CONTENTS

COMPILATION DETAILS

Comparison With IAS 14

Accounting Standard

AASB 114 Segment Reporting

Paragraphs

Objective

Application Aus1.1 – Aus1.10

Definitions

Definitions from Other Australian Accounting Standards 8 – Aus8.1

Definitions of Business Segment and Geographical Segment 9 – 15

Definitions of Segment Revenue, Expense, Result, Assets, and Liabilities16 – 25

Identifying Reportable Segments

Primary and Secondary Segment Reporting Formats 26 – 30

Business and Geographical Segments 31 – 33

Reportable Segments 34 – 43

Segment Accounting Policies 44 – 48

Disclosure 49

Primary Reporting Format 50 – 67

Secondary Segment Information 68 – 72

Illustrative Segment Disclosures 73

Other Disclosure Matters 74 – 83

Appendices:

A. Segment Definition Decision Tree Page 32

B. Illustrative Segment Disclosures Page 33

C. Summary of Required Disclosure Page 38

ENDNOTES Page 42

Australian Accounting Standard AASB 114 Segment Reporting (as amended) is set out in paragraphs Aus1.1 – 83. All the paragraphs have equal authority. Terms defined in this Standard are in italics the first time they appear in the Standard. AASB 114 is to be read in the context of other Australian Accounting Standards including AASB 1048 Interpretation of Standards, which identifies the Australian Accounting Interpretations. In the absence of explicit guidance, AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies.