Non-current Liabilities
Non-current liabilities are required to be classified under the following four sub-heads on the face of the balance sheet :
- Long-term borrowings
- Deferred tax liabilities (net)
- Other long term liabilities
- Long-term provisions
It may be noted that net deferred tax liabilities are required to be classified as non-current in their entirety (rather than making an analysis of the amounts reversible within a short period and others). Besides, long-term provisions are required to be distinguished from short-term provisions.
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