Disclosure on the change of plan

Learning objectives

• Identify the disclosures required when a plan of sale changes.L3

Normative references

• IFRS 5 §42When para. 26 or para. 29 applies, the entity discloses, for the period in which the decision to change the plan to sell is taken, the facts and circumstances leading to that decision and its effect on the results of operations for that period and any prior periods presented.

Original summaries of the paragraphs (reference register), never a quotation of the standard.

1 question

• The entity abandons a sale plan and an asset ceases to be classified as held for sale. What must the disclosure contain?L3