Lesson 1, Topic 1
In Progress

Presentation

Assets classified as held for sale, and the assets and liabilities included within a disposal group classified as held for sale, must be presented separately on the face of the statement of financial position. [IFRS 5.38]

Disclosures

IFRS 5 requires the following disclosures about assets (or disposal groups) that are held for sale: [IFRS 5.41]

  • description of the non-current asset or disposal group
  • description of facts and circumstances of the sale (disposal) and the expected timing
  • impairment losses and reversals, if any, and where in the statement of comprehensive income they are recognised
  • if applicable, the reportable segment in which the non-current asset (or disposal group) is presented in accordance with IFRS 8 Operating Segments
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