Академический Документы
Профессиональный Документы
Культура Документы
Recognition:
Financial Statements presented by an entity in the current year would qualify as first PFRS
financial statements under the following conditions:
Presentation:
1. Three statements of financial position at the end of the current year, at the end of the prior year
and at the date of transition to PFRS
2. Two statements of comprehensive income for the current and prior year
3. Two separate income statements for the current year and prior year
4. Two statements of changes in equity for the current and prior year
5. Two statement of cash flows for the current and prior year
6. Notes to financial statements including comparative information
CHAPTER 30: PFRS 5
DISCONTINUED OPERATION
Nature: A component of an entity is classified as discounted operation:
Recognition: The discontinued operation is accounted for as a “disposal group classified as held for
sale”
Presentation:
Entity shall disclose a single amount comprising the total of post-tax profit or loss of the
discontinued operation and the post-tax gain or loss recognized on the measurement to fair value less to
cost of disposal or on the disposal of the assets or disposal groups constituting the discontinued
operation
The income or loss from the discounted operation, net of tax shall be presented as single amount in the
income statement below the income from continuing operations
Entity shall also present separately on the face of the statement of financial position the
following information:
a. Assets of the component help for sale separately under current assets
b. Assets of the component help for sale are measured at the lower of fair value less cost of
disposal and their carrying amount
c. Liabilities of the component separately under current liabilities
d. Noncurrent assets of the component held for sale shall not be depreciated
The assets and liabilities of the component cannot be offset against the other
Net cash flows attributable to the operating, investing and financing activities of a discontinued
operation shall be separately presented in the statement of cash flows or disclosed in the notes.