NWG // FINANCIAL INFORMATION //
THE GROUP
Note 3 - Operating segment reporting
Accounting policies
Operating segments are reported in a manner consistent with the internal reports presented to the chief operating decision maker . The chief operating decision maker is the function responsible for the allocation of resources to the operating segments and the assessment of the operating segments ’ financial performance . For the Group , this function has been identified as the Group CEO , who is responsible for and manages the day-to-day administration of the Group in accordance with the Board ’ s guidelines and terms of reference .
The operating segments of the Group are Corporate , Sports & Leisure , and Gifts & Home Furnishings . The relevant brands are allocated to the operating segment to which they are considered to belong . The Group monitors net sales and operating result for each segment .
As of 2020 , some brands have been reclassified from Corporate to Gifts & Home Furnishings . The comparative figures have been recalculated .
SEK million Net sales Operating result Assets Fixed assets *
Deferred tax assets
2020 2019 2020 2019 2020 2019 2020 2019 2020 2019
Corporate 3 104.8 3 219.6 349.0 325.4 4 225.6 4 316.6 1 105.1 1 210.2 37.1 40.1
Sports & Leisure |
2 168.5 |
2 887.4 |
170.4 |
235.8 |
2 571.2 |
3 290.3 |
1 233.4 |
1 392.6 |
44.7 |
49.5 |
Gifts & Home Furnishings |
825.5 |
796.5 |
26.5 |
-26.2 |
419.9 |
787.4 |
331.9 |
334.7 |
24.9 |
23.1 |
Total |
6 098.8 |
6 903.5 |
545.9 |
535.0 |
7 216.7 |
8 394.3 |
2 670.4 |
2 937.5 |
106.7 |
112 . 8 |
Total operating result 545.9 535.0 Net financial items -64.9 -68.2 Profit before tax 481.0 466.7
* Financial fixed assets are not included .
SEK million Net investments
Amortizations , depreciations and write-downs
Total liabilities
2020 2019 2020 2019 2020 2019
Corporate |
-29.1 |
-91.2 |
-146.5 |
-142.9 |
2 448.2 |
2 896.9 |
Sports & Leisure |
-24.1 |
-33.9 |
-66.4 |
-68.7 |
697.9 |
1 194.4 |
Gifts & Home Furnishings |
-4.3 |
-23.6 |
-16.6 |
-21.5 |
215.0 |
532.4 |
Total |
-57.5 |
-148.7 |
-229.5 |
-233.1 |
3 361.1 |
4 623.6 |
|
Geographic areas
SEK million
|
Net sales |
Fixed assets * |
Deferred tax assets |
|
2020 |
2019 |
2020 |
2019 |
2020 |
2019 |
USA |
1 140.9 |
1 774 . 5 |
990.2 |
1 138.9 |
43.6 |
50.8 |
Sweden |
1 558.0 |
1 610.5 |
737.9 |
716.3 |
26.9 |
19.7 |
Central Europe |
913.4 |
1 078.1 |
339.0 |
382.1 |
5.5 |
13.6 |
Nordic countries excl . Sweden |
710.3 |
861.0 |
245.8 |
301.6 |
3.6 |
4.5 |
Southern Europe |
901.2 |
812.6 |
224.4 |
275.7 |
21.6 |
18.1 |
Other countries |
875.0 |
766.8 |
133.0 |
123.0 |
5.5 |
6.1 |
Total |
6 098.8 |
6 903.5 |
2 670.4 |
2 937.5 |
106.7 |
112 . 8 |
Fixed assets and deferred tax assets are based on where the Group ' s assets are located . * Financial fixed assets are not included .
072 // ANNUAL REPORT