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Question 7 Carna Ltd is a listed diversified retail company. Its stores are located mainly in...

Question 7
Carna 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, Carna Ltd has identified three operating segments:
general stores, liquor stores, and toy stores.

All three business units earn most of their revenue from external customers. Total
The consolidated revenue of Carna Ltd is $400 million.

General Liquor   Toy   All segments
$m $m $m   $m

Revenue 250 110 40    400
Segment result (profit) 14 5 3 21
Assets 400 170 75 650


Required:
Identify Carna Ltd’s reportable segments in accordance with AASB 8/IFRS 8. Explain
your answer.

Solutions

Expert Solution

There is totalling mistake in segment result and assets

ekkarill92 answered 1 year ago
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