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3.7 Non-current assets classified as held for sale and related liabilities
Accounting policies
Non-current assets (or a disposal group) are classified as held for sale if their carrying amount will be recovered principally through the disposal of the assets and the sale is highly probable. If their carrying amount will be recovered principally through their disposal rather than through their continuing use, they are measured at the lower rate of the carrying amount and fair value net of costs to sell.
The comparative information in the income statement is adjusted for operations classified as discontinued during the latest financial period being reported. Consequently, the result of discontinued operations is presented as a separate line item also for the comparatives. In the financial years 2017 and 2016, the Group had no discontinued operations.
€ million 2017 2016
Intangible assets - 3.9
Land 0.3 10.4
Buildings and real estate shares 0.2 6.7
Machinery and equipment 0.0 1.1
Inventories 1.3 23.5
Total 1.8 45.7
Kesko Group company Konekesko Oy has agreed to sell its Still truck business in the first half of 2018. The carrying amount of the assets related to the business to be disposed is approximately €1 million.
In 2017, the liabilities related to non-current assets classified as held for sale were €0.1 million.
In 2016, the liabilities related to non-current assets classified as held for sale included properties used by the building and technical trade in Estonia and Latvia, divested in May 2017.
In addition, the liabilities related to non-current assets classified as held for sale in 2016 included the Yamaha presentations and the Yamarin boat business, which Konekesko Oy divested in June 2017.
The total liabilities related to the non-current assets classified as held for sale were €0.8 million in 2016.