Note 3 - Segment information

Reportable segments – Business areas

The Group has five reportable segments. Products for the consumer-durables market, i.e., appliances and floor-care products, have four reportable segments: Europe; North America; Latin America and Asia/Pacific. Products within appliances comprise mainly of refrigerators, freezers, cookers, dryers, washing machines, dishwashers, room air-conditioners and microwave ovens. Professional products have one reportable segment. Financial information related to the business areas is reported below.

	Net sales		Operating income
	2009	2008	2009	2008
Consumer Durables
Europe	42,300	44,342	2,188	–22
North America	35,726	32,801	1,476	222
Latin America	14,165	10,970	878	715
Asia/Pacific	9,806	9,196	619	369
Professional Products	7,129	7,427	668	774
	109,126	104,736	5,829	2,058
Group common costs	6	56	–507	–515
Items affecting comparability	—	—	–1,561	–355
Total	109,132	104,792	3,761	1,188
Financial items, net	—	—	–277	–535
Income after financial items	—	—	3,484	653

In the internal management reporting, items affecting comparability is not included in the segments. The table specifies the segments to which they correspond.

Items affecting comparability
	Impairment/restructuring		Other		Total
	2009	2008	2009	2008	2009	2008
Consumer Durables
Europe	–620	–355	—	—	–620	–355
North America	–779	—	—	—	–779	—
Latin America	—	—	—	—	—	—
Asia/Pacific	–162	—	—	—	–162	—
Professional Products	—	—	—	—	—	—
Total	–1,561	–355	—	—	–1,561	–355

Inter-segment sales exist with the following split:
	2009	2008
Consumer Durables
Europe	1,378	1,560
North America	892	204
Latin America	2	1
Asia/Pacific	92	50
Eliminations	2,364	1,815

The segments are responsible for the management of the operational assets and their performance is measured at the same level, while the financing is managed by Group Treasury at group or country level. Consequently, liquid funds, interest-bearing receivables, interest-bearing liabilities and equity are not allocated to the business segments.

	Assets December 31,		Equity and liabilities December 31,		Net assets December 31,
	2009	2008	2009	2008	2009	2008
Consumer Durables
Europe	33,633	28,345	25,982	21,104	7,651	7,241
North America	8,336	15,422	438	7,089	7,898	8,333
Latin America	5,854	6,536	2,664	2,971	3,190	3,565
Asia/Pacific	3,561	4,885	1,479	2,169	2,082	2,716
Professional Products	2,413	3,720	1,345	2,393	1,068	1,327
Other¹⁾	5,738	4,937	6,685	6,595	–947	–1,658
Items affecting comparability	–196	87	1,240	670	–1,436	–583
	59,339	63,932	39,833	42,991	19,506	20,941
Liquid funds	13,357	9,391	—	—	—	—
Interest-bearing receivables	—	—	—	—	—	—
Interest-bearing liabilities	—	—	14,022	13,947	—	—
Equity	—	—	18,841	16,385	—	—
Total	72,696	73,323	72,696	73,323	—	—

1) Includes Group functions.

	Capital expenditure		Cash flow¹⁾
	2009	2008	2009	2008
Consumer Durables
Europe	1,187	1,569	1,680	2,395
North America	470	917	1,804	722
Latin America	311	362	2,318	655
Asia/Pacific	131	185	1,116	295
Professional Products	107	98	818	942
Other ²⁾	17	27	–716	–1,720
Items affecting comparability	—	—	–413	–448
Financial items	—	—	–348	–729
Taxes paid	—	—	–929	–918
Total	2,223	3,158	5,330	1,194

1) Cash flow from operations and investments.
2) Includes Group functions.

Geographical information
	Net sales¹⁾
	2009	2008
USA	31,725	28,610
Brazil	11,688	8,416
Germany	7,435	7,392
Australia	5,290	4,462
France	5,119	4,942
Italy	5,044	4,979
Canada	4,379	4,427
Sweden (country of domicile)	3,399	3,690
Switzerland	3,266	2,373
United Kingdom	3,259	3,782
Other	28,528	31,719
Total	109,132	104,792

1) Revenues attributable to countries on the basis of the customer’s location.

Tangible and non-tangible fixed assets located in the Group’s country of domicile, Sweden, amounted to SEK 1,814m (1,616). Tangible and non-tangible fixed assets located in all other countries amounted to SEK 18,774m (20,337). Individually material countries in this aspect are Italy with SEK 3,208m (3,510), USA with SEK 3,025m (4,007) and Mexico with SEK 2,048m (2,278), respectively.

Produced by Solberg