BC8A The Board was asked to clarify the scope of IFRS 12 with respect to interests in entities within the scope of IFRS 5 Non-current Assets Held for Sale and Discontinued Operations. Paragraph B17 states that an entity is not required to disclose summarised financial information in accordance with paragraphs B10-B16 for interests classified as held for sale. However, the requirements in paragraph 5B of IFRS 5 made it unclear whether all other requirements in IFRS 12 apply to interests in entities classified as held for sale or discontinued operations in accordance with IFRS 5.
BC8B The Board noted that it had not intended to exempt an entity from all of the disclosure requirements in IFRS 12 with respect to interests in entities classified as held for sale or discontinued operations. The objective of IFRS 12 (ie to disclose information that enables users of financial statements to evaluate the nature of, and risks associated with, interests in other entities, and the effects of those
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