Consolidated Financial Statements 1st Semester 2009 - Sonae Sierra
Consolidated Financial Statements 1st Semester 2009 - Sonae Sierra
Consolidated Financial Statements 1st Semester 2009 - Sonae Sierra
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11 SEGMENT INFORMATION<br />
The Group adopted for the first time the IFRS 8 – Operational Segments, according to which the disclosed<br />
segment information must be the information internally used by the management of the Group.<br />
In accordance to the Management Report, the segments used by the Management of the Group are as<br />
follows:<br />
• <strong>Sierra</strong> Investments<br />
• <strong>Sierra</strong> Developments<br />
• <strong>Sierra</strong> Management<br />
• <strong>Sonae</strong> <strong>Sierra</strong> Brazil<br />
• Corporate Centre<br />
The <strong>Sonae</strong> <strong>Sierra</strong>’s reportable segment information for the half years ended 30 June <strong>2009</strong> and 2008<br />
regarding the statement of profit and loss can be detailed as follows:<br />
30.06.09 30.06.08<br />
Net Operating Margin<br />
<strong>Sierra</strong> Investments 89,775,602 89,644,666<br />
<strong>Sierra</strong> Developments (40,151,606) (27,515,601)<br />
<strong>Sierra</strong> Management 2,049,659 2,832,529<br />
<strong>Sonae</strong> <strong>Sierra</strong> Brazil 7,625,822 6,857,283<br />
Corporate center 547,122 391,875<br />
Eliminations and adjustments 26,032,321 17,754,393<br />
<strong>Consolidated</strong> 85,878,920 89,965,145<br />
Direct profit before taxes<br />
<strong>Sierra</strong> Investments 50,710,760 46,288,563<br />
<strong>Sierra</strong> Developments (43,264,440) (30,104,054)<br />
<strong>Sierra</strong> Management 2,570,393 3,333,072<br />
<strong>Sonae</strong> <strong>Sierra</strong> Brazil 6,526,805 6,389,371<br />
Corporate center 0 (414,911)<br />
Eliminations and adjustments 28,634,536 19,000,671<br />
<strong>Consolidated</strong> 45,178,055 44,492,712<br />
Indirect income<br />
<strong>Sierra</strong> Investments (164,131,044) (54,660,798)<br />
<strong>Sonae</strong> <strong>Sierra</strong> Brazil (3,176,558) 31,477,405<br />
Eliminations and adjustments (51,996,473) (10,261,338)<br />
<strong>Consolidated</strong> (219,304,076) (33,444,731)<br />
Corporate tax + Deferred tax<br />
<strong>Sierra</strong> Investments 28,439,461 (5,452,213)<br />
<strong>Sierra</strong> Developments 1,547,718 8,081,411<br />
<strong>Sierra</strong> Management (1,002,947) (1,179,355)<br />
<strong>Sonae</strong> <strong>Sierra</strong> Brazil 1,087,296 (11,359,511)<br />
Corporate center - 109,951<br />
Eliminations and adjustments 5,310,496 89,098<br />
<strong>Consolidated</strong> 35,382,024 (9,710,618)<br />
Net profit before minorities<br />
<strong>Sierra</strong> Investments (84,980,824) (13,824,449)<br />
<strong>Sierra</strong> Developments (41,716,722) (22,022,642)<br />
<strong>Sierra</strong> Management 1,567,446 2,153,718<br />
<strong>Sonae</strong> <strong>Sierra</strong> Brazil 4,437,544 26,507,265<br />
Corporate center 0 (304,960)<br />
Eliminations and adjustments (18,051,442) 8,828,431<br />
<strong>Consolidated</strong> (138,743,997) 1,337,363<br />
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