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  Segmental Reporting Rules

Introduction to Segmental reporting rules

To disclose information about their several operating segments an IASB standard (IFRS 8 Operating Segments) needs listed companies. Though, defining an operating segment can be a difficult business. The IASB has chosen for a 'management approach' that means that an operating segment is described through reference to how management has segmented the business for internal reporting and monitoring aims. So, an operating segment is described as a part of the business that

  • produces revenues and expenses,
  • contain its own separate financial statements, and
  • contain its results regularly reviewed for resource-allocation and assessment purposes.

Not all parts of the business will encounter the criteria identified. The headquarters of the business ('head office'), for instance, is not likely to do so.

Certainly, there are other approaches of identifying an operating segment. One approach would be to describe a segment as per to the industry to which it relates. Though, this may lead to endless definition and classification problems.

For reported separately, an operating segment have to be of considerable size. This generally means that it has to account for 10% or more of the combined revenue, profits or assets of all operating segments. A segment which does not meet this size threshold might be joined with other similar segments to generate a reportable segment, or separately reported in spite of its size, at the discretion of directors. If neither of these choices is chosen, it should be reported with other segments within a separate category of 'all other segments'.

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