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KD Holding Group
Notes to Consolidated Financial Statements as at and for the year ended 31 December 2007
6.1 Primary reporting format – business segment
6.1.1 Performance by business segment
The segment results for the year ended 31 December 2007 are as follows:
Property Life Health Financial Cinema-
Other Group
(in EUR)
insurance insurance insurance operations tography
Total gross segment sales 123,271,148 54,579,703 77,890,381 18,146,895 16,108,308 23,130,838 313,127,273
Inter-segment sales (580,450) (317,192) (6,001) (3,245,230) (25,342) (215,619) (4,389,834)
Sales 122,690,698 54,262,511 77,884,380 14,901,665 16,082,966 22,915,219 308,737,439
Operating profit/Segment result 16,246,123 2,622,709 2,146,382 8,578,393 (736,000) 1,005,734 29,863,341
Finance costs – net (271,683) 21,194 5,262 (3,985,445) (1,314,797) 31,669 (5,513,800)
Property Life Health Financial Cinema-
Other Group
(in EUR)
insurance insurance insurance operations tography
Total gross segment sales 131,995,552 87,014,283 89,226,380 34,570,638 18,699,600 28,344,158 389,850,611
Inter-segment sales (536,557) (10,930,946) (6,049) (6,019,053) (20,629) (346,324) (17,859,558)
Sales 131,458,995 76,083,337 89,220,331 28,551,585 18,678,971 27,997,834 371,991,053
Operating profit/Segment result 28,124,164 (101,495) 4,628,423 11,269,112 151,272 (1,202,966) 42,868,509
Finance costs – net (429,606) 1,107,568 (46,050) (4,142,700) (1,704,774) (1,337,071) (6,552,633)
Share of profit of associates 898,260 262,634 - 9,973,103 (6,022) 13,049 11,141,024
Profit before income tax 28,592,818 1,268,707 4,582,373 17,099,515 (1,559,524) (2,526,988) 47,456,900
Income tax expense (6,321,004) (1,198,100) (1,563,428) (2,553,139) (862,618) (13,027) (12,511,316)
Profit for the year 22,271,814 70,607 3,018,945 14,546,376 (2,422,142) (2,540,015) 34,945,584
The segment results for the year ended 31 December 2006 are as follows:
2007
280
2006
Share of profit of associates 2,057,261 206,685 - 2,134,693 (31,614) 5,805 4,372,830
Profit before income tax 18,031,701 2,850,588 2,151,644 6,727,641 (2,082,411) 1,043,208 28,722,371
Income tax expense (5,663,729) (974,587) (622,137) (333,588) 782,862 (1,034,423) (7,845,602)
Profit for the year 12,367,972 1,876,001 1,529,507 6,394,053 (1,299,549) 8,785 20,876,769
The costs are allocated to segments as they originally
occur in the operations of the each business segment
and as it is reported by the subsidiaries which are
included in the relevant segment.
Other segment items included in the income statement for the year ended 31 December 2007 are as follows:
2007
Property Life Health Financial Cinema
(in EUR)
insurance insurance insurance operations tography
Other Group
Depreciation and amortisation (1,649,232) (739,127) (751,799) (659,514) (4,156,186) (259,698) (8,215,555)
Impairment of trade receivables (8,771,977) (237,771) (1,107,971) (114,118) (103,372) (181,630) (10,516,839)
Other segment items included in the income statement for the year ended 31 December 2006 are as follows:
2006
Property Life Health Financial Cinema
(in EUR)
insurance insurance insurance operations tography
Other Group
Depreciation and amortisation (2,231,485) (380,792) (62,185) (574,691) (3,501,736) (166,816) (6,917,705)
Impairment of land and property - - - (1,569,005) - - (1,569,005)
Impairment of trade receivables (2,048,932) (47,046) (1,468,736) (6,948) (407,774) (35,231) (4,014,667)