The assignment content discusses the liabilities of JB Hi-Fi Limited, a company that operates in the retail industry. The main types of liabilities mentioned are current liabilities and non-current liabilities. Current liabilities include accounts payable, interest payable, accrued expenses, tax liabilities, short-term loans, and dividends declared. Non-current liabilities include borrowings and provisions. Provisions are amounts set aside from profits to meet future obligations or settlements. The assignment also discusses the increase in current liabilities and provisions for JB Hi-Fi Limited's financial year 2015-2016 compared to the previous year.