Analysing the segment information    LO7 Shakes Ltd is a listed diversified manufacturing company. It is listed on the London Stock Exchange and produces most of its products in China and India. Its markets are in the European Union and the Asia–Pacific region. It produces three types of products and services: home furniture, office furniture and soft furnishings. The CODM has determined that Shakes Ltd’s operating segments should be based on geographical markets and has identified the reportable segments as listed below. The following information is reported to the CODM for each of the markets. 1. Earnings before interest, depreciation and amortisation and taxation (EBITDA) 2. Revenues from external customers The following table sets out the financial information provided to the CODM for the year ended 31 December 2020. Each operating segment has been identified as a reportable segment. France $ Germany $ United Kingdom $ India $ China $ Australia and New Zealand $ Revenue from external customers 22 300 000 35 654 000 21 587 600 5 356 800 7 324 800 8 763 400 Intersegment revenue — — — 10 000 000 10 000 000 — EBITDA 6 400 000 7 325 000 5 325 000 5 324 000 7 625 000 2 325 000 Other information disclosed in the company’s 31 December 2020 financial statements includes:

(a) total consolidated revenue: $125 000 000

(b) intersegment revenues represent wholesale sales from China and India to the other operating segments

(c) net profit before taxation: $25 625 000

(d) total consolidated assets: $1 041 670 000

(e) revenue from external customers for each type of product: (i) home furniture: $78 525 000 (ii) office furniture: $17 700 000 (iii) soft furnishings: $28 775 000. Required Analyse Shakes Ltd’s business with reference to its reported segment information. Show all workings to support your analysis.