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Integrated report Statutory reportS Financial StatementS
Consolidated

2.14 Non-current assets held for sale and discontinued on the business model in which the investment is held.
operations For investments in equity instruments, this will depend
non-current assets (including disposal groups) are on whether the group has made an irrevocable election
classified as held for sale if their carrying amount will be at the time of initial recognition to account for the equity
recovered principally through a sale transaction rather investment at fair value through oCI. the group has
than through continuing use and a sale is considered elected to consider the carrying cost of equity investments
highly probable. in joint venture at cost.

non-current assets classified as held for sale are measured the group reclassifies debt investments when and only
at lower of their carrying amount and fair value less cost to when its business model for managing those assets
sell. changes.

non-current assets classified as held for sale are not Debt instruments
depreciated or amortised from the date when they are Measurement
classified as held for sale. a financial asset or financial liability is initially measured
at fair value plus, for an item not at fair value through
non-current assets classified as held for sale and the assets profit and loss (FVtpl), transaction costs that are directly
and liabilities of a disposal group classified as held for attributable to its acquisition or issue. transaction costs of
sale are presented separately from the other assets and financial assets carried at fair value through profit or loss
liabilities in the Consolidated Balance Sheet. are expensed in the Consolidated Statement of profit and
loss.
a discontinued operation is a component of the entity
that has been disposed off or is classified as held for sale Subsequent measurement of debt instruments depends
and: on the group’s business model for managing the asset and
• represents a separate major line of business or the cash flow characteristics of the asset. there are three
geographical area of operations and; measurement categories into which the group classifies
its debt instruments:
• is part of a single co-ordinated plan to dispose of such
a line of business or area of operations. • Amortised cost

assets that are held for collection of contractual
the results of discontinued operations are presented
separately in the Consolidated Statement of profit and cash flows, where those cash flows represent solely
loss. payments of principal and interest, are measured at
amortised cost. a gain or loss on a debt investment
(unhedged) that is subsequently measured at
2.15 Financial instruments amortised cost is recognised in the Consolidated
2.15.1 Investments and other financial assets: Statement of profit and loss when the asset is
derecognised or impaired. Interest income from these
Classification
financial assets is included in other income using the
the group classifies its financial assets in the following effective interest rate (‘eIr’) method.
measurement categories:
• those to be measured subsequently at fair value (either • Fair value through other comprehensive income
through oCI, or through profit or loss), and (‘FVTOCI’)
• those measured at amortised cost. assets that are held for collection of contractual cash
flows and for selling the financial assets, where the
the classification depends on the group’s business asset’s cash flows represent solely payments of principal
model for managing the financial assets and the and interest, are measured at FVtoCI. Movements
contractual terms of the cash flows. For assets measured in the carrying amount are recorded through oCI,
at fair value, gains and losses will either be recorded in except for the recognition of impairment gains or
the Consolidated Statement of profit and loss or through losses, interest revenue and foreign exchange gains
oCI. For investments in debt instruments, this will depend and losses which are recognised in the Consolidated

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