(Learning Objective 3: Classifying liabilities based on liquidity) The same review in E4-25B above resulted in the following information on PS Broadcasting’s liabilities at the end of December 31, 20X5.

■ Trade payable of €127,000

■ Note payable of €190,000 due July 1, 20X7

■ Interest accrued for note payable €4,800 (payable every quarter, the next payment being on April 1, 20X6)

■ Provisions for unbilled expenses of €24,200

■ Provision for employee benefit of €191,500 (first employee retirement expected in 20X9)

■ Interest-free loan from a shareholder, totaling €200,000, repayable in eight equal quarterly installments, fi rst payment due on March 1, 20X6.

What are PS Broadcasting’s current and non-current liabilities?