For the purposes of presenting segment information, the activities of Wincor Nixdorf are divided into operating segments in accordance with the rules contained in IFRS 8 (Operating Segments). Internal reporting within the Wincor Nixdorf Group is conducted on the basis of the customer profiles “Banking” and “Retail”. As chief operating decision maker (CODM) within the meaning of IFRS 8, our Board of Directors assesses the performance of these two operating segments on the basis of corporate reporting and makes decisions about resources to be allocated. The performance of the operating segments is assessed in particular by referring to “net sales with external customers” as well as “EBITA.”
Segment information is prepared in conformity with the accounting policies adopted for preparing and presenting the Group financial statements. There were no changes in accounting policies compared to previous periods.
|
Segment Report by Division. |
|
|
|
€k | ||||||
|
|
3rd quarter 2009/2010 |
9 months 2009/2010 | ||||||||
|
|
Banking |
Retail |
Group |
Banking |
Retail |
Group | ||||
| ||||||||||
|
Net sales to external customers |
340,559 |
180,221 |
520,780 |
1,131,954 |
550,027 |
1,681,981 | ||||
|
|
(329,501) |
(166,051) |
(495,552) |
(1,194,819) |
(534,244) |
(1,729,063) | ||||
|
Operating profit (EBITA)1 |
26,976 |
5,602 |
32,578 |
95,793 |
25,165 |
120,958 | ||||
|
|
(29,778) |
(5,501) |
(35,279) |
(113,859) |
(24,494) |
(138,353) | ||||
|
Investment in property rights, licenses |
10,978 |
653 |
11,631 |
31,687 |
2,866 |
34,553 | ||||
|
and property, plant and equipment |
(10,298) |
(1,663) |
(11,961) |
(30,895) |
(4,264) |
(35,159) | ||||
|
Investment in reworkable service parts |
1,889 |
628 |
2,517 |
5,613 |
1,811 |
7,424 | ||||
|
|
(2,410) |
(466) |
(2,876) |
(6,797) |
(1,314) |
(8,111) | ||||
|
Amortization/depreciation of property |
11,035 |
1,756 |
12,791 |
32,109 |
5,101 |
37,210 | ||||
|
rights, licenses and property, |
(10,411) |
(1,809) |
(12,220) |
(30,168) |
(5,271) |
(35,439) | ||||
|
plant and equipment |
|
|
|
|
|
| ||||
|
Write-down of reworkable service parts |
1,671 |
555 |
2,226 |
4,721 |
1,524 |
6,245 | ||||
|
|
(1,495) |
(289) |
(1,784) |
(3,957) |
(765) |
(4,722) | ||||
|
Research and development expenses |
17,667 |
8,774 |
26,441 |
51,363 |
26,310 |
77,673 | ||||
|
|
(19,123) |
(8,303) |
(27,426) |
(52,384) |
(25,127) |
(77,511) | ||||
The respective segment assets did not change considerably compared to September 30, 2009.
|
Reconciliation of Segment Profit to Profit for the Period. |
|
€k | ||
|
|
3rd |
3rd |
9 months |
9 months |
|
Operating profit (EBITA) |
32,578 |
35,279 |
120,958 |
138,353 |
|
Goodwill amortization |
0 |
0 |
0 |
0 |
|
Operating profit (EBIT) |
32,578 |
35,279 |
120,958 |
138,353 |
|
Profit charges arising from the carve-out |
0 |
0 |
0 |
–4,843 |
|
Finance income and finance costs |
–1,139 |
–1,925 |
–3,801 |
–8,315 |
|
Profit before income taxes |
31,439 |
33,354 |
117,157 |
125,195 |
|
Income taxes |
–11,419 |
–10,475 |
–37,490 |
–38,059 |
|
Profit for the period |
20,020 |
22,879 |
79,667 |
87,136 |
The operating profit (EBITA) of the previous year is stated here as the profit before taking into account the profit charges arising from the carve-out, which resulted from the amortization of product know-how acquired in the course of the carve-out. Since the product know-how was used by both segments, this amortization was not divided across both the segments, Retail and Banking.
|
Net Sales by Regions. |
|
|
€k | |
|
|
3rd |
3rd |
9 months |
9 months |
|
Europe |
395,005 |
376,331 |
1,208,360 |
1,289,549 |
|
in % of total net sales |
75.9 |
75.9 |
71.9 |
74.6 |
|
Included in Europe: Germany |
165,176 |
148,657 |
508,939 |
484,405 |
|
in % of total net sales |
31.7 |
30.0 |
30.3 |
28.0 |
|
Asia/Pacific/Africa |
61,653 |
75,078 |
246,036 |
293,925 |
|
in % of total net sales |
11.8 |
15.2 |
14.6 |
17.0 |
|
America |
64,122 |
44,143 |
227,585 |
145,589 |
|
in % of total net sales |
12.3 |
8.9 |
13.5 |
8.4 |
|
Total |
520,780 |
495,552 |
1,681,981 |
1,729,063 |
