Question: the question is just like that QUESTION 1 (Operating Segments: IFRS 8) (20 Marks) Nam Machines Ltd Company is listed on the Namibian Stock Exchange.
the question is just like that
QUESTION 1 (Operating Segments: IFRS 8) (20 Marks) Nam Machines Ltd Company is listed on the Namibian Stock Exchange. Nam Machines Ltd's main business is to lease various machines (graders, excavators, trippers and dump trucks) to other construction companies. The financial manager prepares a monthly report on the major components of the company. There are various discrete financial information included in the report. This report is reviewed by the Chief Financial Officer and the Chief Operating Officer to enable them to make decisions about the number of resources to be allocated to the major components of the company and to monitor their performance. Below is an extract of this report: Summary report of Nam Machine Ltd for the 12 months ended 31 December 2019 Machine Plant Operators Construction Training Total Sales Hire & driver Unit facility hire N$ 000 NS N$ 000 NS 000 NS 000 NS 000 000 Total revenue from sales 20962 10 641 3 808 5953 1 047 42 411 -Revenue from external 18 456 9 652 2 963 5953 685 37 709 Customer - Intersegment revenues 2 506 989 845 0 362 4 702 Interest revenue 1 569 632 0 63 11 2 275 Interest expense 1 236 1 563 1 231 62 4092 Profit or loss from 12 361 4 236 1986 (85) 425 18 923 components Total asset of components 536 19 695 50 4 125 2021 26 427 0 The financial manager approached you to help with identifying the reportable segments. Required: 1.1 Identify the reportable segments as specified in IFRS8 paragraph 11. 15 Use the information in the above table and disclose the reconciliation of 05 reportable segment revenue for the 12 months ended 31 December 2019. TOTAL 20 1.2 QUESTION 1 (Operating Segments: IFRS 8) (20 Marks) Nam Machines Ltd Company is listed on the Namibian Stock Exchange. Nam Machines Ltd's main business is to lease various machines (graders, excavators, trippers and dump trucks) to other construction companies. The financial manager prepares a monthly report on the major components of the company. There are various discrete financial information included in the report. This report is reviewed by the Chief Financial Officer and the Chief Operating Officer to enable them to make decisions about the number of resources to be allocated to the major components of the company and to monitor their performance. Below is an extract of this report: Summary report of Nam Machine Ltd for the 12 months ended 31 December 2019 Machine Plant Operators Construction Training Total Sales Hire & driver Unit facility hire N$ 000 NS N$ 000 NS 000 NS 000 NS 000 000 Total revenue from sales 20962 10 641 3 808 5953 1 047 42 411 -Revenue from external 18 456 9 652 2 963 5953 685 37 709 Customer - Intersegment revenues 2 506 989 845 0 362 4 702 Interest revenue 1 569 632 0 63 11 2 275 Interest expense 1 236 1 563 1 231 62 4092 Profit or loss from 12 361 4 236 1986 (85) 425 18 923 components Total asset of components 536 19 695 50 4 125 2021 26 427 0 The financial manager approached you to help with identifying the reportable segments. Required: 1.1 Identify the reportable segments as specified in IFRS8 paragraph 11. 15 Use the information in the above table and disclose the reconciliation of 05 reportable segment revenue for the 12 months ended 31 December 2019. TOTAL 20 1.2 Step by Step Solution
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