Mention of criteria met after the reporting period

Learning objectives

• Identify the information to be disclosed when the criteria are met after the reporting period.L3

Normative references

• IFRS 5 §12Criteria met after the reporting period: no classification as held for sale in the financial statements for that period; if the criteria are met before the financial statements are authorised for issue, the information in para. 41(a), (b) and (d) is disclosed in the notes.
• IFRS 5 §41Note disclosures for the period of classification or sale: (a) a description of the asset or disposal group; (b) the facts and circumstances of the sale, or leading to the expected disposal, and the expected manner and timing of that disposal; (c) the gain or loss recognised in accordance with paras 20 to 22 and, if not presented separately, the caption in the statement of comprehensive income that includes it; (d) if applicable, the reportable segment (IFRS 8).

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

1 question

• Lindor's accounts are drawn up at 31 December. The following February, before their authorisation, the board approves the sale of a plant and all the classification criteria are then met. Which information is consistent with IFRS 5 in the notes to the 31 December accounts?L3