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Q1(a)(i)(ii)Operating segments
1. Is it possible for non listed Co to voluntary disclose of segmental information (IFRS 8)?2. “For instance,the fact that two of the three reported operating segments are showing a drop in performance while the other shows improvement could indicate inaccuracy in the information”Why is it inaccuracy?The operating segment may independent on each other?
3. “For example,to mask the declining performance of the book and newspaper and magazine operating segments”
If the management really want to mask those performance,then the management won’t show the negative % change in revenue?Publication rights
“Therefor while it may be appropriate to use an average for the basis of an accounting policy”Average refers to 17.5 years?
How about amortise each right for each period accordingly based on the respective useful life?1. If an unlisted company wanted to produce additional information voluntarily I doubt they would go to the expense of reporting segment information.
2. It says “could” – i.e. it is identifying a possible misstatement that could account for the change.
3. I agree to mask entirely management would have to fabricate revenue to show overall increase – but that clearly hasn’t happened.
4. “The Group’s accounting policy is to amortise publication rights over an average period of 25 years.” There are more than 200 rights so amortising on a right-by-right basis would be unnecessary – but rights might be grouped 5-10 years, 10-15 years, etc.
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