Assets held for sale
The Group qualifies an asset or group of assets as “held for sale” when:
■ the management is committed to a plan to sell;
■ the asset is available for immediate sale in its current state (subject to any conditions precedent that are usual in such disposals); and
■ the sale is highly probable, within 12 months.
Thus, when the Group is committed to a plan to sell involving the loss of control or significant influence over one of its assets, it classifies all assets and liabilities of the entities concerned under a separate line in the statement of financial position: "Assets/Liabilities held for sale", at a value equal to the lower of the net carrying value and the fair value net of disposal costs.
In addition, when the asset or group of assets held for sale represents a major line of business, its contribution to the income statement is presented separately (below “consolidated net income of continuing operations”); its cash flow contribution is presented in the statement of cash flows.