Which of the following characteristics of a segment is not considered reportable in AASB 8 Operating Segments?
A) Reported revenue, both external and internal, is 10 per cent or more of the combined revenue, both external and internal of all operating segments.
B) The absolute amount of its reported profit or loss is 10 per cent or more of the greater, in absolute amount, of (i) the combined reported profit of all operating segments that did not report a loss and (ii) the combined reported loss of all operating segments that reported a loss
C) Assets are 10 per cent or more of the combined assets of all operating segments.
D) Operating segments that do not meet any of the quantitative thresholds, but management believes that information about the segment would be useful to users of the financial statements.

Question

Quizplus · Accepted Answer

AASB 8 Operating Segments requires reporting of segments based on quantitative thresholds, such as revenue, profit or loss, and assets, which are mentioned in options A, B, and C. However, option D refers to a situation where there are no quantitative thresholds, but management believes the information about the segment would be useful to the users of the financial statements, and hence it is not considered reportable.

Which of the Following Characteristics of a Segment Is Not