(1) Net assets usually refer to the total assets of an enterprise after deducting liabilities. It consists of two parts, one part is the capital invested by the enterprise at the beginning, including the premium part, and the other part is created by the enterprise in the course of operation, including the donated assets, which belong to the owner's equity.

(2) Net capital refers to a comprehensive risk supervision index based on the net assets of a futures company, which is obtained after risk adjustment of assets, liabilities and other items according to liquidity, and represents the amount of funds that the futures company can use at any time to deal with risks. These two concepts are different in nature.

2, the calculation method is different:

(1) net assets calculation formula: net assets = total assets-total liabilities.

(2) The calculation formula of net capital is:

Net capital = net assets-risk adjustment of securities assets-risk adjustment of accounts receivable-risk adjustment of other current assets-risk adjustment of long-term assets-contingent liabilities × deduction ratio+/-others.

3. The range of measuring objects is different:

The net assets range is large, but the net capital limit is small, and the net capital belongs to the net assets range.

(1) Net capital is a comprehensive regulatory index to measure the capital adequacy ratio and asset liquidity of securities companies. By monitoring the net capital of securities companies, the regulatory authorities can accurately and timely grasp the solvency of securities companies and prevent liquidity risks.

(2) Net assets, that is, owners' equity, refers to the economic benefits enjoyed by the owners in the assets of the enterprise, and its amount is the balance of assets minus liabilities. Owners' equity includes paid-in capital (or share capital), capital reserve, surplus reserve and undistributed profit, etc.

4, the essence is different:

(1) Net capital is a comprehensive risk control index that adjusts the risk of assets and other items on the basis of net assets according to the business scope and liquidity characteristics of securities companies.

(2) The net capital index reflects the part with high liquidity in the net assets, indicating the amount of funds that the securities company can realize to meet the payment demand and cope with risks. Generally speaking, net capital is the amount after assuming that all liabilities of a securities company expire at the same time, all existing assets are realized and all liabilities are paid off.

Extended data:

1, characteristics of net assets:

(1) fixed fund:

Fixed fund refers to the funds occupied by fixed assets of administrative institutions. Fixed funds usually increase or decrease according to the increase or decrease of the book balance of fixed assets, and the amount of the two is usually equal; However, in the case of financial leasing of unpaid fixed assets, the amounts of the two are different: fixed assets should be accounted for at the agreed lease price when they are acquired, while fixed funds should be accounted for at the actual amount when they pay the rent.

(2) Operating expenses:

① General fund. The general fund of public institutions refers to the accumulated surplus funds of public institutions, which mainly comes from two aspects: first, it is transferred from the undistributed balance of the unit in the current year; Second, the amount left to the unit for use according to regulations is transferred from the balance of allocated special funds.

② Investment funds. The investment fund of public institutions refers to the funds occupied by foreign investment of public institutions. Investment funds should be increased or decreased according to the increase or decrease of the book balance of foreign investment, and the two amounts are equal.

(3) Balance:

Balance of administrative unit. The balance of administrative units refers to the balance after the administrative units make ends meet. The balance of normal funds and special funds of administrative units shall be accounted for separately.

(2) institutional balance. The balance of public institutions refers to the balance after the income and expenditure of public institutions break even in a certain period, mainly including business balance and operating balance. Business balance should be transferred to balance distribution at the end of the year; Operating balance is usually transferred to balance distribution at the end of the year, but if it is a loss, it will not be carried forward.

③ Balanced distribution of public institutions. The balance realized by public institutions in that year shall be distributed in accordance with the provisions. There are two main contents in the balance distribution: first, institutions with income tax payment business calculate the income tax payable; Second, colleges and universities should set aside special funds.

2, the main purpose of the net capital index:

(1) Require securities companies to keep sufficient liquid assets that are easy to realize in case of emergency, resist potential market risks, credit risks, operational risks and settlement risks, and ensure the safety of customers' assets;

(2) When a securities company fails to operate or goes bankrupt, some funds are still used to deal with the bankruptcy and liquidation of the company.

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