Improvements to IFRS 8 Operating segments

Publication date: 29 Mar 2017

The proposed amendments follow on from a Post-implementation review (PIR) of IFRS 8 that was carried out to assess whether the standard works as intended. The PIR confirmed that the standard generally functions well but identified some areas that could benefit from improvements.

Please note This link will open in a new browser windowED Proposed amendments to IFRS8 IAS34 March 2017(pdf,206kb)

The proposed improvements in the exposure draft include amendments:

  • to clarify and emphasise the criteria that must be met before two operating segments may be aggregated;
  • to require companies to disclose the title and role of the person or group that performs the function of the chief operating decision maker; and
  • to require companies to provide information in the notes to the financial statements if segments in the financial statements differ from segments reported elsewhere in the annual report and in accompanying materials.

The Board has also proposed to amend IAS 34, 'Interim financial reporting', to require companies that change their segments to provide restated segment information for prior interim periods earlier than they currently do.

Comments are due 31 July 2017.

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