C is corrent because IFRS permits netting of deferred taxes if they relate to the same taxing authority and only permits deferred taxes to be classified as noncurrent.
A is incorrect because IFRS only permits netting of deferred taxes if they relate to the same taxing authority. Therefore, statement I is incorrect.
B is incorrect because IFRS only permits netting of deferred taxes if they relate to the same taxing authority.
D is incorrect because statement II is also correct.
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