Notes for P&L

All amounts in SEKm unless otherwise stated.

Note 5 Segment reporting


The division into business areas reflects Addtech's internal organisation and reporting system. Addtech reports its business areas as operating segments. The four business areas were Addtech Components, Addtech Energy & Equipment, Addtech Industrial Solutions and Addtech Life Science until 31 March 2012. A minor reorganisation took place per 1 April 2012. Pro forma reporting for the new organisation is shown below in addition to the organisation until 31 March 2012 inclusive. This market grouping reflects a natural division of markets in the Group. Addtech uses operating profit as a measurement of earnings for monitoring the business areas. Intra-Group sales are based on the same prices that an independent party would pay for the product.

The Group's reorganisation as of 1 April 2012 involved moving a number of companies between our business areas and forming two new business units. We created a new business unit called Industrial Products in the Industrial Solutions business area. Industrial Products was formed from the companies in the Mechanics business unit and from several companies from the Motion Technology business unit. As a result of the Mechanics companies moving to Industrial Solutions, the Energy & Equipment business area is changing names to just Addtech Energy. In Addtech Energy, a new business unit by the name of Energy Products has been formed from companies from Energy Supply and Customised Solutions. Additionally, the business unit MI Group was moved from the Industrial Solutions business area to the Components business area. The purpose of the organisational change is for the companies to achieve greater potential for growth and efficiency. This can occur now that the companies can capitalise more easily on each other's networks, expertise and experiences, and by them having similar strategies, challenges, customers, products and solutions. Addtech's business areas according to the new organisation are described below.

Addtech Components

Addtech Components markets and sells components and subsystems in mechanics, electromechanics, hydraulics and electronics as well as automation solutions to customers in manufacturing.

Addtech Energy

Addtech Energy markets and sells battery solutions, electric power distribution products and products for electrical safety, electrical installations and connection technology. Its customers are in the energy and telecom sectors and the commercial vehicle industry.

Addtech Industrial Solutions

Addtech Industrial Solutions markets and sells machinery components, polymer products, electric motors and transmissions, customised products in electromechanics and equipment and consumables for customers in manufacturing. Products under own brands are marketed and sold to industrial customers locally and globally.

Addtech Life Science

Addtech Life Science markets and sells instruments, consumable supplies and services to laboratories in healthcare and research, diagnostic equipment for the healthcare sector and process and analysis equipment for industry. 

Pro forma according to new organisation per 1 April 2012

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Data by operating segment 2011/2012 2010/2011
Revenue External Internal Total External Internal Total
Components 1,567 1 1,568 1,405 1 1,406
Energy 1,392 0 1,392 1,069 0 1,069
Industrial Solutions 1,239 6 1,245 1,060 6 1,066
Life Science 1,002 0 1,002 884 0 884
Parent Company and Group items 0 -7 -7 0 -7 -7
Total 5,200 0 5,200 4,418 0 4,418
2011/2012 2010/2011
Operating profit/loss, assets and liabilities Operating profit /loss Assets 1) Liabilities 1) Operating profit /loss Assets 1) Liabilities 1)
Components 125 815 266 105 659 210
Energy 151 720 247 118 569 185
Industrial Solutions 112 534 193 79 519 195
Life Science 98 589 168 90 489 151
Parent Company and Group items -16 74 841 -12 73 646
Operating profit/loss, assets and liabilities 470 2,732 1,715 380 2,309 1,387
Finance income and expenses -23 -16
Profit after financial items 447 364
 1) Does not include balances in Group accounts or financial transactions with Group companies.

Organisation until 31 March 2012

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Data by operating segment 2011/2012 2010/2011
Revenue External Internal Total External Internal Total
Components 1,243 0 1,243 1,128 0 1,128
Energy & Equipment 1,133 0 1,133 850 1 851
Industrial Solutions 1,822 8 1,830 1,556 11 1,567
Life Science 1,002 0 1,002 884 0 884
Parent Company and Group items -8 -8 -12 -12
Total 5,200 0 5,200 4,418 0 4,418
2011/2012 2010/2011
Operating profit/loss, assets and liabilities Operating profit /loss Assets 1) Liabilities 1) Operating profit /loss Assets 1) Liabilities 1)
Components 97 644 227 82 491 172
Energy & Equipment 128 589 209 91 423 165
Industrial Solutions 163 837 270 128 833 253
Life Science 98 588 168 90 489 151
Parent Company and Group items -16 74 841 -11 73 646
Operating profit/loss, assets and liabilities 470 2,732 1,715 380 2,309 1,387
Finance income and expenses -23 -16
Profit after financial items 447 364
 1) Does not include balances in Group accounts or financial transactions with Group companies.

 

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2011/2012 2010/2011
Investments in non-current assets Intangible Property, plant and equipment Total Intangible Property, plant and equipment Total
Components 4 4 8 8
Energy & Equipment 0 5 5 0 2 2
Industrial Solutions 1 8 9 1 11 12
Life Science 1 14 15 14 14
Parent Company and Group Items 4 1 5 3 2 5
Total 6 32 38 4 37 41
2011/2012 2010/2011
Depreciation/amortisation of non-current assets Intangible Property, plant and equipment Total Intangible Property, plant and equipment Total
Components 12 4 16 10 4 14
Energy & Equipment 13 4 17 8 3 11
Industrial Solutions 13 15 28 12 15 27
Life Science 10 16 26 7 14 21
Parent Company and Group Items 5 1 6 5 1 6
Total 53 40 93 42 37 79
Significant profit or loss items, other than depreciation or amortisation, not matched by payments in 2011/2012 Capital gains Change in pension liability Other items Total
Components 0 0 -1 -1
Energy & Equipment 1 0 -4 -3
Industrial Solutions 0 -1 -3 -4
Life Science 0 -1 -1 -2
Parent Company and Group Items 0 0 1 1
Total 1 -2 -8 -9

 

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Data by country 2011/2012 2010/2011
Revenue, external Assets 1) Of which non-current assets Revenue, external Assets 1) Of which non-current assets
Sweden 2,148 1,508 705 1,993 1,311 569
Denmark 742 350 115 647 338 123
Finland 779 369 163 652 365 177
Norway 681 338 156 403 145 54
Other countries 850 122 18 723 78 20
Parent Company, Group items and unallocated assets 45 11 72 12
Total 5,200 2,732 1,168 4,418 2,309 955
 1) Does not include Group account balances and financial assets. External revenues are based on the customers' location, and the carrying amounts of assets are based on where the assets are located.
2011/2012 2010/2011
Investments in non-current assets Intangible Property, plant and equipent Total Intangible Property, plant and equipent Total
Sweden 5 20 25 3 23 26
Denmark 1 4 5 1 10 11
Finland 0 3 3 0 1 1
Norway 3 3 0 1 1
Other countries 0 2 2 0 2 2
Total 6 32 38 4 37 41