Disclosures LO5, 6 Makesit Ltd, a listed manufacturing company, has two reportable segments, A and

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Disclosures   LO5, 6 Makesit Ltd, a listed manufacturing company, has two reportable segments, A and B. Both A and B are manufacturing segments. Required For each item listed, state whether or not it would be disclosed for each of the reportable segments, identify the segments for which it would be disclosed and explain what other disclosures, if any, are required in accordance with AASB 8/IFRS 8. 1. Interest income — not reported to the CODM on a segment basis but regularly provided to the CODM for the group as a whole 2. Dividend income — not reported to the CODM on a segment basis but regularly provided to the CODM for the group as a whole 3. Share of profits from investments in equity‐method associates attributable to Segment A — reported to the CODM for Segment A 4. Interest expense — not reported to the CODM on a segment basis but regularly provided to the CODM for the group as a whole 5. Revenues from external customers for each of Segment A and Segment B 6. The amount of investments in associates accounted for using the equity method attributable to Segment A 7. Payables and trade creditors attributable to Segment B but not reported to the CODM 8. Borrowing costs that have been capitalised for Segment B and are regularly reported to the CODM

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Financial Reporting

ISBN: 978-0730363361

2nd Edition

Authors: Janice Loftus ,Ken Leo ,Sorin Daniliuc ,Belinda Luke ,Hong Nee Ang ,Karyn Byrnes

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