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Thursday 31 July 2014

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Non-current Assets Held for Sale and Discontinued Operations: Write-down of a disposal group


 Interpretations Committee work in progress

IFRS 5 Non-current Assets Held for Sale and Discontinued Operations: Write-down of a disposal group

The issue is about how to recognise an impairment loss for a disposal group classified as held for sale in accordance with IFRS 5. This issue arises in a circumstance where the amount of the impairment loss exceeds the carrying amount of non-current assets in the disposal group.

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