6.1 Overview

For disposal groups that are classified as held for sale but that do not meet the criteria for discontinued-operations reporting, an entity must separately present the assets and liabilities of the disposal group on the face of the balance sheet only in the initial period in which they are classified as held for sale. The presentation and disclosure requirements for a disposal group that is classified as held for sale, or that has been disposed of but does not qualify for discontinued-operations reporting, differ depending on whether the disposal is an individually significant component of an entity. Because the term “individually significant” is not defined, entities will need to apply judgment in interpreting this term.