CERTYNEX IFRS ACADEMY

Isinvale is restructuring its textile business: closure of two workshops (detailed plan announced to employees in November 20X5) and sale of a third workshop, for which no binding agreement has been signed at 31 December. What is the treatment at 31 December 20X5?

No obligation for the whole, as long as the sale has not been signed.

An obligation for the whole business, including the sale, from the November announcement.

An obligation for the sale alone, since it is the most advanced.

An obligation for the announced closures; none for the unsigned sale.