PFRS #5 Non-current assets HFL and Discounted Operations

• disposal group is a group of assets to be disposed of, by sale or otherwise, together as a group in a "single transaction" and liabilities directly associated with those assets that will be transferred into the transaction
• held for sale assets are initially and subsequently measured at the lower of carrying amount and fair value less costs to sale
• fair value is the price that would be received to sell an asset or paid to transfer a liability

  cause to sell are the incremental costs directly attributable to the disposal of an asset or disposal group excluding finance costs and income tax expenses
• assets classified as held for distribution to owners are measured at the lower of carrying amount and fair value less costs to distribute
• a component of an entity comprises operations and cash flows that can be clearly distinguished operationally and for financial reporting purposes from the rest of the entity
• in the presentation in the statement of financial position held for sale assets are presented as current assets

  the assets and liabilities of a disposal group are presented separately. offsetting is prohibited