The core disclosures under UK GAAP are

• turnover

• result (profit before tax and minority interests)

• net assets.

These enable an analyst to calculate returns for each segment and make more informed decisions about the use of funding.

Other disclosures include a distinction between turnover derived from external customers and turnover derived from other segments, and for geographical segments a split of turnover by origin and destination.

In comparison international segmental disclosures are more comprehensive, and require a distinction to be made between business and geographical segments as to which is designated the primary reporting format. Key disclosures for the primary and secondary reporting formats not specifically required by UK GAAP include:

There are further detailed disclosures required, but suffice to say that the disclosures under international GAAP should provide a user with significantly more segmental information than they encountered previously under UK GAAP.