AASB 101.66 states that:
An entity shall classify an asset as current when:
(a) it expects to realise the asset or intends to sell or consume it in its normal operating cycle;
(b) it holds the asset primarily for the purpose of trading;
(c) it expects to realise the asset within twelve months after the reporting period; or
(d) the asset is cash or a cash equivalent (as defined in AASB 107) unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period.
And that "an entity shall classify all other assets as non-current".
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