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MegaStores Ltd owns a number of department stores with numerous retail operations. On 30 June 2021, MegaStores Ltd has identified the following operating segments. Segment

MegaStores Ltd owns a number of department stores with numerous retail operations. On 30 June 2021, MegaStores Ltd has identified the following operating segments.

Segment

Revenue ($000)

Profit or Loss ($000)

Assets ($000)

External

Internal

Electronics

$19,524

Nil

-$6,024

$10,221

Printed Materials

$6,332

$5,294

-$2,506

$43,210

Green Grocer

$22,468

$2,200

$19,092

$125,024

Bakery

$31,268

Nil

$36,552

$53,153

Textile

$4,640

$3,128

-$4,472

$5,122

Multimedia

$35,306

Nil

$19,128

$200,005

Total

$119,538

$10,622

$61,770

$436,735

Required:

Which of the operating segments would be reportable under the criteria identified in AASB 8? In your answer, apply all threshold tests prescribed by AASB 8 before drawing your conclusion. Support your answer with references to specific paragraphs in the relevant accounting standard. You must show all supporting calculations.

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