Floothair plc is a large international airline company with three operating segments: 

– International airline business 

– Domestic airline business 

– Non-airline business. 

The company reports segment information for the year to 31 May 2020 in accordance with IFRS8 Operating Segments. The following information is available for the year:

Required: 

(a) Prepare, insofar as the above information permits, a segment report for Floothair plc for the year to 31 May 2020. Assume that the company decides to treat all three segments as reportable segments. 

(b) Use the segment report to identify three significant aspects of the performance of Floothair plc which would not otherwise be evident.  

Transcribed Image Text:

Total revenue: International airline business Domestic airline business Non-airline business Unallocated income Profit/(loss) before tax and finance costs: International airline business Domestic airline business Non-airline business Profit on sale of assets: Non-airline business Unallocated Net finance costs Income tax expense Assets: International airline business Domestic airline business Non-airline business Liabilities: International airline business Domestic airline business Non-airline business Unallocated Total revenue includes the following inter-segment sales: International airline business Domestic airline business Non-airline business £m 8,207 402 267 22 803 (30) 16 32 4 149 130 12,050 240 140 4,566 84 350 5,420 103 14 7