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Assets Held for Disposal and Discontinued Operations

Date recorded:

The Board considered one final issue in relation to a draft of a final standard on Non-current Assets Held for Sale and Discontinued Operations. In February the Board agreed to remove from IAS 27 the exemption from consolidation for subsidiaries acquired with a view to immediate disposal and to include in the implementation guidance an example illustrating a 'short-cut' method of consolidation. In developing that example staff noted that the method provides the information required to be presented in the income statement and balance sheet, but not the required note disclosures. The Board reaffirmed its decision to remove the exemption from IAS 27, and decided to exempt entities acquired with a view to immediate disposal from a number of the disclosure requirements of the standard.

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.