Classification criteria

6 min · IFRS 5
01 · Concept

Classify as held for sale if available for immediate sale in present condition and sale is highly probable (usually within 12 months). Measure at lower of carrying amount and FVLCS.

  • 01Stop depreciation once classified.
  • 02Discontinued operations presented as single line in P&L.
  • 03Disclose nature, timing, and amounts.