1. Segment reporting
The operating segments under IFRS 8 reported by Tecnotree are the geographical areas, which are Europe & Americas (Europe, North, Central and South America), MEA & APAC (Middle East and Africa & Asia Pacific ). This is because their results are monitored separately in the company’s internal financial reporting. Tecnotree’s ultimate chief operating decision maker, as referred to in IFRS 8, is the Group’s management board.
Net sales and the result for the operating segments are presented based on the location of customers. The result for the operating segments includes the costs that can be allocated to the segments, being costs of sales and marketing, customer service and delivery functions as well as product development. Costs for product management and administration, depreciations, taxes and financial items are not allocated to the segments, as they can't be allocated to the segments on a reasonable basis. These costs are presented under Other costs in the below table.
Tecnotree does not allocate its assets to the operating segments for the reporting purposes.
Operating segments 2019
EUR 1,000 |
|
Americas & Europe |
MEA & APAC |
Other segments |
Group total |
|
|
|
|
|
|
Net sales (external) |
|
14,873 |
32,118 |
|
46,991 |
|
|
|
|
|
|
Segment result |
|
6,971 |
14,900 |
|
21,871 |
Non-allocated items |
|
|
|
-8,913 |
-8,913 |
Operating result before one-time costs |
*) |
|
|
|
12,958 |
One-time costs |
**) |
|
|
|
1,415 |
Operating result |
|
|
|
|
14,373 |
|
|
|
|
|
|
Operating segments 2018 |
EUR 1,000 |
|
Americas & Europe |
MEA & APAC |
Other segments |
Group total |
|
|
|
|
|
|
Net sales (external) |
|
16,335 |
25,561 |
|
41,896 |
|
|
|
|
|
|
Segment result |
|
7,698 |
6,426 |
|
14,124 |
Non-allocated items |
|
|
|
-8,259 |
-8,259 |
Operating result before one-time costs |
*) |
|
|
|
5,865 |
One-time costs |
**) |
|
|
|
-591 |
Operating result |
|
|
|
|
5,274 |
|
|
|
|
|
|
| | | | | |
Net sales from Finnish customers were EUR 717 (549) thousand and the total of all other countries EUR 46,990 (41,437) thousand. Non-current assets located in Finland at the balance sheet date were EUR 290 (1,334) thousand, and in other countries a total of EUR 6,475 (1,646) thousand.
*) Operating result before one-time costs = Adjusted operating result
**) one-time income EUR 1,415 million related to sale of Espoo office premises
Information about major customers
EUR 1,000 |
|
2019 |
2018 |
|
|
Net sales |
% of the Group's net sales |
Net sales |
% of the Group's net sales |
|
|
|
|
|
|
Customer 1, operating segment: |
Americas & Europe |
12,250 |
26% |
14,834 |
35% |
Customer 2, operating segment: |
MEA & APAC |
25,339 |
54% |
20,382 |
49% |
| | | | | |