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EFRAG issued its draft comment letter on the Exposure Draft on proposed amendments to IFRS 5 'Discontinued Operations'.
EFRAG has some significant concerns about the detailed IASB proposals and criticizes in particular that information about all components of the reporting entity that have been either disposed of or are classified as held for sale should be disclosed, regardless whether those components are a discontinued operation as defined.
The proposal mixes two alternative approaches, and will also result in too many small discontinuances being disclosed in the notes, EFRAG notes.
Deadline for comments is