2009 - Jaarverslag

31.1 Analysis by operating segmentAdvanced Textiles& CompositesGeosynthetics& GrassOther activitiesEliminations betweenthe segmentsConsolidatedin millions of euros 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008EXTERNAL REVENUES 397.3 481.0 392.1 497.8 52.7 53.8 – – 842.1 1,032.6Revenue from transactionsbetween segments 0.7 1.6 0.1 – 1.3 – – 2.1 – 1.6 – –Depreciation and amortisation – 14.2 – 17.6 – 25.3 – 23.0 – 3.2 – 1.7 – – – 42.7 – 42.3OPERATING RESULT 27.0 52.9 13.8 34.8 – 8.1 – 3.9 – – 32.7 83.8Financial income 1) 0.2 0.2 0.5 0.7 19.8 27.6 – 19.4 – 28.0 1.1 0.5Financial expenses – 9.1 – 11.6 – 6.5 – 10.6 – 12.8 – 23.7 19.4 28.0 – 9.0 – 17.9Impairments of financialfixed assets – – – 4.9 – – – – – – 4.9 –Segment profit to be reportedbefore profit tax 18.0 41.5 3.3 31.8 – 1.3 – 3.2 – – 20.0 70.1Profit tax – – – – – – – – – 5.6 – 19.1Result from divested operations,after profit tax – 0.6 – 10.1 – – – – – 9.5 –Share in result of associatedcompanies – – – 0.8 – – – – – – 0.8 –Assets of segments 267.8 343.7 358.5 487.9 67.4 29.3 – – 693.7 860.9Investments in associatedcompanies – – 18.9 – – – – – 18.9 –Investments in otherparticipating interests – – – – – 6.2 – – – 6.2Unallocated assets – – – – – – – – 35.9 22.1Total assets 267.8 343.7 377.4 487.9 67.4 35.5 – – 748.5 889.2Liabilities of segment 2) 48.3 58.3 61.9 63.6 38.3 48.8 – – 148.5 170.7Unallocated liabilities – – – – – – – – 215.1 346.5Total liabilities 48.3 58.3 61.9 63.6 38.3 48.8 – – 363.6 517.2Investment expenditure 4.2 11.7 9.0 29.0 4.1 7.3 – – 17.3 48.01) Excluding € 0.1 million consolidated translation differences (2008: € 3.7 million).2) Excluding intercompany loans.Royal Ten Cate Annual Report 2009 105