[When it issued IFRS 18, the IASB amended IFRS 5 to clarify that ‘presentation’ refers to providing information in the primary financial statements and ‘disclosure’ refers to providing information in the notes. IFRS 5 was also amended to refer to the discontinued operations category in paragraph 47(e) of IFRS 18.]
BC73 SFAS 144 requires the results of a discontinued operation to be presented as a separate component in the income statement (net of income tax) for all periods presented.
BC74 IAS 35 did not require the results of a discontinuing operation to be presented as a net amount on the face of the income statement. Instead, specified items are disclosed either in the notes or on the face of the income statement.
BC75 In ED 4, the Board noted that it was considering the presentation of discontinued operations in the income statement in its project on reporting comprehensive income and that it did not wish to prejudge the outcome of that project by changing the requirements
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