For the purposes of the Balance Sheet section of the CDP, “current” means “within the next year,” and “non-current” means “in more than one year.”
For example, a “current asset” is one held by your organization that you expect to be converted into cash in the next year, while a non-current asset is one you expect to hold for more than one year, or is scheduled to be converted into cash at a date more than one year in the future (such as a multi-year grant). A “current liability is one that is scheduled to come due within the next fiscal year, while a non-current liability is one scheduled to come due more than one fiscal year in the future.
Current asset
An asset that will be converted into cash within one year.
Current liability
An obligation due within one year.
Non-current asset
A long-term asset that your organization expects to hold for more than one year, or which is not due to be collected until a future year.
Non-current liability
An obligation due in more than one year, such as the long-term portion of a loan or mortgage.
