Non-current liabilities

(NCL).

Financial reporting - balance sheet - assets & liabilities.

Liabilities that are likely to be settled after more than a year or a normal accounting cycle.

In very simple definitions of capital employed, the terms 'non-current liabilities' and 'debt' are sometimes used interchangeably.

See also

• Balance sheet
• Capital employed
• Current assets
• Current liabilities
• Debt
• Non-current assets
• Property, plant and equipment
• Return on capital employed