Kesko's Annual Report 2009

Segment information 2008
Income statement
€ million Food trade
Building and
Home and home
speciality improvement
goods trade trade
Car and
machinery
trade
Kesko financial statements 2009
99
Common
operations Eliminations Total
Segment net sales 3,706.9 1,605.6 2,977.5 1,479.7 115.8 9,885.5
of which inter-segment sales -176.8 -24.5 -2.3 -1.0 -89.3 -294.0
Net sales from external customers 3,530.1 1,581.0 2,975.2 1,478.7 26.5 9,591.5
Other segment income 522.8 131.9 115.5 6.5 28.3 805.0
of which inter-segment income -66.3 -5.2 -1.5 -1.2 -0.7 -74.7
Other operating income from external customers 456.5 126.8 114.1 5.4 27.6 730.3
Depreciation and amortisation -44.7 -25.3 -35.2 -8.5 -3.5 0.3 -117.0
Impairments -15.5 -45.6 -61.1
Operating profit 185.5 63.6 19.4 30.5 -13.5 0.2 285.6
Non-recurring items 62.9 32.4 -37.0 0.1 10.3 68.7
Operating profit excl. non-recurring items 122.5 31.2 56.4 30.4 -23.8 0.2 217.0
Finance income and costs 1.0
Share of profit/loss from associates 1.9
Profit before tax and discontinued operations 288.5
Assets and liabilities
Tangible and intangible assets 543.2 299.5 417.1 71.1 23.4 24.9 1,379.2
Interests in associates 0.9 0.2 0.1 0.7 33.0 -0.6 34.2
Pension assets 159.8 45.0 42.3 27.6 25.5 300.3
Inventories 90.5 256.5 273.5 255.3 0.0 -4.8 871.0
Trade receivables 279.4 131.3 167.1 72.9 10.0 -27.5 633.1
Other non-interest-bearing receivables 34.1 23.9 50.7 13.6 41.8 -15.8 148.3
Interest-bearing receivables from external
customers 66.6 0.5 0.6 2.6 4.9 -1.9 73.2
Assets held for sale 1.9 1.0 3.0
Assets included in capital employed 1,174.6 756.9 953.3 443.8 139.5 -25.8 3,442.2
Unallocated items
Deferred tax assets 6.5
Financial assets at fair value through profit or loss 94.4
Available-for-sale financial assets 291.0
Cash and cash equivalents 57.8
Total assets 1,174.6 756.9 953.3 443.8 139.5 -25.8 3,891.9
Trade payables 349.0 138.9 205.5 78.9 4.6 -26.3 750.6
Other non-interest-bearing liabilities 160.9 107.2 93.5 47.6 56.2 -16.6 448.9
Provisions 8.2 7.1 4.7 15.3 8.3 43.6
Liabilities included in capital employed 518.1 253.2 303.8 141.9 69.1 -43.0 1,243.1
Unallocated items
Interest-bearing liabilities 490.6
Deferred tax liabilities 132.0
Total liabilities 518.1 253.2 303.8 141.9 69.1 -43.0 1,865.6
Total capital employed at 31 Dec. 656.5 503.7 649.5 301.9 70.4 17.1 2,199.2
Average capital employed
Return on capital employed
635.1 507.3 629.3 280.7 66.8 16.1 2,135.3
excl. non-recurring items,% 19.3 6.2 9.0 10.8 0 0 10.2
Investments 139.7 60.5 122.7 15.6 4.2 -4.3 338.4
Number of employees at 31 Dec. 3,830 8,229 10,972 1,402 235 24,668
Average number of employees 3,440 5,801 10,400 1,451 236 21,327