Q.No.3: Fashion & Style Textile (FST) Limited is a public listed company and renowned in the industry of textile. The Company has five business segments, each having its own revenue, expenses, assets and liabilities. The details of cach business segment for the year ended December 31, 2016 are as follows: Business Revenue Gross Profit Operating Segment Expenses Spinning 1969 1211 69 Weaving 238 129 Dyeing 250 25 Home Textile 272 Garments 34 RS. in million Assets Liabilities 2016 488 391 127 103 140 119 145 100 Marks Additional information: The Weaving and Dyeing segments' revenue include external Customers as well as intersegment revenue. Intersegment revenue of both the segments are as follows: > Revenue of -Weaving' segment includes Rs. 30 million. It supplies fabric to Dyeing segment at a contribution margin of 25%. > Dyeing segment includes revenue of Rs. 12 million as it provides dyeing service to 'Garment' segment at a contribution margin of 20%. The operating expenses of the company's head office of Rs. 80 million have not been allocated to any segment. Assets and liabilities amounting to Rs. 160 million and Rs. 35 million respectively have not been reported in the assets and liabilities of any segment. Required: In accordance with the relevant IFRS: Identify which of the above segments will be classified as reportable segments of FST Limited b) How the reportable segments identified above and the necessary reconciliation would be disclosed in FST Limited's financial statements for the year ended December 31, 2016? Q.No.3: Fashion & Style Textile (FST) Limited is a public listed company and renowned in the industry of textile. The Company has five business segments, each having its own revenue, expenses, assets and liabilities. The details of cach business segment for the year ended December 31, 2016 are as follows: Business Revenue Gross Profit Operating Segment Expenses Spinning 1969 1211 69 Weaving 238 129 Dyeing 250 25 Home Textile 272 Garments 34 RS. in million Assets Liabilities 2016 488 391 127 103 140 119 145 100 Marks Additional information: The Weaving and Dyeing segments' revenue include external Customers as well as intersegment revenue. Intersegment revenue of both the segments are as follows: > Revenue of -Weaving' segment includes Rs. 30 million. It supplies fabric to Dyeing segment at a contribution margin of 25%. > Dyeing segment includes revenue of Rs. 12 million as it provides dyeing service to 'Garment' segment at a contribution margin of 20%. The operating expenses of the company's head office of Rs. 80 million have not been allocated to any segment. Assets and liabilities amounting to Rs. 160 million and Rs. 35 million respectively have not been reported in the assets and liabilities of any segment. Required: In accordance with the relevant IFRS: Identify which of the above segments will be classified as reportable segments of FST Limited b) How the reportable segments identified above and the necessary reconciliation would be disclosed in FST Limited's financial statements for the year ended December 31, 2016