Query in classification of term loan in revised schedule vi

Whole Amt. is to be shown as Term loan because time limit for considering a loan as Term loan is the period over which it is to be repaid , therefore it doesn't matter that it is repayable monthly/quaterly or yearly...the only thing that matter is that what will be the total period for which the loan will be outstanding (mind it outstanding and not overdue)

Hope its clear and if not pls back to forum.

The whole of the Amount should be shown as TERM LOAN

The whole of the Amount should be shown as TERM LOAN

Current Maturities of Long Term Borrowings (Term Loan in this case) should be classified under Other Current Liabilities.

Current Maturities of Long Term Debt has to be seggregated from the amount of Term Loan.

In relation to current maturities of long term debt or finance lease obligation, those payment which fall due within 12 months of the reporting date should be disclosed under this head. Those payment which do not fall due within 12 months should be shown under the head 'Long Term Borrowings'.

Part of loan which is due for payment within 12 months of the reporting date is to be classified as current liability and the rest is to be classified as non current liability

regards