Non-Current Liability

A liability (debt) with a date for payment due beyond one year from the date of the statement of financial position (balance sheet) or beyond the normal operating cycle (where the cycle is longer than one year). Non-current liabilities (long term debt) exclude that portion of the debt principal due for payment within one year (i.e., current liability (debt)). (II-21)

Authorization Path: 2.2.5.2.43.1