Relevant GRI Indicators

G2 Segment information

Information on business segments/business areas, continuing operations

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2019

SMRT

SMM

SMT

Other operations

Group activities

Elimina­tions

Group total

Revenue

 

 

 

 

 

 

 

External revenue

44,777

41,123

15,279

2,059

–

–

103,238

Internal revenue

16

399

486

0

–

–901

–

Total

44,793

41,522

15,766

2,059

–

–901

103,238

Share of results of associated companies

9

–

0

–

–

–

9

Operating profit (loss) by associated areas

8,602

8,380

1,444

–4,263

–776

–

13,386

Net financial items

–

–

–

–

–

–

–1,237

Income tax expense for the year

–

–

–

–

–

–

–3,421

Profit for the year

8,617

8,318

1,436

–4,268

–780

–

8,728

 

 

 

 

 

 

 

 

Other disclosures

 

 

 

 

 

 

 

Assets

37,472

39,167

16,830

1,565

1,600

–

96,634

Investments in associates

103

189

–

–

–

–

292

Total assets

37,575

39,356

16,830

1,565

1,600

–

96,926

Unallocated assets

–

–

–

–

–

–

23,240

Group total assets

–

–

–

–

–

–

120,166

Liabilities

11,061

8,911

4,016

606

1,476

 

26,070

Unallocated liabilities

–

–

–

–

–

–

32,187

Group total liabilities

–

–

–

–

–

–

58,258

Capital expenditure

857

2,284

687

75

233

–

4,136

Depreciation/amortization

–1,694

–2,646

–861

–300

–203

–

–5,704

Impairment losses

–66

–35

–142

–4,121

–

–

–4,364

Other non-cash expenses

–563

481

–32

–81

621

–

428

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2020

SMRT

SMM

SMT

Other operations

Group activities

Elimina­tions

Group total

Revenue

 

 

 

 

 

 

 

External revenue

40,032

32,477

13,598

297

–

–

86,404

Internal revenue

9

323

327

–

–

–659

–

Total

40,041

32,799

13,925

297

–

–659

86,404

Share of results of associated companies

2

4

–

–

–

–

6

Operating profit (loss) by associated areas

7,389

4,606

492

–578

–694

–

11,216

Net financial items

–

–

–

–

–

–

54

Income tax expense for the year

–

–

–

–

–

–

–2,517

Profit for the year

7,433

4,550

486

–579

–696

–

8,753

 

 

 

 

 

 

 

 

Other disclosures

 

 

 

 

 

 

 

Assets

34,411

37,980

15,125

84

1,446

–

89,046

Investments in associates

89

174

–

–

244

–

508

Total assets

34,500

38,153

15,125

84

1,691

–

89,554

Unallocated assets

–

–

–

–

–

–

29,460

Group total assets

–

–

–

–

–

–

119,014

Liabilities

10,856

8,748

3,804

115

1,072

 

24,594

Unallocated liabilities

–

–

–

–

–

–

29,299

Group total liabilities

–

–

–

–

–

–

53,894

Capital expenditure

–722

–1,876

–516

0

–83

–

–3,197

Depreciation/amortization

–1,720

–2,700

–838

–1

–256

–

–5,515

Impairment losses

–286

–116

48

2

–98

–

–450

Other non-cash expenses

–802

918

383

507

16

–

1,022

All transactions between the business areas are on market terms. For information regarding business combinations, see note G31.

Information by country, continuing operations

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Revenue by country

2019

2020

USA

15,792

13,076

Australia

6,756

7,404

China

6,943

7,315

Germany

7,104

5,837

Russia

4,679

3,583

Canada

4,351

3,574

Sweden

3,596

3,259

Italy

3,827

2,943

South Africa

3,356

2,655

UK

3,889

2,515

Mexico

3,458

2,392

France

3,295

2,349

India

3,025

2,275

Japan

2,242

1,843

Brazil

1,713

1,454

Indonesia

2,111

1,406

Austria

1,238

1,117

Ghana

769

1,027

Spain

1,270

984

Norway

1,275

973

Finland

1,078

970

Poland

1,389

967

Chile

1,545

962

Korea

1,144

957

Other countries

17,393

14,567

Total

103,238

86,404

Revenue is specified by country based on where the customers are.

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Non-current assets by country

2019

2020

Sweden

13,918

13,151

USA

7,380

8,964

France

4,556

4,330

Germany

4,124

3,904

Austria

2,642

2,524

Finland

2,344

2,213

UK

2,179

1,940

China

1,839

1,598

India

1,290

1,489

Canada

1,460

1,297

Czech Republic

940

980

Australia

897

857

Italy

641

664

Japan

656

581

Netherlands

396

370

Other countries

3,628

3,009

Total

48,888

47,871

Non-current assets are specified by country based on where the assets are located. Non-current assets consists of intangible assets, property, plant and equipment and right-of-use assets.

Accounting principles

Reporting of operating segments

Sandvik’s business is organized in a manner that allows the Group’s chief operating decision-maker, meaning the CEO, to monitor results, return and cash flow generated by the various products and services in the Group. Each operating segment has a president that is responsible for day-to-day activities and who regularly reports to the CEO regarding the results of the operating segment’s work and the need for resources. Since the CEO monitors the business’ result and decides on the distribution of resources based on the products the Group manufactures and sells and the services it provides, these constitute the Group’s operating segments.

The Group’s operations are organized in a number of business areas based on products and services. The market organization also reflects this structure.

Segment information in accordance with IFRS8 is only provided for the Group.

Segment results, assets and liabilities include only those items that are directly attributable to the segment and the relevant portions of items that can be allocated on a reasonable basis to the segments. Unallocated items comprise interest, gains on disposal of financial investments, interest expense, losses on the disposal of financial investments, income tax expense and certain administrative expenses.

Unallocated assets and liabilities include income- and deferred tax receivables and payables, financial investments and financial liabilities.