The single amount

Learning objectives

• Calculate the single post-tax amount for discontinued operations: post-tax profit or loss for the period and post-tax gain or loss on measurement or disposal.L2, L3, L4
• Prepare the presentation of the single amount and its analysis in an integrated case.L4

Normative references

• IFRS 5 §33Presentation of discontinued operations: a single amount in the statement of comprehensive income (post-tax profit or loss of discontinued operations and post-tax gain or loss recognised on measurement to fair value less costs to sell or on disposal); an analysis of that amount in the statement or in the notes; the net cash flows attributable to the operating, investing and financing activities of those operations in the statement of cash flows or in the notes; the amount attributable to owners of the parent.

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

3 questions

• Norbel's transport business is a discontinued operation. Over the year, its revenue is {revenue}, its expenses {expenses} and the corresponding income tax {income_tax} (case datum). Calculate the post-tax result of the discontinued operation for the year.L2
• The Printing division of Salvan is a discontinued operation. Its post-tax operating result for the year is a profit of {operating_result_after_tax}. Measuring the division at the lower of carrying amount and fair value less costs to sell led to a post-tax loss of {remeasurement_loss_after_tax}. Calculate the single amount to present for the discontinued operation.L3
• The Rivarel group presents a discontinued operation whose post-tax result is a profit of €140,000 and whose measurement at the lower amount led to a post-tax loss of €50,000. Which presentation is consistent with IFRS 5?L4