CERTYNEX IFRS ACADEMY

A reporting manager summarises the aggregation and disaggregation principles of IFRS 18 for Tamaris SA. Which of the manager's sentences is wrong?

IFRS 18 sets a numerical threshold above which an aggregation must be disaggregated into separate lines.

Items that share common characteristics are aggregated.

Aggregation and disaggregation must not obscure material information, whatever readability is sought.

Judgement is exercised with no imposed numerical threshold, on the basis of the application guidance, weighing the characteristics of the items.