Toller Corp. reports in accordance with IFRS. The controller
of the company is attempting to prepare the presentation of
deferred taxes on Toller?s financial statements. Which of the
following is correct about the presentation of deferred tax assets
and liabilities under IFRS?

Current deferred tax assets are netted against current
deferred tax liabilities.
All noncurrent deferred tax assets are netted against
noncurrent deferred tax liabilities.
Deferred tax assets are never netted against deferred
tax liabilities.
Deferred tax assets are netted against deferred tax liabilities
if they relate to the same taxing authority.