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Final stage

On 25 September 2014, the International Accounting Standards Board issued Annual Improvements to IFRSs 2012–2014 Cycle. The revised standard has an effective date of 1 January 2016.

About the project

The amendments clarify the application of the guidance in IFRS 5 Non-current Assets Held for Sale and Discontinued Operations. The guidance is applicable to the case of a change in a disposal plan from a plan to sell a division by means of an initial public offering to a plan to spin off a division and distribute a dividend in kind to its shareholders.