Segment reporting
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 November 2014
For segment identification; can we consider quarterly results of divisions?
In last quarter, profit of one division has exceeded 10% threshold limit but upto last previous year results of that division had not exceeded 10% threshold limit,thus not reported as segment. But during last quarter July'14 to Sep'14 result of that particular division has exceeded 10% of total result of the company.
Should we wait to identify segment upto March'2015 or we can report segment wise on the basis of quarter results only?
In last quarter, profit of one division has exceeded 10% threshold limit but upto last previous year results of that division had not exceeded 10% threshold limit,thus not reported as segment. But during last quarter July'14 to Sep'14 result of that particular division has exceeded 10% of total result of the company.
Should we wait to identify segment upto March'2015 or we can report segment wise on the basis of quarter results only?
Amol S Joglekar
(Expert)
08 November 2014
if you are fairly sure that this segment is taking up the shape, do report it this quarter only. And one basic thing....segmentation is NOT at all rigid....it can change over the number of years. Banking industry can be cited as good example for this.
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