The Financial Reporting Review Panel has decided that supermarket trolley group Supercart plc's failure to disclose information required by IFRS 8, Operating Segments, was 'not in accordance' with the standard. In its accounts for 2007, Supercart said it omitted the information on the grounds of commercial sensitivity. The FRRP said IFRS 8 is mandatory for periods on or after 1 January 2009, but the company applied it early. It requires segment information to be disclosed based on the information reported internally to the company's chief operating decision-maker and used to allocate resources and assess performance. The FRRP said the directors have accepted its conclusions and, in the recently published accounts for 2008 have complied with the requirements of IFRS 8, including the disclosure of the relevant information for 2007 by way of comparison. The panel says that when a company's accounts are defective in a material respect, it will try to get revisions by voluntary means. If this fails, it can make an application to the court, but to date no such applications have been made.