The following information relates to a transaction made by Telecom Co on 1 January 20X0 for the sale and maintenance of telecommunications equipment: Below are a number of statements relating to IFRS 5 Non-current Assets Held for Sale and Discontinued Operations. Which one of these statements is true?

The main objective of IFRS 5 is to specify the disclosure requirements of non-current assets held for sale

IFRS 5 only applies to those reporting entities whose securities are listed on an international stock exchange

The IFRS 5 definition of a discontinued operation cannot be met unless the operations were previously disclosed as a separate business segment under IFRS 8

IFRS 5 classifies a discontinued operation as a component of an entity that has been disposed of or is classified as held for sale