Annual Report 2012 - Investor Relations

56Notes to the consolidated financial statements3. Segment reportingThe Group develops, produces and sells speciality papers. The Group’s geographical segments are structured on the basis of the locationof the countries and the similarities of the economic environment. This results in four regions: Europe, the Americas, Asia, and Rest ofthe World.Total2012 Europe Americas Asia Rest of worldTCHFNet revenue with third parties 1) 214,085 14,524 44,240 6,888 279,737Total2011 Europe Americas Asia Rest of worldTCHFNet revenue with third parties 1) 231,359 19,374 50,892 7,651 309,2761)Allocated according to sales destination.4. Personnel expenseWages and salaries –40,899 –46,171Employee benefits (incl. pension plan expense) –10,034 –10,924Other personnel expense –1,026 –956Total personnel expense excluding travel expenses –51,959 –58,0502012TCHF2011TCHFPersonnel expense is included on the consolidated income statement in the costs of the respective items. As of 31 December 2012, theGroup had a headcount of 544.5 FTEs (2011: 651 FTEs).5. Depreciation and amortisationDepreciation of tangible fixed assets –13,128 –18,114Amortisation of intangible assets –809 –1,648Total depreciation and amortisation –13,937 –19,7622012TCHF2011TCHFDepreciation and amortisation are included in the consolidated income statement in the costs of the respective items.