Annual Report and Financial Statements 2007 - Finnlines

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SEGMENT REPORTING
The Group’s primary segment reporting is based on its business
segments. Its secondary segment reporting is based on geographical
segments.
3. SEGMENT INFORMATION
Segment information is reported in accordance with the Group’s
business and geographical segment distribution. The Group’s
primary segment reporting is based on business segments. Business
segments are based on the Group’s internal organisational
structure and internal fi nancial reporting.
PRIMARY SEGMENT REPORTING – BUSINESS SEGMENTS
The Group has two business segments, one is Shipping and Sea
Transport Services and the other Port Operations.
SHIPPING AND SEA TRANSPORT SERVICES
Finnlines’ Shipping and Sea Transport Services segment
includes the Finnlines traffi c in the Baltic Sea, the North Sea
and the Bay of Biscay as well as the FinnLink, NordöLink and
TransRussiaExpress traffi c.
PORT OPERATIONS
Finnlines engages in port operations under the name Finnsteve
in the ports of Helsinki, Turku, Naantali and Kotka in Finland, and
under the name Norsteve in the port of Oslo in Norway. Finnsteve
and Norsteve specialise in providing services to operators of
transit, regular and planned unitised cargo traffi c: stevedoring,
terminal services, ship clearance as well as warehousing and
container depot services.
EUR 1 000
Shipping and Sea
Transport Services Port Operations Eliminations Group
Profi t per segment for reporting period
ending 31 Dec 2007
Total sales from segment 585 067 133 155 718 222
Inter-segment sales 1 407 31 351 -32 758 -32 758
External sales 583 660 101 804 685 464
Operating profi t for segment 61 653 7 163 68 816
Financial items -28 698
Income taxes -5 725
Profi t before taxes, continuing operations 34 393
Profi t for reporting period 34 393
Profi t per segment for reporting period
ending 31 Dec 2006
Total sales from segment 538 996 123 092 662 088
Inter-segment sales 1 015 28 407 -29 422 -29 422
External sales 537 981 94 685 632 666
Operating profi t for segment 50 771 7 452 58 223
Share of associated companies’ profi ts 274 274
Financial items -10 773
Income taxes -9 989
Profi t before taxes, continuing operations 37 736
Profi t before taxes, discontinuing operations 18 742
Profi t for reporting period 56 477
Inter-segment transfers and transactions are carried out using normal commercial conditions, equivalent to those used with external parties.
All inter-segment sales are eliminated in the consolidated fi nancial statements.