Year-end report 2020 I.A. 1
YEAR-END REPORT 2020 | I.A. HEDIN BIL AB | OCTOBE
R 1ST - DECEMBER 31ST Note 1 Reporting standards Note 1 Reporting standards The Interim report for the group has been prepared according to IAS 34 Interim Financial Reporting. The same accounting policies and calculation methods have been applied as in the most recent annual report. Note 2 Operating segments The Interim report for the group has been prepared according to IAS 34 Interim Financial Reporting. The same accounting policies and calculation methods have been applied as in the most recent annual report. Note 2 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 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. Vehicle sales cover the sale of new and pre-owned passenger cars, commercial vehicles and trucks, including commission income from financing and insurance. After-market covers service, workshop services and workshop products and spare parts. Vehicle sales cover the sale of new and pre-owned passenger cars, commercial vehicles and trucks, including commission income from financing and insurance. After-market covers service, workshop services and workshop products and spare parts. The effects of IFRS16 are reported under “Segment reconciliation”. Operational earnings are defined as operating profit excluding one-time costs and amortization in surplus values. The effects of IFRS16 are reported under “Segment reconciliation”. Operational earnings are defined as operating profit excluding one-time costs and amortization in surplus values. Sweden 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% Norway 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% 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 1,556,325 -534,667 -1,112,821 -1,128,646 38,270 0.0% 427,679 1.9% -67,472 360,207 1.6% -212,253 147,954 -44,646 103,308 186,117 1,608,117 16