Discontinued operations — OpenTuition Forums

Ccrazyjames10804y ago

Hi Chris https://www.youtube.com/watch?v=47UE9hSnFNo&t=532s&ab_channel=OpenTuition In the above video under Example 2, you've said that under 2006, the car manufacturing operation IS held for sale. Can you possibly explain why that is? I only ask as it doesn't mention anything about selling the operation in the question. Thanks in advance. Kind regards James

P2-D2Tutor4y ago#1

Hi, Yes, so in 2006 the decision was taken to close down the car operation so it will be a discontinued operation. Thanks

Ccrazyjames10804y ago#2

Hi Chris OK, thanks for that. I am still a bit confused about this. So closing down a operation = held for sale in every instance? Thank you.

P2-D2Tutor4y ago#3

Hi, Yes, in the year in which the decision was made. Thanks

Ccrazyjames10804y ago#4

Hi Chris OK, thanks for your help here. Apologies for the late reply. Kind regards James

GGabriel4y ago#5

Hi Chris, https://www.youtube.com/watch?v=47UE9hSnFNo&t=532s&ab_channel=OpenTuition In the above video under Example 3, the decision to run down the material business was made in 2017. Why then do we restate the 2016 figures to reflect this decision, even though the segment was discontinued in 2017? Kind regards Gabby

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