Geographic segments refer to specific geographical areas, typically countries or groups of countries, where a company operates. According to International Financial Reporting Standard (IFRS) 8, companies must disclose certain financial data for each geographic segment in their financial statements.
A geographic segment is defined as the origin or area from which products or services of an organization are supplied to a third party or another segment within the same organization. This is crucial in segmental reporting to understand performance disparities across different regions.
