Host Hotels and Resorts said that under SFAS 144, "we classify the sale of an individual property as a discontinued operation
, regardless of its significance to our portfolio." Similarly, Taubman Centers, Inc., a publicly traded real estate investment trust, noted that under SFAS 144, each of their 25 properties would constitute a discontinued operation
Part of the new definition of discontinued operation
is based on elements of the definition of discontinued operations
in IFRS 5, Non-Current Assets Held for Sale and Discontinued Operations
As a result of this divestiture, Barry Callebaut expects to report a one-time loss from the discontinued operation
of approximately CHF 65 million ([euro] 54 million/$70 million) for the fiscal year 2011.-2012, which includes the operating result of the discontinued operation
, one-off impairments and other one-off expenses incurred in relation to the transaction.
sells tape library storage products, but is treated by the company as a discontinued operation
SFAS 144 significantly relaxes the criteria for treating an item as a discontinued operation
. Under SFAS 144, a component of an entity consists of operations and cash flows that can be clearly distinguished, operationally and financially, from the rest of the entity.
The company has an agreement to sell Ekco Consumer Plastics to Alpha Holdings of Dallas, and wrote off that business and the loss on disposal as a discontinued operation
. The loss from discontinued operations
totaled $4.8 million in the quarter and $28.3 million for the year.
Analysts consider a discontinued operation
's disclosure of income and expense, cash flows and assets and liabilities vitally important.
A company that does not report a discontinued operation
but reports an extraordinary item or cumulative effect of an accounting change should report basic EPS for net income before extraordinary items or net income before accounting change and net income on the face of the income statement.
CACS is presented as a "Discontinued Operation
" in RADA's financial statements.