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NON-CURRENT ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS

Measurement immediately before initial

classification as held for sale

• According to IFRS 5.18 the carrying amount of a non-current

asset (or all the assets and liabilities in a disposal group)
shall, immediately before the initial classification as held for

sale, be measured in accordance with the applicable IFRSs.

• An entity shall measure a non-current asset (or disposal

group) classified as held for sale at the lower of its carrying

amount (at the moment of reclassification) and fair value
less costs to sell – this adjustment is an impairment loss.

(IFRS 5.15)

• If a non-current asset held for sale (or disposal group) falls

outside the scope of IFRS 5 in respect of measurement

requirements, the individual item shall not be restated to
the lower of carrying amount and fair value less costs to sell,
but shall instead be carried at the value determined by

applying the relevant standard relating to that asset.

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