Working capital with non-current assets / liabilities
Hi!
Currently building a 3 statement model from AR of a public company and have questions reg. the working capital calculation.
My understanding is that WC should take into consideration only items from Current Assets / Current Liabilities, however I am unsure what to do with some other items:
Non-current assets
- What happens to "Other receivables"? What happens to non-current "Contract Assets"? Do I count them into WC or simply project them constant going forward?
Current assets:
- What happens to "Current Tax receivables"? Part of NWC or cash-like item?
Non-current liabilities
- What happens to "Trade and other payables" and "Deferred income"? Do I count them into WC or simply project them constant going forward?
Current liabilities:
- What happens to "Current tax payable"? Do I count them into WC or simply project them constant going forward?
Thank you!
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