Question

summary of the disclosure of the current liabilities and financial liabilities of Philippines Seven Corporation (7/11)

Answer 1

In current liabilities section of Phillipines Seven Corporation Financial statements there is bank loans, current portion of long term debts, accounts payable and accrued expenses , lease liabilities- current , current portion of contract liabilities, Income tax payable and other current liabilities.

Financial liabilities include both current and non current liabilities

hence under non current liabilities there is long term debt- net of current portion , lease liabilities- net of current portion, deposits payable, contract liabilities- net of current portion, net retirement obligations, cumulative redeemable preference shares