IFRS Accounting Taxonomy 2024 – Illustrative examples
Example 41 - Disaggregation of revenue-quantitative disclosure
Example 41 illustrates the requirements in paragraphs 114-115 and B87-B89 of IFRS 15 on the disaggregation of revenue disclosure.
An entity reports the following segments: consumer products, transportation and energy, in accordance with IFRS 8 Operating Segments. When the entity prepares its investor presentations, it disaggregates revenue into primary geographical markets, major product lines and timing of revenue recognition (ie goods transferred at a point in time or services transferred over time).
The entity determines that the categories used in the investor presentations can be used to meet the objective of the disaggregation disclosure requirement in paragraph 114 of IFRS 15, which is to disaggregate revenue from contracts with customers into categories that depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. The following table illustrates the disaggregation disclosure by primary geographical market, major product line and timing of revenue recognition, including a reconciliation of how the disaggregated revenue ties in with the consumer products, transportation and energy segments, in accordance with paragraph 115 of IFRS 15.
|
Segments |
Consumer products |
Transport |
Energy |
Total |
|
CU |
CU |
CU |
CU |
|
|
Primary geographical markets |
||||
|
North America |
|
|
|
|
|
Europe |
|
|
|
|
|
Asia |
|
|
- |
|
|
|
|
|
|
|
|
Major goods/service lines |
||||
|
Office supplies |
|
- |
- |
|
|
Appliances |
|
- |
- |
|
|
Clothing |
|
- |
- |
|
|
Motorcycles |
- |
|
- |
|
|
Automobiles |
- |
|
- |
|
|
Solar panels |
- |
- |
|
|
|
Power plant |
- |
- |
|
|
|
|
|
|
|
|
|
Timing of revenue recognition |
||||
|
Goods transferred at a point in time |
|
|
|
|
|
Services transferred over time |
- |
- |
|
|
|
|
|
|
|
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