IC Companys – Annual Report 2008/09 0 - IC Companys A/S

Tax assets are written down if:
• Management believes that it is not sufficiently likely that the operation of an individual tax object (company)
or a group of jointly taxed companies can generate a profit within the foreseeable future (typically three to
five years);
• the expected taxable income is insufficient for the tax assets to be exploited in full; or
• at the balance sheet date, there is uncertainty with respect to the value of the tax asset, for instance as a result
of an ongoing tax audit or pending tax litigation.
3. Segment information for the group
Business segments
In terms of the primary segment, all the Group’s brands operate in sales of “fashion wear” and, in Management’s
opinion in all material respects all brands have similar risk profiles and similar prerequisites in terms of long-term
financial performance. Furthermore the supply-, the distribution- and the sales processes are shared for all
brands. On this basis, the Group does not disclose separate segment information for the individual brands, which
is considered to be in compliance with the requirements of IAS 14.
Geographical segments
The Group’s activities are primarily based in Scandinavia (Denmark, Sweden and Norway) and the rest of Europe.
The below table specifies the Group’s sale of goods, broken down by geographic markets, and the allocation of
carrying amounts and the additions for the year of property, plant and equipment and intangible assets broken
down by geographical areas based on physical location.
2008/09
DKK million Scandinavia Other Europe Other world Group total
Revenue 1,873.1 1,545.4 182.1 3,600.6
Total segment assets 1,290.8 414.7 79.2 1,784.7
Investments in intangible assets and property, plant and equipment 83.5 54.1 5.1 142.7
2007/08
DKK million Scandinavia Other Europe Other world Group total
Revenue 1,949.3 1,607.7 180.2 3,737.2
Total segment assets 1,362.1 477.0 93.2 1,932.3
Investments in intangible assets and property, plant and equipment 71.1 62.3 7.2 140.6
4. Revenue
Group
DKK million 2008/09 2007/08
Continuing brands 3,559.6 3,698.3
Discontinued brands 0.3 0.4
External brands 40.7 38.5
Total 3,600.6 3,737.2
IC Companys – Årsrapport 2008/09
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