The Finance Committee is worried of the long list of information that needs to be included on the fixed assets register and has approach you to explain in brief the importance of this information on the assets register.

1. Residual Value

2. Pledged as security of assets to external lenders

3. The Chaoma municipality is considering buying a nearby game reserve, the game reserve will be held in separate entity and Chaoma municipality will be the sole shareholder. Outline the financial reporting requirements of such resolutions.