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Hi sir,
Could u clarify the difference between these concepts
1) non current assets held for sale
2) disposal group
3) discountinued operations
Thanks v much
Hi,
They are all very closely linked. NCA-HFS is a specific asset that is being sold in the next twelve months, whilst the disposal groups is a group of assets (CGU) that is being disposed of in the next twelve months. The treatment of these is then dealt with on the SFP.
If we have a NCA-HFS then we need to consider if it also meets the definition of a discontinued operation to be disclosed on the SPL. This obviously won’t apply to a single asset held for sale but is likely for a disposal group. Have a look at the criteria for a discontinued operation in the notes.
Thanks
Thanks v much for this great, well explainations
Ive looked into the notes regarding discountined operations
However am not totally clear
1) Could u explain it more?2) is it always the accounting treatement for discountinued operations is to be disclosed only?
3) disposal of whole sub 100% is this a disposal group and discounted operations ?
Thanks v much
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