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Information to be presented in the notes
Extract from FRS102: Section 4.14
4.14 If, at the reporting date, an entity has a binding sale agreement for a major disposal of assets, or a disposal group, the entity shall disclose the following information:
(a) a description of the asset(s) or the disposal group;
(b) a description of the facts and circumstances of the sale; and
(c) the carrying amount of the assets or, for a disposal group, the carrying amounts of the underlying assets and liabilities.
OmniPro comment
Example 3A: Commitments Disclosure
On 30 December 2015 the company entered into a binding agreement subject to planning permission to dispose of its subsidiary XYZ Limited for CUXXXX. The carrying amount of the net assets including goodwill at 31 December 2015 was as follows CUXXXXX.
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