Zamalek FC is an African successful football club. Zamalek is preparing the financial statements for the year ending 31 December 2018 but is currently facing liquidity problems Zamalek FC has entered a contract regarding its stadium to sell the stadium on 31 January 2020 and immediately lease it back. The directors of Zamalek FC wish to classify the stadium as a no current asset held for sale in its financial statements for the year ended, December 31, 2018 they believe the sale to be highly probable at that date. The sale contract requires the disposal of the stadium for its fair value (market value) of GHs30 million and for Zamalek FC to lease it back over 10 years. The present value of the lease payments at market rates on 31 January 2020 will be GHs26 million. The market value for a stadium of this type has not changed in several years and is unlikely to change in the near future. The Club's policy is to depreciate the stadium by 5% per annum using the reducing balance method. In the year to 31 December 2019, it is anticipated that GH s2 million would be spent to improve the crowd barriers in the stadium. There is no legal requirement to improve the crowd barriers Zamalek FC is an African successful football club. Zamalek is preparing the financial statements for the year ending 31 December 2018 but is currently facing liquidity problems Zamalek FC has entered a contract regarding its stadium to sell the stadium on 31 January 2020 and immediately lease it back. The directors of Zamalek FC wish to classify the stadium as a no current asset held for sale in its financial statements for the year ended, December 31, 2018 they believe the sale to be highly probable at that date. The sale contract requires the disposal of the stadium for its fair value (market value) of GHs30 million and for Zamalek FC to lease it back over 10 years. The present value of the lease payments at market rates on 31 January 2020 will be GHs26 million. The market value for a stadium of this type has not changed in several years and is unlikely to change in the near future. The Club's policy is to depreciate the stadium by 5% per annum using the reducing balance method. In the year to 31 December 2019, it is anticipated that GH s2 million would be spent to improve the crowd barriers in the stadium. There is no legal requirement to improve the crowd barriers