Südzucker International Finance B. V. Südzucker AG ... - Xetra

VII. Segment reporting1. Business segments (primary segment reporting)The segment information has been presented in accordance with internal reporting within the Südzucker Group,with operations divided into the sugar and special products segments. In connection with the group’s strategicrestructuring, with the acquisition of the SLS Group and the disposal of the Schöller Group in 2001/02, the make-upof the segments was changed effective March 1, 2002, as follows: the sugar segment includes the core sugarbusiness in western and eastern Europe. The special products segment consists of the Palatinit, ORAFTI and starchdivisions, together with the activities of the Portion Pack, Surafti and Freiberger Groups.As set out in IAS 14.76, the previous year’s figures were reallocated to the new segments and the Schöller activities,included in the 2001/02 amounts, were eliminated to facilitate comparability.Segment results are measured by their operating profit, i.e. profits before restructuring costs and exceptional items,before amortisation of goodwill and interest and investment income and expense.Operating margin is calculated as the percentage of operating profit to sales. Transactions between segments(sales of D 66.6 million) are made at normal market conditions.Segment net assets consist of non-current assets less financial assets and working capital of the segment(inventories, trade receivables and other assets less trade account liabilities, other short-term liabilities andshort-term provisions and accrued liabilities). Segment liabilities consist of medium-term and long-term third-partyliabilities excluding financial debt. Capital expenditures and depreciation of tangible non-current assets includeadditions to and depreciation of tangible and intangible non-current assets (excluding goodwill). The investments infinancial assets also include acquisitions of consolidated subsidiaries.F-35