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 . The Group has a large number of customers , none of which exceed 10 % of the Group ' s sales . Net sales consist entirely of revenues from external customers .
SEK million Net sales Operating result Assets Fixed assets *
Deferred tax assets
2021 2020 2021 2020 2021 2020 2021 2020 2021 2020
Corporate 2 971.6 3 104.8 440.8 349.0 4 425.7 4 225.6 1 078.8 1 105.1 32.8 37.1
Sports & Leisure |
2 792.5 |
2 168.5 |
466.0 |
170.4 |
2 742.7 |
2 571.2 |
1 317.6 |
1 233.4 |
45.3 |
44.7 |
Gifts & Home Furnishings |
954.5 |
825.5 |
99.1 |
26.5 |
492.2 |
419.9 |
336.6 |
331.9 |
15.4 |
24.9 |
Total |
6 718.6 |
6 098.8 |
1 005.9 |
545.9 |
7 660.6 |
7 216.7 |
2 733.0 |
2 670.4 |
93.5 |
106.7 |
Total operating result 1 005.9 545.9 Net financial items -43.0 -64.9 Profit before tax 962.9 481.0
* Financial fixed assets are not included .
SEK million Net investments
Amortizations , depreciations and write-downs
Total liabilities
2021 2020 2021 2020 2021 2020
Corporate |
-60.9 |
-29.1 |
-141.4 |
-146.5 |
2 090.3 |
2 448.2 |
Sports & Leisure |
-29.2 |
-24.1 |
-66.5 |
-66.4 |
749.5 |
697.9 |
Gifts & Home Furnishings |
-24.1 |
-4.3 |
-16.4 |
-16.6 |
253.3 |
215.0 |
Total |
-114. 2 |
-57.5 |
-224.3 |
-229.5 |
3 093.1 |
3 361.1 |
|
Geographic areas
SEK million
|
Net sales |
Fixed assets * |
Deferred tax assets |
|
2021 |
2020 |
2021 |
2020 |
2021 |
2020 |
Sweden |
1 913.1 |
1 558.0 |
755.3 |
737.9 |
19.5 |
26.9 |
USA |
1 409.0 |
1 140.9 |
1 078.8 |
990.2 |
40.8 |
43.6 |
Central Europe |
1 025.7 |
913.4 |
318.1 |
339.0 |
8.7 |
5.5 |
Nordic countries excl . Sweden |
862.5 |
710.3 |
230.2 |
245.8 |
3.9 |
3.6 |
Southern Europe |
862.9 |
901.2 |
210.2 |
224.4 |
16.7 |
21.6 |
Other countries |
645.4 |
875.0 |
140.4 |
133.0 |
3.9 |
5.5 |
Total |
6 718.6 |
6 098.8 |
2 733.0 |
2 670.4 |
93.5 |
106.7 |
Fixed assets and deferred tax assets are based on where the Group ' s assets are located . * Financial fixed assets are not included .
078 // ANNUAL REPORT