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
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Hierarchy
| ID | Name | Level | x | | IFRS | International Financial Reporting Standards | 0 | IFRS |
| IFRS05 | IFRS 5 Non-current Assets Held for Sale | 1 | IFRS05 |
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