64
65
Annual Financial Statements
Geographical Information
The Group’s Sales and its non-current assets (other than financial instruments, investments, deferred tax assets and post-
employment benefit assets) are divided into the following geographical areas:
(Amounts in thousands
€
)
1/1-31/12/2015
Metallurgy Constructions Energy Others Discontinuing
Operations Total Segment
Total Gross Sales
630,774
668,016
197,387 16,441
(4,004)
1,508,614
Intercompany sales
(81,345)
-
(10,253) (16,437)
-
(108,035)
Inter-segment sales
-
(17,706)
-
-
-
(17,706)
Net Sales
549,429
650,310
187,134
4
(4,004)
1,382,873
Earnings before interest and income tax
67,164
118,632
(8,948) (7,276)
4,675
174,247
Financial results
(18,964)
(11,894)
(22,056) (12,776)
37
(65,653)
Share of profit of associates
-
(217)
197
217
-
197
Profit before income tax
48,200
106,521
(30,807) (19,834)
4,712
108,791
Income tax expense
(9,892)
(31,273)
8,500
4,286
-
(28,379)
Profit for the period
38,308
75,248
(22,307) (15,548)
4,712
80,412
Result from discontinuing operations
-
-
-
-
4,713
4,713
Assets depreciation
30,838
3,712
31,324 (5,107)
(911)
59,856
Other operating included in EBITDA
-
270
-
-
-
270
Oper.Earnings before income tax,financial
results,depreciation and amortization
98,002
122,614
22,376 (12,383)
3,764
234,373
(Amounts in thousands
€
)
1/1-31/12/2014
Metallurgy Constructions Energy Others Discontinuing
Operations Total Segment
Total Gross Sales
490,740
609,271 169,336 22,573
(7,713)
1,284,207
Intercompany sales
(19,947)
-
(1,848) (22,573)
-
(44,368)
Inter-segment sales
-
(7,235)
-
-
-
(7,235)
Net Sales
470,793
602,036 167,488
-
(7,713)
1,232,604
Earnings before interest and income tax
56,101
106,230 46,249 (11,170)
220
197,630
Financial results
(17,735)
(1,880)
(23,762) (17,740)
39
(61,078)
Share of profit of associates
-
(50)
(191)
-
-
(241)
Profit before income tax
38,366
104,300 22,296 (28,910)
259
136,311
Income tax expense
(4,405)
(7,982)
(10,903)
646
-
(22,644)
Profit for the period
33,961
96,318 11,393 (28,264)
259
113,667
Result from discontinuing operations
-
-
-
-
259
259
Assets depreciation
30,913
3,847 28,083 (5,062)
(1,515)
56,266
Other operating included in EBITDA
-
47
-
-
-
47
Oper.Earnings before income tax,financial
results,depreciation and amortization
87,014
110,124 74,332 (16,232)
(1,295)
253,943
(Amounts in thousands
€
)
Metallurgy Constructions Energy
Others Total Segment
31/12/2015
Assets
829,855
1,097,607
1,064,840
(92,898)
2,899,404
Consolidated assets
829,855
1,097,607
1,064,840
(92,898)
2,899,404
Liabilities
637,178
509,848
384,327
137,713
1,669,066
Consolidated liabilities
637,178
509,848
384,327
137,713
1,669,066
(Amounts in thousands
€
)
Metallurgy Constructions Energy
Others Total Segment
31/12/2014
Assets
782,881
931,295
1,045,988
(79,418)
2,680,746
Consolidated assets
782,881
931,295
1,045,988
(79,418)
2,680,746
Liabilities
459,844
364,890
400,392
294,394
1,519,520
Consolidated liabilities
459,844
364,890
400,392
294,394
1,519,520
MYTILINEOS GROUP
Sales
Sales
Non current assets
Non current assets
(Amounts in thousands
€
)
31/12/2015
31/12/2014
31/12/2015
31/12/2014
Hellas
419,494
346,945
1,487,626
1,485,240
European Union
383,461
284,830
28,965
25,329
Other Countries
579,917
600,829
2,603
3,028
Regional Analysis
1,382,873
1,232,604
1,519,194
1,513,597
Segment reporting
MYTILINEOS Group is active in three main operating business segments: Metallurgy, Constructions and Energy. In identifying its operating
segments, management generally follows the Group’s service lines, which represent the main products and services provided by the Group.
Each of these operating segments is managed separately as each of these service lines requires different technologies and other resources
as well as marketing approaches. The adoption of IFRS 8 has not affected the identified operating segments for the Group compared to
the recent annual financial statement.
Segment’s results are as follows:
Segment’s assets and liabilities are as follows:
