Parattah 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, Parattah 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.

The segment results of Parattah Ltd are as follows:

Required 

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

Transcribed Image Text:

Revenue Segment result (profit) Assets General department Liquor Toy All stores Sm stores Sm stores segments Sm Sm 500 200 100 800 46 29 10 85 760 280 210 1 250