Advances from affiliates payable in 15 months after year-end is a current or non current liability

Advances from affiliates payable in 15 months after year-end is considered a non-current liability.

Here's why:

1. Liabilities are classified as either current or non-current.

2. Current liabilities are obligations that a company expects to pay off within one year or within its operating cycle, whichever is longer.

3. Non-current liabilities, also known as long-term liabilities, are obligations that are due beyond a year or the normal operation cycle of the company, whichever is longer.

4. In this case, since the advances from affiliates are payable in 15 months, which is more than a year, it is classified as a non-current liability.