Current assets include inventories and trade receivables that are sold, consumed and realised as part of the normal operating cycle even when they are not expected to be realised within 12 months of the balance sheet date.

These resources may be used to finance short-term emergency actions in accordance with Article 72(3) of the ACP-EC Agreement;

(2) The degrees for weighting shall be stipulated by the Bank of Slovenia within the range from 0 per cent for cash, claims against the Bank of Slovenia and short-term claims against the Republic of Slovenia, and claims covered by cash deposits at the bank, to 100 per cent for claims without quality insurance and investments in fixed assets and capital that are not deducted from the bank's own funds.

Instead, the VAT transactions affect either the current assets or the current liabilities as set out in their accounts.

Those resources may be used to finance humanitarian aid and short-term emergency aid in accordance with Article 72(3) of the ACP-EC Agreement.

The value of assets covered by finance leases, calculated in accordance with the rules laid down in Article 21, shall be shown in the accounts on the assets side under the heading "fixed assets" and on the liabilities side under the heading "capital" for the paid amount and under the heading "amounts payable after one year" and "amounts payable within one year" for the amount still to be paid.

(7) The report on beta-cyfluthrin and on cyfluthrin and further information concerning both substances were also submitted to the Scientific Committee on Plants for separate consultations. The Committee was asked to comment on the appropriate dietary risk assessment to be used and to confirm that the available ecotoxicological data supports uses only in glasshouses and for seed treatment. In its opinions, the Committee suggested that in addition to a long-term dietary intake risk assessment, as routinely carried out for plant protection products, beta-cyfluthrin and cyfluthrin should also undergo a short-term acute dietary risk assessment to evaluate their potential neurotoxicity properties. The Committee confirmed that uses as seed dressing and in greenhouses (except where beneficial arthropods are used) can be considered safe for non-target terrestrial and aquatic organisms, due to the specific circumstances of these applications and the immobility of beta-cyfluthrin and cyfluthrin in soil. The Committee furthermore supports the conclusions reached during the evaluation by the Member States that field spray applications of beta-cyfluthrin and cyfluthrin have not shown to be sufficiently safe under the criteria required by Annex VI to Directive 91/414/EEC. Following the opinion of the Scientific Committee on Plants the short term dietary risk assessment was subsequently provided and discussed with the Member States. It was concluded that the short-term intake of residues is not likely to exceed acceptable limits.

An asset should be classified as a current asset when it:

Some enterprises distinguish current assets and liabilities from non-current assets and liabilities.

Current liabilities can be categorised in a similar way to current assets.

Other methods limit this adjustment to the monetary assets and liabilities included in the working capital of the enterprise.

Examples of segment assets include current assets that are used in the operating activities of the segment, property, plant, and equipment, assets that are the subject of finance leases (IAS 17, leases), and intangible assets.

Whereas public authorities often deposit short-term funds with public credit institutions on normal commercial terms;

The original IAS 12 did not specify whether an enterprise should classify deferred tax balances as current assets and liabilities or as non-current assets and liabilities.

Marketable securities are classified as current assets if they are expected to be realised within 12 months of the balance sheet date;

When an enterprise makes a distinction between current and non-current assets and liabilities in its financial statements, it should not classify deferred tax assets (liabilities) as current assets (liabilities).

IAS 12 (revised) requires that an enterprise which makes the current/non-current distinction should not classify deferred tax assets and liabilities as current assets and liabilities.

Total assets less current liabilities

As working capital, to meet the short-term liquidity needs of the first account; and

These resources may be used to finance short-term emergency actions in accordance with Article 72(3) of the ACP-EC Agreement;

For example, increases in short-term interest rates may not have a material effect on the discount rate used for an asset that has a long remaining useful life;

It also highlights assets that are expected to be realised within the current operating cycle, and liabilities that are due for settlement within the same period.

Funds administered by ATHENA, including those entrusted to an operation commander, may not be deposited other than with a first-rate financial institution in euro in a current or short-term account.

Each enterprise should determine, based on the nature of its operations, whether or not to present current and non-current assets and current and non-current liabilities as separate classifications on the face of the balance sheet.

Information on the expected date of recovery and settlement of non-monetary assets and liabilities such as inventories and provisions is also useful whether or not assets and liabilities are classified between current and non-current.

In its opinions(7)(8), the Committee suggested that in addition to a long-term dietary intake risk assessment, as routinely carried out for plant protection products, beta-cyfluthrin and cyfluthrin should also undergo a short-term acute dietary risk assessment to evaluate their potential neurotoxicity properties.

In most countries financial statements are prepared on the historical cost basis of accounting without regard either to changes in the general level of prices or to changes in specific prices of assets held, except to the extent that property, plant and equipment may have been revalued or inventories or other current assets reduced to net realisable value.