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:

Based upon this information, Iskender prepares the following note to comply with IFRS 8: Note 30: Segment Reporting (amounts in millions of Turkish lire)

Required:
Evaluate whether Note 30: Segment Reporting is in compliance with IFRS 8 based upon the information provided.

Transcribed Image Text:

Sales to External Customers 28,876 18,765 12,076 9,897 7,654 6,757 3.049 87,074 Operating Segments Automotive Food Retail Total Revenues 23,093 22,875 13,987 7,895 7,182 6,642 5.400 87,074 Countries Turkey Germany Bulgaria Kussia Italy Iraq Uzbekistarn Finance Consumer durables Energy Realestate.. Operating Segments Extemal sae. Profit (loss) Automotive 21,678 4,076 Other 13,987 22,397 3,467 5,563 456 9,65420,765 513 678 TurkeyGermany Bulgaria Other 12,076 27,357 5,478 Food 19,781 2,007 135 20,765 228 -0 Retail reciation 142 Total assets Capital expenditures Equity methodinvestments Geographic Areas Extemalsales Property, plant, andequipment. 18,874 367 398 195 28,876 8,765 2,508 7,078 3,097