Section 101 - Accounting Standard AASB 18 Presentation and Disclosure in Financial Statements - An entity shall classify a liability as current when: | Zoe

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Accounting Standard AASB 18 Presentation and Disclosure in Financial Statements

101An entity shall classify a liability as current when:

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101 An entity shall classify a liability as current when:
(a) it expects to settle the liability in its normal operating cycle (see paragraphs B96 and B107–B108);
(b) it holds the liability primarily for the purpose of trading (see paragraph B97);
(c) the liability is due to be settled within 12 months after the reporting period (see paragraphs B97–B98 and B107–B108); or
(d) it does not have the right at the end of the reporting period to defer settlement of the liability for at least 12 months after the reporting period (see paragraphs B99–B108).