Segment Reporting (IFRS-8)

These consolidated Financial Statements relate to the JYCE Group for the year ended September
30, 20X4:
JYCE Group
Balance Sheet
As at September 30, 20X4
Taka
ASSETS:
Noncurrent assets:
Property, plant, and equipment 500
Goodwill 100
Investment in associate 70
670
Current assets 130
Total Assets 800
EQUITY AND LIABILITIES:
Equity attributable to equity holders of parent
Share capital 200
Retained earnings 400
600
Minority interest 50
Total equity 650
Noncurrent liabilities 60
Current liabilities 90
Total equity and liabilities 800

JYCE Group
Income Statement
For the year ended September 30, 20X4
Taka
Revenue 1800
Cost of sales (1200)
Gross profit 600
Other income 60
Distribution costs (200)
Administrative expenses (100)
Other expenses (50)
Finance costs (60)
Share of profit of associates 10
Profit before tax 260
Income tax expense (70)
Profit for the period 190
Attributable to:
Equity holders of the parent 176
Minority interest 14
190

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This information is relevant to the production of the segmental information:
a) The entity is organized for management purposes into three major operating divisions: office
furniture, office stationery, and computer products. There are other smaller operating
divisions.
b) The sales revenue for the major operating divisions is set out next.
Intersegment sales
Eliminated on
Revenue Consolidation
$m $m
o Office furniture 800 200
o Office stationery 500 150
o Computer products 400 80
There are no intersegment sales to the smaller operating divisions.
c) The profit after taking into account the other income, distribution costs, and administrative
expenses can be allocated in this way:

Percentage of Profit
o Office Furniture 50%
o Office Stationery 25%
o Computer Products 20%
o Other Divisions 5%
100%

d) The “other” expenses, finance costs, and income tax expense cannot be allocated to the
segments on any reasonable basis.
e) During the year, the office furniture division had purchased an investment in an associate.
The profit shown in the income statement is after the elimination of intersegment profit of $2
million.
f) The next table shows the breakdown of segment assets and liabilities that are allocated to
segments.
Office Office Computer
Furniture Stationery Products
$m $m $m
o Property, plant, and equipment 300 100 80
o Goodwill 60 30 10
o Current assets 80 40 6
o Noncurrent liabilities 30 21 4
o Current liabilities 45 33 8
The remainder of the assets and liabilities relate to the other divisions except for an asset of $4
million and a liability of $6 million that cannot be allocated.
Required:
Produce a schedule that shows the information required for segment disclosures under IFRS-8,
Segment Reporting.

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