Operating Segments

Question 1

IFRS only

Answer 1

IFRS 8
ASPE no

Only for public company

Question 2

Operating segment

Answer 2

Component
1 earn revenue and incur expense
2 operating results are regulated reviewed by CODM
3 discrete financial information

CODM chief operating decision maker

Exclude head office

Question 3

Reporting segment

Answer 3

A or aggregated 
Separate disclosure
Meet one of three criteria
1 revenue >=10%
Or 2 profit /loss >=10% absolute terms
Or 3 Asset >=10%

Combined must >=75% ,otherwise add more

Not meet above,management believe future
- disclose separately
First time met- restate prior year to comparison

Question 4

Disclosure

Reconcile

Geographical

Answer 4

1 profit/loss
2 asset and liabilities
3 other key

Geographic
1 revenue
2 selected non current assets