Hi. BPP question 107. on working out the current liability as at the end of reporting date of first year, the examiner worked out liabilities for both first and second year then concluded the difference as CL. Well, i thought in closure remarks on example 2 of page 50 of the notes the CL is amount due in less than 12month(the interest charge will increase the outstanding balance but will not be fully settled in 12month period). simply the cash to be paid in advance in the following accounting period. a bit confused.
You need to follow the trick of using the lease payable table. Look at the final payment of the following year, and the number immediately to the right of it in the table is the non-current liability.