09 CONSOLIDATED ANNUAL ACCOUNTS
NOTE 2 - SEGMENT INFORMATION CONSOLIDATED The Group’s primary reporting format is business areas and its secondary format is geographical distribution. For management purposes, the Group is organised into business units based on the market their customer operates in with different risk and rates of return. The Group and has five reportable segments as follows: a) Small and Medium Businesses (SMB) b) Enterprise c) Custom Solutions d) Retail e) IT & Hosting The SMB division offers small to medium sized businesses a complete range of business admin solutions; including web based ERP and invoicing, CRM solutions, purchasing management and e-commerce solutions Enterprise provides private enterprises with full-scale ERP and procurement systems along with public sector production systems for areas such as school administration and child protective services. Custom Solutions offer custom development to Government and Large accounts Retail offer full suite retail software and infrastructure IT & Hosting offer hosting services as well as IT operations to other Visma business units as well as external customers. Transfer prices between business segments are set at an arm’s length basis in a manner similar to transactions with third parties. Visma AS and national holding companies are disclosed under “Other”. Summarised financial information concerning each of the Company’s reportable business segments is as follows:
OPERATING SEGMENTS 2017
SMB
Enterprise
Custom Solutions
Retail
IT & Hosting
Other
Total
5 252 764
3 003 384
1 332 637
1 370 862
458 510
151 788
11 569 946
784 094
671 685
161 860
315 655
148 254
142 743
2 224 291
On-premises Software
1 861 393
1 154 563
487 259
343 053
1
0
3 846 269
Cloud Computing
2 497 754
1 137 617
662 846
518 907
310 260
0
5 127 384
109 522
39 519
20 671
193 248
-5
9 046
372 001
4 468 669
2 331 699
1 170 776
1 055 208
310 256
9 046
9 345 654
14,6 %
38,1 %
27,7 %
1,6 %
3,1 %
1 392 107
488 961
181 862
46 495
69 527
31,2 %
21,0 %
15,5 %
4,4 %
22,4 %
913 067
140 564
116 025
-23 077
28 977
-257 647
917 909
9 601 477
6 314 111
1 788 552
1 114 102
577 121
310 444
19 705 807
(NOK1,000) Revenues Total segment revenues Internal revenues External revenue on each group of similar products and services
Other External revenues Growth (external) % EBITDA EBITDA margin Profit before tax Assets
52
19,0 % -26 936
2 152 016
23,0 %