Question 1 (15 marks) KS Limited is a large conglomerate, operating in many lines of industries in the city. These lines are arranged as divisions, each with a division vice-president (VP). On a monthly basis, the CEO (Operations) reviews the financial performance of all these divisions. Furthermore, the CFO uses the divisional financial performance to determine reportable segments for financial reporting purposes. The information pertaining to the divisions is as follows. Division Assets $'000 40 1 7 2 ExternalIntersegment Profit/ revenue revenue (loss) $'000 S'000 $'000 50 20 15 10 45 5 25 60 0 28 24 5 -5 18 0 -21 -12 18 4 5 6 30 45 30 15 Further information reveals that Division 4 is in the retail business. Its VP has grouped under the division the financial performance of the sale of smart phones and refrigerators, among other products, Required: Determine, with relevant calculation, the reportable segments under HKFRS 8 Operating Segments. (10 marks) (b) Discuss whether the sale of smart phones and the sale of refrigerators could be aggregated under the same reportable segment under HKFRS 8 Operating Segments