IFRS 8- Segment Reporting

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October 8, 2019 at 12:27 pm #548355
dookhan12
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Good Morning,

I have some queries in relation to IFRS 8:

1] If a company has adopted/uses full IFRS but is not listed, can they still choose to disclose segment information?

2] In relation to segment disclosures, I don’t understand the requirement to disclose geographical information. Can you clarify?

Thank you.
October 8, 2019 at 7:50 pm #548385
Stephen Widberg
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Companies can always opt to disclose segmental info. even if not listed.

Re geographical disclosure. It would depend on whether CEO used such data in making key decisions. So ….. very subjective.

Steve Widberg
October 19, 2019 at 1:06 pm #550175
dookhan12
Member
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Hi, I’m still unclear of the geographical information which needs to be disclosed.

Specifically, the BPP WorkBook says:

Geographical areas:
– external revenue
– non-current assets

By:
– Entity’s country of domicile
– All foreign operations (subdivided if material)

Can you clarify?

Thank you.
October 19, 2019 at 2:06 pm #550181
Stephen Widberg
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Only compulsory disclosure is profit
Rest largely depends on how information is reported to the CODM

But remember the most likely scenario is being asked to interpret a segmental report – so I wouldn’t worry excessively about learning all the content
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