05 | operating segments

In mid-2015 the group adjusted its organisational structure. The organisation adopted a country structure relating to the countries within which the group operates (the structure previously focused on the applicable product-market combinations). The monthly information reported to the Executive Board, as chief operating decision maker, is in line with this. Group results are divided into the countries and are then further analysed by segment (General Staffing, Specialist Staffing, Professionals and Online Business Solutions). The Executive Board bases its decisions on this information.

As a result the explanatory notes on the operating segments have been adjusted compared to the 2014 financial statements. The comparative figures for the 2014 financial year have also been adjusted.

The Executive Board evaluates the segments mainly on their revenue and EBITA. Finance results are not attributed to the segments due to the fact that cash resources are managed by the central Treasury department. The breakdown of the finance results and net income are therefore not provided. A number of operating segments, including Online Business Solutions, have been incorporated in ‘other’ due to their size. Revenue between operating segments is not material and is therefore not stated separately.

5.1. Segmentation of income

2015

REVENUE

DEPRECIATION

EBITA

AMORTISATION
AND
IMPAIRMENT

OPERATING INCOME

General Staffing

620,813

-6,040

15,250

-4,388

10,862

Specialist Staffing

388,431

-3,984

23,725

-

23,725

Professionals

93,146

-1,001

1,327

-773

554

Other

8,395

-576

533

-625

-92

The Netherlands

1,110,785

-11,601

40,835

-5,786

35,049

General Staffing

435,809

-3,594

19,874

-

19,874

Specialist Staffing

203,854

-1,520

21,282

-139

21,143

Other

45,991

-490

-502

-231

-733

Belgium

685,654

-5,604

40,654

-370

40,284

General Staffing

514,647

-826

9,498

-

9,498

Other

4,662

-18

-527

-96

-623

France

519,309

-844

8,971

-96

8,875

Specialist Staffing

231,594

-634

5,771

-1,255

4,516

Other

1,013

-26

-2,596

-

-2,596

Germany

232,607

-660

3,175

-1,255

1,920

Other

2,312

-164

-1,368

-373

-1,741

Corporate

-

-161

-20,593

-1

-20,594

TOTAL

2,550,667

-19,034

71,674

-7,881

63,793

2014

REVENUE

DEPRECIATION

EBITA

AMORTISATION
AND
IMPAIRMENT

OPERATING INCOME

General Staffing

550,240

-5,701

17,484

-277

17,207

Specialist Staffing

366,025

-4,720

15,736

-

15,736

Professionals

93,445

-1,055

4,385

-904

3,481

Other

6,098

-305

1,379

-364

1,015

The Netherlands

1,015,808

-11,781

38,984

-1,545

37,439

General Staffing

386,013

-3,351

13,435

-

13,435

Specialist Staffing

188,260

-1,457

18,723

-208

18,515

Other

44,548

-372

469

-20

449

Belgium

618,821

-5,180

32,627

-228

32,399

General Staffing

482,823

-897

23,153

-

23,153

Other

3,689

-25

-740

-287

-1,027

France

486,512

-922

22,413

-287

22,126

Specialist Staffing

225,649

-621

2,501

-4,284

-1,783

Other

292

-6

-1,182

-

-1,182

Germany

225,941

-627

1,319

-4,284

-2,965

Other

7,950

-85

-4,602

-27

-4,629

Corporate

-

-587

-17,197

-

-17,197

TOTAL

2,355,032

-19,182

73,544

-6,371

67,173

The various types of services distinguished, as described in the accounting policies in note 2.22, are provided in every segment. No clients have a material share of revenue.

The reconciliation of results per operating segment to net income from continuing operations is disclosed below:

2015

2014

Operating result in segmentation of income

63,793

67,173

Net finance costs

-15,364

-9,539

Share of income of associates

-2,528

-19

Income tax expense

-25,373

-29,501

NET INCOME FROM CONTINUING OPERATIONS

20,528

28,114

5.2. Segmentation of balance sheet

2015

PROPERTY, PLANT AND EQUIPMENT

GOODWILL

INTANGIBLE ASSETS

NET WORKING CAPITAL

TOTAL

General Staffing

3,399

98,935

17,650

711

120,695

Specialist Staffing

3,928

217,184

9,489

-10,889

219,712

Professionals

909

66,598

3,789

-4,173

67,123

Other

213

7,104

3,842

170

11,329

The Netherlands

8,449

389,821

34,770

-14,181

418,859

General Staffing

3,159

141,500

9,623

-35,390

118,892

Specialist Staffing

1,401

36,716

4,084

7,255

49,456

Other

165

13,092

2,733

2,423

18,413

Belgium

4,725

191,308

16,440

-25,712

186,761

General Staffing

2,102

-

688

-76,343

-73,553

Other

26

1,056

24

-179

927

France

2,128

1,056

712

-76,522

-72,626

Specialist Staffing

1,480

96,983

728

2,560

101,751

Other

121

-

12

-71

62

Germany

1,601

96,983

740

2,489

101,813

Other

1

-

2

138

141

Corporate

197

-

265

-5,752

-5,290

TOTAL

17,101

679,168

52,929

-119,540

629,658

2014

PROPERTY, PLANT AND EQUIPMENT

GOODWILL

INTANGIBLE ASSETS

NET WORKING CAPITAL

TOTAL

General Staffing

3,545

102,851

18,231

-10,605

114,022

Specialist Staffing

3,604

217,184

11,380

-13,119

219,049

Professionals

900

66,598

4,883

1,731

74,112

Other

128

7,104

4,663

545

12,440

The Netherlands

8,177

393,737

39,157

-21,448

419,623

General Staffing

2,319

141,500

7,902

-30,288

121,433

Specialist Staffing

1,052

36,716

3,854

-13,044

28,578

Other

164

13,092

3,124

-920

15,460

Belgium

3,535

191,308

14,880

-44,252

165,471

General Staffing

2,018

-

755

-55,442

-52,669

Other

22

1,056

135

-322

891

France

2,040

1,056

890

-55,764

-51,778

Specialist Staffing

1,634

96,983

1,956

-9,332

91,241

Other

8

-

9

28

45

Germany

1,642

96,983

1,965

-9,304

91,286

Other

176

-

393

643

1,212

Corporate

687

-

710

-388

1,009

TOTAL

16,257

683,084

57,995

-130,513

626,823

The reconciliation of assets per operating segment to the balance sheet is disclosed below:

2015

2014

Property, plant and equipment

17,101

16,257

Goodwill

679,168

683,084

Intangible assets

52,929

57,995

Trade and other receivables

382,206

294,383

Trade and other payables

-501,746

-424,896

TOTAL

629,658

626,823