Examine Note 19 to Brascan’s financial statements and answer the following questions on segment disclosure:

a. Identify the business segments in which Brascan operates. Which segment has the most revenues? Which has the most assets? Which has the most income?

b. Identify the geographic segments that Brascan reports in Note 19. Which segment has the most revenues? Which has the most assets? Why do you think segment income information isn’t provided for the geographic segments?

c. Is the segmented information provided only for the entities that are consolidated into Brascan’s consolidated financial statements? Explain.

d. Why is segment disclosure required under GAAP? As a user of Brascan’s annual report, how would your ability to use the financial statements be impaired by not having the segmented information?

e. What are the limitations of the segment disclosure provided by Brascan?