Non-Current Assets

Explanation: Non-Current Assets, also known as Long-Term Assets, are resources owned by a company that are not expected to be converted into cash or used up within one year. These assets have a useful life extending beyond the current accounting period and are typically held for long-term use rather than for immediate resale. Non-Current Assets include property, plant, and equipment, intangible assets such as patents and copyrights, long-term investments, and other assets not intended for sale or consumption in the near future.

Example: TCS has total non-current assets of 30,074 crore rupees as of FY23. These assets represent TCS’s long-term investments in property, plant, equipment, and other resources necessary for its ongoing operations and future growth. Non-Current Assets play a vital role in supporting TCS’s business activities and generating revenue over an extended period. Monitoring changes in the value and composition of non-current assets helps assess TCS’s asset base, capital investment strategies, and long-term sustainability.

You can view the Non-Current Assets for any company on Radar in the Balance Sheet section.