Annual Financial Report for the period from 1st of January to the 31st of December 2012
123
6.30 Discontinued Operations
The Group, SINCE 2009, applies IFRS 5 “Non-current assets held for sale & discontinues operations”, and
presents separately the assets and liabilities of the subsidiary company SOMETRA S.A., following the suspen-
sion of the production activity of the Zinc-Lead production plant in Romania, and presents also the amounts
recognized in the income statement separately from continuing operations. Given the global economic reces-
sion, there were no feasible scenarios for the alternative utilization of the aforementioned financial assets. For
that reason the Group plans to abandon the Zinc-Lead production while exploiting the remaining stock of the
plan. Consequently, by applying par. 13 of IFRS 5 “Non-current assets Held for Sale” the Zinc-Lead production
ceases to be an asset held for sale and is considered as an asset to be abandoned. The assets of the disposal
group to be abandoned are presented within the continuing operations while the results as discontinued op-
erations.
Following is presented the analysis of the profit and loss of the discontinued operations.
