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 |
| Trade Receivables | 28 | 24 | 1.0 |
| Plant (held under the cost model) | 14 | 10 | 0.5 |
Required:
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.
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