Non-current assets are assets that include amounts expected to be recovered more than 12 months after the reporting period. Non-current assets is not to be converted to cash within 12 months of the balance sheet date, and is not expected to be consumed or sold within the normal operating cycle of a firm (in contrast to current assets). Non-current assets are formally defined as anything not classified as a current asset. Non-current asset are not directly sold to a firm's consumers (end-users).
IFRS use the term "non-current" to include tangible, intangible and financial assets of a long-term nature. Non-current assets include:
- Property, plant and equipment
- Investment property
- Intangible assets other than goodwill
- Investment accounted for using equity method
- Investments in subsidiaries, joint ventures and associates
- Non-current biological assets
- Trade and other non-current receivables
- Non-current inventories
- Deferred tax assets
- Other non-current financial assets
- Other non-current non-financial assets
IFRS Taxonomy (XBRL) reference for current assets is "NoncurrentAssets"