Hi Klogg. I've also read your post over on PNC, so here goes my interpretation of the situation:
There is no real hard science behind whether a PDL is classified as a "current" or "non-current" asset. It's just a guesstimate by the company of the PDLs they expect to consume within the next 12 months.
In regards to PNC having had $29m (June 30 2014) of PDL current assets and only amortising $16m in a year - I think they were just way off with their guesstimate. Or that they're not taking the current/non-current classification very seriously since they still managed to hit their guidance figures. Personally I don't see this as PNC doing anything sinister or improper.
If they were classifying and/or estimating properly, amortisation should be greater or equal to PDL current assets. Such as CCP in FY15 with $135m amortisation and $51m PDL current assets.
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