The good prospects are based on the all-embracing ... - ALNO AG

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ConsoLidatEd FinanCiaL statEmEnts | notEs to thE sEGmEnt REpoRts
F. notes to the segment
reports
In conjunction with segment reporting, the activities of
the ALNO Group were defined according to business
segments in compliance with the rules of IFRS 8. Segments
which reported to the Board of Management <strong>are</strong>
not combined. This breakdown is <strong>based</strong> on the internal
management and reporting, and encompasses the segments
ALNO, WELLMANN, IMPULS, PINO, the foreign
subsidiaries (ATG) and other companies.
<strong>The</strong> ALNO segment comprises ALNO AG in Pfullendorf,
which builds brand name kitchens in the upper and middle
price group at the Pfullendorf location; the WELLMANN
segment produces kitchens in the middle price group
at the Enger location. <strong>The</strong> IMPULS segment comprises
Impuls Küchen GmbH in Brilon, while the PINO segment
comprises Pino Küchen GmbH in Coswig (Anhalt); both
produce kitchens in the lower price range. <strong>The</strong> foreign
subsidiaries encompass the marketing companies in other
European countries. Two special purpose entities and an
intermediate holding company <strong>are</strong> recognized under other
companies.
<strong>The</strong> segment reports <strong>are</strong> <strong>based</strong>, as a matter of principle,
on the same reporting, recognition and measurement
policies as the consolidated financial statements. For
segment reporting purposes, the leases of the special purpose
entities <strong>are</strong> always treated as operating leases. <strong>The</strong>
at-equity investment is recognized at cost. Internal sales
reflect the value of sales between Group companies; these
were effected at market prices.
Decisions concerning the allocation of resources and
assessment of the reportable segments' performance <strong>are</strong>
made by the full Board of Management.
<strong>The</strong> segment data <strong>are</strong> presented below according to fields
of business:
2011
According to segments in '000 EUR ALNO Wellmann Impuls Pino ATG Other
Sales revenue
Consolidation
Total
Foreign sales 90,415 130,105 112,009 95,183 25,098 0 0 452,810
Domestic sales 7,958 5,562 4,084 31 0 1,729 – 19,364 0
Total sales 98,373 135,667 116,093 95,214 25,098 1,729 – 19,364 452,810
Earnings
Segment EBITDA -21,746 – 12,636 7,534 2,891 131 1,570 27,460 5,204
Segment EBIT -26,779 – 18,311 4,667 745 – 118 1,483 27,615 – 10,698
Segm. Profit/loss before income taxes (EBT) – 33,729 – 21,996 4,332 540 – 350 718 25,269 – 25,216
Income taxes 103 – 235 – 60 – 95 – 6 – 73 21 – 345
Income for the period – 33,626 – 22,231 4,272 445 – 356 645 25,290 – 25,561
Scheduled write-downs 738 5,675 2,867 2,146 93 87 – 7 11,599
Impairment losses 4,295 0 0 0 156 0 – 148 4,303
Financial income 772 38 799 618 3 0 – 2,158 72
Financial expenses 6,722 3,723 1,134 823 235 765 – 2,163 11,239
Income from investm. measured at equity – 1,000 0 0 0 0 0 – 2,351 – 3,351
Assets and liabilities
Segment assets 115,138 61,254 39,149 32,155 9,425 63,952 – 161,403 159,670
Segment liabilities 147,689 84,145 31,893 27,034 11,014 10,042 – 78,803 233,014
At-equity investments 5,000 0 0 0 0 0 – 4,129 871
Other segment information
Investments 6,528 7,217 2,415 2,433 4 0 0 18,597