Overtan plc has four operating segments. The following figures relate to the year to 30 April 2018. Similar information is provided to the chief operating decision-maker on a monthly basis.

 

General administrative expenses for the year (not allocated between segments) were £120m. The company's tax expense for the year was £150m. Unallocated assets and liabilities were £457m and £658m respectively.

Insofar as this information permits, prepare the information about reportable segments and the reconciliations which should appear in the company's segment report for the year to 30 April 2018, in accordance with the requirements of IFRS8.

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External sales Sales to other segments Interest income Segment revenue Cost of sales Distribution costs Administrative expenses Interest expense Depreciation Other non-cash expenses Segment expenses Segment profit Segment assets Segment liabilities Segment capital expenditure Segment A Segment B £m £m 652 127 17 796 267 98 120 34 101 17 637 159 530 245 99 764 234 12 1,010 350 129 171 51 132 12 845 165 653 276 68 Segment C £m 389 87 476 124 67 130 20 65 7 413 63 310 119 Segment D £m 1,220 333 56 1,609 632 196 179 87 253 29 1,376 233 982 398 122 External sales Sales to other segments Interest income Segment revenue Cost of sales Distribution costs Administrative expenses Interest expense Depreciation Other non-cash expenses Segment expenses Segment profit Segment assets Segment liabilities Segment capital expenditure Segment A Segment B £m £m 652 127 17 796 267 98 120 34 101 17 637 159 530 245 99 764 234 12 1,010 350 129 171 51 132 12 845 165 653 276 68 Segment C £m 389 87 476 124 67 130 20 65 7 413 63 310 119 Segment D £m 1,220 333 56 1,609 632 196 179 87 253 29 1,376 233 982 398 122

Answer rating: 100% (QA)

Answer IFRS 8 requires that the segment information disclosed in the financial statements should include information about the revenue expenses assets and liabilities of the reportable segments In the ... View the full answer