Two listed companies on the HK stock exchange to evaluate how the companies report - Essay Example

The company has reported the turnover from various geographical locations. The highest turnover has been reported for Mainland China. Other than regional turnover the operating profit or loss from the various countries has also been reported. Other than geographical reporting the company has also disclosed revenue from various operations like retail & distribution; export & licensing; manufacturing and inter-segment sales. The turnover and profit position of the company from the various brands like Giordano & Giordano Junior, Giordano Concepts, Giordano Ladies etc.

have also been disclosed. As per the revised accounting norms the company also has to make disclosures about segment assets and segment liabilities in the annual reports (Deloitte, 22010). Based on this the Group has disclosed about the deferred tax assets and non-current assets in Mainland China and Hong Kong. The company has also reported about segment assets position in other locations like Taiwan, Australia, Singapore, etc. According to the revised accounting norms a company must also disclose about the income earned by it from its product and services.

In the annual reports the Group has reported about the turnover, operating profit and number of outlets of the various brands in the market. As per IFRS8 the company must also disclose about the various liabilities values of the various segments in its annual report. The revised standard requires interest income to be reported separately from an interest expense for each segment. However, in the annual report of Giordano the company has not made any such disclosures about interest expense and income of its segment.

IFRS 8 also requires the company to report segment information like investment in the form of joint ventures and associations as well as any additions to assets like non-current assets and deferred tax assets, assets of the employees’ post-employment etc. Giordano has not made any disclosures about segment liabilities. The company has not made any disclosures about the joint ventures and association of its segments in the various locations (Giordano International Limited, 2009). Operating Segments disclosure in Bossini In the annual reports for the financial year 2009 Bossini has not followed the HFKRS 8 Operating Segments (IFRS 8).

The company has presented its segment information with respect to result and revenue. As the Group derives most of its revenue from distribution and retailing of garments it has not presented a separate analysis relating to its business segments in the annual report. The company has reported about the revenue and results from various geographical segments like Mainland China, Hong Kong, Singapore, Malaysia, Taiwan etc. However there are no disclosures about interest income and profitability of each of its segment.

The company has reported about the segment assets and segment liabilities in its annual report. The amount of investment relating to the various segments has also been reported. The amount of depreciation relating to the various segments has also been disclosed. The Group has separately disclosed the revenue earned by it from retailing & distribution of garments and from services related to its rendering. Other than this the company has n