Held for sale (IFRS5)

Hi,

Is there a decent question to review on this topic and is there a good way to approach such a question?

The limited questions I have seen appear to make this issue rather complex with depn, impairments and / or revaluations all taking place in the year.

Is there a standard tabular approach to this type of question?

Q25 MINCO JUN14

I completely follow the answer subject to a couple of typos e.g. ($4m – $1 – $0.1 m – $0.35) somehow equals $2.55m which I do get, however when an asset that is held for sale which is subsequently adjusted for impairments and revaluations a tabular approach would be nice, does one exist…?

The final part that is confusing me are the accounting entries, as follows:-

impairment $0.35m
DR P&L $0.35m
CR PPE $0.35m
impairment $0.15m
DR P&L $0.15m
CR PPE $0.15m
revaluation $0.12m
CR P&L $0.12m
DR PPE $0.12m
revaluation $0.43m (limited to the amount already impaired)
CR P&L $0.38m
DR PPE $0.38m
CR OCI $0.05m ?????? this is assumed as I cant find it in the answer ????????

Apologies for the long question, hopefully the answer is much shorter…

Thanks.