IFRS 5 Non-current Assets Held for Sale and Discontinued Operations

Hi, The asset is held under the revaluation model, so will be revalued to fair value prior to the transfer of the PPE to a NCA-HFS. This gives the gain of 158 and we revalue from 667 to 825, which goes through OCI. We then transfer the asset to the NCA-HFS category, where it is valued at the lower of the CV (=FV) and the FVLCTS (fair value less costs to sell). The FV is 825 and FVLCTS is 822 (825 - 3) and so the lower is the 822 which gives rise to the 3 being the impairment loss. Hope that clears it up for you. Thanks