New Wave Group Annual Report 2023 | Page 78

Note 3 - Operating segment reporting
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 , operating result and operating margin for each segment . The group has a larger number of customers , none of which exceeds 10 % of the group ' s total net sales .
SEK million Net sales Operating result Assets Fixed assets *
Deferred tax assets
2023 2022 2023 2022 2023 2022 2023 2022 2023 2022
Corporate
4 757.1
4 152.0
942.7
813.1
6 895.4
6 745.4
1 131.2
1 207.3
41.2
51.6
Sports & Leisure
3 874.6
3 782.3
617.7
647.3
3 283.0
3 811.3
1 658.7
1 548.8
78.5
60.5
Gifts & Home Furnishings
881.1
909.3
16.8
44.7
560.9
386.8
324.6
332.0
8.2
17.1
Total
9 512.9
8 843.6
1 577.2
1 505.1
10 739.3
10 943.6
3 114 . 5
3 088.1
127.9
129.2
Operating margin , % 16.6 % 17.0 %
Total operating result 1 577.2 1 505.1 Net financial items -137.7 -55.0 Result before tax 1 439.5 1 450.1
* Financial fixed assets and deffered tax assets are not included .
SEK million Net investments
Amortizations , depreciations and write-downs
Total liabilities
2023 2022 2023 2022 2023 2022
Corporate
-69.2
-450.0
-167.4
-156.2
2 451.2
3 913.1
Sports & Leisure
-133.3
-55.4
-78.3
-77.0
1 495.0
935.9
Gifts & Home Furnishings
-21.5
-16.8
-17.3
-16.0
332.7
204.0
Total
-224.0
-522.2
-263.2
-249.2
4 278.9
5 053.1
Geographic areas
SEK million
Net sales
Fixed assets *
Deferred tax assets
2023
2022
2023
2022
2023
2022
USA
2 156.2
2 139.1
1 343.3
1 323.3
55.3
51.1
Sweden
2 014.1
2 010.0
804.7
723.7
26.9
26.3
Central Europe
2 217.9
1 639.1
470.9
477.2
15.9
16.3
Nordic countries excl . Sweden
1 074 . 5
1 083.6
171.5
206.7
4.8
6.5
Southern Europe
1 297.3
1 179.3
221.7
223.9
12.6
20.9
Other countries
752.8
792.5
102.3
133.3
12.4
8.1
Total
9 512.9
8 843.6
3 114 . 5
3 088.1
127.9
129.2
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