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Hello Sir, thanks for the lectures, it is really amazing.
I have a clarification though.
During the lecture on the IFRS 5, discontinued operations, you stated that we only have to report and disclose a discontinued operations in the period that the asset was either sold or decided to be held for sale.However, in the example 3, I noticed you adjusted for the discontinued operations in year 2016 though the question stated that the business wound up in March 2017. I expected that we maintained the figures for 2016 as it is, just for comparative purpose.Kindly clarify why we have to report and disclose discontinued operations in 2016.
Thank you.
Hi,
It is for comparative purposes. It would not have been disclosed as such last year and so the users of the accounts need this information to assist in the decision making process.
Thanks
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