A non-current asset is held for sale if its carrying value will be recovered principally through a sale rather than through its use. For this condition to be satisfied the asset must be immediately sellable in its present condition and a sale must be considered as highly likely.
Assets or groups that are classified as held for sale are valued at the lower of their carrying value and expected realization value less costs to sell.
The individual assets or those which are part of a group classified as held for sale are not amortized.
These assets are shown in the financial statements on a separate line in the Income Statement giving income and losses net of taxes resulting from the sale. Similarly the assets and liabilities must be shown on a separate line of the Statement of Financial Position.