AASB 18 Presentation and Disclosure in Financial Statements 96-98: Present current and non-current classifications unless liquidity ordering gives a more useful summary, disclose amounts recoverable or settled after more than twelve months for mixed line items, and never classify deferred tax as current

What does 96-98 require?

The statement of financial position must split assets, and liabilities, between current and non-current, unless ordering everything by liquidity would give a more useful structured summary, in which case all assets and liabilities are presented by liquidity. Under either method, for each asset or liability line item that mixes amounts due within twelve months with amounts due later, the entity must disclose the amount expected after more than twelve months. Where the current and non-current split is used, deferred tax assets and liabilities must not be classified as current.