IFRS 5

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September 8, 2022 at 6:49 pm #665821
nirgunt
Participant
- Topics: 4
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Hi,
Given that in 2022, the management plans to discontinue Business Line X, should I also classify profit/loss from Business Line X as discontinuing operations in 2021(Comparative) while preparing my statement of profit or loss.
Please clarify, thanks for your great service.
September 11, 2022 at 8:50 pm #666175
P2-D2
Keymaster
- Topics: 4
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Hi,

Yes, that is correct. We need a like-for-like comparison to aid comparability and so we need to adjust the prior year figures.

Thanks
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