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 from external customers and operating result for each segment . The group has a large number of customers , none of which exceeds 10 % of the group ' s turnover .
SEK million Net sales Operating result Assets Fixed assets *
Deferred tax assets
2022 2021 2022 2021 2022 2021 2022 2021 2022 2021
Corporate 4 152.0 2 971.6 813.1 440.8 6 745.4 4 425.7 1 207.3 1 078.8 51.6 32.8
Sports & Leisure |
3 782.3 |
2 792.5 |
647.3 |
466.0 |
3 811.3 |
2 742.7 |
1 548.8 |
1 317.6 |
60.5 |
45.3 |
Gifts & Home Furnishings |
909.3 |
954.5 |
44.7 |
99.1 |
386.8 |
492.2 |
332.0 |
336.6 |
17.1 |
15.4 |
Total |
8 843.6 |
6 718.6 |
1 505.1 |
1 005.9 |
10 943.6 |
7 660.6 |
3 088.1 |
2 733.0 |
129.2 |
93.5 |
Total operating result 1 505.1 1 005.9 Net financial items -55.0 -43.0 Result before tax 1 450.1 962.9
* Financial fixed assets are not included .
SEK million Net investments
Amortizations , depreciations and write-downs
Total liabilities
2022 2021 2022 2021 2022 2021
Corporate |
-450.0 |
-60.9 |
-156.2 |
-141.4 |
3 913.1 |
2 090.3 |
Sports & Leisure |
-55.4 |
-29.2 |
-77.0 |
-66.5 |
935.9 |
749.5 |
Gifts & Home Furnishings |
-16.8 |
-24.1 |
-16.0 |
-16.4 |
204.0 |
253.3 |
Total |
-522.2 |
-114. 2 |
-249.2 |
-227.3 |
5 053.1 |
3 093.1 |
|
Geographic areas
SEK million
|
Net sales |
Fixed assets * |
Deferred tax assets |
|
2022 |
2021 |
2022 |
2021 |
2022 |
2021 |
USA |
2 139.1 |
1 409.0 |
1 323.3 |
1 078.8 |
51.1 |
40.8 |
Sweden |
2 010.0 |
1 913.1 |
723.7 |
755.3 |
26.3 |
19.5 |
Central Europe |
1 639.1 |
1 025.7 |
477.2 |
318.1 |
16.3 |
8.7 |
Nordic countries excl . Sweden |
1 083.6 |
862.5 |
206.7 |
230.2 |
6.5 |
3.9 |
Southern Europe |
1 179.3 |
862.9 |
223.9 |
210.2 |
20.9 |
16.7 |
Other countries |
792.5 |
645.4 |
133.3 |
140.4 |
8.1 |
3.9 |
Total |
8 843.6 |
6 718.6 |
3 088.1 |
2 733.0 |
129.2 |
93.5 |
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