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AAK Annual Report 2015

74 NOTE 28 – SEGMENT REPORTING The Group’s operations are organizationally divided into business segments based on product. The marketing organization also reflects this structure.   All transactions between business segments are recognised at market value. Assets and liabilities not attributed to a segment include tax assets and tax liabilities, financial investments and financial liabilities, as well as cash and cash equivalents and interest-bearing receivables.   The external sales are based on where our customers are located. The carrying amounts of assets and the direct investment in plant for the period are determined by the location of the assets. The Group has applied hedge accounting based on fair-value hedging.   Segment-based reporting is prepared in accordance with the accounting policies described in Note 2 ”Accounting Policies”. Reporting by primary segments/business areas 2015 Food Ingredients Chocolate & Confectionery Fats Technical Products & Feed Group Functions Eliminations Group Net sales External sales 13,556 5,315 1,243 - - 20,114 Internal sales 1,219 2,263 55 - -3,537 - Group total 14,775 7,578 1,298 - -3,537 20,114 Operating profit/loss by business segment 2015 Food Ingredients Chocolate & Confectionery Fats Technical Products & Feed Group Functions Eliminations Group Operating profit/loss 903 553 88 -133 - 1,411 Total 903 553 88 -133 - 1,411 Other Assets 7,213 4,933 812 91 - 13,049 Unallocated assets - - - - 847 Group total 7,213 4,933 812 91 - 13,896 Liabilities 1,987 1,058 480 222 - 3,747 Unallocated liabilities - - - - - 3,499 Group total 1,987 1,058 480 222 - 7,246 Investments 310 621 59 4 - 994 Depreciation, amortisation and impairment loss 221 167 39 4 - 431 Reporting by market 2015 Sweden Denmark Other Nordic countries Central and Eastern Europe Western Europe North and South America Other countries Total External sales 2,035 350 809 1,386 5,568 7,692 2,274 20,114 Intangible assets and property, plant and equipment 1,128 1,179 - 1 903 2,206 823 6,240 Other assets 1,859 850 3 54 1,286 2,161 1,443 7,656 Total assets 2,987 2,029 3 55 2,189 4,367 2,266 13,896 Investments 174 70 - - 104 560 86 994


AAK Annual Report 2015
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