Segment reporting is covered under IAS 14. According to, “IAS 14 Segment Reporting requires the reporting of financial information by business or geographical area. It requires disclosures for 'primary' and 'secondary' segment reporting formats, with the primary format based on whether the entity's risks and returns are affected predominantly by the products and services it produces or by the fact that it operates in different geographical areas.

IAS 14 was issued in August 1997 and was applicable to annual periods beginning on or after 1 July 1998. It has since been superseded by IFRS 8 Operating Segments with effect from annual periods beginning on or after 1 January 2009.”

In other words, its objective is to establish principles for reporting financial information by 1. line of business and by 2. geographical area. It applies to organizations whose equity or debt securities are publicly traded and those in the process of issuing securities to the public.
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