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IFRS 8 – Aggregation of operating segments and identification of the chief operating decision maker

Date recorded:

In April 2011, the Board received a request to make some improvements to IFRS 8 Operating Segments, with regard to the application of the aggregation criteria and to the identification of the chief operating decision-maker. The Board asked the IFRS Interpretations Committee to consider this request and to make a recommendation to the Board on how it thought the Board should respond. The Committee discussed this request at its meeting in July 2011 and decided that, rather than attempt to address these issues through an interpretation or an annual improvement, it would be best to recommend that the Board should consider this issue as part of a future post-implementation review of IFRS 8.

In August 2011, the Committee received an unsolicited comment letter from the same submitter including some observations on the Committee's views as reflected in the July 2011 IFRIC Update regarding a) the aggregation of operating segments and b) the identification of the chief operating decision-maker. The submitter expressed its disagreement with the Committee's decision to recommend the Board to consider the issues raised as part of a post-implementation review of IFRS 8. The staff presented its paper to the Committee that it was intending to present to the Board for consideration of the issues raise in the submission for discussion at its September 2011 meeting. The Committee tentatively agreed to retain its original decision and noted that the issue would be discussed at the Board meeting in September 2011.

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