I.A. Årsredovisning 2020 ENG 1
NOTE 4 NET SALES 1/1/202012/31/2020 Net sales dis
tribution Vehicle sales Workshop Spare parts in automotive operations Fee and commission income Elimination Other Net sales per geographic market Sweden Norway Belgium Other EU countries 20,712,732 1,790,652 2,606,474 433,997 -1,549,709 69,768 24,063,914 14,590,567 4,526,395 3,852,581 1,094,371 24,063,914 The internal performance monitoring is divided into different operating segments. The operating segments have been changed to a segmentation according to geographical markets instead of brands. This gives an improved true and fair view and reflects the internal reporting to the management. The markets are Sweden, Norway, and Belgium. All markets include both vehicle sales and after-market. The geographical segmentation is regarded as operating segments in accordance with IFRS 8. 1/1/201912/31/2019 19,747,842 1,800,997 2,304,773 409,943 -1,994,789 32,616 22,301,382 15,259,135 3,203,268 3,057,293 781,686 22,301,382 Vehicle 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. After market includes service and repairs, sales of spare parts and accessories and tire hotels. Operational earnings are defined as operating profit excluding items affecting comparability and amortization in surplus values. Sweden Norway 2020 Net sales EBITDA Depreciation Operational earnings Margin Amortization of surplus values Operating profit Operat ing margin Financial items Profit before tax Tax expense Profit of the period Investments in - fixed assets - Leasing vehicles 91,198 1,063,435 140,461 1,552,651 52,846 71,481 19,370 55,466 25,915 0 25,829 0 0 0 457 0 2019 14,982,030 15,637,644 927,800 -511,890 415,910 2.8% 774,398 -521,935 252,463 1.6% -17,081 398,829 2.7% -18,706 233,757 1.5% 2020 4,465,292 316,352 -35,321 281,031 6.3% -23,820 257,211 5.8% 2019 3,249,092 146,314 -48,479 97,835 3.0% -24,206 73,629 2.3% Belgium 2020 3,852,581 99,432 -32,105 67,327 1.7% -35,309 32,018 0.8% 2019 3,070,758 62,676 -23,565 39,111 1.3% -24,560 14,551 0.5% Segment reconciliat ion 2020 764,011 573,974 -533,505 40,469 0.0% Group 2019 2020 2019 343,888 24,063,914 22,301,382 572,937 1,917,558 804,737 3.3% 1,556,325 -534,667 -1,112,821 -1,128,646 38,270 0.0% 40,469 0.0% 38,270 0.0% -76,210 728,527 3.0% -217,082 511,445 -125,605 385,840 169,959 1,134,916 427,679 1.9% -67,472 360,207 1.6% -212,253 147,954 -44,646 103,308 186,117 1,608,117 I.A. HEDIN BIL AB / ANNUAL REPORT / 2020 61