What's It Mean?

Current Market Value … is the value of assets expressed at current values as distinct from the value of fixed assets contained in most balance sheets which are effected at the original cost which is known as the ‘historical cost’ for the acquisition of the fixed asset.

Fixed Assets… are items owned by the business which are not expected to be converted into cash in the short term but are used to generate business revenue. For example, land and buildings, motor vehicles, fixtures and fittings etc.

Long Term Liabilities… are amounts owed by the business which, in the normal course of events, are not due for payment within the next 12 months.
Example: Component of a loan which, in the normal course of business, is not due for payment until 12 months’ time.