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.

	General department stores $m	Liquor stores $m	Toy stores $m	All segments $m
Revenue	500	220	80	800
Segment result (profit)	28	9	6	43
Assets	800	350	150	1 300

Required

Identify Carnarvon Ltds reportable segments in accordance with AASB 8/IFRS 8. Explain your answer. (LO5)