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The internal reports of Olly Ltd reveal the following divisional information (in $000): Segment revenue Segment profit/(loss) Segment assets Electronics 850 100 150 Phones 110
The internal reports of Olly Ltd reveal the following divisional information (in $000): Segment revenue Segment profit/(loss) Segment assets Electronics 850 100 150 Phones 110 10 25 Computers 90 (10) 20 Inventions 30 (55) 100 Total 1 080 45 295 Use the materiality criterion in AASB 8 Operating Segments to determine which of the divisions are reporting business segments. Show all supporting information clearly identifying why. Division Reporting Segment? Reason (Yes or No) Electronics Yes Phones yes Computers No [] Inventions No [] [] []
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