B1. Segment reporting
AP ACCOUNTING PRINCIPLES
Operating segments are recognized in a manner that complies with the internal reporting submitted to the chief operating decision maker. The chief operating decision maker is the function that is responsible for allocating resources and assessing the result of the operating segments. At SCA, this function has been identified as the company’s President and 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. One Executive Vice President and the Executive Management Team support him in his work; see the section Responsibility and governance, Corporate governance. SCA’s three business areas, Personal Care, Tissue and Forest Products, comprise the operating segments.
The tables below show parts of the consolidated balance sheet and income statement broken down by operating segment: Personal Care, Tissue and Forest Products.
SEKm |
Personal Care |
Tissue |
Forest Products |
Other operations |
Eliminations |
Total, Group |
2015 fiscal year |
|
|
|
|
|
|
|
|
|
|
|
|
|
REVENUES |
|
|
|
|
|
|
TB1:2 External sales |
34,344 |
64,184 |
16,797 |
–9 |
– |
115,316 |
Internal sales |
– |
– |
482 |
– |
–482 |
– |
IS Total revenues |
34,344 |
64,184 |
17,279 |
–9 |
–482 |
115,316 |
|
|
|
|
|
|
|
RESULT |
|
|
|
|
|
|
Performance by operating segment |
3,990 |
7,217 |
2,605 |
–798 |
– |
13,014 |
TB1:1 Items affecting comparability |
–614 |
–618 |
–1,280 |
445 |
– |
–2,067 |
IS Operating profit/loss |
3,376 |
6,599 |
1,325 |
–353 |
– |
10,947 |
IS Financial income |
|
|
|
|
|
205 |
IS Financial expenses |
|
|
|
|
|
–1,160 |
IS Tax expense for the period |
|
|
|
|
|
–2,540 |
IS Profit for the period |
|
|
|
|
|
7,452 |
|
|
|
|
|
|
|
OTHER DISCLOSURES |
|
|
|
|
|
|
Assets |
20,871 |
75,825 |
48,719 |
3,664 |
–5,006 |
144,073 |
BS Holdings in associates |
301 |
727 |
34 |
16 |
– |
1,078 |
Unallocated financial assets |
|
|
|
7,221 |
|
7,221 |
BS Total assets |
21,172 |
76,552 |
48,753 |
10,901 |
–5,006 |
152,372 |
Investments/acquisitions |
–1,810 |
–3,695 |
–1,913 |
–247 |
– |
–7,665 |
Depreciation/amortization |
–1,124 |
–3,552 |
–1,194 |
–91 |
– |
–5,961 |
Expenses, in addition to depreciation, not matched by payments |
6 |
24 |
–479 |
–15 |
– |
–464 |
SEKm |
Personal Care |
Tissue |
Forest Products |
Other operations |
Eliminations |
Total, Group |
2014 fiscal year |
|
|
|
|
|
|
|
|
|
|
|
|
|
REVENUES |
|
|
|
|
|
|
TB1:2 External sales |
31,066 |
56,994 |
16,066 |
–72 |
– |
104,054 |
Internal sales |
0 |
0 |
424 |
27 |
–451 |
– |
IS Total revenues |
31,066 |
56,994 |
16,490 |
–45 |
–451 |
104,054 |
|
|
|
|
|
|
|
RESULT |
|
|
|
|
|
|
Performance by operating segment |
3,526 |
6,652 |
2,505 |
–834 |
– |
11,849 |
TB1:1 Items affecting comparability |
–252 |
–599 |
–392 |
–157 |
– |
–1,400 |
IS Operating profit/loss |
3,274 |
6,053 |
2,113 |
–991 |
– |
10,449 |
IS Financial income |
|
|
|
|
|
217 |
IS Financial expenses |
|
|
|
|
|
–1,178 |
IS Tax expense for the period |
|
|
|
|
|
–2,420 |
IS Profit for the period |
|
|
|
|
|
7,068 |
|
|
|
|
|
|
|
OTHER DISCLOSURES |
|
|
|
|
|
|
Assets |
21,363 |
76,768 |
49,048 |
2,870 |
–4,617 |
145,432 |
BS Holdings in associates |
33 |
90 |
39 |
926 |
– |
1,088 |
Unallocated financial assets |
|
|
|
8,216 |
|
8,216 |
BS Total assets |
21,396 |
76,858 |
49,087 |
12,012 |
–4,617 |
154,736 |
Investments/acquisitions |
–1,574 |
–2,827 |
–1,704 |
–135 |
– |
–6,240 |
Depreciation/amortization |
–1,039 |
–3,157 |
–1,206 |
–76 |
– |
–5,478 |
Expenses, in addition to depreciation, not matched by payments |
2 |
–6 |
–953 |
–6 |
– |
–963 |
SEKm |
Personal Care |
Tissue |
Forest Products |
Other operations |
Eliminations |
Total, Group |
2013 fiscal year |
|
|
|
|
|
|
|
|
|
|
|
|
|
REVENUES |
|
|
|
|
|
|
External sales |
29,486 |
48,234 |
15,158 |
–5 |
– |
92,873 |
Internal sales |
250 |
–138 |
367 |
100 |
–579 |
– |
IS Total revenues |
29,736 |
48,096 |
15,525 |
95 |
–579 |
92,873 |
|
|
|
|
|
|
|
RESULT |
|
|
|
|
|
|
Performance by operating segment |
3,519 |
5,724 |
1,843 |
–705 |
– |
10,381 |
TB1:1 Items affecting comparability |
–59 |
–656 |
–236 |
–288 |
– |
–1,239 |
IS Operating profit/loss |
3,460 |
5,068 |
1,607 |
–993 |
– |
9,142 |
IS Financial income |
|
|
|
|
|
132 |
IS Financial expenses |
|
|
|
|
|
–1,193 |
IS Tax expense for the period |
|
|
|
|
|
–2,220 |
IS Profit for the period |
|
|
|
|
|
5,861 |
|
|
|
|
|
|
|
OTHER DISCLOSURES |
|
|
|
|
|
|
Assets |
18,658 |
69,544 |
49,733 |
3,037 |
–4,528 |
136,444 |
BS Holdings in associates |
18 |
187 |
54 |
761 |
– |
1,020 |
Unallocated financial assets |
|
|
|
7,512 |
|
7,512 |
BS Total assets |
18,676 |
69,731 |
49,787 |
11,310 |
–4,528 |
144,976 |
Investments/acquisitions |
–1,068 |
–8,072 |
–1,939 |
–62 |
– |
–11,141 |
Depreciation/amortization |
–1,003 |
–2,690 |
–1,253 |
–59 |
– |
–5,005 |
Expenses, in addition to depreciation, not matched by payments |
–1 |
–4 |
–1,164 |
2 |
– |
–1,167 |
SEKm |
Personal Care |
Tissue |
Forest Products |
Other |
Total |
|
|
|
|
|
|
2015 fiscal year |
|
|
|
|
|
Restructuring costs |
–72 |
–289 |
–52 |
–319 |
–732 |
Costs |
–1 |
–70 |
0 |
–71 |
–142 |
Impairment |
–541 |
–259 |
–1,228 |
–135 |
–2,163 |
Gain/loss on sale of securities |
|
|
|
970 |
970 |
IS Total |
–614 |
–618 |
–1,280 |
445 |
–2,067 |
|
|
|
|
|
|
2014 fiscal year |
|
|
|
|
|
Restructuring costs |
–144 |
–257 |
12 |
–4 |
–393 |
Costs |
–50 |
–311 |
– |
–151 |
–512 |
Impairment |
–58 |
–31 |
–404 |
–2 |
–495 |
IS Total |
–252 |
–599 |
–392 |
–157 |
–1,400 |
|
|
|
|
|
|
2013 fiscal year |
|
|
|
|
|
Restructuring costs |
–51 |
–710 |
–158 |
–44 |
–963 |
Costs |
– |
179 |
2 |
–246 |
–65 |
Impairment |
–8 |
–125 |
–80 |
2 |
–211 |
IS Total |
–59 |
–656 |
–236 |
–288 |
–1,239 |
Operating segments: SCA is a leading global hygiene and forest products company that develops and produces sustainable personal care, tissue and forest products. These product groups are the primary lines of business. Personal Care comprises three product segments and offers incontinence products, baby diapers and feminine care products. Tissue comprises consumer tissue and Away-from-Home (AfH) tissue encompassing hospitals, large workplaces, restaurants and hotels. Consumer tissue comprises toilet paper, kitchen paper, facial tissues, handkerchiefs and napkins. In AfH tissue, SCA develops and sells complete hygiene solutions comprising dispensers, tissue, soap, service and maintenance. Forest Products sells paper for packaging and print, pulp, solid-wood products and renewable energy. SCA has a well-integrated value chain in Sweden between its forest assets and Forest Products’ production facilities. Pulp production contributes to the Group’s raw material integration, since the Group’s pulp is partly delivered internally. The Group’s pulp is partly produced from timber from the Group’s own forests, which also, to a large extent, supply the sawmills.
Assets and liabilities: The assets included in each operating segment comprise all operating assets used in the operating segment, primarily trade receivables, inventories and non-current assets after deduction for operating liabilities and provisions. Most of the assets are directly attributable to each operating segment. Assets that are common to two or more operating segments are allocated among the operating segments.
Intra-Group deliveries: Revenues, expenses and results for the various operating segments were affected by intra-Group deliveries. Internal prices are market-based. Intra-Group deliveries are eliminated when preparing the consolidated financial statements.
Customers: SCA has no customers from which it generates income that accounts for more than 10% of the company’s net sales. SCA’s ten largest customers account for 22.5% (21; 21) of the company’s sales.
|
Net sales |
|
Average number of employees |
|
Non-current assets 1) |
|||||||||||
|
2015 |
|
2014 |
|
|
|
|
|
|
2015 |
|
214 |
||||
|
SEKm |
% |
|
SEKm |
% |
|
2015 |
Of whom women, % |
2014 |
Of whom women, % |
|
SEKm |
|
SEKm |
||
|
||||||||||||||||
Sweden |
5,764 |
5 |
|
5,524 |
5 |
|
5,481 |
27 |
5,576 |
26 |
|
46,465 |
|
44,659 |
||
EU excl. Sweden |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
Germany |
12,007 |
11 |
|
11,442 |
11 |
|
3,382 |
19 |
3,391 |
18 |
|
5,839 |
|
6,244 |
||
UK |
11,728 |
10 |
|
9,881 |
9 |
|
1,767 |
18 |
1,798 |
17 |
|
4,998 |
|
5,127 |
||
France |
10,205 |
10 |
|
9,804 |
9 |
|
2,677 |
24 |
2,755 |
23 |
|
5,331 |
|
5,889 |
||
Spain |
5,864 |
5 |
|
5,556 |
5 |
|
1,173 |
24 |
1,137 |
24 |
|
3,812 |
|
4,041 |
||
Netherlands |
3,483 |
3 |
|
3,293 |
3 |
|
1,260 |
16 |
1,254 |
15 |
|
3,030 |
|
3,022 |
||
Italy |
3,332 |
3 |
|
3,098 |
3 |
|
830 |
22 |
812 |
22 |
|
2,043 |
|
2,179 |
||
Belgium |
1,943 |
2 |
|
1,843 |
2 |
|
373 |
23 |
382 |
24 |
|
770 |
|
2,856 |
||
Finland |
1,785 |
2 |
|
1,687 |
2 |
|
321 |
27 |
362 |
28 |
|
819 |
|
812 |
||
Austria |
1,629 |
1 |
|
1,548 |
1 |
|
628 |
18 |
635 |
19 |
|
707 |
|
745 |
||
Denmark |
1,510 |
1 |
|
1,446 |
1 |
|
84 |
63 |
83 |
63 |
|
3 |
|
1 |
||
Poland |
1,113 |
1 |
|
967 |
1 |
|
625 |
26 |
606 |
24 |
|
882 |
|
912 |
||
Hungary |
795 |
1 |
|
649 |
1 |
|
136 |
57 |
137 |
57 |
|
3 |
|
4 |
||
Greece |
673 |
1 |
|
781 |
1 |
|
53 |
46 |
66 |
41 |
|
64 |
|
70 |
||
Czech Republic |
564 |
0 |
|
522 |
1 |
|
68 |
59 |
71 |
60 |
|
– |
|
– |
||
Portugal |
492 |
0 |
|
587 |
1 |
|
23 |
57 |
26 |
60 |
|
68 |
|
70 |
||
Ireland |
477 |
0 |
|
452 |
0 |
|
17 |
30 |
23 |
25 |
|
26 |
|
28 |
||
Romania |
257 |
0 |
|
275 |
0 |
|
24 |
67 |
26 |
69 |
|
– |
|
1 |
||
Slovakia |
254 |
0 |
|
234 |
0 |
|
761 |
30 |
779 |
32 |
|
580 |
|
593 |
||
Lithuania |
226 |
0 |
|
209 |
0 |
|
23 |
42 |
23 |
42 |
|
– |
|
1 |
||
Rest of EU |
1,043 |
1 |
|
978 |
1 |
|
37 |
64 |
21 |
76 |
|
1 |
|
17 |
||
Total |
59,380 |
52 |
|
55,254 |
53 |
|
14,262 |
22 |
14,385 |
22 |
|
28,976 |
|
32,612 |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
Rest of Europe |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
Russia |
3,024 |
3 |
|
3,120 |
3 |
|
1,296 |
41 |
1,275 |
41 |
|
1,432 |
|
1,652 |
||
Norway |
1,741 |
2 |
|
1,802 |
2 |
|
105 |
64 |
135 |
68 |
|
2 |
|
0 |
||
Switzerland |
1,325 |
1 |
|
1,242 |
1 |
|
29 |
58 |
29 |
49 |
|
82 |
|
87 |
||
Turkey |
725 |
0 |
|
810 |
1 |
|
264 |
18 |
221 |
19 |
|
430 |
|
435 |
||
Ukraine |
300 |
0 |
|
268 |
0 |
|
67 |
54 |
73 |
52 |
|
1 |
|
2 |
||
Other |
305 |
0 |
|
273 |
0 |
|
– |
– |
– |
– |
|
– |
|
– |
||
Total |
7,420 |
6 |
|
7,515 |
7 |
|
1,761 |
39 |
1,733 |
41 |
|
1,947 |
|
2,176 |
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
Rest of world |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
US |
10,459 |
10 |
|
8,389 |
8 |
|
2,497 |
25 |
2,507 |
25 |
|
7,806 |
|
7,655 |
||
China |
9,562 |
9 |
|
6,976 |
7 |
|
8,166 |
47 |
8,222 |
48 |
|
13,131 |
|
12,346 |
||
Mexico |
4,140 |
4 |
|
3,406 |
3 |
|
2,438 |
27 |
2,418 |
26 |
|
3,666 |
|
4,143 |
||
Colombia |
3,513 |
4 |
|
3,492 |
3 |
|
3,154 |
31 |
3,091 |
31 |
|
1,880 |
|
2,224 |
||
Canada |
1,479 |
1 |
|
1,302 |
1 |
|
281 |
36 |
292 |
37 |
|
224 |
|
294 |
||
Ecuador |
1,402 |
1 |
|
1,242 |
1 |
|
1,148 |
41 |
1,108 |
50 |
|
263 |
|
241 |
||
Malaysia |
1,343 |
1 |
|
1,123 |
1 |
|
1,306 |
56 |
1,275 |
57 |
|
762 |
|
871 |
||
Japan |
1,324 |
1 |
|
1,328 |
1 |
|
112 |
77 |
118 |
79 |
|
5 |
|
6 |
||
Chile |
1,095 |
1 |
|
933 |
1 |
|
647 |
17 |
637 |
15 |
|
792 |
|
892 |
||
Hong Kong |
1,068 |
1 |
|
931 |
1 |
|
5 |
40 |
19 |
66 |
|
– |
|
– |
||
Brazil |
563 |
1 |
|
514 |
0 |
|
501 |
39 |
501 |
43 |
|
411 |
|
222 |
||
Costa Rica |
519 |
0 |
|
410 |
0 |
|
88 |
46 |
83 |
46 |
|
3 |
|
3 |
||
Argentina |
451 |
0 |
|
296 |
0 |
|
302 |
40 |
298 |
39 |
|
63 |
|
86 |
||
Taiwan |
400 |
0 |
|
349 |
0 |
|
276 |
43 |
300 |
43 |
|
552 |
|
713 |
||
South Africa |
371 |
0 |
|
346 |
0 |
|
108 |
45 |
143 |
45 |
|
1 |
|
65 |
||
Morocco |
346 |
0 |
|
377 |
0 |
|
– |
– |
– |
– |
|
– |
|
– |
||
Tunisia |
342 |
0 |
|
301 |
0 |
|
864 |
12 |
880 |
11 |
|
180 |
|
137 |
||
Singapore |
252 |
0 |
|
245 |
0 |
|
32 |
69 |
30 |
68 |
|
8 |
|
8 |
||
India |
224 |
0 |
|
85 |
0 |
|
185 |
6 |
106 |
10 |
|
175 |
|
158 |
||
Peru |
220 |
0 |
|
163 |
0 |
|
10 |
63 |
24 |
82 |
|
– |
|
1 |
||
Dominican Republic |
216 |
0 |
|
159 |
0 |
|
107 |
36 |
102 |
45 |
|
8 |
|
9 |
||
Egypt |
203 |
0 |
|
313 |
0 |
|
4 |
– |
1 |
– |
|
2 |
|
2 |
||
Other |
3,260 |
3 |
|
3,083 |
4 |
|
265 |
36 |
405 |
52 |
|
183 |
|
186 |
||
Total |
42,752 |
37 |
|
35,761 |
34 |
|
22,496 |
37 |
22,553 |
39 |
|
30,115 |
|
30,262 |
||
Total, Group |
115,316 |
100 |
|
104,054 |
100 |
|
44,000 |
31 |
44,247 |
32 |
|
107,503 |
|
109,710 |
||