5.3 Assets held for sale
At the 31 December 2020 reporting date, no subsidiaries were classified as “Assets held for sale”; at the 31 December 2019 reporting date, only the subsidiary Flexitricity Ltd. was classified as “Assets held for sale”. For more information, see note 5.2.
Assets
|
CHF million |
31 Dec 2020 |
31 Dec 2019 |
|
Property, plant and equipment |
|
1 |
|
Intangible assets |
|
6 |
|
Other non-current assets |
|
1 |
|
Receivables |
|
1 |
|
Prepayments and accrued income |
|
9 |
|
Cash and cash equivalents |
|
1 |
|
Total assets held for sale |
0 |
19 |
Liabilities
|
CHF million |
31 Dec 2020 |
31 Dec 2019 |
|
Accruals and deferred income |
|
8 |
|
Total liabilities held for sale |
0 |
8 |
Accounting policies
An asset or group of assets and related liabilities (disposal group) is classified as held for sale if its carrying amount will be recovered principally through a sale transaction rather than continuing use. The Alpiq Group measures non-current assets and disposal groups classified as held for sale at the lower of carrying amount and fair value less costs of disposal. These assets or disposal groups, once classified as held for sale, are no longer depreciated or amortised. They are presented separately from the Group’s other assets and liabilities.