noncurrent liability

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Noncurrent liability

A liability due in one year.

Noncurrent Liability

Any liability with a term of greater than a year. In both investing and personal finance, an example of a noncurrent liability often is a loan with a payback period of longer than one year. Examples include a 30-year mortgage or a 10-year Treasury note. See also: Long-term financing.

noncurrent liability

A liability not due to be paid within one year during the normal course of business. A long-term debt issue is a noncurrent liability.
References in periodicals archive ?
The primary reasons for the $15.9 million increase in cash provided by operations between the periods was a $10.0 million decrease in discretionary contributions to the corporation's funded pension plan and a $12.7 million net increase in cash provided by changes in noncurrent liabilities and deferred credits, partially offset by a $6.4 million decrease in cash from changes in deferred debits and other assets between the periods.
Unearned Transportation Revenue increased by 10.2% as a result of the growth in passenger sales and Noncurrent Liabilities also increased by 4.1%.to P81.8 billion due to loans related to aircraft financing.
By relevant literature, this paper selected "surplus reserve" and "undistributed profits" as internal financing inputs to measure internal investment intensity, "noncurrent liabilities" as debt financing input, and "paid-up capital" and "capital surplus" as equity financing inputs to measure exogenous investment intensity.
As per the terms of the transaction, Bamboo would sole fund the operations of the Zambian subsidiary from May this year, until completion, as well as assume responsibility for all Luiri s existing current and noncurrent liabilities, as well as its obligation to fund the Shakumbila Trust to the tune of $150 000.
* Noncurrent financial liabilities (excluding trade and other payables and provisions) included in noncurrent liabilities
million) Components 2011 2010 Current liabilities 290,768 324,297 Noncurrent liabilities 1,058,680 892,032 Capital 103,423 211,904 Assets 1,452,871 1,428,234 Sources: Financial report of PT.
31, 2009 2008 Accrued self-insured black lung obligation $53,145 50,739 Workers' compensation (traumatic injury) 61,792 64,172 Total accured workers' compensation 114,937 114,911 and black lung Less amount included in other current 16,710 21,929 liabilities Workers' compensation and black lung in 98,227 92,982 other noncurrent liabilities Source: Massey Energy Co.
Thus, for purposed of this study, twenty-five percent of the newly-created tax liability is allocated to current liabilities (due within one year) and the remaining amount to noncurrent liabilities. The equity (retained earnings) of the company would subsequently be affected by the resulting difference between the adjustment made to assets and made to the liabilities.
Some companies which have heretofore included the deferred taxes in current liabilities have changed the classification to noncurrent liabilities. Other companies (some of which are our clients) are now taking the position that they wilt change the classification to noncurrent at the end of the current fiscal year if other companies are permitted to continue the noncurrent classification.
CIT's equity ownership in the net assets of DFS as of January 30, 2004, was $17 million, which is recorded as minority interest and included in other noncurrent liabilities on Dell's consolidated statement of financial position.
Its balance sheet will also include adjustments to net property and equipment, other current and noncurrent liabilities, and retained earnings.
In general, satisfying these materiality thresholds occurs when, individually by any investee or on an aggregated basis, (1) the investment account exceeds 10 percent of consolidated assets, (2) the proportionate share of total assets exceeds I 0 percent of consolidated assets, or (3) equity in income from continuing operations before income taxes, extraordinary items, and cumulative effect of accounting changes exceeds 10 percent of such consolidated income.6 SEC rules require investors to disclose data such as current assets, noncurrent assets, current liabilities, noncurrent liabilities, redeemable preferred stock, minority interests, net sales or gross revenues, gross profit, income from continuing operations, and net income.