QUESTION NO 2

No, the sports goods unit cannot be classified as “held for sale” on 30 June 2017
as the the order in hand are not completed & unit is not “available for immediate
sale” in its present condition but it can be classified as soon as it completes the
order on 30 September 2017.

PRESENTATION OF DISPOSAL GROUP CLASSIFIED AS “HELD FOR SALE”

The non-current assets of disposal groups classified as “held for sale” should be
presented separately from other assets in the statement of financial position. The
liabilities of disposal groups classified as “held for sale” should be presented
separately from other liabilities in the statement of financial position.

STATEMENT OF FINANCIAL POSITION

ASSETS
Non-Current assets
AAA XX
Current assets
BBB XX
CCC XX
Non-Current assets classified as “held for sale” XX
EQUITY & LIABILITIES
Equity
DDD XX

Non-current liabilities
EEE XX
Current liabilities
FFF XX
GGG
XX
Liabilities directly associated with non-current assets classified XX
as held for sale
Total equity & liabilities XX