Other Non-Current Assets

Explanation: Other Non-Current Assets refer to long-term assets recorded on a company’s balance sheet that do not fall under specific categories such as capital work in progress, non-current investments, long-term loans and advances, and net block. These assets typically include items such as deferred tax assets, intangible assets, goodwill, and other long-term assets that are not readily convertible into cash or consumed within the next accounting year.

Example: TCS reports other non-current assets of 4,210 crore rupees as of FY23. These assets encompass various long-term assets not classified under capital work in progress, non-current investments, long-term loans and advances, or net block. Examples of other non-current assets for TCS may include deferred tax assets arising from temporary differences between accounting and tax treatments, intangible assets such as patents or trademarks, and goodwill resulting from acquisitions. Monitoring changes in other non-current assets helps stakeholders understand the composition of TCS’s long-term assets and assess its investment in intangible assets and future growth potential.

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