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Revision question on IFRS 5 – non-current assets held for sale and discontinued operations.

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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