Non-current assets are assets which represent a longer-term investment and cannot be converted into cash quickly. Non-current assets is not to be converted to cash within 12 months of the balance sheet date, and is not expected to be consumed or sold within the normal operating cycle of a firm (in contrast to current assets). In reality, a non-current asset may never be sold for cash, because non- current assets are either things a business needs for normal operations or intangible items such as brand names, patents, and copyrights. Current Assets refer to those assets that their expected conversion period less than one year from the reporting date. The non-current assets formula is the same as the current assets formula, where tangible assets, such as fixed assets like property, plants, equipment, land, buildings, long-term investments and intangible assets like goodwill, patents, trademarks, copyrights are added together. Current assets also include prepaid expenses that will be used up within one year. Current liabilities on the balance sheet. Examples of noncurrent liabilities include: Bank loans which have term exceeding one year; Bonds, debentures, public deposits which mature or convert after more than one year Examples of current assets are cash, accounts receivable, and inventory. Examples of Non-Operating Assets. Under revaluation model non-current assets may be carried at revalued amount i.e. Financial assets can be categorized as either current or non-current assets on a company’s balance sheet Balance Sheet The balance sheet is one of the three fundamental financial statements. The figures of ‘Current Assets’ appearing on the balance sheet is normally a consolidated figure of ‘Current Assets’ and ‘Other non-current Assets’. Non-current Assets, also known as long-term assets, are investments that are expected to be realized after one year.They are capitalized rather than being expensed and appear on the company’s balance sheet. Non-current assets have a useful life of longer than one year. In some cases, an operating cycle can extend beyond one year, in which case the assets can still be considered current assuming they can be converted to cash … Definition of Current Assets Current assets include cash and assets that are expected to turn to cash within one year of the balance sheet date. The decrease of non-current assets can be explained for the major part by impairments of loans and deferred tax assets (total effect -/- € 2 million) and the amortisation of intangible assets (total effect -/- … Non-current assets. A noncurrent asset is an asset that is not expected to be consumed within one year. List of Assets Accounts – Examples. Definition of Noncurrent Asset A noncurrent asset is an asset that is not expected to turn to cash within one year of date shown on a company's balance sheet. They are usually presented in order of liquidity on the balance sheet and include cash and cash equivalents, accounts receivables, inventory, prepaid and other short term assets . Non-current assets to net worth ratio is an indicator comparing the value of non-current or long-term assets of a company to its net worth. Here’s a current assets list with a little more information about … Cash and other assets expected to be converted to cash within a year. Additional Reading: Get the List of Non Current Assets. These include acquisition of fixed assets and property. Current assets are expected to be consumed, sold, or converted into cash either in one year or in the operating cycle, whichever is longer. Cash – Cash is the most liquid asset a company can own. 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