What is Non-monetary items?

Items of the financial statements that are not monetary. As examples, NAS No. 22 gives fixed assets purchased for foreign currency, intangible assets, goodwill, equipment for installation, capital investments and inventories, the ratio of shares in the charter capital, investments in charter capital and shares, and advances received and paid without a repayment condition. They are recorded once at the rate on the transaction date and are not recalculated afterwards.