Cherry Ltd has the following segment information from the consolidated financial statements for the years ended 31 December 2011 and 2012:
Operating segments C V I
N$ N$ N$
Sales to customers
2011 350 000 275 000 665 000
2012 450 000 350 000 560 000
Total assets
2011 1 000 000 765 000 910 000
2012 1 200 000 800 000 1 000 000
Results of operations
2011 profit(loss) 150 000 105 000 (100 000)
2012 profit/(loss) 225 000 250 000 (70 000)
Segment V is a wholly owned subsidiary acquired in 2011. Its method of accounting for inventory differs from that used by the rest of the group. In 2012 the accounting policy was changed to bring it in line with the group, which resulted in the profits of 2011 being restated by a surplus of $10 000. This change is not reflected in the segment information given above.
The company has not changed the basis for segment reporting and it is expected that the current trend in results will continue.
The company operates in one geographical area only.
Required:
By using the given information only, show how the segment information should be disclosed in the consolidated financial statements of the group for the year ended 31 December 2012 in accordance with the requirements of IFRS.