26530,99332,958
of which:           
  Office machinery and hardware2,6322,9983,1923,2523,6713,7514,3184,5994,6974,8735,809
Cultivated assets1,7591,9141,8652,1581,8841,8802,2812,6082,2502,2742,378
Intangible fixed assets17,53619,93722,74425,19227,09128,44329,79234,75835,89837,581*
of which:           
  Computer software1,3601,4441,6351,7371,7251,9102,0482,3242,5152,7153,162
  Research and development15,46017,65620,19922,46524,35425,59926,83231,45332,48733,982*
            
Total433,436485,918500,409462,466415,161401,536405,456422,304437,693479,362760,793
* Suppressed for confidentiality reasons
Table 4 Net Capital Stock held at end of year by asset type at constant market prices (base 2014)€ million
Asset Category20052006200720082009201020112012201320142015
Dwellings, excluding land182,911195,340206,594215,766220,204221,618222,210221,881221,699222,127222,759
Other buildings and structures89,07294,223100,732107,827112,135113,806114,723116,401118,747121,456124,812
of which:           
  Roads20,95922,17723,71025,58427,04827,80928,05328,21827,99227,98227,824
Transport equipment37,58539,26940,72538,67540,96443,87644,47447,57549,14864,931*
Other machinery and equipment25,34326,61028,22329,23028,70927,98528,06127,47628,81330,99334,520
of which:           
  Office machinery and hardware2,3002,5913,1743,5453,8024,0324,6404,6434,7174,8735,809
Cultivated assets2,3222,3562,3252,3242,2702,2072,2292,3002,2772,2742,274
Intangible fixed assets19,82822,14823,82124,73226,70428,43230,89734,30435,13837,581*
of which:           
  Computer software1,5781,6581,8051,8761,9422,0552,1752,3712,5442,7152,959
  Research and development17,54319,68321,15621,89923,71725,33927,69930,85531,64633,982*
            
Total357,061379,947402,419418,555430,986437,923442,593449,939455,823479,362734,406
* Suppressed for confidentiality reasons
Table 5 Gross Capital Stock held at end of year by type of industry at current market prices€ million
Nace Rev 2 Section20052006200720082009201020112012201320142015
Agriculture, Forestry and FishingA15,40316,05716,37817,85016,67815,94716,12216,64816,62217,52117,940
Mining and QuarryingB4,5294,4704,6424,7904,7364,5514,4844,6344,5614,6264,487
ManufacturingC62,40967,83471,49373,36572,30272,45372,40776,04678,73381,831*
Electricity, Gas, Steam and Air Conditioning SupplyD15,88818,13819,53820,00919,82419,70620,17121,32022,69424,51625,802
Water supply; sewerage, waste management and remediation activitiesE9,79710,41411,03210,54810,1589,77010,09210,68311,34112,41913,587
ConstructionF6,0826,8357,3907,4077,1866,6836,1635,8935,6045,6295,412
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG14,80316,66717,70517,63316,36015,87216,43917,36118,32019,72821,482
Transportation and StorageH23,05524,93027,71229,07530,06030,49031,48033,01433,67734,35035,465
Accommodation and Food Service ActivitiesI8,7899,5079,7069,5108,4488,1448,1808,3108,5458,9709,212
Information and CommunicationJ18,80321,16323,32125,21626,39727,60829,91735,22338,37442,69852,026
Financial and Insurance ActivitiesK10,61311,77912,61812,40011,81111,60011,95012,64613,27514,29915,782
Real Estate ActivitiesL312,009357,426358,765312,660262,084251,141254,565261,471271,194290,169314,050
of which:            
  Dwellings 306,421349,606348,819303,061254,246244,542249,030255,883265,414283,127305,137
Professional, Scientific and Technical ActivitiesM5,9276,6327,3657,6187,3737,7878,61910,07611,73913,17315,120
Administrative and Support Service ActivitiesN32,20636,14239,05840,18545,52350,99154,53662,27868,97590,345*
Public Administration and Defence; Compulsory Social SecurityO45,56150,02154,78953,77952,29449,81050,61252,98555,09058,37462,407
of which:            
  Roads 31,66734,66638,09037,49737,59135,77236,53038,33739,85242,36745,222
EducationP16,77818,24619,42519,06117,60317,13917,32218,26418,87119,56020,597
Human Health and Social Work ActivitiesQ9,87710,48411,01010,6399,8939,66110,08010,51911,31812,33113,317
Arts, Entertainment and RecreationR3,0173,3953,7503,9633,8923,8503,9264,0434,2044,5514,845
Other Service ActivitiesS1,0711,1611,2211,2311,2101,1931,1781,1901,2241,3391,378
             
Total 616,619691,299716,919676,939623,834614,397628,244662,605694,361756,4291,087,854
* Suppressed for confidentiality reasons
Table 6 Gross Capital Stock held at end of year by type of industry at constant market prices (base 2014)€ million
Nace Rev 2 Section20052006200720082009201020112012201320142015
Agriculture, Forestry and FishingA15,96616,08416,53817,64717,52517,30217,26717,35117,43117,52117,714
Mining and QuarryingB4,2024,3494,5144,6994,8744,8974,8834,9694,8034,6264,423
ManufacturingC60,32264,28467,57570,27273,02774,86776,73078,37880,36281,831*
Electricity, Gas, Steam and Air Conditioning SupplyD16,03817,30918,26819,33620,44021,51822,17122,93023,87624,51625,034
Water supply; sewerage, waste management and remediation activitiesE8,2208,6469,1659,71310,36010,79611,17311,50411,87812,41912,908
ConstructionF6,1506,7477,3647,4797,2616,9006,5276,1975,8755,6295,495
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG13,41014,65515,69716,43116,57116,74317,55018,13618,85319,72820,917
Transportation and StorageH21,11822,53325,12327,32930,12931,94933,40334,31434,41134,35034,525
Accommodation and Food Service ActivitiesI7,4077,7658,0388,4908,6138,7578,8688,8508,9458,9709,009
Information and CommunicationJ19,93421,52723,16824,78426,42428,58331,65335,69038,38142,69850,812
Financial and Insurance ActivitiesK9,2909,98310,75011,29612,11112,44512,87913,25213,67414,29915,189
Real Estate ActivitiesL229,470245,539260,196271,585277,935280,839282,562284,397286,513290,169294,299
of which:            
  Dwellings 225,006239,557252,608263,487269,954273,559276,448278,395280,473283,127285,826
Professional, Scientific and Technical ActivitiesM5,5446,1566,8897,3087,4458,0529,07310,20311,73913,17314,805
Administrative and Support Service ActivitiesN32,94836,55739,41639,97845,03051,56356,12663,14969,08790,345*
Public Administration and Defence; Compulsory Social SecurityO41,98744,38547,40150,72253,23554,82955,85256,84057,53558,37459,293
of which:            
  Roads 30,34631,94233,91136,28638,29239,60740,48641,29941,72542,36742,862
EducationP14,30815,12415,97916,93517,70918,27518,73419,05619,29419,56019,774
Human Health and Social Work ActivitiesQ8,3348,5949,1269,63010,06710,42810,92211,16811,78612,33112,966
Arts, Entertainment and RecreationR2,6542,9193,2523,6494,0154,2064,3284,3804,4244,5514,654
Other Service ActivitiesS1,0391,1031,1741,2161,2361,2391,2421,2461,2741,3391,381
             
Total 518,341554,258589,632618,500644,005664,187681,942702,012720,140756,4291,052,084
* Suppressed for confidentiality reasons
Table 7 Gross Capital Stock held at end of year by asset type at current market prices€ million
Asset Category20052006200720082009201020112012201320142015
Dwellings, excluding land306,421349,606348,819303,061254,246244,542249,030255,883265,414283,127305,137
Other buildings and structures169,056184,839197,531191,069173,110163,273166,545175,628185,863200,440218,272
of which:           
  Roads31,66734,66638,09037,49737,59135,77236,53038,33739,85242,36745,222
Transport equipment57,92464,33070,39773,36280,52885,80388,63696,429102,304122,117*
Other machinery and equipment47,45751,26852,01053,85655,79856,71856,65557,29059,37565,73867,190
of which:           
  Office machinery and hardware5,8336,7116,6766,7337,6998,0189,04110,12410,67311,23712,595
Cultivated assets1,7591,9141,8652,1581,8841,8802,2812,6082,2502,2742,378
Intangible fixed assets34,00139,34246,29853,43458,26762,18165,09774,76779,15482,733*
of which:           
  Computer software3,6873,8574,2384,5284,5375,0095,3485,9606,4316,9658,053
  Research and development28,25633,25639,69746,42551,20554,71857,24966,15870,09373,114*
            
Total616,619691,299716,919676,939623,834614,397628,244662,605694,361756,4291,087,854
* Suppressed for confidentiality reasons
Table 8 Gross Capital Stock held at end of year by asset type at constant market prices (base 2014)€ million
Asset Category20052006200720082009201020112012201320142015
Dwellings, excluding land225,006239,557252,608263,487269,954273,559276,448278,395280,473283,127285,826
Other buildings and structures143,903151,428160,063169,318176,179180,660184,540189,208194,611200,440206,869
of which:           
  Roads30,34631,94233,91136,28638,29239,60740,48641,29941,72542,36742,862
Transport equipment59,20565,26771,20373,41579,70986,63491,06397,711102,517122,117*
Other machinery and equipment49,53151,99954,94957,41258,30858,84760,08060,50262,69665,73870,322
of which:           
  Office machinery and hardware5,3515,8136,6387,3377,9738,6189,71310,21810,71811,23712,595
Cultivated assets2,3222,3562,3252,3242,2702,2072,2292,3002,2772,2742,274
Intangible fixed assets38,37543,64948,48552,54357,58562,28067,58173,89577,56682,733*
of which:           
  Computer software4,2794,4294,6794,8905,1115,3895,6816,0806,5066,9657,536
  Research and development32,06237,07541,57745,25749,86554,16159,09764,90068,27773,114*
            
Total518,341554,258589,632618,500644,005664,187681,942702,012720,140756,4291,052,084
* Suppressed for confidentiality reasons
Table 9 Consumption of Fixed Capital by type of industry at current market prices€ million
Nace Rev 2 Section20052006200720082009201020112012201320142015
Agriculture, Forestry and FishingA767819826869852796759756772828840
Mining and QuarryingB342352392418438424402416412381355
ManufacturingC3,8444,3194,5714,7814,7654,7534,6564,8664,9624,917*
Electricity, Gas, Steam and Air Conditioning SupplyD7188299029118878718939319821,0371,067
Water supply; sewerage, waste management and remediation activitiesE201212223216208203207217227244269
ConstructionF446505554561520448377333298284272
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG1,3671,7791,6491,3851,1611,0661,0491,0831,1061,2431,436
Transportation and StorageH1,2381,3721,5231,6351,7331,7811,7541,7831,7441,5241,509
Accommodation and Food Service ActivitiesI618696629574450419398391389410419
Information and CommunicationJ1,4471,6291,7871,9682,0902,2702,4893,0763,4843,8024,774
Financial and Insurance ActivitiesK7338638828197858308488828829301,015
Real Estate ActivitiesL5,8987,2536,8995,3293,9883,7083,6603,7073,8794,2514,606
of which:            
  Dwellings 5,6276,8636,3904,9323,7013,4763,4693,5363,7104,0344,316
Professional, Scientific and Technical ActivitiesM4705406466406026147118951,0841,2401,425
Administrative and Support Service ActivitiesN2,7433,6923,6773,5183,5163,8284,1004,5335,0386,470*
Public Administration and Defence; Compulsory Social SecurityO1,3111,3161,4071,3851,3621,2951,2821,3051,3231,3611,422
of which:            
  Roads 719793874863877842854885910949998
EducationP6288359259749649499219629769801,012
Human Health and Social Work ActivitiesQ435464473466442424436454484549603
Arts, Entertainment and RecreationR279310345343339328330328330348369
Other Service ActivitiesS80889088868277767993102
             
Total 23,56627,87328,40026,88025,18925,08725,34926,99428,45230,89161,558
* Suppressed for confidentiality reasons
Table 10 Consumption of Fixed Capital by type of industry at constant market prices (base 2014)€ million
Nace Rev 2 Section20052006200720082009201020112012201320142015
Agriculture, Forestry and FishingA758774797850875842818808815828841
Mining and QuarryingB339342372405448462441446432381343
ManufacturingC3,8814,2774,4974,6084,7124,7954,8574,9064,9754,917*
Electricity, Gas, Steam and Air Conditioning SupplyD7287998528849169509799951,0281,0371,033
Water supply; sewerage, waste management and remediation activitiesE170177186199212223229233237244256
ConstructionF454504557568523460397347309284274
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG1,1911,3941,3571,2411,1421,0751,0891,1151,1281,2431,407
Transportation and StorageH1,1031,2101,3531,4811,5951,6781,6791,6691,6071,5241,485
Accommodation and Food Service ActivitiesI498523495481447436426413406410414
Information and CommunicationJ1,5611,6891,8201,9512,0832,2902,5993,0723,4463,8024,680
Financial and Insurance ActivitiesK659733773765803864896905898930977
Real Estate ActivitiesL4,1684,6244,5964,2114,0363,9774,0134,0344,1074,2514,318
of which:            
  Dwellings 3,9624,3524,2473,8963,7493,7223,8033,8523,9314,0344,041
Professional, Scientific and Technical ActivitiesM4515186106226026237418921,0711,2401,397
Administrative and Support Service ActivitiesN2,8033,7293,7053,5003,4793,8714,2184,5945,0456,470*
Public Administration and Defence; Compulsory Social SecurityO1,1501,2241,2981,3731,4231,4261,4291,4121,3981,3611,388
of which:            
  Roads 689731778835892918947954953949946
EducationP711778829876919939943948951980955
Human Health and Social Work ActivitiesQ401413427444449448463475501549598
Arts, Entertainment and RecreationR253278313331352360367362350348352
Other Service ActivitiesS78838788878481798293102
            
Total 21,35524,06724,92424,87825,10525,80426,66627,70828,78530,89160,295
* Suppressed for confidentiality reasons
Table 11 Consumption of Fixed Capital by asset type at current market prices€ million
Asset Category20052006200720082009201020112012201320142015
Dwellings, excluding land5,6276,8636,3904,9323,7013,4763,4693,5363,7104,0344,316
Other buildings and structures5,7846,8216,7045,7724,8174,4684,4574,6094,8865,1595,571
of which:           
  Roads719793874863877842854885910949998
Transport equipment5,0246,2266,5286,5846,6286,7776,8267,1237,4958,742*
Other machinery and equipment2,9163,1493,2113,3523,4963,4513,4193,4863,5213,8734,110
of which:           
  Office machinery and hardware6657277507989209461,0531,2041,2161,2511,406
Cultivated assets00000000000
Intangible fixed assets4,2154,8155,5676,2396,5486,9157,1788,2398,8409,083*
of which:           
  Computer software6747077878558519331,0011,1191,2191,3201,521
  Research and development3,1713,7144,3374,9125,2105,5135,7166,6417,1407,303*
            
Total23,56627,87328,40026,88025,18925,08725,34926,99428,45230,89161,558
* Suppressed for confidentiality reasons
Table 12 Consumption of Fixed Capital by asset type at constant market prices (base 2014)€ million
Asset Category20052006200720082009201020112012201320142015
Dwellings, excluding land3,9624,3524,2473,8963,7493,7223,8033,8523,9314,0344,041
Other buildings and structures4,5454,9314,8804,6414,6154,6564,7374,8124,9685,1595,269
of which:           
  Roads689731778835892918947954953949946
Transport equipment5,1386,3176,6056,5946,5626,8417,0117,2177,5118,742*
Other machinery and equipment2,9643,1353,3623,5793,6443,6023,6333,6443,6783,8734,262
of which:           
  Office machinery and hardware5776277468719541,0191,1341,2141,2211,2511,406
Cultivated assets00000000000
Intangible fixed assets4,7465,3325,8306,1686,5356,9837,4818,1848,6979,083*
of which:           
  Computer software7838128689239591,0041,0631,1411,2331,3201,423
  Research and development3,5984,1414,5424,7895,0745,4575,9006,5156,9557,303*
            
Total21,35524,06724,92424,87825,10525,80426,66627,70828,78530,89160,295
* Suppressed for confidentiality reasons
Table 13 Net Capital Stock held at end of year by type of industry & asset at current market prices, 2015€ million
Nace Rev 2 SectionDwellings, excluding landOther buildings & structuresTransport equipmentOther machinery & equipmentof which: Office machinery & hardwareCultivated assetsIntangible fixed assetsof which:Total Fixed Assets
Computer softwareResearch and Development
Agriculture, Forestry and FishingA04,4045552,35882,3789469,704
Mining and QuarryingB04802064020523471,663
ManufacturingC012,779*13,7774410*504**
Electricity, Gas, Steam and Air Conditioning SupplyD010,5931152,57917401951742113,481
Water supply; sewerage, waste management and remediation activitiesE08,723201061402811178,877
ConstructionF0790451920280282082,188
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG07,1211,7421,81767101,4852631,22212,165
Transportation and StorageH08,9257,91065324609389417,581
Accommodation and Food Service ActivitiesI02,5921201,266530191273,997
Information and CommunicationJ06,3792243,2062,594018,53649718,03928,344
Financial and Insurance ActivitiesK05,85487167338209447432018,343
Real Estate ActivitiesL237,8025,5164111868015450103243,631
of which:           
  Dwellings 237,802        237,802
Professional, Scientific and Technical ActivitiesM01,79233146118105,429835,3468,013
Administrative and Support Service ActivitiesN0485*1,2015580*325**
Public Administration and Defence; Compulsory Social SecurityO040,889360391120053513540042,174
of which:           
  Roads  29,356       29,356
EducationP07,328302716902,6331292,50410,262
Human Health and Social Work ActivitiesQ05,2713111,8071310213781357,602
Arts, Entertainment and RecreationR01,5914539449037519112,406
Other Service ActivitiesS017411631921030236639
            
Total 237,802131,684*32,9585,8092,378*3,162*760,793
* Suppressed for confidentiality reasons
Table 14 Gross Capital Stock held at end of year by type of industry & asset at current market prices, 2015€ million
Nace Rev 2 SectionDwellings, excluding landOther buildings & structuresTransport equipmentOther machinery & equipmentof which: Office machinery & hardwareCultivated assetsIntangible fixed assetsof which:Total Fixed Assets
Computer softwareResearch and Development
Agriculture, Forestry and FishingA09,0391,4095,090182,37825101417,940
Mining and QuarryingB01,238651,509901,67510194,487
ManufacturingC024,391*25,5628640*1,343**
Electricity, Gas, Steam and Air Conditioning SupplyD020,1142634,92543005014604125,802
Water supply; sewerage, waste management and remediation activitiesE013,2514224023054153913,587
ConstructionF01,2531,4742,6196206653135,412
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG010,7344,2243,8791,56702,6456961,94921,482
Transportation and StorageH014,85818,4811,8727130253246635,465
Accommodation and Food Service ActivitiesI06,0052892,87613704333119,212
Information and CommunicationJ011,4225256,7165,460033,3641,32332,04052,026
Financial and Insurance ActivitiesK09,4861,9881,8041,06002,5051,87862715,782
Real Estate ActivitiesL305,1378,306952551370257114144314,050
of which:           
  Dwellings 305,137        305,137
Professional, Scientific and Technical ActivitiesM02,9527361,386382010,0473019,74615,120
Administrative and Support Service ActivitiesN0690*1,9158270*541**
Public Administration and Defence; Compulsory Social SecurityO059,15788399230701,3753741,00162,407
of which:           
  Roads  45,222       45,222
EducationP013,4867562618906,4113476,06320,597
Human Health and Social Work ActivitiesQ08,7247463,335248051219631713,317
Arts, Entertainment and RecreationR02,8339486612001,05252184,845
Other Service ActivitiesS03342427254207659171,378
            
Total 305,137218,272*67,19012,5952,378*8,053*1,087,854
* Suppressed for confidentiality reasons
Table 15 Consumption of Fixed Capital by type of industry & asset at current market prices, 2015€ million
Nace Rev 2 SectionDwellings, excluding landOther buildings & structuresTransport equipmentOther machinery & equipmentof which: Office machinery & hardwareCultivated assetsIntangible fixed assetsof which:Total Fixed Assets
Computer softwareResearch and Development
Agriculture, Forestry and FishingA038911833020321840
Mining and QuarryingB0175561027822355
ManufacturingC0590*1,138970*252**
Electricity, Gas, Steam and Air Conditioning SupplyD074728204470888351,067
Water supply; sewerage, waste management and remediation activitiesE02504930734269
ConstructionF0511071036011102272
Wholesale and Retail Trade; Repair of Motor Vehicles and MotorcyclesG036637134119103581322261,436
Transportation and StorageH01861,140133690504911,509
Accommodation and Food Service ActivitiesI020125185150871419
Information and CommunicationJ03564867258903,6982403,4584,774
Financial and Insurance ActivitiesK02691861481060412365471,015
Real Estate ActivitiesL4,3162019292105131214,606
of which:           
  Dwellings 4,316        4,316
Professional, Scientific and Technical ActivitiesM010869914601,158521,1071,425
Administrative and Support Service ActivitiesN048*1941150*104**
Public Administration and Defence; Compulsory Social SecurityO01,118787031015766911,422
of which:           
  Roads  998       998
EducationP0333648200624645601,012
Human Health and Social Work ActivitiesQ021768251280683830603
Arts, Entertainment and RecreationR011096314018782369
Other Service ActivitiesS01423497016142102
            
Total 4,3165,571*4,1101,4060*1,521*61,558
* Suppressed for confidentiality reasons

Background Notes

 

Introduction 

This release belongs to the annual series providing estimates of the values of the stocks of fixed assets according to the European System of Accounts 2010 (ESA 2010) methodology. 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 ESA2010.  Produced fixed assets are assets which result from human effort.  They exclude natural assets such as land, mineral deposits 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 (Research and development, 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 (2014 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.

Additional Data

All tables are available from the year 1985 in the CSO databank.

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