No, fixed assets and non-current investments are not the same.

Fixed Assets:
- Fixed assets are long-term tangible assets that are used by a company to generate income over an extended period.
- These assets have a useful life of more than one year and are not intended for sale in the ordinary course of business.
- Examples of fixed assets include land, buildings, machinery, vehicles, and equipment.
- Fixed assets are recorded on the balance sheet and are typically depreciated over their useful life.

Non-Current Investments:
- Non-current investments, on the other hand, refer to long-term investments made by a company in other entities with the intention of earning a return.
- These investments are not intended for immediate resale and are held for a longer period, usually more than one year.
- Non-current investments include investments in shares, bonds, debentures, mutual funds, and other securities.
- Non-current investments are also recorded on the balance sheet but are classified as financial assets rather than fixed assets.

Differences between Fixed Assets and Non-Current Investments:
1. Nature: Fixed assets are physical assets used in the production or operation of a business, while non-current investments are financial assets held for earning a return.
2. Purpose: Fixed assets are used to generate income directly, whereas non-current investments are made to earn returns through dividends, interest, or capital appreciation.
3. Liquidity: Fixed assets are typically less liquid as they are not intended for sale, while non-current investments can be more easily converted into cash.
4. Treatment: Fixed assets are depreciated over their useful life, whereas non-current investments are reported at cost or fair value, depending on the accounting method used.

Conclusion:
In conclusion, fixed assets and non-current investments are different. Fixed assets are tangible assets used in the business operations, while non-current investments are financial assets held for earning returns. Understanding the distinction between these two is crucial for accurate financial reporting and analysis.