Question 4

Johnson is a group accountant working for Sajama plc, a global distribution company. Sajama plc has six operating segments within the UK which are routinely reported segmentally in the management accounts.

The following information relates to the year ended 31^st December 2021:

	Midlands	South	London	Wales	Scotland	North	Total
Revenue	22.0	10.0	30.0	32.0	11.0	10.0	115.0
Profit/(Loss)	3.2	-1.5	6.0	8.0	-1.3	- 1.3	13.1
Assets	38.0	13.0	50.0	40.0	15.0	14.0	170.0

Note: All figures are in millions

The directors of Sajama plc have asked Johnson to consider whether they need to comply with IFRS 8 and which information wouldneed to be included in the financial statements. They are keen to keep any segmental disclosure to the minimum as they dont want to share market-sensitive data with their competitors.

YOU ARE REQUIRED TO:

Using calculations, identify the companys reportable segments for the year to 31^st December 2021.Show all workings.