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APPLICATION EXERCISES Jasmine, a public limited company, has four business segments which are currently reported in its financial statements. Jasmine is an international restaurant group. The results of the regional segments for the year ended 31 October 2016 are as follows: European South-east Asia Africa North America South America Revenue External I nternal RM million RM million 650 180 450 100 250 50 150 50 Profit/Loss RM million (10) 70 40 15 Assets RM million 900 400 200 300 2,000 300 40 105 There were no significant inter-company balances in the segment assets and liabilities. Required: Discuss the principles in MFRS 8 Operating Segments for the determination of a company's reportable operating segments and how these principles would be applied to Jasmine using the information given above. 11