Deloitte comment letter on tentative agenda decision on IFRS 5 - Classification in conjunction with a planned IPO, but where the prospectus has not been approved by the securities regulator

Published on: 28 Jul 2013

We have commented on the IFRS Interpretations Committee tentative decision not to add to its agenda a request for clarification of the classification of a non-current asset (or disposal group) as held for sale prior to regulatory approval of the prospectus for a planned disposal by means of an initial public offering (IPO).

We agree with the IFRS Interpretations Committee’s decision not to add this item onto its agenda for the reasons set out in the tentative agenda decision, but suggest that the agenda decision could also refer to the guidance in paragraph 7 of IFRS 5 Non-current Assets Held for Sale and Discontinued Operations.

Download the full comment letter below.


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