Page 132 - IC26 LIFE INSURANCE FINANCE

ENTERPRISE REVENUE is revenue is revenue from sales to external customers as reported in

the statement of profit and loss. (i.e. Sales made to external customers by all segments)

SEGMENT REVENUE is the aggregate of revenue directly attributable to segments revenue

reasonably allocated to segment; and revenue from transactions with other segments.

SEGMENT EXPENSE is the aggregate of operating expense directly attributable to segment

expenses reasonably allocated to segment; and expenses relating to transactions with other

segments.

However, SEGMENT REVENUE/EXPENSE does not include

(a) Extraordinary items as defined in AS-5

(b) Interest or dividend ( including earned/incurred on loans to other segment) unless the

operations of the segment are primarily of a financial nature

(c) Gains on sales of investments or on extinguishments of debt (Capital gain/loss) unless the

operations of the segment are primarily of a financial nature.

(d) General administration expenses, head office expenses and other expenses that arise at the

enterprise level and relate to the enterprise as a whole.

SEGMENT RESULT is segment revenue less segment expenses.

SEGMENT ASSETS are those operating assets that are employed by a segment in its operating

activities and that either are directly attributable the segment or can be allocated to the

segment on a reasonable basis.

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