IFRS 8 Operating Segments

IFRS 8 Operating Segments

1. Is it an Operating Segment?

2. Is it a Reportable Segment?

3. Can the Segments be Aggregated?

4. Disclosures

Component of an entity

Operating results regularly reviewed by entity's CODM

Discrete financial information is available

Engages in business, earns revenue & incurs expenses

Profit/Loss > 10% of total profit/loss OR

Assets > 10% of total assets

Revenue > 10% of total revenue OR

Reportable segments must > 75% of external revenue

Class of customers AND

Distribution method AND

Nature of production AND

Nature of regulatory environment

Nature of products/services AND

External revenue

Geographical information

Business nature of segments

Factors to identify reportable segments