PDF (3.6 MB) - Valora

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Financial RepoRt ValoRa 2009
noteS to tHe conSoliDateD
Financial StateMentS
2008 Restated
in cHF 000
Net revenues
Valora retail Valora Media Valora Trade others Intersegment
elimination
Total Group
Total 1 569 479 766 047 787 990 14 291 – 206 740 2 931 067
From third parties 1 567 403 568 567 780 806 14 291 0 2 931 067
From other divisions 2 076 197 480 7 184 0 – 206 740 0
Operating profit (EBIT)
Total 7 982 30 547 17 997 – 18 905 37 621
Depreciation 23 886 6 914 2 487 10 195 43 482
Restructuring costs 13 020 316 109 11 619 25 064
of which impairments 10 436 0 0 5 878 16 314
of which restructuring provisions 1 772 896 0 3 205 5 873
impairments (excluding restructuring) 0 0 0 2 057 2 057
Additions to long-term assets
Total 21 586 2 649 4 540 16 478 45 253
Segment assets
Total 519 717 292 033 271 260 386 013 – 408 978 1 060 045
investment in associates and joint ventures 0 42 4 889 0 4 931
Segment liabilities
Total 405 029 221 207 170 537 221 845 – 408 978 609 640
Internal organisational changes at the beginning of 2009 resulted in changes to the composition of reporting segments.
These changes are principally due to a portion of Valora Retail’s wholesaling activities being transferred to Valora Media
and the transfer of a number of bookshops from Valora Media to Valora Retail. The resulting changes in net revenues from
third parties amount to CHF -178.9 million for Valora Retail and CHF +178.9 for Valora Media. The changes in operating
profit amount to CHF -2.7 million for Valora Retail, CHF +3.2 million for Valora Media, CHF +0.2 million for Valora Trade
and CHF -0.8 million for Others. In addition, as a result of the restatement detailed in note 3, the following adjustments
have also been made to the figures shown for the individual reporting segments: Valora Retail CHF -0.5 million in net revenues
from third parties and CHF -0.3 million in operating profit; Valora Media CHF -0.1 million in net revenues from third
parties and CHF -0.2 million in operating profit.