ESMA · ESMA_QA_1871 Answer Published

Segment information; Paragraphs 17 to 19 of the APMs Guidelines.

Regulation
Transparency Directive (TD) Directive 2004/109/EC
Topic
Alternative Performance Measures (APM)
Submitted
2017-01-27
Answered
2017-01-27
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Question

Do the APMs Guidelines apply to measures presented in segment information?

Answer

[ESMA32-51-370 APM Q5] Unless the measures presented in segment information are defined or specified in the applicable financial reporting framework, the APMs Guidelines apply to these measures if they are presented outside financial statements (e.g. management report).  As paragraph 4 of the APMs Guidelines excludes APMs disclosed in financial statements, they do not apply to APMs included in the segment information within financial statements (paragraph 4 of the APMs Guidelines). In case such APMs are presented inside and outside financial statements please refer to question ESMA_QA_1868 (historical reference ESMA32-51-370 APM Q2 ).
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