CERTYNEX IFRS ACADEMY

Ambrel does not present segment information under IFRS 8 (given). In 20X2 it recognised impairment losses on its warehouses and vehicles. What is its position regarding disclosures by segment and by class of assets?

It must define segments solely for IAS 36 purposes and break its impairment losses down by them.

Segment disclosures do not apply to it, but it discloses losses and reversals by class of assets, with the line items concerned.

It is exempt from both segment disclosures and disclosures by class of assets, since it has no segments to report in its financial statements.

It must provide segment disclosures, but only for reversals of impairment losses.