1.5 Tangible assets are valued at cost less depreciation .

Balance Sheet as at 31 December 1997 ECU Assets 1997 I EMS related assets Holdings of gold Holdings of US dollars 26,228,410,973 38,791,623,886 65,020,034,859 II Other assets ( 1 ) ( 2 ) ( 3 ) ( 4 ) Cash and bank sight accounts Time deposits Tangible assets Other assets 24,164,570 597,499,982 24,750,972 2,345,761 11,013,442 628,044,375 7,815,279 841,986 27,816,645,173 31,710,534,867 59,527,180,040 1996

(d) Property shall mean assets of every kind, whether corporeal or incorporeal, movable or immovable, tangible or intangible, and legal documents or instruments evidencing title to, or interest in, such assets

(d) Property shall mean assets of every kind, whether corporeal or incorporeal, movable or immovable, tangible or intangible, and legal documents or instruments evidencing title to or interest in such assets

II ( 3 ) Tangible assets Net of cumulative depreciation of ECU 7.8 million these comprised , at year end in ECUs 1996 3,632,708 3,671 1,858,180 1997 Special installations Plant in building Other equipment Computers and software 2,065,988 7,225,869 2,184,088

Remaining assets

Other assets

( Other assets )

Domestic

Other assets Domestic

Other assets Loans

Social security funds

Other claims

Remaining assets

Other securitised assets

Securities ( other than shares )

Other financial assets

Other assets financial

EN 11

Fixed assets 7 .

Other assets 3.1.2 .

Other assets 3.1.3 .

Other assets 3.1.4 .

( 57,210,884,008 )

Other claims within the Eurosystem ( net ) ( ) Items in course of settlement Other assets 11.1 .

Intra Eurosystem claims other claims within the Eurosystem

Other participating Member States 11 Other assets

Other claims within the Eurosystem ( net )

Other claims within the Eurosystem ( net )

2A 11 Other assets

Other claims within the Eurosystem ( net ) ( )

Other financial assets 11.4 .

Remaining assets Table 1 .

Remaining assets M Q

Remaining assets 1

2B

Remaining assets

Other financial assets

11.3 Other financial assets

Likewise, the British government spends markedly more of its budget on such intangibles than on tangible assets.

corporations and pension funds Non financial corporations Other financial intermediaries 11 Other assets Other participating Member States Other participating Member States Other participating Member States Shares and other equity 11 Other assets Domestic Shares and other equity Other residents Other residents

But all of those questions are tangible.

Other participating Member States Other assets Other participating Member States

3B 3 Claims on euro area residents denominated in foreign currency Other assets Other participating Member States NonMFIs Other participating Member States

2A 11 Other assets Domestic