Public Governance, Performance and Accountability (Financial Reporting) Rule 2015
34BDisclosure of current and non‑current assets and liabilities
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34B Disclosure of current and non‑current assets and liabilities
Guide to this section
The purpose of this section is to require reporting entities to include in their financial statements a note disclosing total assets, total liabilities, and each asset and liability line item in their statements of financial position and administered schedules of assets and liabilities, broken down into:
(a) amounts expected to be recovered or settled within 12 months; and
(b) other amounts.
A reporting entity must disclose the following in a note in the financial statements for a reporting period: (a) the total of: (i) any amounts expected to be recovered from assets within 12 months after the end of the reporting period; and (ii) cash and cash equivalents; (b) the total of any amounts recoverable from non‑current assets; (c) the total of any amounts expected to be settled for liabilities within 12 months after the end of the reporting period; (d) the total of any amounts that are expected to be settled for liabilities more than 12 months after the end of the reporting period; (e) for each asset and liability line item in the entity’s Statement of Financial Position and Administered Schedule of Assets and Liabilities, the amounts expected to be recovered or settled: (i) within 12 months after the end of the reporting period; and (ii) more than 12 months after the end of the reporting period.