2010 ANNUAL REPORT - Webtech Wireless

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFor the twelve months ended December 31, 2010 and December 31, 2009and the five-month period ended December 31, 2008Note 15Segmented informationThe Company operates in a single business segment - telematics,and has sales in Canada, the United States, Europe, Mexico, andin other areas of the world. Revenues are split into two categories:non-recurring hardware and software sales and recurring softwareas a service revenue. As at December 31, 2010, 93%(2009 – 95%) of the Company’s property and equipment werelocated in Canada and 7% (2009 – 5%) were located in Europe andthe United States where they are held by the Company’s whollyowned subsidiaries.Revenue by geographic segment is as follows:December 31, 2010 December 31, 2009United States $21,221 $13,004Canada 13,340 6,922Europe 4,476 3,387Mexico & Latin America 1,635 2,625Rest of the world 705 1,279$41,377 $27,217Revenue by category as follows:December 31, 2010 December 31, 2009Hardware $14,576 $15,796Recurring, software, services and other 26,801 11,421$41,377 $27,217Note 16Restructuring costsIn December 2010, the Company determined to make managementchanges which led to certain restructuring activities. Thesewere in addition, to management changes made in December2009. Restructuring costs related to severance, legal fees andstock based compensation totaled $1,550 (2009: $1,461). Of therestructuring costs incurred, $630 is included in accounts payableand accruals as at December 31, 2010 (2009: $ 1,282).(Dollar amounts in 000’s except number of shares and per share amounts)47