As per IAS 1, Prepaid expenses are itemized as current assets on the statement of financial position, and should include advance payments for any expenditure that would have otherwise been made during the next 12 months. The prepaid expense account does not include deposits, since they are typically not converted back to cash until the ends of the associated agreements, which are often more than one year beyond the date of the statement of financial position.
Hence, we can include the same as separate line item under group current asset in statement of financial position.