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As I read the IFRS 5, it is required that an active programme to locate a buyer is initiated for an asset to be classified as held for sale. What do you mean by an active program? Will a paper advertisement for sale make such an active program?
in IFRS 5 - Non-current Assets Held for Sale and Discontinued Operations by Level 1 Member (1.8k points)
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Active program - Starts from Management's minutes of the meeting which has a resolution that an identified asset be sold, to putting a price tag to it. . .
by Level 3 Member (5.7k points)