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14- NCAHFS and DO - Coggle Diagram

- - - - if there is no transaction is to take place, then an entity would not appear to meet this definition
    - - Price for which they are marketed for sale must be reasonable in relation to its current FV
      - Unlikely that significant changes will be made to the plan or plan withdrawn
      - Management must be committed to the plan to sell
      - Active programme to locate the buyer and complete the plan must have been initiated
      - Sale must be within one year from the classification date as HFS
  - - - it is possible that the subs need to represent a separate major line of business or geographical area of operation
- - - - However, in the case of decreasing in value, the NCA will fall below the lower of FVLCTS and VIU
    - - Inconsistent with IAS 16 and IAS 38 which requires subsequent decrease on revaluation to reduce any revaluation surplus first
- - - - Subject to interpretation
        
        Depends on how the entity determines its operating segments under IFRS 8
      - it is not clear what would constitute a separate major line of business or geographical area of operations.
        
        the definition is subjective, therefore the entity should consider other factors such as materiality and relevance before determining whether or not an entity should be presented as discontinued
    - - operations and cash flows are clearly distinguishable for reporting purposes
  - - - A single amount comprising the total of
        
        Post-tax profit or loss of DO
        
        Post-tax gain or loss recognised on the remeasurement to FVLCTS or on the disposal of asset/DG comprising the DO
    - - Revenue, expenses, and pre-tax P/L of DO and the related income tax expense
      - The gain or loss recognised on the remeasurement to FVLCTS or on the disposal of asset/DG comprising the DO and the related income tax expense
      - Net cash flows attributable to the operating , investing and financing activities of the DO
  - - - element relating to the trading activities of the discontinued operation which will cease on disposal, and
      - that relating to disposal transaction, which is a one-off benefit (in the case of disposal proceeds) to the ongoing group
    - - in order to get the picture of the continuing group
- - - - total consideration received
      - portion of consideration consisting of cash and cash equivalents
      - the amount of cash and cash equivalents held by the discontinued operation when control is lost
      - the amount of assets and liabilities other than cash and cash equivalents when control is lost, summarised by each major category