ANNUAL REPORT 2011 REGISTRATION DOCUMENT - Saft

6
2011 CONSOLIDATED FINANCIAL STATEMENTS
Notes to the Consolidated Financial Statements
NOTE 6 INFORMATION BY BUSINESS SEGMENT AND GEOGRAPHICAL
SEGMENT
6.1 INFORMATION BY BUSINESS
SEGMENT
The Group’s Management Board defi ned the business segments
based on the reporting which it regularly examines in order to
make decisions regarding allocation of resources to segments
and evaluation of their performance.
Since 1 July 2009, Group reporting has been structured based
on the following business segments:
� the Specialty Battery Group (SBG) division, which
manufactures batteries for applications including water, gas
and electricity utility meters, automated meter readers and
road tolling systems, computer memory back-up systems,
satellites, radios and other portable systems for military use,
missiles, and torpedoes;
� the Industrial Battery Group (IBG) division, which
manufactures batteries used for standby power supplies
Operating profit by division
FINANCIAL YEAR 2011
for industrial applications, telecommunications networks
and the aviation and rail industries, as well as the storage
of renewable energies. It also manufactures a specialised
range of rechargeable batteries used in emergency lighting
and professional electronics;
� the Johnson Controls-Saft (JCS) division, which is
specialised in the development, production and selling
of advanced technology batteries for hybrid and electric
vehicles; Given that the Group sold its 49% stake in the
joint venture on 30 September 2011, information relating
to Johnson Controls-Saft is shown in Note 30 «Net profi t/
(loss) from discontinued operations”;
� The Other segment comprises the Group’s holding
companies. It also includes central functions such as
IT, research and central management, fi nance and
administration.
(in € million) IBG SBG Other Total
Total segment revenues 437.0 351.9 7.4 796.3
Minus intra-segment revenues (86.8) (80.8) 0.0 (167.6)
Consolidated revenues 350.2 271.1 7.4 628.7
EBITDA 43.7 64.4 1.9 110.0
Depreciation of intangible assets (5.4) (7.4) (0.3) (13.1)
Amortisation of property, plant & equipment (8.9) (7.5) (0.6) (17.0)
Impairment of intangible assets 0.0 (0.4) 0.0 (0.4)
Amortisation of deferred grants related to assets 0.8 0.0 0.0 0.8
EBIT 30.2 49.1 1.0 80.3
Provisions for restructuring 0.0 0.0 0.0 0.0
Other operating income/(expenses) 0.0 (0.4) 0.0 (0.4)
Operating profi t 30.2 48.7 1.0 79.9
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