|
Commission Regulation
(EC) No 2236/2004 of 29 December 2004 amending
Regulation (EC) No 1725/2003 adopting certain
international accounting standards in accordance with
Regulation (EC) No 1606/2002 of the European Parliament
and of the Council as regards International Financial
Reporting Standards (IFRSs) Nos 1, 3 to 5, International
Accounting Standards (IASs) Nos 1, 10, 12, 14, 16 to 19,
22, 27, 28, 31 to 41 and the interpretations by the
Standard Interpretation Committee (SIC) Nos 9, 22, 28
and 32.
Content |
|
- |
Gains or losses
relating to continuing operations
37. Any gain or
loss on the remeasurement of a non-current asset (or
disposal group) classified as held for sale that does
not meet the definition of a discontinued operation shall be
included in profit or loss from continuing operations.
Presentation of
a non-current asset or disposal group classified as held for
sale
38. An entity
shall present a non-current asset classified as held for
sale and the assets of a disposal group classified as held
for sale separately from other assets in the balance sheet.
The liabilities of a disposal group classified as held for
sale
shall be presented separately from other liabilities in the
balance sheet. Those assets and liabilities shall not be
offset
and presented as a single amount. The major classes of
assets and liabilities classified as held for sale shall be
separately
disclosed either on the face of the balance sheet or in the
notes, except as permitted by paragraph 39. An entity shall
present separately any cumulative income or expense
recognised directly in equity relating to a non-current
asset (or
disposal group) classified as held for sale.
39. If the
disposal group is a newly acquired subsidiary that meets the
criteria to be classified as held for sale on acquisition
(see paragraph 11), disclosure of the major classes of
assets and liabilities is not required.
40. An entity
shall not reclassify or re-present amounts presented for
non-current assets or for the assets and liabilities of
disposal groups classified as held for sale in the balance
sheets for prior periods to reflect the classification in
the balance
sheet for the latest period presented.
Additional
disclosures
41. An entity
shall disclose the following information in the notes in the
period in which a non-current asset (or disposal group) has
been either classified as held for sale or sold:
(a) a
description of the non-current asset (or disposal group);
(b) a
description of the facts and circumstances of the sale,
or leading to the expected disposal, and the expected
manner
and timing of that disposal;
(c) the gain
or loss recognised in accordance with paragraphs 20-22
and, if not separately presented on the face of
the income statement, the caption in the income
statement that includes that gain or loss;
(d) if
applicable, the segment in which the non-current asset (or
disposal group) is presented in accordance with
IAS 14 Segment Reporting.
42. If either
paragraph 26 or paragraph 29 applies, an entity shall
disclose, in the period of the decision to change the plan
to sell the non-current asset (or disposal group), a
description of the facts and circumstances leading to the
decision and the effect of the decision on the results of
operations for the period and any prior periods presented.
Transnational
Provisions
43. The IFRS shall
be applied prospectively to non-current assets (or disposal
groups) that meet the criteria to be classified as held for
sale and operations that meet the criteria to be classified
as discontinued after the effective date of the IFRS. An
entity may apply the requirements of the IFRS to all
non-current assets (or disposal groups) that meet the
criteria to be classified as held for sale and operations
that meet the criteria to be classified as discontinued
after any date before the effective date of the IFRS,
provided the valuations and other information needed to
apply the IFRS were obtained at the time those criteria were
originally met.
Effective date
44. An entity
shall apply this IFRS for annual periods beginning on or
after 1 January 2005. Earlier application is encouraged. If
an entity applies the IFRS for a period beginning before 1
January 2005, it shall disclose that fact.
Withdrawal of
IAS 35
45. This IFRS
supersedes IAS 35 Discontinuing Operations.
Previous |
Index |
Next
|
