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Hi Mike!
If at the end of the reporting date, not all but some of the conditions for classifying an asset as held for sale are met. And after the reporting date, all the conditions are in fact met. Is this an adjusting event? or we record it in the next year?
It’s a non-adjusting subsequent event and only then it is disclosable if it’s a material amount (or qualitatively material)
“If at the reporting date, not all but some of the conditions for classifying an asset as held for sale are met …” is like saying that I’m partially pregnant! Or that some mouldy bread is ok in places
Some, but not all, of the criteria will be met for probably ALL the entity’s assets – they’re probably all in a condition ready for immediate sale – but we don’t sit and ponder whether these should be classed as held-for-sale
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