Non current assets are the assets that are expected to be settled after more than twelve months from the reporting date. The amount at which the asset will be settled needs to be measurable and the fact that it is actually going to be repaid needs to be certain. Non current assets also include fixed assets as they are expected to bring economic value for more than twelve months. Some non current assets can include:
-Investments
-Deferred Tax
-Fixed Assets
The non current assets are the assets that are expected to bring economic benefit after more than twelve months. These include prepayments that are expected to utilized after a period of twelve months, loans receivable, deferred tax assets are other assets that will not be realized in the following financial year.