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IFRS 5

This topic has 1 reply, 2 voices, and was last updated 10 years ago by MikeLittle.

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December 3, 2015 at 1:06 pm #287249
fazeel93
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- Topics: 71
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Where does the impairment loss of assets held for sale and discontinued operations go?
December 3, 2015 at 1:32 pm #287257
MikeLittle
Keymaster
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On initial reclassification the impairment goes to statement of profit or loss. There shouldn’t be an need again to revalue (great expectation of sale within 12 months!)
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