CERTYNEX IFRS ACADEMY

At 31 December, Neumois holds phones of a model replaced by its manufacturer in November. In January, it sells them below cost. What should be concluded for the accounts at 31 December?

The January sale is an event of the following period, with no effect on the accounts just closed.

The sale confirms a loss in value already present at the reporting date: the inventory is written down.

The sale at a loss should only be disclosed in the notes, without changing the inventory amount.

One must wait until the inventory is entirely sold to measure the loss.