Reclassification to continuing operations

Learning objectives

• Explain the reclassification into continuing operations of a component that is no longer classified as held for sale.L3, L4

Normative references

• IFRS 5 §36If a component ceases to be classified as held for sale, its results previously presented in discontinued operations are reclassified and included in income from continuing operations for all periods presented, with the amounts for prior periods described as having been re-presented.

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

1 question

• Four statements concern a component that ceases to be held for sale. Which one is wrong?L3