IFRS considers loss from destruciton of property in a Fire as a Continuing operations. Does anyone know why?

IFRS does not allow extraordinary items on IS Unusual or infrequent…

because its not infrequent and … whats the other word… my brain is fried. Somemone help me out here

If your manufacturing plant burnt down and you decided that this would be a particularly opportune time to get out of the manufacturing business you could probably include it in discontinued operations. Otherwise, IFRS doesn’t allow extraordinary items so thats the most reasonable place to put it.