Professional Documents
Culture Documents
CA.BHARAT BHUSHAN
B-Com, ACA
M/S BHARAT ADITYA & ASSOCIATES
#896,Street No:01,Abadi Amar Kot,
Near Sunder Nagar,Amritsar-143004.
(O)0183-5002171 (M) 98880-39070
E-Mail: ca.bharatbhushan@icai.org
IFRS-8
OPERATING SEGMENTS
CORE PRINCIPLE
An entity shall disclose information to enable users
of its financial statements to evaluate the nature
and financial effects of the business activities in
which it engages and the economic environments
in which it operates.
APPLICABILITY
It shall apply to the
Separate or Individual Financial Statements of an entity ;
(a) Whose debt or equity instruments are traded in Public
Market (either domestic or foreign stock exchange)
(b) that files OR
is in the process of filing its FS ( Financial Statements )
with securities commission or other regulatory organization
for the purpose of issuing any class of instruments in the
public market.
AND
Consolidated Financial Statements of group with parent
(a) Whose debt or equity instruments are traded in Public
Market (either domestic or foreign stock exchange)
( A ) GENERAL INFORMATION
( C ) RECONCILIATION
( A ) GENERAL INFORMATION
(i) Factors used to identify reportable segments
(ii) Type of products and services from which each
reportable segment derives its revenue.
(B) INFORMATION ABOUT PROFIT OR
LOSS, ASSETS AND LIABLITIES
(i) An entity shall report Profit or Loss and Total
Assets of each reportable segment.
(ii) An entity shall report a measure of Liabilities of
each reportable segment if such information is
regularly Provided to CODM
(iii) An entity shall report the following if it is
included in the measure of profit or loss regularly
reviewed by CODM or is otherwise regularly
provided to CODM.
Contd………
Revenue from external customers
Revenue from transactions with other operating segments
of same entity
Interest revenue
Interest expense
Depreciation and amortization
Material items of income and expense disclosed in accordance
Para-97 of IAS-1.
An entity’s interest in Profit or Loss of associates or Joint
Venture accounted with Equity Method.
Contd……………..
Income tax expense or income.
Material non-cash expenses other than depreciation
and amortization
(C) RECONCILIATION
(i) Total of reportable segment’s revenue to the entity’s
revenue.
(ii) Total of reportable segment’s measure of Profit or Loss to
the entity’s measure of Profit or Loss before tax expense
and discontinued operations. If an entity allocates tax
expense to reportable segments then it may reconcile it
after tax expense.
(iii) Total of reportable segment’s assets to entity’s assets.
(iv) Total of reportable segment’s liabilities to entity’s liabilities if
segment’s liabilities are reported in accordance with
Contd………..
with Para-23 of this IFRS.
(v) Total of reportable segment’s amounts for every other
material items of information disclosed, to the corresponding
amount for the entity.
THANK YOU