Note 2- Key estimates and assumptions
Note 3- Operating segment reporting
NWG // FINANCIAL INFORMATION //
THE GROUP
Note 2- Key estimates and assumptions
Preparing the consolidated financial statements requires that management and the Board make certain estimates and assumptions. These estimates and assumptions are in all essential based on historical experience and expected future events. These estimates and assumptions affect reported assets and liabilities, as well as revenue and costs. Changes are reported in the period in which the estimates and assumptions are changed and in future periods if these are affected. Estimates and assumptions that may have a significant effect on the Group’ s earnings and financial position are presented in each note where appropriate.
Source of estimation uncertainty and critical judgments
Impairment of goodwill and other intangible fixes assets
Measurement of lease liabilities and right-of-use assets
Deferred taxes and uncertainty over income tax treatments and claims
Write down of inventories
Reserve for expected credit losses
Note
Note 8 Intangible fixed assets
Note 9 Tangible fixed assets
Note 12 Taxes
Note 15 Inventory
Note 16 Financial instruments and financial risk management
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
2024 2023 2024 2023 2024 2023 2024 2023 2024 2023
Corporate |
4,678.9 |
4, 757.1 |
729.3 |
942.7 |
7,575. 0 |
6,895.4 |
1,390.8 |
1,131.2 |
40.7 |
41.2 |
Sports & Leisure |
3,988.3 |
3,874. 6 |
544.5 |
617.7 |
3,204.0 |
3,283.0 |
1,841.8 |
1,658.7 |
80.1 |
78.5 |
Gifts & Home Furnishings |
861.5 |
881.1 |
-11. 5 |
16.8 |
547.4 |
560.9 |
315.6 |
324.6 |
9.3 |
8.2 |
Total |
9,528.7 |
9,512.9 |
1,262.3 |
1, 577.2 |
11,326. 4 |
10,739.3 |
3,548.2 |
3,114.5 |
130.1 |
127.9 |
Operating margin, % 13.2 % 16.6 %
Total operating result 1,262.3 1, 577.2 Net financial items-128.9-137.7 Result before tax 1,133.4 1,439.4
* Financial fixed assets and deferred tax assets are not included.
096 // ANNUAL REPORT