CERTYNEX IFRS ACADEMY

The board of Ulvane officially gives up selling a site classified as held for sale, for lack of an acceptable offer. Which conclusion is consistent with IFRS 5?

The site stays classified as held for sale, because the sale might resume one day.

The site is presented as a discontinued operation, since the sale is abandoned.

The site stays classified until the next closing, then leaves the classification on that date.

The site ceases to meet the criteria and is no longer classified as held for sale; the rules on ceasing classification apply.