ifrs5 - IFRS 5 International Financial Reporting Standard 5...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
IFRS 5 © IASCF A171 International Financial Reporting Standard 5 Non-current Assets Held for Sale and Discontinued Operations This version includes amendments resulting from IFRSs issued up to 31 December 2009. IAS 35 Discontinuing Operations was issued by the International Accounting Standards Committee in June 1998. In April 2001 the International Accounting Standards Board (IASB) resolved that all Standards and Interpretations issued under previous Constitutions continued to be applicable unless and until they were amended or withdrawn. In March 2004 the IASB issued IFRS 5 Non-current Assets Held for Sale and Discontinued Operations , which replaced IAS 35. IFRS 5 and its accompanying documents have been amended by the following IFRSs: •I F R S 8 Operating Segments (issued November 2006) * A S 1 Presentation of Financial Statements (as revised in September 2007) * F R S 3 Business Combinations (as revised in 2008) A S 2 7 Consolidated and Separate Financial Statements (as amended in 2008) Improvements to IFRSs (issued May 2008) F R I C 1 7 Distributions of Non-cash Assets to Owners (issued November 2008) Improvements to IFRSs (issued April 2009) § F R S 9 Financial Instruments . ø * effective date 1 January 2009 effective date 1 July 2009 § effective date 1 January 2010 ø effective date 1 January 2013 (earlier application permitted)
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
IFRS 5 A172 © IASCF C ONTENTS paragraphs INTRODUCTION IN1–IN6 INTERNATIONAL FINANCIAL REPORTING STANDARD 5 NON-CURRENT ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS OBJECTIVE 1 SCOPE 2–5B CLASSIFICATION OF NON-CURRENT ASSETS (OR DISPOSAL GROUPS) AS HELD FOR SALE OR AS HELD FOR DISTRIBUTION TO OWNERS 6–14 Non-current assets that are to be abandoned 13–14 MEASUREMENT OF NON-CURRENT ASSETS (OR DISPOSAL GROUPS) CLASSIFIED AS HELD FOR SALE 15–29 Measurement of a non-current asset (or disposal group) 15–19 Recognition of impairment losses and reversals 20–25 Changes to a plan of sale 26–29 PRESENTATION AND DISCLOSURE 30–42 Presenting discontinued operations 31–36A Gains or losses relating to continuing operations 37 Presentation of a non-current asset or disposal group classified as held for sale 38–40 Additional disclosures 41–42 TRANSITIONAL PROVISIONS 43 EFFECTIVE DATE 44–44E WITHDRAWAL OF IAS 35 45 APPENDICES A Defined terms B Application supplement Extension of the period required to complete a sale C Amendments to other IFRSs APPROVAL BY THE BOARD OF IFRS 5 ISSUED IN MARCH 2004 BASIS FOR CONCLUSIONS DISSENTING OPINIONS IMPLEMENTATION GUIDANCE FOR THE ACCOMPANYING DOCUMENTS LISTED BELOW, SEE PART B OF THIS EDITION
Background image of page 2
IFRS 5 © IASCF A173 International Financial Reporting Standard 5 Non - cu r r en t A s s e t s H e ld fo r Sa l e and Discontinued Operations (IFRS 5) is set out in paragraphs 1–45 and Appendices A–C. All the paragraphs have equal authority. Paragraphs in bold type state the main principles.
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 19

ifrs5 - IFRS 5 International Financial Reporting Standard 5...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online