Atta Kay Ltd has the following assets which it would like to classify under IFRS 5 Non- Current Assets Held for Sale and Discontinued Operations today:
|Carrying Amount today (GH¢million)||Open market value today (GH¢million)||Estimated selling costs (GH¢million)|
|Investment properties (at fair value through profit or loss)||62.3||30.9||0.5|
|Land used as company car park (held under the revaluation model)||49||50.5||1.0|
|Plant (held under the cost model)||14||10||0.5|
Calculate the carrying amount of assets that can be classified as held for sale (assuming the relevant criteria are met where appropriate), after applying the measurement rules of IFRS 5.