IFRS5

[Leo]

Hi guys,

We have a subsidiary that we would like to sell and the auditors ask us to classified it as IFRS5. By the way, all criteria are met.

Is the application of IFRS5 mandatory ? If the management didn't want to, is that possible to not do it?

THank you.

[JRSB]

There's quite a lot of judgement in there - you're not in a position to dispute that the sale is 'highly probable?

[Marek Muc]

As JRSB said, you need to manoeuvre within IFRS 5. The classification as held for sale, or discontinued operation, are mandatory once the criteria are met.