iskandar 494749

Iskender Corporation is a Turkish conglomerate with operations located throughout Europe and the Middle East. The company recently adopted International Financial Reporting Standards and has prepared disclosures to comply with IFRS 8, Operating Segments. Information related to revenues. Operating Segments Total Revenues Countries Sales to External Customers Automotive . . . . . . . . . . . . . 23,093 Turkey 28876 Food . . . . . . . . . . . . . . . . . . 22,875 Germany 18765 Retail . . . . . . . . . . . . . . . . . . 13,987 Bulgaria 12076 Finance . . . . . . . . . . . . . . . . 7,895 Russia 9897 Consumer durable . . . . . . . . 7,182 Italy 7654 Energy . . . . . . . . . . . . . . . . . 6642 Iraq 6757 Real estate. . . . . . . . . . . . . . 5,400 Uzbekistan 3049 Total . . . . . . . . . . . . . . . . 87,074 87074 Based upon this information, Iskender prepares the following note to comply with IFRS 8 Note 30: Segment Reporting (amounts in millions of Turkish Lira) Operating Segments Automotive Food Retail other External sales . . . . . . . ………. 21,678 19,781 13,987 22,397 Profit (loss). . . . . . . . . ………. 4,076 2,007 3,467 5,563 Depreciation . . . . . ………… 222 135 142 456 Total assets . . . . . . . . ………. 18,874 20,765 9,654 20,765 Capital expenditures . ………. 367 228 195 513 Equity method investments . . . . . . 398 0- 0 678 Geographic Areas Turkey Germany Bulgaria Other External sales . . . . . . . . . . . . . . . . . 28,876 8,765 12,076 27,357 Property, plant, and equipment . . . 7,078 2,508 3,097 5,478 Required: Evaluate whether Note 30 Segment Reporting is in compliance with IFRS 8 based upon the information provided.

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Iskender Corporation is a Turkish conglomerate with operations located throughout Europe and the Middle East. The company recently adopted International Financial Reporting Standards and has prepared disclosures to comply with IFRS 8, Operating Segments. Information related to revenues. Operating Segments Total Revenues Countries Sales to External Customers Automotive . . . . . . . . . . . . . 23,093 Turkey 28876 Food . . . . . . . . . . . . . . . . . . 22,875 Germany 18765 Retail . . . . . . . . . . . . . . . . . . 13,987 Bulgaria 12076 Finance . . . . . . . . . . . . . . . . 7,895 Russia 9897 Consumer durable . . . . . . . . 7,182 Italy 7654 Energy . . . . . . . . . . . . . . . . . 6642 Iraq 6757 Real estate. . . . . . . . . . . . . . 5,400 Uzbekistan 3049 Total . . . . . . . . . . . . . . . . 87,074 87074 Based upon this information, Iskender prepares the following note to comply with IFRS 8 Note 30: Segment Reporting (amounts in millions of Turkish Lira) Operating Segments Automotive Food Retail other External sales . . . . . . . ………. 21,678 19,781 13,987 22,397 Profit (loss). . . . . . . . . ………. 4,076 2,007 3,467 5,563 Depreciation . . . . . ………… 222 135 142 456 Total assets . . . . . . . . ………. 18,874 20,765 9,654 20,765 Capital expenditures . ………. 367 228 195 513 Equity method investments . . . . . . 398 0- 0 678 Geographic…

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