Definition: Goods and services excluded from gross fixed capital formation
The following goods and services are not included in gross fixed capital formation:
(a) small tools, working clothes, spare parts and equipment of a low value (less than 500 EURO at 1995 prices), even if these goods have a normal useful life of over one year (cf., however, 2.55.2. and 2.55.3.); because they are renewed regularly, and to conform with business accounting practice, these purchases of goods are considered to be intermediate consumption (cf. 2.45. and 2.46.);
(b) ongoing maintenance and repairs (cf. 2.55.4. to 2.55.6.) are classed as intermediate consumption);
(c) services of scientific research, advertising, market research, etc. Purchases of these services are included in intermediate consumption (cf. 2.48. (d));
(d) durable goods acquired by households to satisfy their domestic needs; as these goods are not used for production purposes, they are treated as final consumption;
(e) animals and trees which serve as stocks: fattening animals reared for slaughter, including poultry; trees planted for timber;
(f) holding gains and losses on fixed assets (to be recorded in the revaluation account, cf. 2.59.2.);
(g) losses of fixed assets due to catastrophic events (cattle diseases, etc.) or force majeure (floods, gales, etc.). The treatment of losses in agriculture is described in Appendix VIII. (cf. 2.59.3).
The value of fixed capital goods used simultaneously for professional and private purposes (motor vehicles, for example) is recorded in accordance with their two possible types of use; partly as gross fixed capital formation and partly, as final consumption.
Eurostat, "Manual on the economic accounts for agriculture and forestry EAA/EA 97 (Rev. 1.1)", Luxembourg, 2000