Examples of Current Assets in a sentence
The Company has taken borrowings from banks on the basis of security of Current assets (only fixed deposits) during the current and previous financial year.
Current assets are assets that are intended to be realized, sold or consumed during the normal operating cycle of the Company.
DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES 2020 2019RMB’000 RMB’000 Deposits 2,068 2,041Prepayments3,9334,877Other receivables300550 6,301 7,468Less: Deposits and prepayments under non-current portion(1,765)(3,861) Current assets portion 4,536 3,607 None of the above assets was either past due or impaired.
Net Assets 2005 2004 Assets Current assets$ 165,590$ 136,124Capital assets, net 115,576 75,552Total assets 281,166 211,676LiabilitiesCurrent liabilities 98,824 54,762Total liabilities 98,824 54,762Net Assets Invested in capital assets115,57675,552Restricted for state funded programs925-Unrestricted 65,841 81,362Total net assets$ 182,342$ 156,914 Over time, net assets can serve as a useful indicator of a government’s financial position.
Current assets minus current liabilities) (15)] minus the value of all outstanding or uncompleted portions of the projects under ongoing contracts, including awarded contracts yet to be started, coinciding with the contract to be bid.