Non-current liability
The portion of the lease liability due after more than 12 months from the balance sheet date.
Definition
The non-current portion of the lease liability represents future scheduled payments falling due beyond 12 months of the balance sheet date. Together with the current portion, it comprises the total lease liability on the balance sheet.
Why it matters
The non-current portion of the lease liability is material for long property leases. The current/non-current split affects net working capital metrics and covenant calculations.
In AuditLease
AuditLease reports the non-current portion alongside the current split in all period-end reports and statutory note outputs.
Related terms
Put this into practice with AuditLease
AuditLease handles IFRS 16 and FRS 102 lease calculations, statutory note generation, journal entries, and audit evidence — so your team spends less time on spreadsheets and more time on judgements.
This definition is for general information only and is not accounting or legal advice. Definitions are based on IFRS 16, FRS 102, and associated guidance published by the IFRS Foundation and the Financial Reporting Council. Users should refer to the applicable accounting standards and their professional advisers for judgement-specific matters.