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Glossary

Gross fixed capital formation

Capital formation increasing the value of tangible fixed assets (including increase in livestock — basic herd), excluding expenditures comprising the initial investments as well as interest on investment credits and loans for the period of investment realization.

The account also includes:

a) expenditures borne on renovating fixed assets,

b) increase in, designed for usage for longer than 1 year, intangible fixed assets that include among others:

― costs of acquisition of property rights, particularly copyrights (of which computer software), rights to projects, inventions, patented entities, trademarks, licenses,

― costs of completed development works,

― goodwill.

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Statistics Poland