ASIC today welcomed the decision by Slater & Gordon Limited (Slater & Gordon) to reclassify certain assets as non-current assets in its results for the year ended 30 June 2015.

Following ASIC’s enquiries, Slater & Gordon has reclassified part of its debtors and disbursement assets as non-current assets. ASIC also notes the early adoption of accounting standard AASB 15 Revenue from Contracts with Customers.

ASIC is continuing its other enquiries in relation to financial reporting by Slater & Gordon.