Accounting · Financial Reporting

Krypton Co is a multi-national entity with three distinct segments. During the year ended 31 December 20X5, the following events occurred: 1. On 1 November 20X5, the board decided to close the 'Plastic' division operating in a specific country. This division represents a separate major line of business. The plan was announced on 15 November, but the assets do not yet meet the criteria to be classified as 'held for sale' because they are not available for immediate sale. 2. On 1 July 20X5, Krypton Co disposed of its entire 100% interest in a subsidiary, X Co, which was acquired exclusively with a view to resale and met the IFRS 5 criteria for that classification. 3. On 15 December 20X5, Krypton Co ceased all operations in South America (a major geographical area). The assets were sold on 28 December 20X5. Which of the following should be classified as a 'discontinued operation' in the financial statements for the year ended 31 December 20X5?