Current assets list IFRS

Below you will find a list of current assets according to IFRS.

Remember that paragraph 66 of IAS 1 set out that an entity will classify an asset as current when:

It expects to realize the asset in its normal operating cycle or intends to sell or consume it.

It holds the asset primarily for trading.

It expects to realize the asset within twelve months after the reporting period.

An asset is cash or a cash equivalent (as defined in IAS 7) unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period.

The current list consists of the following assets:

  • Cash and banks cash.
  • Restricted cash for less period 12 months.
  • Short-term deposits.
  • Derivative assets.
  • Deposit in transit.
    Short-term investments.
  • Fiduciary rights.
    Accounts receivable from customers.
  • Accounts receivable from related parties.
  • Accounts receivable from partners.
  • Prepayments and accrued income.
  • Loans receivable.
  • Current tax assets.
    Assets held for sale:


Regarding the assets held for sale, it is essential to clarify that these assets, before the held for sale classification, fulfilled the non-current assets definition.

However, once the requirements of IFRS 5 have been met, they can be classified as held for sale because it is expected to sell within less than an accounting period; for this reason, it is correct to give them this classification.