8.13.3 Future economic benefits
Future economic benefits to an entity can arise from any of the following (Queensland Treasury 2014):
- cash flows from future use
- cash flows from disposal
- future service potential to the entity
- cost savings
- other benefits resulting from use of the asset by the entity.
For infrastructure assets, future economic benefits arise from the entity’s ability to provide services to its customers/community in the future (the asset’s service potential).
For assets of a for-profit entity, the future economic benefits of the asset are its ability to generate future cash flows.