Whether segment-wise results are necessary

This query is : Resolved 

31 October 2009 Hi Sir,
I am working as an audit manager in an audit firm. One of my client company has three subsidiary companies. They desired to publish consolidated financial results for the half-year ended. Whether it has to publish segment wise results also

01 November 2009 For Segment repoting there is a As-17 and for Related Party disclosure As-18. is applicable. In Your case holding and subsdiary relationship are covered in As-18. You have to give separte disclosure if you qualify the requirement of reportable segment as per As-17.



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