Klépierre (2011)
2.11 Investment property held for sale [extract]
The provisions of IFRS 5 regarding presentation and measurement apply to investment property measured using the cost model under IAS 40 whenever the sales process is underway and the asset concerned fulfils the criteria for recognition as an asset held for sale. An impairment test is conducted immediately before any asset is recognized as being held for sale.
In accordance with the provisions of IFRS 5, the Klépierre group reclassifies all property covered by a contract of sale.
The accounting impact is as follows:
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