CERTYNEX IFRS ACADEMY

On 30 September, Telmar meets all the items of a plan to sell an industrial site. The sale is expected in May of the following year, i.e. after the 31 December closing but within one year. Which conclusion is consistent with the timing item?

The timing item is met: a sale expected within one year may take place after the closing.

The timing item requires the sale to be completed before the 31 December closing.

The timing item is the same as a likelihood threshold management must reach.

The timing item is assessed at the signing of the sale contract, not at the date of classification.