CERTYNEX IFRS ACADEMY

Parent company Valtour commits to a plan to sell 70% of a subsidiary that on its own represents a separate major line of business; it will keep 30% without control. The classification criteria are met. Which conclusion is consistent with IFRS 5?

Information on discontinued operations is given if the definition is met, even with a retained interest.

No information on discontinued operations is given as long as the parent keeps an interest, even a minority one, in the subsidiary.

The 70% share sold alone is presented as a discontinued operation, the retained 30% interest being left out of the analysis.

The retained 30% interest is also presented as a discontinued operation, like the share sold.