Financial Accounting- Segment disclosure In 2016, Woolworths has chosen to split what was one segment in 2015 ('Australian Food Liquor and Petrol'), into what is now 2 segments ('Australian Food and Petrol' and 'Endeavour Drinks Group'). It would seem that Endeavour would have met both the revenue and results qualitative thresholds (AASB8 (13)) in 2015. Demonstrate these calculations. Given that, refer to AASB8 to comment on how Woolworths might have justified merging these 2 segments in the past. Why do you think they might have chosen to demerge them now? Resources:Woolworths Limited 2016, Annual Report extract. Woolworths Limited 2015, Annual Report extract. AASB 8 Segment Reporting. AASB 124 Related Party Disclosures