FDR Current or Non Current Investment

I have made a FDR of Rs. 3 Crs on 1st Jan 22 for 1 year which will be matured on 2nd Jan 23

And a FDR of 1 Crs made on 31st March 22 which will be matured on 31.03.23

is the above FDR is non current or current investment

what's the criteria of classification

kindly guide
Replies (5)
Quick Summary
This discussion clarifies whether Fixed Deposit Receipts (FDRs) are classified as current or non-current investments. The general rule is that investments maturing within 12 months from the balance sheet date are considered current. The conversation highlights the importance of considering the financial year-end (e.g., March 31st) when determining this classification, referencing accounting standards like AS 13 or IND AS 32 for definitive guidance.

Less than 12 months Investment= Current Investments.
More than 12 months Investment= Non Current Investments.
From balance sheet date or FDR date
We are prapering financial statements from April to March ,So that will be the 12 months.

Sorry, i can't understand others advicing me 12 months from the date of balance sheet 

i.e. for 2021 -22 date of balance sheet will be 31.03.2022 

and any FDR maturity date upto 31.03.23 will be current investment 

 

 

You have to refer AS 13 Investment or IND AS 32  applicable to you .

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