Operating segments, Financial Accounting

Vincent Ltd operates solely in Western Australia and the chief operating decision maker has identified five operating segments: Mining, Insurance, Retailing, Manufacturing and Transport.  The following information is provided to you for the year ending 30 June 2012:

 

Segment

Revenue

($000)

Segment

Result

($000)

Segment

Assets

($000)

Mining

11 100

2 835

18 000

Insurance

4 950

-7 800

7 500

Retailing

2 100

750

3 000

Manufacturing

600

240

9 000

Transport

6 960

 3 525

7 500

Additional Information

Thirty per cent of the revenue earnt by the Transport segment was generated from intersegment sales from the Mining segment.

Required

Determine which of the five operating segments are reportable using the guidelines provided in the relevant accounting standard and offer any explanations as required.  Show all workings.

Posted Date: 4/1/2013 1:41:29 AM | Location : United States







Related Discussions:- Operating segments, Assignment Help, Ask Question on Operating segments, Get Answer, Expert's Help, Operating segments Discussions

Write discussion on Operating segments
Your posts are moderated
Related Questions
We have discussed the computation of the future value in the previous sections; here let us work the process in opposite. Let us assume you have won a lottery ticket worth Rs. 1000


can a company reissue a share at discount which was earlier issued at discount

Can you help me with that?

Calculation of the actuarial gain/losses in year to 31 December 2010 FV of plan assets PV of plan liabilities $000

Deferred tax A company may enter into transactions in the current financial period that may result in the firm either paying or saving some tax in the future. The tax that may be

are the notes to the financial statements part of the financial reporting

SECTION B QUESTION 2: Two companies Juk Ltd and Roop Ltd operate in the tourism sector. Financial forecasts are provided below: Income Statement for yea

Five years ago Ramon Millan quit his job as an associate at a large law firm and opened a burger joint in Malibu. His innovative use of aged blue cheeses and specialty sauces resul

Q. Which of the following is not true of a corporation? a. It may buy, own, and sell property. b. It may sue and be sued. c. The acts of its owners bind the corporation. d. It may