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11.6 Luxembourg Fixed Assets Accounting (PCN Class 2 - Immobilisations)

PCN Class 2: Immobilisations (Fixed Assets)​

Class 2 in PCN contains all long-term assets.

Account Ranges:

  • 200000-209999: Intangible Assets (Immobilisations Incorporelles)
  • 210000-219999: Intangible Assets (continued)
  • 220000-229999: Tangible Assets (Immobilisations Corporelles)
  • 230000-239999: Tangible Assets (continued)
  • 240000-249999: Accumulated Depreciation (Amortissements)
  • 250000-259999: Accumulated Amortization (Amortissements Incorporels)
  • 260000-269999: Financial Assets (Immobilisations Financières)

Intangible Assets (200000-219999)​

Main Accounts:

  • 200000: Research and Development Costs
  • 201000: Concessions, Patents, Licenses
  • 202000: Goodwill
  • 203000: Other Intangible Assets

Example:

201000 Patents                     €50,000

Tangible Assets (220000-229999)​

Main Accounts:

  • 220000: Land (Terrains)
  • 221000: Buildings (Constructions)
  • 222000: Technical Installations
  • 223000: Equipment and Machinery (MatĂ©riel et Outillage)
  • 224000: Vehicles (MatĂ©riel de Transport)
  • 225000: Furniture and Fixtures (Mobilier)
  • 226000: Computer Equipment (MatĂ©riel Informatique)
  • 227000: Other Tangible Assets

Example: Restaurant Equipment:

223000 Equipment                   €25,000

Example: Vehicle:

224000 Vehicles                    €30,000

Accumulated Depreciation (240000-249999)​

Main Accounts:

  • 241000: Accumulated Depreciation - Buildings
  • 242000: Accumulated Depreciation - Equipment
  • 243000: Accumulated Depreciation - Vehicles
  • 244000: Accumulated Depreciation - Other

Example:

241000 Accumulated Depreciation - Equipment €10,000

Financial Assets (260000-269999)​

Main Accounts:

  • 260000: Investments in Subsidiaries
  • 261000: Other Financial Investments
  • 262000: Loans Granted

Luxembourg Compliance Note​

PCN Class 2 requirements:

  • Must use proper account classifications
  • Must maintain separate accounts for different asset types
  • Must track accumulated depreciation separately
  • Must comply with PCN structure
  • Must support asset values
  • Must enable proper financial statement presentation

Think It Through​

How does proper PCN classification of fixed assets support accurate financial reporting and compliance in Luxembourg?