BC84 The major changes from the proposals in ED 4 are:

(a) clarification that assets classified as non-current are not reclassified as current until they meet the criteria to be classified as held for sale (paragraph BC10).

(b) goodwill and financial assets under leases are included in the scope of the measurement provisions of the IFRS (paragraphs BC8-BC14).

(c) non-current assets carried at fair value with changes recognised in profit or loss are excluded from the measurement provisions of the IFRS (paragraphs BC8-BC14).

(d) assets that are revalued in accordance with IAS 16 or IAS 38 are, when classified as held for sale, treated consistently with assets that had not previously been revalued (paragraphs BC47 and BC48).

(e) the allocation of an impairment loss on a disposal group is consistent with the order of allocation of impairment losses in IAS 36 (paragraphs BC39-BC41).

(f) the criterion in IAS 35 that a discontinued operation should be a major line of business or area of geographical operations has been added (paragraphs BC67-BC71).