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

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IFRS 5 requires:

• a non-current asset or disposal group to be classified as held for sale if its carrying amount will be recovered principally through a sale transaction instead of through continuing use;
• assets held for sale to be measured at the lower of the carrying amount and fair value less costs to sell;
• depreciation of an asset to cease when it is held for sale;
• separate presentation in the statement of financial position of an asset classified as held for sale and of the assets and liabilities included within a disposal group classified as held for sale; and
• separate presentation in the statement of comprehensive income of the results of discontinued operations.