Information to be disclosed in reportable segements

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 the amount of investment in associates and joint ventures accounted for by the equity method and the amounts of additions to non-current assets (excluding financial instruments, deferred tax assets, post-employment benefit assets and rights arising under insurance contracts), providing these amounts are included in segment assets. Additionally, the following reconciliations are required:

 Reconciliation of the totals of segment revenues to the entity’s revenue;

 Reconciliation of the total of reported segment profits or losses to the entity’s profit before tax and discontinued operations;  Reconciliation of the total of the assets of the reportable segments to the entity’s assets;

 Reconciliation of the total of the liabilities of the reportable segments to the entity’s liabilities (but only if segment liabilities are reported); and

 Reconciliation of the total of the assets of the other material items to the entity’s corresponding items. Also, the factors used to identify the entity’s reportable segments, including the basis of organisation, (i.e. whether the entity is organised around different products and services or geographical area), and the types of products and service from which the reportable segments derive their income must all be disclosed.

Measurement IFRS 8 requires that the amount of each segment item reported shall be the measure reported to the chief operating decision maker for the purposes of making decisions about allocating resources to the segment and assessing its performance.

 

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This is based on the internal structure of how division of the entity report their results to the chief operating decision maker.

Any adjustments and eliminations made in preparing an entity’s financial statements shall be included in determining segment results only if they are included in the measure of the segment’s results used by the chief operating decision maker.

The minimum amount the entity must disclose is:

 The basis of accounting for any transactions between reportable segments;

 The nature of any differences between the measurement of the reportable segments’ profit or loss before tax and the entity’s profit or loss, for example, the allocation of centrally incurred costs;

 The nature of any differences between the measurement of the reportable segements

 

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 The nature of any differences between the measurement of the reportable segments’ liabilities and the liabilities of the entity;

 The nature of any changes from prior periods in measurement methods used to determine segment profit or loss and the effect on profit or loss from those changes; and

 The nature of asymmetrical allocations to reportable segments. For example, a reportable segment may be charged the depreciation expense for a particular asset but the depreciable asset might not have been allocated to the segment.

Entity wide disclosures The reporting entity must also make the following disclosures in the financial statements, even if it only has one reportable segment:

 Revenue from external customers for each product and service or each group of similar products and services;

 

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 Revenue from external customers attributed to the entity’s country of domicile and attributed to all foreign countries in total where revenue is made;

 Non-current assets located in the country of domicile and located in all foreign countries in total where the entity holds assets; and

 If revenue from any customer is more than 10% of total revenue, then it must be disclosed along with the total of revenues from these customers and the identity of the segment reporting the revenue

An annual report is a comprehensive report on a company's activities throughout the preceding year. Annual reports are intended to give shareholders and other users, who are interested, information about the company's activities and financial performance