Document details

This study proposes to analyze if non-current assets held for sale and discontinued operations are material in Portugal. For these accounting items and for listed companies the accounting financial standard applicable is International Financial Reporting Standard (IFRS) 5 “Non-current assets held for sale and discontinued operations”. To check materiality I will analyze all Portuguese listed companies and perform the test with base in total assets (1%) and net income before taxes (3%). Using those bases of materiality my findings are that in Portugal non-current assets held for sale are immaterial but on the other hand discontinued operations are material.