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ifrs 5

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › ifrs 5

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by P2-D2.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • September 9, 2018 at 7:06 pm #472452
    adarsh1997
    Participant
    • Topics: 646
    • Replies: 282
    • ☆☆☆☆

    Hello

    Rural has the following two lines of business that have been disposed of in the year:
    1.Sector X operated in Country A. Rural has no other operations in Country A, and Country A made up 0.5% of the total revenue of Rural.
    2.Sector Y operated in the same country as the Rural head office. It produced a different
    item from the other parts of Rural, and this item contributed 10% of the total revenue of
    Rural Co.
    Which of these Sectors, if either, should be disclosed as a discontinued operation in the
    current year?

    – Sector x is not a discontinued operations. Could you explain how?

    Thanks

    September 9, 2018 at 8:46 pm #472460
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7212
    • ☆☆☆☆☆

    Hi,

    It only makes up 0.5% of the total revenue and isn’t a major geographical location.

    Thanks

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