Page 2 - 11. COMPILER QB - INDAS 105
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INDAS – 105 – NON-CURRENT ASSETS
HELD FOR SALE & DISCONTINUED
OPERATIONS
(TOTAL NO. OF QUESTIONS – 6)
INDEX
S.No. Particulars Page No.
1 RTP Questions 11.1
2 Past Exam Questions 11.6
RTPs QUESTIONS
Q1 (May 18)
Following is the extract of the consolidated financial statements of A Ltd. for the year ended on:
Asset/ (liability) Carry amount as on 31st March, 20X1
(In Rs. ‘000)
Attributed goodwill 200
Intangible assets 950
Financial asset measured at fair value through other 300
comprehensive income
Property, plant & equipment 1100
Deferred tax asset 250
Current assets – inventory, receivables & cash balances 600
Current liabilities (850)
Non-current liabilities – provisions (300)
Total 2,250
On 15th September 20X1, Entity A decided to sell the business. It noted that the business meets the
condition of disposal group classified as held for sale on that date in accordance with Ind AS 105. However, it
does not meet the conditions to be classified as discontinued operations in accordance with that standard.
The disposal group is stated at the following amounts immediately prior to reclassification as held for sale.
11.1
