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There is big list of items which IASB belives shoukd be disclosed seperatly
One of the item is Total asset held for sale accoding to IFRS 5 (Non current assests held for sale or discontinued operations.
This one i understand but similar item called:-
j) Liabilites included in disposal group classified as held for sale in accordance with IFRS 5.
What do they mean by this? how can there is liabilities in asset held for sale.
I’d not worry about this for F1 as we do not look at group accounts and therefore this is not relevant. If you’re interested it is when a company disposes of a subsidiary from part of the group as opposed the disposal of an individual asset that we’ve seen at this level.
Okay that makes sense, a subsidiary which would be held for sale will have assets as well as liabilities. thanks a lot sir!