DISCONTINUED OPERATION Component of an entity that Component

either has been disposed of of an entity

or is classified as held for sale

NONCURRENT ASSET Represents a separate

HELD FOR SALE DISPOSAL GROUP major line of business
or geographical area
MEASUREMENT Held for sale if carrying of operations
PRESENTATION CONDITIONS FOR TIMING OF MEASUREMENT
amount will be CLASSIFICATION REPORTING
recovered principally I part of a single co-
Lower of carrying Separately as
through a sale Lower of ordinated plan to
amount and fair value current Available for When the carrying
transaction rather than dispose of a separate
less cost of disposal immediate sale in the entity has amount and
through continuing use. major line of business
present condition actually fair value less
dispose of the cost of disposal
or geographical area
Fair value Cost of disposal operation of operations
If fair value less Change in Highly probable
cost of disposal Classification
When the operation Is a subsidiary
Price that would The is lower than Management must be meets the criteria to be acquired exclusively
be received to sell incremental carrying amount Noncurrent committed to a plan classified as held for sale with a view to resale
an asset or paid cost directly of the asset or asset that to sell the asset or
to transfer a attributable to disposal group ceases to be disposal group
liability in an the disposal of classified as DISCLOSURES
held for sale PRESENTATION
orderly an asset or An active program to
Impairment loss at the lower
transaction disposal group locate a buyer and Revenue, expenses and
between market but excluding of: complete the plan income or loss during the
Income/loss from
participants at the finance cost must have been current period and the
discontinued operation net of
and income initiated related income tax
measurement tax shall be presented as a
Carrying amount before the
date tax expense single amount in the income
asset was classified as held for The sale is expected Any impairment loss
sale adjusted for any statement below the income
to be “completed
Recognize a depreciation or amortization Any gain or loss from the from continuing operations
sale” within one year
Subsequent gain but not in that would have been actual disposal of the
from the date of assets and settlement of
increase in fair excess of any recognized if the asset have not If a disposal group is classified
classification as held the liabilities
value impairment loss been classified as held for sale. as held for sale in the current
for sale.
previously year, the results of the
The termination cost of
recognized Recoverable amount at the The asset or disposal disposal group for prior period
employees
date of the subsequent decision group must be shall be re-presented as
Abandoned not to sell actively marketed for relating to discontinued
noncurrent sale at a sale price Abandoned operation in the comparative
asset Carrying amount will be recovered principally that is reasonable in discontinued operation figures for the current year’s
through continuing use or the noncurrent asset is Actions required
relation to the fairto income statement
to be used until the end of its economic life. complete the plan
value.
Shall not classify as indicate that it is Reported in
held for sale unlikely that the plan discontinued Assets and liabilities of the
Temporarily abandoned
will be significantly operations at the date group shall be presented
changed or on which they are separately and cannot be
Shall not account as abandoned withdrawn actually abandoned offset as a single amount.