AI Annual Report 2019 1
The internal performance monitoring is divided in
to different operating segments. The following operating segments have been identified, where Hedin Bil, Bavaria and Belgium are regarded as operating segments in accordance with IFRS 8. Hedin Bil refers to the sale of new and pre-owned vehicles and service activities in Sweden under the brand of Hedin Bil for passenger cars, commercial vehicles and trucks. It also includes additional services such as financing, insurance, private leasing, etc. Bavaria refers to the sale of new and pre-owned vehicles and service activities in Norway and Sweden under the brand of Bavaria for passenger vehicles. It also includes additional services such as financing, insurance, private leasing, etc. Belgium refers to the sale of new and pre-owned vehicles and service activities in Belgium under the brand of Hedin Automotive for passenger cars, commercial vehicles and trucks. It also includes additional services such as financing, insurance, etc. Car sales refers to the sale of new and pre-owned vehicles of passenger cars, commercial vehicles and trucks. It also includes additional services such as financing, insurance, private leasing, etc. Service market includes service and repairs, sales of spare parts and accessories and tire hotels. Operating segments Hedin Bil 2019 Net sales EBITDA Depreciation Operating profit Financial items Profit before tax Tax expense Profit of the period Investments in - fixed assets - Leasing vehicles 12,938,676 564,286 -397,802 166,484 2018 13,824,964 394,821 -263,868 130,953 2019 6,393,349 378,719 -233,913 144,806 Bavaria 2018 6,083,276 321,460 -213,551 107,909 2019 3,070,758 62,676 -48,124 14,552 Belgium 2018 1,124,190 10,410 -22,165 -11,745 Segment reconciliation 2019 2018 -101,401 550,644 -516,279 34,365 -79,090 2,128 -2,128 0 Group 2019 22,301,382 1,556,325 -1,196,118 360,207 -212,253 147,954 -44,646 103,308 2018 21,043,340 730,009 -502,902 227,107 -114,143 112,964 -26,108 86,856 127,771 1,054,167 167,118 530,145 32,060 553,950 31,894 303,457 25,829 21,942 457 3,565 186,117 1,608,117 224,519 833,602 Operating segments Vehicle sales After market 2019 Net sales EBITDA Depreciation Operating profit Financial items Profit before tax Tax expense Profit of the period Investments in - fixed assets - Leasing vehicles 20,395,543 725,703 -556,546 169,157 2018 19,705,876 528,016 -407,340 120,676 2019 4,358,377 261,968 -107,415 154,553 2018 3,507,863 201,993 -95,562 106,431 Segment reconciliation 2019 2018 -2,452,538 568,654 -532,157 36,497 -2,170,399 0 0 0 Group 2019 22,301,382 1,556,325 -1,196,118 360,207 -212,253 147,954 -44,646 103,308 2018 21,043,340 730,009 -502,902 227,107 -114,143 112,964 -26,108 86,856 58,079 1,608,117 47,521 833,602 128,038 149,300 186,117 1,608,117 196,821 833,602 I.A. HEDIN BIL AB / ANNUAL REPORT / 2019 59