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IFRS05

IFRS 5 Non-current Assets Held for Sale

IFRS 5 Non-current Assets Held for Sale (and Discontinued Operations) requires an entity to implement processes to ensure that:

  • A non-current asset or disposal group is classified as held for sale if its carrying amount will be recovered principally through a sale transaction instead of through continuing use;
  • Assets held for sale are measured at the lower of the carrying amount and fair value less costs to sell;
  • Depreciation of an asset to cease when it is held for sale;
  • Separate presentation in the statement of financial position of an asset classified as held for sale and of the assets and liabilities included within a disposal group classified as held for sale; and
  • Separate presentation in the statement of comprehensive income of the results of discontinued operations.


IFRS 5 Non-current Assets Held for Sale is Copyright: IFRS Foundation f:CSFP

Hierarchy

IDNameLevelx
IFRSInternational Financial Reporting Standards0IFRS
IFRS05IFRS 5 Non-current Assets Held for Sale1IFRS05
IFRS 5 Non-current Assets Held for Sale International Financial Reporting Standards 00005 1 IFRS, Standard, Financial, Reporting, GAAP, Non-current, Asset, Discontinued, Operations IFRS 5 requires processes to account for non-current assets held for sale and discontinued operations