Carnarvon Ltd is a listed diversified retail company. Its stores are located mainly in Australia. It has three main types of stores: general department stores, liquor stores and specialist toy stores. Each of these stores has different products, customer types and distribution processes. In accordance with AASB 8/IFRS 8, Carnarvon Ltd has identified three operating segments: general department stores, liquor stores and specialist toy stores. All three business units earn most of their revenue from external customers. Total consolidated revenue of Carnarvon Ltd is $800 million. Business segment Segment revenue ($000) Profit or loss ($000) Segment assets ($000) General dep store 500 28 800 Liquor stores 220 9 350 Toy stores 80 6 150 All segments 800 43 1300 Required: Determine which segments of Carnarvon Ltd are reportable in accordance with the guidelines provided in AASB 8/IFRS 8. Show your calculations
Carnarvon Ltd is a listed diversified retail company. Its stores are located mainly in Australia. It has three main types of stores: general department stores, liquor stores and specialist toy stores. Each of these stores has different products, customer types and distribution processes. In accordance with AASB 8/IFRS 8, Carnarvon Ltd has identified three operating segments: general department stores, liquor stores and specialist toy stores. All three business units earn most of their revenue from external customers. Total consolidated revenue of Carnarvon Ltd is $800 million.
|
Business segment |
Segment revenue ($000) |
Profit or loss ($000) |
Segment assets ($000) |
|
General dep store |
500 |
28 |
800 |
|
Liquor stores |
220 |
9 |
350 |
|
Toy stores |
80 |
6 |
150 |
|
All segments |
800 |
43 |
1300 |
Required: Determine which segments of Carnarvon Ltd are reportable in accordance with the guidelines provided in AASB 8/IFRS 8. Show your calculations.
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