2009 1st Half Report - Indesit

Half-year report at 30 June 2009
Segment revenue is calculated based on the final destination of the products and segment
results take account of all expenses that can be directly allocated to the geographical areas
concerned. The costs not allocated to geographical areas include non-recurring charges and
corporate costs. Similarly, financial income and expenses and taxation are not allocated to
the various geographical areas.
Except for trade receivables, assets, liabilities and investments are not allocated to
geographical areas and are examined by senior management at Group level.
The trade receivables allocated to geographical areas and reviewed by the most senior
decision makers comprise those deriving from the sale of finished products. They do not
include receivables deriving from the provision of services, advances to suppliers and the
effects of any disposals of receivables.
The following tables present the Group's operating information analysed by geographical
area based on the final destination of the products.
Analysis by operating segment at 30 June 2009
(million Euro)
UK and
West East
Russian
Overseas Costs not
Italy Area Ireland
Europe Europe
Total
Fed. Area
Area allocated
Area
Area Area
Total Sales 229,0 340,3 152,6 261,9 160,7 59,2 0,0 1.203,7
Total Sales 229,0 340,3 152,6 261,9 160,7 59,2 0,0 1.203,7
Cost of sales (171,7) (261,6) (114,2) (198,1) (131,9) (43,1) (17,1) (937,6)
Selling and distribution expenses (29,0) (50,5) (15,2) (51,9) (26,7) (10,3) (14,6) (198,2)
General and administrative expenses (2,3) (7,5) (5,6) (5,9) (2,8) (1,0) (27,4) (52,5)
Segment results 26,0 20,7 17,6 6,0 (0,7) 4,9 (59,1) 15,4
Net financial expenses 0,0 0,0 0,0 0,0 0,0 0,0 (36,2)
Share of profit (losses) of associates 0,0 0,0 0,0 0,0 0,0 0,0 0,0
Income tax expense 0,0 0,0 (4,6) (0,1) 0,1 0,0 (1,8)
Profit attributable to the Group (22,6)
Analysis by operating segment of 30 June 2008
(million Euro)
UK and
West East
Russian
Overseas Costs not
Italy Area Ireland
Europe Europe
Total
Fed. Area
Area allocated
Area
Area Area
Total Sales 250,2 385,4 274,1 293,2 233,8 88,6 0,0 1.525,3
Total Sales 250,2 385,4 274,1 293,2 233,8 88,6 0,0 1.525,3
Cost of sales (188,8) (307,5) (184,6) (226,3) (180,6) (65,9) 11,0 (1.142,6)
Selling and distribution expenses (34,3) (60,7) (25,0) (58,1) (35,1) (13,5) (25,2) (251,9)
General and administrative expenses (2,2) (9,8) (6,5) (6,4) (3,2) (1,4) (28,9) (58,4)
Segment results 25,0 7,4 58,0 2,4 14,9 7,8 (43,1) 72,4
Net financial expenses 0,0 0,0 0,0 0,0 0,0 0,0 (13,9)
Share of profit (losses) of associates 0,0 0,0 0,0 0,0 0,0 0,0 0,0
Income tax expense 0,0 0,0 (14,9) (0,1) (0,2) 0,0 (24,4)
Profit attributable to the Group 34,1
32