Measurement exclusions

Learning objectives

• Identify the assets that continue to be measured under their own Standard even when held for sale (deferred tax assets, employee benefit assets, financial assets).L2

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

• A group classified as held for sale includes several assets. Which ones fall outside the IFRS 5 measurement rule (lower of carrying amount and fair value less costs to sell)? More than one answer.L2