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. Reclassification requires that a sale is deemed highly probable, i.e.
Investment property held for sale is recognised at fair value. VVO had no investment property classified as held for sale at 31 March 2015, 31 March 2014 nor at 31 December 2014.