| Financial Reporting Standard 5 |
CONTENTS
| INTRODUCTION | paragraphs
IN1-IN6 | Financial Reporting Standard 5
Non-current Assets Held for Sale and
Discontinued Operations | | | OBJECTIVE | 1 | | SCOPE | 2-5 | CLASSIFICATION OF NON-CURRENT ASSETS (OR DISPOSAL GROUPS)
AS HELD FOR SALE | 6-14 | | Non-current assets that are to be abandaoned | 13-14 | MEASUREMENT OF NON-CURRENT ASSETS (OR DISPOSAL GROUPS) CLASSIFIED
AS HELD FOR SALE | 15-29 | | Measurement of a non-current asset (or disposal group) | 15-19 | | Recognition of impairment losses and reversals | 20-25 | | Changes to a plan of sale | 26-29 | | PRESENTATION AND DISCLOSURE | 30-42 | | Presenting discontinued operations | 31-36 | | Gains or losses relating to continuing operations | 37 | Presentation of a non-current asset or disposal group classified
as held for sale | 38-40 | | Additional disclosures | 41-42 | | TRANSITIONAL PROVISIONS | 43 | | EFFECTIVE DATE | 44 | | WITHDRAWAL OF FRS 1352004 | 45 | | APPENDICES | | | A Defined terms | | | B Application supplement | | Extension of the period required to complete a sale
| |
Style
Additions to IFRSs are clearly identified and would be made in a manner that preserves the format and structure of the IFRSs. If a new paragraph is added, that paragraph would be labelled with the preceding paragraph number followed by a capitalised alphabet and the word "added" is included at the right side of the paragraph. If a paragraph is deleted, the text would be marked as deleted text by the inclusion of the word "deleted" at the right side of the paragraph and the reason for the deletion is explained at the end of the paragraph. [New paragraph or deleted paragraph without the indication of "added" or "deleted" at the right side of the paragraph is amendments made by the IASB.] Additions or deletions made within the paragraph in IFRSs would be shaded and underlined or struck through respectively. [Those additions and deletions which are underlined or struck through without shading are amendments made by the IASB.]
| Financial Reporting Standard 5 Non-current Assets Held for Sale and Discontinued Operations (FRS 5) is set out in paragraphs 1-45 and Appendices A-B. All the paragraphs have equal authority. Paragraphs in bold type state the main principles. Terms defined in Appendix A are in italics the first time they appear in the Standard. Definitions of other terms are given in the Glossary for Financial Reporting Standards. FRS 5 should be read in the context of its objective and the Basis for Conclusions, the Foreword to Financial Reporting Standards and the Framework for the Preparation and Presentation of Financial Statements. FRS 108 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies in the absence of explicit guidance. | |
|
Our Standards 
