PDF (2.63 MB) - Geberit International AG

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26. Segment information
The Group consists of a single business segment: the design, manufacture and sale of sanitary
plumbing systems to the residential and commercial construction industry. The business
segment is divided into geographical regions.
The segment “Other major European markets” includes Austria, The United Kingdom, The
Netherlands, Belgium and France. All other European markets are summarised in the “Other
European markets”. The segment “Other markets” includes principally North America, Africa
and the Far East. The segment “Corporate Functions” consists in particular of Geberit AG,
Geberit Holding AG and Geberit International AG as the central holdiong and management
companies, and the research and development company Geberit Technik AG.
Balance sheet and profit information are allocated to geographical segments in accordance
with the jurisdiction where the assets and liabilities are located and the profits are generated.
The Group considers operating profit to be the segment result. Group companies principally
account for inter-segment sales using the “market-minus” method.
Balance sheet information on the corporate functions includes unallocated assets and liabilities
of the Group which consist of cash and cash equivalents, goodwill, income tax assets and
liabilities, certain intangible assets and financial assets and liabilities. Intercompany transactions
have been eliminated in the column “Eliminations”.
Balance sheet information is as follows:
Switzerland Germany Italy Other Other Other Corporate Elimin- Total
major European markets functions ations
European
markets
markets
2004 MCHF MCHF MCHF MCHF MCHF MCHF MCHF MCHF MCHF
Segment assets 307.1 510.1 85.0 199.6 113.8 88.1 1,647.0 (946.8) 2,003.9
Segment liabilities 56.3 228.8 36.8 80.4 31.5 26.6 1,619.2 (946.8) 1,132.8
2003
Segment assets 298.3 260.0 89.2 187.9 53.6 78.9 1,152.2 (612.3) 1,507.8
Segment liabilities 48.3 168.3 35.3 88.5 21.3 18.4 989.6 (612.3) 757.4
Geberit Group