Notes to the consolidated financial statements
1. INFORMATION BY SEGMENT
The reporting segments of Alma Media are Digital Consumer Services, Financial Media and Business Services, National Consumer Media and Regional Media. Segment information is based on internal management reporting, which has been prepared in accordance with IFRS. There were no changes to the Group’s segment reporting in 2015.
The Group has five operating segments as shown in the table below. The operating segments that offer similar services are combined into reportable segments due to their uniform profitability and other characteristics.
REPORTABLE SEGMENT: OPERATING SEGMENT:
Digital Consumer Services Marketplaces
Diverso
Financial Media and Business Services Financial Media and Business Services
National Consumer Media National Consumer Media
Regional Media Regional Media
The Digital Consumer Services segment reports on the online classified services of the Marketplaces operating segment, which includes Etuovi.com, Vuokraovi.com, Monster.fi, Autotalli.com and Gofinland.com in Finland, as well as Jobs.cz, Prace.cz, Topjobs.sk, CV Online, Profesia.sk and MojPosao.net abroad. The segment also contains digital consumer services such as Telkku.com, Kotikokki.net, E-kontakti.fi, and Meedio.fi included in the operating segment of Alma Diverso.

The Financial Media and Business Services segment specialises in the production of financial information as well as providing information and marketing solutions for businesses. Its best-known product is Finland’s leading business paper, Kauppalehti, and the business operations of Talentum Corporation, acquired in November. Also reported in the segment is Objektvision.se, which operates in Sweden. In September 2015, Alma Media Group sold the customer and and media communications solutions provider Alma 360.

The National Consumer Media segment reports the various publishing services of IL-Media.

The Regional Media segment reports the publishing activities of more than 30 newspapers and the Group’s printing and distribution company Alma Manu. The segment’s best-known title is Aamulehti.

The operations of the Group’s parent company, Talentum Corporation and the Group’s centralised sales unit Alma Media Solutions are reported as unallocated items.
The segments’ assets and liabilities are items used by the respective segments in their business operations
The Group’s business is mainly divided between two geographical areas: Finland and the rest of Europe. Digital Consumer Services operates in Finland and seven other European countries, principally the Czech Republic and Slovakia. The Financial Media and Business Services segment’s business operations are located in Finland, the Baltic countries and Sweden. The National Consumer Media and Regional Media segments operate mainly in Finland.

The revenue and assets for different geographical regions are based on where the services are located. The following table shows a geographical breakdown of the Group’s revenue and assets in 2015 and 2014:
REVENUE
MEUR 2015 Share
of
total,
%
2014 Share of
total, %
Segments, Finland 235.3 80.7 251.7 85.2
Segments, other countries 44.6 15.3 37.3 12.6
Segments total 279.9 96.0 288.9 97.8
Non-allocated and eliminations 11.6 4.0 6.5 2.2
Total 291.5 100.0 295.4 100.0
OPERATING PROFIT
MEUR 2015 Share
of
total,
%
2014 Share of
total, %
Segments, Finland 16.8 95.3 23.3 112.9
Segments, other countries 10.6 59.8 5.2 25.4
Segments total 27.4 155.1 28.6 138.3
Non-allocated -9.7 -55.1 -7.9 -38.3
Total 17.7 100.0 20.7 100.0
ASSETS
MEUR 2015 Share
of
total,
%
2014 Share of
total, %
Finland 215.2 65.6 162.6 63.5
Other countries 113.0 34.4 93.5 36.5
Total 328.2 100.0 256.1 100.0
REVENUE
MEUR Digital Consumer Services Financial Media and Business Services National Consumer Media Regional Media Segments, total Non-allocated items and eliminations Group
Financial year 2015
Revenue
External revenue 60.3 56.3 35.1 128.0 279.6 11.9 291.5
Inter-segment revenue 1.4 2.2 6.6 6.4 16.6 -16.6
Total 61.7 58.5 41.6 134.4 296.2 -4.6 291.5
Financial year 2014
Revenue
External revenue 54.4 52.0 44.4 137.7 288.5 6.9 295.4
Inter-segment revenue 1.4 1.1 2.5 7.5 12.5 -12.5
Total 55.8 53.0 46.9 145.2 301.0 -5.6 295.4
PROFIT FOR THE PERIOD
MEUR Digital Consumer Services Financial Media and Business Services National Consumer Media Regional Media Segments, total Non-allocated items and eliminations Group
Financial year 2015
EBITDA excluding non-recurring items 18.7 9.0 2.5 12.3 42.5 -5.1 37.4
Depreciation, amortisation and impairment excluding non-recurring items 5.3 1.0 0.0 3.4 9.7 4.4 14.0
Operating profit excluding non-recurring items 13.4 8.0 2.5 8.9 32.9 -9.5 23.4
Non-recurring items -1.1 -1.0 -0.3 -3.0 -5.5 -0.3 -5.7
Operating profit/loss 12.4 6.9 2.2 5.9 27.4 -9.7 17.7
Share of results in associated companies 0.3 1.0 -0.0 1.3 0.3 1.6
Net finance expenses -6.8 -1.2 0.0 -0.2 -8.2 5.7 -2.5
Income before tax 5.9 6.7 2.2 5.7 20.5 -3.7 16.8
Income tax -4.7 -4.7
Profit for the period 5.9 6.7 2.2 5.7 20.5 -8.4 12.1
Impairments 1.1 1.2 0.5 2.8 2.8
Financial year 2014
EBITDA excluding non-recurring items 14.8 7.1 3.8 14.7 40.3 -5.1 35.1
Depreciation, amortisation and impairment charges 5.6 0.4 0.1 5.1 11.1 2.6 13.7
Operating profit excluding non-recurring items 9.2 6.7 3.7 9.6 29.1 -7.7 21.4
Non-recurring items 1.6 -0.2 -0.6 -1.3 -0.6 -0.2 -0.7
Operating profit/loss 10.7 6.5 3.1 8.3 28.6 -7.9 20.7
Share of results in associated companies 0.0 1.0 0.0 1.1 0.7 1.7
Net finance expenses -2.0 -0.8 0.0 -0.1 -2.9 0.1 -2.7
Income before tax 8.8 6.7 3.1 8.2 26.8 -7.1 19.7
Income tax -4.0 -4.0
Profit for the period 8.8 6.7 3.1 8.2 26.8 -11.1 15.7
Impairments 0.2 0.5 1.3 2.0 2.0
ASSETS AND LIABILITIES
MEUR Digital Consumer Services Financial Media and Business Services National Consumer Media Regional Media Segments, total Non-allocated items and eliminations Group
Financial year 2015
Assets 86.0 113.2 2.8 63.2 265.2 56.2 321.4
Investments in associated companies and joint ventures 0.1 1.0 0.1 1.2 5.6 6.8
Assets total 86.2 114.2 2.8 63.2 266.5 61.8 328.2
Liabilities, total 17.2 33.5 2.5 64.6 117.8 81.7 199.5
Capital expenditure 3.3 53.7 0.2 1.4 58.6 1.6 60.2
Financial year 2014
Assets 89.7 17.1 3.6 67.8 178.2 52.3 230.5
Investments in associated companies and joint ventures -0.1 17.9 0.1 17.8 7.8 25.7
Assets total 89.5 35.0 3.6 67.8 196.0 60.2 256.1
Liabilities, total 16.6 9.6 5.1 67.3 98.7 53.8 152.5
Capital expenditure 10.5 1.2 0.3 1.1 13.0 1.4 14.4
Assets not allocated to segments are financial assets and tax receivables.
Liabilities not allocated to segments are financial and tax liabilities.