Practice Activity 4.3 Non-current and current assets

Give examples of non-current and current assets.

Suggested answers to practice activity 4.3

Non-current assets include the following, namely:

i. Building;

ii. Motor vehicles;

iii.Equipment;

iv. Plant and machinery;

v. Goodwill;

vi. Computer software;

vii.Copyrights;

viii.Investments in equity-accounted investees;

ix. Biological assets based on IAS 41; and

x. Deferred tax assets.

Current assets include the following, namely:

i. Inventories;

ii. Trade receivables;

iii.Other receivables;

iv. Current tax assets;

v. Cash;

vi. Cash equivalents;

vii.Assets held for sale;

viii.Current portion of long-term financial assets; and

ix. Financial assets held for trading based on IFRS 9.

Can you think of other examples of non-current and current assets?