Non Current Liabilities
<p ><b>Long-term liabilities</b> are <a href="https://en.wikipedia.org/wiki/Liability_(accounting)" class="mw-redirect" title="Liability (accounting)" >liabilities</a> with a future benefit over one year, such as notes payable that mature longer than one year.
In accounting, the long-term liabilities are shown on the right wing of the balance-sheet representing the sources of funds, which are generally bounded in form of capital assets.
Examples of long-term liabilities are <a href="https://en.wikipedia.org/wiki/Debenture" title="Debenture" >debentures</a>, <a href="https://en.wikipedia.org/wiki/Mortgage_loan" title="Mortgage loan" >mortgage loans</a> and other bank <a href="https://en.wikipedia.org/wiki/Loan" title="Loan" >loans</a>. (Note: Not all bank loans are long term as not all are paid over a period greater than a year, an example of this is a <a href="https://en.wikipedia.org/wiki/Bridging_loan" class="mw-redirect" title="Bridging loan" >bridging loan</a>.)
By convention, the portion of long-term liabilities that must be paid in the coming 12-month period are classified as <a href="https://en.wikipedia.org/wiki/Current_liability" title="Current liability" >current liabilities</a>. For example, a loan for which two payments of $1000 are due, one in the next twelve months and the other after that date, would be 'split' into two: the first $1000 would be classified as a current liability, and the second $1000 as a long-term liability (note this example is simplified, and does not take into account any interest or discounting effects, which may be required depending on the accounting rules).
Also "long-term liabilities" are a way to show that you have to pay something off in a time period longer than one year.</p>