SECTION 1 -

U. Segment Information
New Services operates in four separate geographic segments, as follows:
- France
- Rest of Europe
- Latin America & Caribbean
- Rest of the world
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New Services: Historical Combined Financial Statements and Notes
December, 31, 2009
Items that are not specific to a geographic segment are included in the “Worldwide Structures” segment.
Each geographic segment represents a strategic business serving different markets. The internal reporting structure for each
geographic segment is organized and administered separately. Group Management monitors results and performance on a
segment‐by‐segment basis. Similarly, decisions about resource allocation are made separately for each geographic segment.
Based on this organization, the Group considers that its four geographic segments meet the definition of operating segments
under IFRS 8, as the segment information presented is based on the internal reporting system used by Management to assess the
performance of the different segments. The performance indicators used by Management are as follows:
- Issue volume
- Revenue
- EBITDA
- EBIT
An analysis of these indicators by operating segment is presented in the following notes:
- Note 3 for issue volume
- Note 3 for revenue
- Note 5 for EBITDA
- Note 7 for EBIT
Balance sheets by geographic segment are presented in Note 26.
V. Other information
Current assets and liabilities are assets and liabilities that the Group expects to recover or settle:
- In the normal course of business; or
- Within twelve months of the period‐end.
The Board of Directors of Accor approved these financial statements for publication on May 11, 2010,