What is non current liabilities on a balance sheet?
What kind of balances are included in the non current liabilities on a balance sheet? I know that debt is a non current liability but what else?
The non current liabilities include all liabilities that are not expected to be settled within the next twelve months. In other words, the non current liabilities include loans and other payables that are expected to be paid after the next twelve months. For example, a bank loan that will be repaid after 5 years is a non current liability.