In this post, we will show a series of non-current assets.
Paragraph 66 of IAS 1 sets out requirements to identify a current asset.
All those assets that do not have these characteristics will be classified as non-current.
Let’s remember that a non-current asset is an asset that awaits to be liquidated, sold, consumed, or realized after the 12 months after the end of the reporting period.
The list of non-current assets is as follows:
- Property plant and equipment.
- Investment properties.
- Assets for rights of use.
- Deferred taxes.
- Biological assets.
- Derivatives are expected to be realized after an accounting period.
- Long-term liabilities.
- Investments are recognized using the equity method.
- Cash is restricted for a time greater than one accounting period.
- Qualifying assets
Internally generated brands should not be recognized as intangibles. However, brands acquired in a purchase transaction or acquired through a