Classification of assets and liabilities as current or non-current
96 An entity shall present current and non-current assets, and current and non-current liabilities, as separate classifications in its statement of financial position in accordance with paragraphs 99-102 except when a presentation based on liquidity provides a more useful structured summary. When that exception applies, an entity shall present all assets and liabilities in order of liquidity (see paragraphs B90-B93).
97 Whichever method of presentation is adopted, an entity shall disclose the amount expected to be recovered or settled after more than 12 months for each asset and liability line item that combines amounts expected to be recovered or settled:
(a) no more than 12 months after the reporting period; and
(b) more than 12 months after the reporting period.
98 When an entity presents current and non-current assets, and current and non-current liabilities, as separate classifications in its statement of financial
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