Other assets with their own measurement

Learning objectives

• Distinguish the assets measured at fair value (investment property under the fair value model, biological assets, insurance contract rights) from the rest of the disposal group.L3

Normative references

• IFRS 5 §5Exclusions from the measurement scope, individually or as part of a disposal group: deferred tax assets (IAS 12), assets arising from employee benefits (IAS 19), financial assets within the scope of IFRS 9, non-current assets accounted for under the fair value model in IAS 40, non-current assets measured at fair value less costs to sell under IAS 41, and groups of contracts within the scope of IFRS 17. The IFRS 5 classification and presentation requirements continue to apply (para. 2).

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

1 question

• Norvane classifies a disposal group that includes an investment property measured under the IAS 40 fair value model and an industrial building. Which treatment is consistent with IFRS 5?L3