ANNUAL REPORT 2011 - Kuehne + Nagel

72
Consolidated Financial Statements 2011 _ _ _ _ _ _ Other Notes
a) Reportable segments
Total Group Seafreight Airfreight Road & Rail Logistics
CHF million 2011 2010 2011 2010 2011 2010 2011 2010
Invoiced turnover (external customers) 19,596 20,261 8,330 8,996 4,020 4,044 2,967 2,776
Invoiced inter-segment turnover – – 1,582 1,752 2,305 2,281 1,185 855
Customs duties and taxes –3,378 –3,403 –2,231 –2,265 –616 –692 –282 –233
Net invoiced turnover 16,218 16,858 7,681 8,483 5,709 5,633 3,870 3,398
Net expenses for services from third parties –10,320 –10,900 –6,427 –7,259 –4,914 –4,884 –3,013 –2,573
Gross profit 5,898 5,958 1,254 1,224 795 749 857 825
Total expenses –4,920 –4,954 –816 –783 –543 –515 –815 –782
EBITDA
Depreciation of property,
978 1,004 438 441 252 234 42 43
plant and equipment –154 –164 –17 –16 –10 –12 –30 –34
Amortisation of other intangibles –69 –75 –8 –9 –7 –6 –25 –26
Impairment of other intangibles –5 – –2 – –3 – – –
EBIT (segment profit/(loss)) 750 765 411 416 232 216 –13 –17
Financial income 20 6
Financial expenses –8 –9
Result from joint ventures and associates 4 5 2 3 – – 1 2
Earnings before tax (EBT) 766 767
Income tax –160 –162
Earnings for the year 606 605
Attributable to:
Equity holders of the parent company 601 601
Non-controlling interests 5 4
Earnings for the year 606 605
Additional information
not regularly reported to CODM
Non-current segment assets 2,239 2,058 121 61 65 37 364 283
Segment assets 6,141 5,941 1,186 1,087 642 492 770 658
Segment liabilities 3,736 3,563 1,110 1,088 641 568 580 511
Allocation of goodwill 696 590 45 23 39 14 217 152
Allocation of other intangibles
Capital expenditure property,
196 176 25 20 26 11 94 73
plant and equipment 207 134 22 13 15 10 81 21
Capital expenditure other intangibles
Property, plant and equipment,
goodwill and intangibles through
11 17 2 5 2 3 1 3
business combinations 263 3 47 – 53 – 157 3
Non-cash expenses 104 119 15 15 11 12 17 18