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ARTICLE
Y Income tax expenses and benefit. essary for this analysis is not available and the cost for
developing it would be excessive, that fact must be
Y Material items of income and expenses. disclosed.The other disclosures are:
Y Revenue from external customers for each prod-
Y The entities interest in the profit or loss of associ-
ates and joint ventures accounted for by the eq- ucts and services.
uity method.
Y Revenue from external customers of domestic
Y Other significant non-cash items. country and of forging country.
C. Basis of measurement Y Carrying amount of non-current assets by geo-
graphical area irrespective of the identification of
Y The amount of each item shall be measured on operating segments.
the same basis which is used for reporting to the
chief operating decision maker. Y The information about major customers and the
total revenue from each such customer but need
Y Adjustment, elimination and allocation shall be not to disclose the identity of such major custom-
made if they are included in the chief operating ers or the amount of revenues that each operat-
decision maker report. ing segment earns from that customer.
D. Reconciliation Unique Features of Ind AS 108
Y Segmental revenue with consolidated revenue. This standard requires to report financial and descriptive
information about its reportable segments. Reportable
Y Segment assets with consolidated assets. segments would be operating segments or aggregations
of operating segments that meet specified criteria. Gen-
Y Segment liabilities with consolidated liabilities. erally, financial information would require to be reported
on the basis that is used internally for evaluating operat-
Y Other material items of the reported segment ing segments performance and allocating resources to
with that of the enterprise as a whole. operating segments. It extends the scope of segment re-
porting by including entities whose equities or debt securi-
E. Entity-wide Disclosures ties are publicly traded and entities that are in process of
issuing the securities in public securities markets.
In addition, there are some prescribed entity wise dis-
closures that are required even when an entity has
only one reportable segment. If the information nec-
It requires the information about the components of the
entity that management used to make decisions about
operating matters and assesses its performance. The rec-
onciliation of total reportable segment revenue, total
profit or loss, total assets and other amounts disclosed for
reportable segments to corresponding amounts in the en-
tities financial statements have to be disclosed.
An explanation of how segment profit or loss and segment
assets are measured is to be mention in the financial
statements for each reportable segment. The entity have
to report information about its major customers and
about the countries in which it earns revenue and holds
assets, regardless of whether that information is used by
management in operating decision making. Finally, it also
requires the descriptive information about the way by
which operating segments where determined.
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