Document ID: chunk:federal_register_of_legislation:F2024L00708:body:0:p76
Version: federal_register_of_legislation:F2024L00708
Segment Type: other
Provision Reference: 
Character Range: 204308–207092

ceases to be classified as held for sale or as held for distribution to owners in profit or loss6 from continuing operations in the period in which the criteria in paragraphs 7–9 or 12A, respectively, are no longer met. Financial statements for the periods since classification as held for sale or as held for distribution to owners shall be amended accordingly if the disposal group or non‑current asset that ceases to be classified as held for sale or as held for distribution to owners is a subsidiary, joint operation, joint venture, associate, or a portion of an interest in a joint venture or an associate. The entity shall present that adjustment in the same line item caption in the statement of comprehensive income used to present a gain or loss, if any, recognised in accordance with paragraph 37.
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Presentation and disclosure
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Discontinued Presenting discontinued operations
31 A component of an entity comprises operations and cash flows that can be clearly distinguished, operationally and for financial reporting purposes, from the rest of the entity. In other words, a component of an entity will have been a cash-generating unit or a group of cash-generating units while being held for use.
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33 An entity shall present or disclose:
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(b) an analysis of the single amount in (a) into:
(i) the revenue, expenses and pre‑tax profit or loss of discontinued operations;
(ii) the related income tax expense as required by paragraph 81(h) of AASB 112.
(iii) the gain or loss recognised on the measurement to fair value less costs to sell or on the disposal of the assets or disposal group(s) constituting the discontinued operation; and
(iv) the related income tax expense as required by paragraph 81(h) of AASB 112.
 The analysis may be presented in the statement of comprehensive income or disclosed in the notes or in the statement of comprehensive income. If it is presented in the statement of comprehensive income it shall be classified presented in the discontinued operations categorya section identified as relating to discontinued operations, ie separately from continuing operations. The analysis is not required for disposal groups that are newly acquired subsidiaries that meet the criteria to be classified as held for sale on acquisition (see paragraph 11).
(c) the net cash flows attributable to the operating, investing and financing activities of discontinued operations. This information These disclosures may either be presented in the statement of cash flows or disclosed either in the notes or in the financial statements. These disclosures are not required for disposal groups that are newly acquired subsidiaries that meet the criteria to be classified as held for sale on acquisition (see paragraph 11).
(d) the amount of income from