Page 47 - 2018 FAC4864 Test 4 slides - Borrowing Costs & IFRS 5
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NON-CURRENT ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS
Subsequent remeasurement of an individual
asset or disposal group
Assets that fall within the scope for measurement
requirements for IFRS 5
• On subsequent remeasurement of an individual asset
or disposal group, the carrying amounts of non-current
assets that fall within the scope of the measurement
requirements of IFRS 5.5 will be the fair values less
costs to sell less any impairment losses that were
determined at initial classification.
• If the fair value less costs to sell at subsequent
remeasurement is different from the fair value less
costs to sell at initial classification it should be
remeasured to the "new" fair value less costs to sell,
resulting in a further impairment loss or a reversal of a
previous impairment loss.
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