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- February 14, 2020 at 6:24 pm
If an asset under ias38 is disposed, does it automatically classified under ifrs5 nca held for sale? Can you pls explain a little bit in details on the linked between this two
February 15, 2020 at 7:39 amOnly if. at the year end, it meets the conditions for HFS – i.e. active plan to sell etc
February 16, 2020 at 7:56 pmIf it is disposed of then no need of classifying it as held for sale. Just write it off.
However for it to be classified as held for sale, the conditions for classification under IFRS 5 would have to be met.
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