A company's total external revenue for an accounting period is £420 m. There is no inter-segment revenue. The company's total assets are £1204 m. The total profit or all profitable segments for the period is £53.2 m and the total losses of all loss-making segments are £17.6 m. Operating segment X has external revenue of £ 41 m, total assets of £103.6 m and a loss of £ 1.76m.

Is segment X Reportable according to IFRS 8?

Select one:

a. X is Reportable as it passes the Revenue test

b. X is not Reportable as it does not pass any the three tests of Revenue, Profit/Loss and Total Assets

c. None of the answers is correct

d. X is Reportable as it passes the Total Assets test

e. X is Reportable as it passes the Profit/Loss Test as the loss of £ 1.76m made by X is equal to 10% of the total loss made by all loss-making segments of £17.6 m