Annual Report 2008 English [PDF, 2.69 MB] - Tessenderlo Group

Tessenderlo Group
2. Segment reporting
The segment reporting is based on two segment reporting formats. The primary reporting format
represents the three business groups of the Group’s internal financial reporting, the secondary reporting
format represents the Group’s two main geographical markets.
Segment assets and liabilities include items directly attributable to a segment as well as those that can
be allocated on a reasonable basis.
Segment capital expenditures include the cost of acquiring property, plant and equipment and intangible
assets.
Inter-segment pricing is determined on an arm’s length basis.
Business segments
The Group is reporting three business segments (business groups). Each includes several business
units:
- The “Chemicals” business group includes the Inorganics, Chlor-alkali and PVC business units.
- The “Specialities” business group includes the Fine Chemicals, Gelatin and Natural Derivatives
business units.
- The “Plastics Converting” business group includes the Profiles, Plastic Pipe Systems and
Compounds business units.
121
Geographical segments
The three business segments (business groups) operate worldwide, however mainly in two geographical
areas, Europe and the USA.
Segment revenue is based on the geographical location of customers, while segment assets and
liabilities are based on the geographical location of the assets.