Part 1: Introduction + Executive Summary
Part 2: Introduction to IFRS 5, Classification as non-current asset held for sale
Part 3: Measurement of non-current assets held for sale, changes to sale plan
Part 4: Presentation and disclosures – Asset held for sale
Part 5: Classification of discontinued operations, Presentation and Disclosures – Discontinued operations
IFRS 5 states that such non-current assets that fulfill the condition to be classified as held for sale must be disclosed on the face of statement of financial position separately from those non-current assets that are to be used on regular basis by entity for better understand of the user of financial statements. Regarding those operations that once formed significant part of entity’s activities are now decided to be closed then profit or losses from such operations should reported as a separate line item on net basis after calculating profits from regular operations.