BC8 In ED 4, the Board proposed that the IFRS should apply to all non-current assets except:
(a) goodwill,
(b) financial instruments within the scope of IAS 39 Financial Instruments: Recognition and Measurement, [IFRS 9 Financial Instruments replaced IAS 39. IFRS 9 applies to all items that were previously within the scope of IAS 39. This paragraph refers to matters relevant when IFRS 5 was issued.]
(c) financial assets under leases, and
(d) deferred tax assets and assets arising from employee benefits.
BC9 In reconsidering the scope, the Board noted that the use of the term 'non-current' caused the following problems:
(a) assets that are acquired with the intention of resale were clearly intended to be within the scope of ED 4, but would also be within the definition of current assets and so might be thought to be excluded. The same was true for assets that had been classified as non-current but were now expected to be realised within twelve months.
(b) it was not clear how the scope
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