Let's look at the characteristics of non current assets First of all because it's an asset, this means it's going to provide future economic benefit to a business And because it's non current, this means it's going to be around for more than one year i.e into the long term If it was going to be around for less than one year, then that would be a current asset Now broadly speaking, non current assets fit into three categories The first of these is tangible, tangible non current assets Tangible means you can see them, touch them, feel them Good examples include land, buildings, plant & equipment, fixtures and vehicles The second category is intangible assets Those that you can't see and touch and feel but they're still going to provide you some economic benefits Examples include goodwill, copyrights, patents, licenses and franchise fees And the third category are financial non current assets Good examples include financial investments, equity method investments and joint ventures All of these to be held for greater than one year