Reading a balance sheet is instrumental in understanding the business’s financial position. This particular financial report is a snapshot of a moment in time. It can change dramatically in a minute so understanding the perspective of the report and its respective sections will help you to be better informed.
Non-current assets are assets that are generally purchased or made that have more than a 12 month or current business cycle attached to them. Examples include Goodwill, Deposits for Facilities, start-up costs and long term loans made to outside parties.