Section 99 - Accounting Standard AASB 18 Presentation and Disclosure in Financial Statements - An entity shall classify an asset as current when (see paragraphs B94–B95): | Zoe

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Accounting Standard AASB 18 Presentation and Disclosure in Financial Statements

99An entity shall classify an asset as current when (see paragraphs B94–B95):

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99 An entity shall classify an asset as current when (see paragraphs B94–B95):
(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 12 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 12 months after the reporting period.