Operating segments, Financial Accounting

Assignment Help:

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.


Related Discussions:- Operating segments

Financial Management, QUESTION 4: Spanking Clean (Ltd) operate a number of...

QUESTION 4: Spanking Clean (Ltd) operate a number of car washes and auto valet services. The company has experienced a reasonable trading year. They are deciding whether to pay ou

What do you mean by issuer, Q. What do you mean by Issuer? Issuer - Thi...

Q. What do you mean by Issuer? Issuer - This term means an issuer, securities of which are registered under Section 12 of Securities Exchange Act of 1934, or that is essential

Forecasting earnings, what if 50% of customers who switch from pisa pizza ...

what if 50% of customers who switch from pisa pizza who switch from original pizza to healthier pizza then switch to another brand from healthier pizza.

Financial managment, How is a company’s cost of capital affected by its tax...

How is a company’s cost of capital affected by its tax rate?

Homework help, I am needing homework help on my Principles to Accounting 1,...

I am needing homework help on my Principles to Accounting 1, but don''t know how much you guys charge

Indian company, content of financial statement with refrence to indian comp...

content of financial statement with refrence to indian company

Items reducing the deficit-liquidation of companies, Items reducing the def...

Items reducing the deficit: Items reducing the deficit would include: (a)    Profits from trading; (b)    Estimated profit on the realisation of assets. Notes: (a) Whe

Accounting adjustments to account for unpaid wages, James Bell plans to sta...

James Bell plans to stay at the Michaels Motel for one month, and he prepays his room charges. Bell arrives and begins his stay on January 21. To account for Bell's prepayment, at

Dissolutions, DISSOLUTIONS A partnership may be dissolved due to variou...

DISSOLUTIONS A partnership may be dissolved due to various reasons which include: Poor trading that has led to losses A partner dying or leaving the firm The time

Recieving order., 1.The debtor retains ownership, but loses possession and ...

1.The debtor retains ownership, but loses possession and control of his property

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd