AASB 101 indicates that when presenting a statement of financial position, an entity should: present all assets and liabilities as two groups and disclose their specific classifications in notes as per paragraphs 57-67. only present items on the basis of liquidity if that information is reliable and more relevant. If this is the case, assets should be discretely grouped into current and non-current classifications. present items broadly in order of liquidity if that information is reliable and more relevant than following paragraphs 66-76. always classify items as current and non-current.

AASB 101 indicates that when presenting a statement of financial position, an entity should: present all assets and liabilities as two groups and disclose their specific classifications in notes as...

AASB 101 indicates that when presenting a statement of financial position, an entity should:

		present all assets and liabilities as two groups and disclose their specific classifications in notes as per paragraphs 57-67.
		only present items on the basis of liquidity if that information is reliable and more relevant. If this is the case, assets should be discretely grouped into current and non-current classifications.
		present items broadly in order of liquidity if that information is reliable and more relevant than following paragraphs 66-76.
		always classify items as current and non-current.

Jun 01, 2022