Page 34 - PowerPoint Presentation
P. 34

NON-CURRENT ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS



            Individual assets no longer classified as held for

            sale





            • The entity shall include any required adjustment to the

                carrying amount of a non-current asset that ceases to be
                classified as held for sale in income from continuing

                operations in the period in which the criteria for
                classification are no longer met.


            • The adjustment must be included in the same caption in the

                statement of comprehensive income used to present a gain
                or loss, if any, that is recognised on measuring an item that

                has been classified as held for sale but that is not a
                discontinued operation.


            • However, if the asset under consideration is either a PPE

                item or intangible asset that has been carried under the
                revaluation model per IAS 16 or IAS 38, the adjustment shall
                be treated as a revaluation increase or decrease. (IFRS 5.28)





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