Non-Current Liabilities

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Non-current liability is a liability not due to be paid within 12 months during the normal course of business. Non-current liabilities are also called long-term liabilities. In accounting, non-current liabilities are shown on the right wing of the balance sheet representing the sources of funds, which are generally bounded in form of capital assets.

Non-current liabilities include (according to the IFRS):

  • Non-current provisions for employee benefits
  • Other long-term provisions
  • Trade and other non-current payables
  • Deferred tax liabilities
  • Other long-term financial liabilities
  • Other non-current non-financial liabilities

All liabilities are divided into non-current liabilities and current liabilities. Non-current liabilities often referred as long-terms debts.

Non-current liabilities are very important source of entity's long-tem financing (acquisition of fixed and other non-current assets).

IFRS Taxonomy (XBRL) reference for non-current assets is "NoncurrentLiabilities"

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