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Chapter 12

Discontinued Operations

2.1 Definition

By definition from IFRS 5 Non-current Assets Held for Sale and Discontinued
Operations, a discontinued operation is 'a component of an entity that either has
been disposed of or is classified as held for sale, and:

 that represents a separate major line of business or geographical area of
operations;

 that is part of a single coordinated plan to dispose of a separate major line of
business or geographical area of operations, or

 that is a subsidiary acquired exclusively with a view to resale’ (IFRS 5, para
32)

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