My progress target: 2021 - Cloudy

This table provides metadata for the actual indicator available from Vanuatu statistics closest to the corresponding global SDG indicator. Please note that even when the global SDG indicator is fully available from Vanuatuan statistics, this table should be consulted for information on national methodology and other Vanuatu-specific metadata information.

Proxy

No
Definition
  • Asset management, a systematic process of developing, operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner (including all costs, risks and performance attributes).
  • Inconsistency in asset management budget
  • To conserve adequate funds in the business for replacement of fixed assets at the end of their useful lives. Provision for depreciation based on historical cost will show inflated profits and lead to payment of excessive dividends
Concept

An increase will definitely reduce Inconsistency in asset management budget More variance will also conserve adequate funds in the business for replacement of fixed assets at the end of their useful lives. Provision for depreciation based on historical cost will show inflated profits and lead to payment of excessive dividends.
Rationale

Reports that explain how the assets are tracking to the budget and, if there is a variance, why it occurred? Expenses outside of the budget must be approved by responsible Government minister (Finance) before utilised.
Sustainable Development Goal Indicator Alignment

9.a.1 (Tier 1)
Frequency of Collection

Annually
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