iskandar

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.