Gain (Loss) on Sale of Assets (SF.IS.GainOnSaleOfAssets)
Gain (Loss) on Sale of Assets (SF.IS.GainOnSaleOfAssets) refers to gains/losses on sale of fixed assets that were used for operational activities. Gain (Loss) on Sale of Assets (SF.IS.GainOnSaleOfAssets) also refers to gains/losses on the sale of stakes in group companies.
Gain (Loss) on Sale of Assets (SF.IS.GainOnSaleOfAssets) is used for items that are reported in the non-operating section of the income statement, or in the single-step (total income/total expense) format of the income statement.
In a few scenarios,a company may present the value of impairment which cannot be related to the face of the income statement, or to the notes to values reported on the face under the results discussed by management or under footnote- Gain (Loss) on Sale of Assets, Supplemental (SF.IS.LossOnSaleOfAssetsSuppl).
Gain (Loss) on Sale of Assets (SF.IS.GainOnSaleOfAssets) includes:
- Sale of group businesses, such as consolidated and unconsolidated subsidiaries, affiliates, associates, joint ventures, or other minority stakes in group companies and Sale of a business division
- Gain or loss on disposal of discontinued operations, if reported above income before taxes
- Disposal of assets (other than goods for sale, investment securities or hedging instruments)
- Sale of intangibles and property/equipment
- Gains/losses arising from an exchange or abandonment of fixed assets and on the sale of fixed assets reported within the cost of goods sold
- Gain/loss on the sale of investment properties, for companies reporting in the U.S. GAAP or in other standards that treat these as tangible assets
Gain (Loss) on Sale of Assets (SF.IS.GainOnSaleOfAssets) does not include:
- Gains or losses on the sale of fixed assets, reported in the operating section (classified as Loss (Gain) on Sale of Assets- Operating (SF.IS.LossOnSaleOfAssets_Operating))
- The remaining portion of gains or losses on the sale of fixed assets, which has not been shown on the face of the income statement (classified as Gain (Loss) on Sale of Assets, Supplemental (SF.IS.LossOnSaleOfAssetsSuppl))
- Gain or loss on disposal of discontinued operations, if reported below income before taxes (classified as Discontinued Operations (SF.IS.DiscOperations))
- Other extraordinary items reported after taxes (classified as Accounting Change (SF.IS.AccountingChange), Extraordinary Item (SF.IS.ExtraordinaryItems) and Tax on Extraordinary Items (SF.IS.TaxonExtraordinaryItems))
- Gain/loss on the sale of investment securities, including equity stakes treated as investments held for sale or revaluation (classified as Investment Income-Operating (SF.IS.InvIncome_Operating) for items reported in the operating section; or as Investment Income, Non-Operating (SF.IS.InvInc_NonOperating)) for items reported in the non- operating section or in the single-step income statement format)
- Gain/loss on the sale of investment properties, for companies reporting in the IFRS or in other standards that treat these as investments (classified as Investment Income-Operating (SF.IS.InvIncome_Operating) for items reported in the operating section; or as Investment Income, Non-Operating (SF.IS.InvInc_NonOperating)) for items reported in the non-operating section or in the single-step income statement format)
- Gain/loss on the sale of hedging instruments (classified as Investment Income-Operating (SF.IS.InvIncome_Operating) for items reported in the operating section; or as Investment Income, Non-Operating (SF.IS.InvInc_NonOperating)) for items reported in the non-operating section or in the single-step income statement format)