NOTES TO THE INCOME STATEMENT

1. Business segments
The Group’s operational activities are the responsibility of the Group’s CEO assisted by the Group Management Team. The division into business segments is based on the reports used by the Group Management Team for the allocation of resources and assessment of performance.
The Group Management Team monitors business performance by geographical area. The geographical segments monitored are Finland, Sweden, Denmark and the Baltics.
All the geographical segments manufacture, sell and market meat products, processed meat products and convenient foods.
The assets and liabilities of the segments are items that are either directly or fairly allocated to the business of the relevant segment. Segment assets include tangible and intangible assets, shares in associates, inventories and non-interest bearing receivables. Segment liabilities include current non-interest bearing liabilities. Unallocated items include financial and tax items and items common to the entire Group.
Year 2015 Finnish operations Swedish
operations
Danish
operations
Baltic
operations
Business
segments,
total
Group
adminis-
tration
Elimina-
tions
Un-
allocated
Group
total
INCOME STATEMENT INFORMATION
External sales 792.4 813.5 145.0 166.3 1 917.1 - - - 1 917.1
Internal sales 9.2 28.4 30.9 7.4 76.0 - -76.0 - 0.0
Net sales 801.6 841.9 175.9 173.6 1 993.1 - -76.0 - 1 917.1
Segment EBIT 4.9 21.1 -9.3 5.4 22.1 -12.5 - - 9.6
Unallocated items - - - - - - - - 0.0
EBIT 4.9 21.1 -9.3 5.4 22.1 -12.5 - - 9.6
Share of associates' results 0.4 0.1 1.2 - 1.7 - - - 1.7
Financial income and expenses -9.1 -9.1
Income taxes -0.3 -0.3
Result for the period 1.9
BALANCE SHEET INFORMATION
Segment assets 324.0 244.0 93.3 142.2 803.5 18.1 -55.9 - 765.7
Shares in associates 13.7 4.9 4.5 - 23.2 0.1 - - 23.3
Unallocated assets - - - - - - - 48.3 48.3
Total assets 337.7 248.9 97.8 142.2 826.6 18.3 -55.9 48.3 837.3
Segment liabilities 87.7 93.5 18.4 19.2 218.8 7.9 -7.6 - 219.2
Unallocated liabilities - - - - - - - 192.4 192.4
Total liabilities 87.7 93.5 18.4 19.2 218.8 7.9 -7.6 192.4 411.5
OTHER INFORMATION
Sales, goods 786.0 812.8 145.0 166.0 1 909.7 - - - 1 909.7
Sales, services 6.4 0.7 - 0.2 7.3 - - - 7.3
Investments 18.2 13.7 5.4 10.6 47.9 1.7 - - 49.6
Depreciation and amortisation -22.3 -12.2 -9.5 -8.9 -52.9 -0.4 - - -53.3
Impairment -11.4 - - - -11.4 - - - -11.4
Goodwill 19.8 32.6 3.6 22.2 78.2 - - - 78.2
Year 2014 Finnish operations Swedish
operations
Danish
operations
Baltic
operations
Business
segments,
total
Group
adminis-
tration
Elimina-
tions
Un-
allocated
Group
total
INCOME STATEMENT INFORMATION
External sales 778.7 874.5 169.0 166.6 1 988.7 - - - 1 988.7
Internal sales 8.5 36.5 35.4 6.4 86.8 - -86.8 - 0.0
Net sales 787.2 911.0 204.3 173.0 2 075.5 - -86.8 - 1 988.7
Segment EBIT -4.5 1.7 -11.9 2.8 -11.9 67.4 - - 55.5
Unallocated items - - - - - - - - -
EBIT -4.5 1.7 -11.9 2.8 -11.9 67.4 0.0 0.0 55.5
Share of associates' results 5.8 0.4 0.1 - 6.4 4.8 - - 11.2
Financial income and expenses -15.5 -15.5
Income taxes 5.9 5.9
Result for the period 57.1
BALANCE SHEET INFORMATION
Segment assets 317.2 251.5 103.2 154.1 826.0 44.0 -91.9 - 778.1
Shares in associates 13.1 6.2 3.2 - 22.5 0.1 - - 22.7
Assets of disposal group classified as held for sale 4.0 - - 5.4 9.4 - - - 9.4
Unallocated assets - - - - - - - 54.2 54.2
Total assets 334.4 257.7 106.4 159.5 857.9 44.1 -91.9 54.2 864.3
Segment liabilities 85.3 98.5 20.7 22.5 226.9 7.2 -17.6 - 216.6
Liabilities of disposal group classified as held for sale 0.6 - - 0.3 0.8 - - - 0.8
Unallocated liabilities - - - - - - - 201.8 201.8
Total liabilities 85.9 98.5 20.7 22.7 227.8 7.2 -17.6 201.8 419.2
OTHER INFORMATION
Sales, goods 775.2 870.6 169.0 166.3 1 981.1 - - - 1 981.1
Sales, services 3.4 3.9 - 0.3 7.6 - - - 7.6
Investments 13.9 7.6 14.7 11.7 47.9 0.9 - - 48.7
Depreciation and amortisation -21.9 -16.1 -9.2 -8.9 -56.2 -0.4 - - -56.5
Impairment -12.0 -6.9 -5.2 -2.1 -26.1 - - - -26.1
Goodwill 17.7 31.9 3.6 22.2 75.4 - - - 75.4