Question 3 (15 marks) The Torrance Company provides service for grocery sales through its online platform. The Torrance Company identifies the following four units as its operating segments, including Consultancy, Advertising, Logistics and IT service. The information relating to each segment for the year ended 31 December 2019 is shown as follows. External sales Internal sales Total sales Consultancy Advertising Logistics 35,000 22,500 55,000 2,500 35,000 22,500 57,500 IT Services 195,000 115,000 310,000 Total 307,500 117,500 425,000 27,500 125,000 External assets Intra-group assets Total assets 17.500 2,500 20,000 130,000 11,500 141,500 300,000 14,000 314,000 27,500 125,000 35,000 18,000 External liabilities Internal liabilities Total liabilities 320,000 15,000 335,000 25,000 15,000 40,000 398,000 30,000 428,000 35,000 18,000 128,000 5,000 (11,000) (24,000) 98,000 External net profit/(loss) Internal net profit/(loss) Net profit (loss) 0 (43,000) 85,000 (15,000) (10,000) 33,000 22,000 25,000 1,000 98,000 Required Identify the operating segments in accordance with the quantitative criteria of IFRS 8 (show detailed workings i.e. perform all the relevant tests, show the percentage under each test, and keep one decimal) (15 marks)