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EFRAG submitted to the IASB its comment letter on the ED 'Discontinued Operations'.
EFRAG does not agree with the proposal in the ED that the definition of discontinued operations should focus on ‘operating segments’. A definition should focus on some sort of major discontinuance notion, but do not think that will always be achieved by focusing on operating segments, EFRAG notes.
EFRAG also does not support the proposal 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 scope of the disclosure should be limited to only those discontinuances presented separately in the income statement, EFRAG states.