AASB 5 - Non-current Assets Held for Sale and Discontinued Operations - July 2004
Non-current assets that are to be abandoNon-current assets that are to be abandoned
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Non-current assets that are to be abandoned
13 An entity shall not classify as held for sale a non-current asset (or disposal group) that is to be abandoned. This is because its carrying amount will be recovered principally through continuing use. However, if the disposal group to be abandoned meets the criteria in paragraph 32(a)-(c), the entity shall present the results and cash flows of the disposal group as discontinued operations in accordance with paragraphs 33 and 34 at the date on which it ceases to be used. Non‑current assets (or disposal groups) to be abandoned include non‑current assets (or disposal groups) that are to be used to the end of their economic life and non-current assets (or disposal groups) that are to be closed rather than sold.
14 An entity shall not account for a non-current asset that has been temporarily taken out of use as if it had been abandoned.