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NON-CURRENT ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS

Introduction – IFRS 5

• IFRS 5 deals with the measurement, recognition and the

presentation and disclosure of non-current assets and
directly associated liabilities to be disposed of in the near

future and thus classified as held for sale.

• Furthermore, the standard provides guidance on

classification of non-current assets (or disposal groups) as

held for sale or as held for distribution to owners.

• IFRIC 17 provide guidance on how an entity should account

for such distribution of cash and non-cash assets to its
owners.

• Since discontinued operations would by definition comprise

largely of assets (and associated liabilities) held for sale,
disclosures and presentation on discontinued operations are

also dealt with in this standard.

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