VVO Group plc
If the sale of an operative investment property is deemed highly probable, such a property is transferred from the balance sheet item “Investment property” to “Investment property held for sale”. At that date the carrying amount of the property is considered to be recovered principally through a sale transaction rather than through continuing use in rental. Reclassification requires that a sale is deemed highly probable, i.e.
Investment property held for sale is recognised at fair value. VVO Group had no investment property classified as held for sale on 30 June 2015, 30 June 2014 or 31 December 2014.