When sales to a single customer amount to 10% or more of total revenues, disclosure of which of the following is not required under IFRS 8?
A) The fact that sales to a single customer exceed 10% of total revenues.
B) The operating segment reporting the revenues.
C) The name of the customer.
D) The total amount of revenue from each such customer.

Question

Quizplus · Accepted Answer

Disclosure of the name of the customer is not required under IFRS 8, even if their sales amount to 10% or more of total revenues. However, the fact that sales to a single customer exceed 10% of total revenues, the operating segment reporting the revenues, and the total amount of revenue from each such customer must be disclosed.

When Sales to a Single Customer Amount to 10% or More