然后看一下期初期末的非流动资产。
Then look at your Non-Current Assets at the start of the year and the end of the year.
可能是来自于基金经理买入的非流动性资产。
因此非流动会阻止资产的卖出而不是引导。
So illiquidity prevented asset sales rather than induced them.
非流动资产也可以是无形资产，如商誉、专利或版权。
Non-current assets also can be intangible assets, such as goodwill, patents or copyright.
对非流动性和杠杆的担心也由共同基金的标准来安抚。
Fears of illiquidity and leverage are calmed by mutual funds' rules on both.
这是由海通证券的非流动有限的大小上市的安排确定。
This is determined by the size of Haitong Securities limited size of the flow of non-listed determined by the arrangement.
非流动资产指的是机械、电脑、建筑物和土地等有形资产。
They can refer to tangible assets such as machinery, computers, buildings and land.
出售这些公认的非流动性股票，但是其暗含的意思不能忽视。
Trading in all of these instruments is admittedly very illiquid, but the implication is hard to ignore.
同资产相似，债务也有两种主要分类：流动债务与非流动债务。
Similar to assets, there are two main categories of liabilities: current liabilities and noncurrent liabilities.
高盛也有大量的资产负债表外非流动风险——可变利益实体。
Goldman has large, illiquid off-balance-sheet exposures, too, known as Variable Interest Entities.
如果基金高估了非流动性资产的价值，基金经理的收益也严重高估了。
If a fund is overestimating the value of the illiquid assets, then its manager's profit is grossly overestimated.
计算这一比率时，一般需要同时考虑流动负债和非流动负债和资产。
When calculating this ratio, it is conventional to consider both current and non-current debt and assets.
但是，在错误的情况下公允价值可能引起不经济的卖出长期非流动贷款。
However, in the wrong circumstances fair-value accounting could also induce wasteful sales—of long-term, illiquid loans.
它的可互换程度不如财富或技巧，但这并没有使它成为非流动的资产。
It is not as fungible as wealth or skill, but that does not make it illiquid.
无形资产是指应用于企业的经营活动，但没有实物形态且非流动的资产。
The term intangible assets is used to describe assets which are used in the operation of the business but no physical substance, and non-current.
据Fitch数据，投资银行平均持有资本是其非流动性资产的两倍多。
According to Fitch, the average investment bank holds more than twice as much capital as it does illiquid assets.
一间巧克力工厂是一种非流动性资产：处置它非常耗费时间，且成本高昂。
A chocolate factory is an illiquid asset: disposing of it is time-consuming and costly.
贝尔斯登的转让同样也说明了，非流动性和破产之间的界限在迅速的消融。
Bear's demise also shows how the boundary between illiquidity and insolvency is fast dissolving.
更要命的是，结构化金融依赖于杠杆和非流动性资产，从而容易受到危机侵袭。
Furthermore, structured finance's dependence on leverage and illiquid assets has left it prone to crisis.
申贤昊以及其他学者提供了资产泡沫期间非流动性以及杠杆乖戾影响的早期模型。
Hyun Shin and other scholars in academia provided early modeling of illiquidity and of the perverse effects of leverage during asset bubbles.
高收益和非流动性资产也是对冲基金之所爱，后者正成为资金管理业的后起之秀。
Both high yields and illiquid assets are also attractive to hedge funds, which have become the rising powers of the fund-management industry.
因此，该特定机构甚至会实现TARP的原本打算：解除银行在非流动性资产上的负担。
The facility may thus eventually do what TARP was meant to: relieve banks of their illiquid assets.
机构投资者总是小心翼翼，深怕陷入非流动性市场的泥潭中，跟着那些交易商亦步亦趋。
Institutional investors, wary of being stuck in an illiquid part of the market, are increasingly following them.
研究结果表明：（1）大学毕业流动人员的焦虑显著高于大学毕业非流动人员的焦虑；
The results show that: (1) Anxiety level of the floating graduates' is significant higher than the steady graduates';
自从2007年8月开始帮助银行持有非流动性资产并且避免贱卖，许多贷款计划产生了。
It has created many lending programmes since August 2007 to help Banks finance holdings of illiquid assets and so avoid fire sales.
原因是同样是你耗用了现金，来增加非流动资产，大部分是不动产、厂房及其他设备（比如服务器）。
The reason is your business used some of your cash to increase its Non-Current Assets, most likely Property, Plant, and Equipment (like servers).
第二十二条资产负债表中的负债类至少应当包括流动负债、非流动负债和负债的合计项目。
Article 22 the category of liabilities in the balance sheets shall at least include the aggregate item of current liabilities, non-current liabilities and liabilities.
流动负债和非流动资产之间并不匹配，因此一旦出现资金链的突然紧张，银行就变得弱不禁风。
This mismatch between liquid debt and illiquid assets makes Banks susceptible to sudden losses of funding.
流动负债和非流动资产之间并不匹配，因此一旦出现资金链的突然紧张，银行就变得弱不禁风。
This mismatch between liquid debt and illiquid assets makes Banks susceptible to sudden losses of funding.
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