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IFRS 5 — Definition of 'discontinued operations'


In their joint project on financial statement presentation, the IASB and FASB decided to develop a common definition of discontinued operations and require common disclosures about components of an entity that have been (or will be) disposed of. In order to avoid delay, the boards decided to address these issues separately from the financial statement presentation project.

Accordingly, the goal of this project is to amplify the definition of a discontinued operation in IFRS 5 Non-current Assets Held for Sale and Discontinued Operations.


Current status of the project

This project is currently paused.


Project milestones

April 2007 Added to the IASB's active agenda
25 September 2008 Exposure Draft Discontinued Operations - Proposed amendments to IFRS 5 issued Comment deadline 23 January 2009


Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.