IFRS 5

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January 25, 2019 at 10:00 am #503247
badare
Participant
- Topics: 4
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Hello Sir

I have a question regarding NCA -HFS in the notes; page 49.
In the example , the reserve calculated is 1400 rather than 1200 (15100-13900)
As the calculation is done for the period ending 31 Dec 2015 , gain on sale of NCA -HFS can not be factored in as the sale occured on 31 Jan 2016.

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January 27, 2019 at 8:25 am #503382
P2-D2
Keymaster
- Topics: 4
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Hi,

I think it is a small error in the answer and the revaluation reserves should be 1,200. Yes, the gain on sale cannot be recognised until the sale takes place.

Thanks
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