Annual Report and Financial Statements 2007 - Finnlines

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SECONDARY SEGMENT REPORTING – GEOGRAPHICAL SEGMENTS
The Group’s geographical segments are Finland, other EU member states and other countries.
Revenue from the geographical segments is reported according to the location of the customers, whilst assets and investments
are reported according to the location of the investing subsidiary. The Group’s vessels and inventories (mainly fuel) are included in the
reported assets even though they are by nature mobile and their location can be easily changed.
EUR 1 000 2007 2006
Finland 368 688 373 113
Other EU countries 270 304 223 626
Other 46 473 35 927
685 464 632 666
Assets
Finland 895 220 722 558
Other EU countries 496 158 342 317
Other 8 166 4 212
Internal items -37 595 -32 671
Unallocated 40 392 31 540
1 402 340 1 067 956
Investments
Finland 135 005 232 273
Other EU countries 252 368 5 729
Other 3 964 174
Internal items -102
391 337 238 074
4. DISCONTINUED OPERATIONS
In 2007, there were no discontinued operations. In July 2006, Finnlines sold the German container feeder operator Team Lines GmbH
& Co. KG and its subsidiaries in Finland, Sweden and Norway to a Belgian container shipping company Delphis NV. The sale was approved
by the relevant competition authorities and it was fi nalised on 4 September 2006. TeamLines operations were classifi ed as discontinued
on 1 July 2006. Value of the sale totalled EUR 40 million (debt-free sales price).
Turnover of the Team Lines Group was EUR 188 million in 2005. Net profi t of the sale was EUR 18.7 million, of which EUR 0.6 million
is the January-August 2006 revenue of Team Lines companies. The Team Lines Group was included in the Shipping and Sea
Transport Services segment.
INFORMATION ON THE DISCONTINUED OPERATIONS:
EUR 1 000
Income statement
1 Jan–4 Sep 2006
Revenue 142 831
Expenses -141 612
Operating profi t (+), -loss (-) 1 219
Net fi nancial expenses -556
Profi t (+), loss (-) before taxes 663
Income taxes -159
Profi t (+), loss (-) after taxes 504