Primary Reporting FormatPrimary Reporting Format

Primary Reporting Format

50. The disclosure requirements in paragraphs 51-67 shall be applied to each reportable segment based on an entity’s primary reporting format.

51. An entity shall disclose segment revenue for each reportable segment. Segment revenue from sales to external customers and segment revenue from transactions with other segments shall be separately reported.

52. An entity shall disclose segment result for each reportable segment, presenting the result from continuing operations separately from the result from discontinued operations.

52A. An entity shall restate segment results in prior periods presented in the financial statements so that the disclosures required by paragraph 52 relating to discontinued operations relate to all operations that had been classified as discontinued at the balance sheet date of the latest period presented.

53. If an entity can compute segment profit or loss or some other measure of segment profitability other than segment result without arbitrary allocations, reporting of such amount(s) is encouraged in addition to segment result, appropriately described. If that measure is prepared on a basis other than the accounting policies adopted for the consolidated or entity financial statements, the entity will include in its financial statements a clear description of the basis of measurement.

54. An example of a measure of segment performance above segment result on the income statement is gross margin on sales. Examples of measures of segment performance below segment result on the income statement are profit or loss from ordinary activities (either before or after income taxes) and profit or loss.

55. An entity shall disclose the total carrying amount of segment assets for each reportable segment.

56. An entity shall disclose segment liabilities for each reportable segment.

57. An entity shall disclose the total cost incurred during the period to acquire segment assets that are expected to be used during more than one period (property, plant, equipment, and intangible assets) for each reportable segment. While this sometimes is referred to as capital additions or capital expenditure, the measurement required by this principle shall be on an accrual basis, not a cash basis.

58. An entity shall disclose the total amount of expense included in segment result for depreciation and amortisation of segment assets for the period for each reportable segment.

59. An entity is encouraged, but not required to disclose the nature and amount of any items of segment revenue and segment expense that are of such size, nature, or incidence that their disclosure is relevant to explain the performance of each reportable segment for the period.