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Annual Report 2016

V. Notes to the Segment Report

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    Technology Services Consolidated/ not allocated Group
    € '000 € '000 € '000 € '000
External revenue 2016 103,623 48,169 0 151,792
2015 81,457 41,381 0 122,838
Inter-segment revenue 2016 0 1,443 -1,443 0
2015 0 1,313 -1,313 0
Segment result 2016 2,873 6,858 0 9,731
2015 2,116 6,836 0 8,952
Depreciation and amortisation 2016 3,672 642 0 4,314
2015 2,539 696 0 3,235

Segment information is provided on the basis of the business segments for internal reporting purposes. Segmentation according to the Technology and Services Divisions is performed in agreement with the internal reporting structure of the technotrans Group.

The Technology segment generates revenue through the sale of equipment and systems in the field of liquid technology, in the application areas of temperature control, filtering separating as well as spraying and pumping. The Services segment generates revenue through after-sales service activities, installation, maintenance, servicing and the supplying of spare parts, as well as through compiling technical documentation and producing and selling software for the compilation of documentation. The revenue generated by gds Sprachenwelt GmbH from translation services is equally allocated to the Services segment.

The revenue amounting to € 151,792 thousand (2015: € 122,838 thousand) comprises € 80,007 thousand (2015: € 61,413 thousand) generated in Germany and € 71,785 thousand (2015: € 61,425 thousand) generated internationally. € 14,502 thousand was achieved in the USA and € 4,633 thousand in China. Revenue is classified on the basis of the domicile of the customer with which the revenue is realised.

The non-current assets amounting to € 52,049 thousand (2015: € 25,264 thousand) can be broken down by region as follows: Germany € 50,100 thousand (2015: € 24,106 thousand) and international € 1,949 thousand (2015: € 1,158 thousand).

The delivery prices for transactions between the segments are generally agreed on the same basis as transactions between a group company and a third party.

The segment information comprises both directly allocable amounts and amounts that can reasonably be split. No reconciliation between the segment and consolidated data is required, as the figures in the segment information coincide with those in the Consolidated Income Statement and Cash Flow Statement. The result for the segments corresponds to the earnings before interest and taxes (EBIT) in the Income Statement. The accumulated result for both segments of € 9,731 thousand (2015: € 8,952 thousand), reduced by the net finance costs reported in the Income Statement of € -575 thousand (2015: € -261 thousand), produces the accounting profit of € 9,156 thousand (2015: € 8,691 thousand).

Within the group’s total revenues, one customer of the Technology and Services group segments accounts for € 22 million of the group’s total revenues.