Page 67 - FR Integrated Workbook 2018-19

Non-current assets held for sale and discontinued operations

Assets held for sale

1.1 Definition

An asset held for sale is one where the carrying amount of the asset
will be recovered primarily from a sales transaction rather than
continuing use.

1.2 Summary of recognition and measurement

Assets held for sale
Sale expected
Marketed within 12
at fair value
months
Must be available for

immediate sale in
Active present condition and Committed
programme to sale must be highly management
locate buyer probable plan to sell

Present Measure at lower of:
separately on – Carrying amount If revaluation
statement of model used,
– Fair value less costs to revalue before
financial sell reclassification
position

Stop depreciation
once reclassified

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