IFRS 5

[Ali Akbar]

<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Pracs</i>
<br />Per IFRS 5 such an asset should be classified under the said standard (since there is an intention to sell within a year’s time and meets other requirements). Presuming that there is no legal agreement to lease back (at the balance sheet date), I think a disclosure to that fact would suffice.

I understand you are towing the line of ‘substance over form’, what is your opinion on this ?

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Thanks Pracs.

As I am not at home and now on ICI plant. Once I come back to land we will have discussion on it.

@Adnan sahab, let me entertain ur posts too once I come back.

ICAPians, the unparalleled..