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12. Other assets

Note

2020
$m

2019
$m

Current

Green commodities scheme certificates and instruments

216

251

Prepayments

55

52

Total current other assets

271

303

Non-current

Defined benefit superannuation plan asset

31

3

7

Other

-

32

Total non-current other assets

3

39

ACCOUNTING POLICY

Green commodity scheme certificates

AGL participates in a number of renewable energy and energy efficiency schemes administered by the Commonwealth and State governments. AGL holds green commodity scheme certificates in order to satisfy its surrender obligations under the various schemes.

Green commodity scheme certificates are initially recorded at cost, being the fair value of the consideration paid or the cost of generation of the certificate. Subsequent to initial recognition, green commodity scheme certificates are recorded at cost, being the fair value of the consideration paid or the cost of the generation of the certificate.

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