Prior remeasurement of the group

Learning objectives

• Calculate the remeasurement, under their own Standards, of the assets and liabilities of a disposal group that are outside the measurement scope of IFRS 5, before each subsequent remeasurement of the group.L3, L4

Normative references

• IFRS 5 §19On subsequent remeasurement of a classified disposal group, the assets and liabilities outside the measurement scope of IFRS 5 are first remeasured under their own IFRSs, and then the fair value less costs to sell of the disposal group is remeasured.

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

2 questions

• On a subsequent remeasurement, the assets of a disposal group, once remeasured under the applicable standards, total {remeasured_assets} and its liabilities, also remeasured, total {remeasured_liabilities}. Calculate the carrying amount of the group that will be compared with fair value less costs to sell.L3
• Four statements concern the prior remeasurement of a disposal group. Which one is wrong?L4