Notes to the Consolidated Financial Statement

 

1. Segment information

 

Digia's business segments are Enterprise Solutions and Mobile Solutions. 

Net sales

€ 000

2010

2009

Enterprise Solutions

75,674

70,841

Mobile Solutions

55,152

49,494

Group total

130,825

120,335

In the Enterprise Solutions segment, no single customer accounted for more than 10 per cent of the consolidated net sales. The Mobile Solutions segment's major customer is Nokia, which accounted for more than 10 per cent of the consolidated net sales in the fiscal year.

Operating profit before extraordinary items

€ 000

2010

2009

Enterprise Solutions

11,001

12,301

Mobile Solutions

6,164

4,634

Group total

17,164

16,936

 

Digia's consolidated profitability for 2009 was significantly affected by extraordinary non-recurrent items comprising a EUR 23.8 goodwill writedown and a EUR 0.9 million restructuring provision related to the closure of sites. The goodwill writedown was entirely attributable to the Mobile Solutions segment. EUR 0.8 million of the restructuring provision was attributable to Mobile Solutions and EUR 0.1 million to Enterprise Solutions. The operating profit before extraordinary items is an indicator of the company's operational profitability.

Operating profit (EBIT)

 € 000

2010

2009

Enterprise Solutions

11,001

12,211

Mobile Solutions

6,164

-20,007

Group total

17,164

-7,796

 

Assets

€ 000

2010

2009

Enterprise Solutions

63,762

61,240

Mobile Solutions

40,491

39,205

Unallocated

11,185

12,308

Group total

115,438

112,753

 

The assets of the Enterprise Solutions segment include goodwill arising from the acquisition of Digia Sweden AB (formerly Capital C AB), Samstock Ltd and Sentera Plc, as well as the part of the goodwill arising from the acquisition of Yomi Software Ltd that is attributable to the operations of the segment. The assets of the Mobile Solutions segment include goodwill arising from the acquisition of Digia Inc. and Sunrise Resources Ltd, as well as the part of the goodwill arising from the acquisition of Yomi Software Ltd that is attributable to the operations of the segment. The goodwill items are described in more detail in Note 15.

The most significant unallocated asset item comprises investments and cash and cash equivalents treated from the viewpoint of the Group level. 

Liabilities

€ 000

2010

2009

Enterprise Solutions

12,270

11,139

Mobile Solutions

10,264

10,329

Unallocated

25,493

33,101

Group total

48,027

54,570

The most significant item within unallocated liabilities consists of a long-term bank loan.

Depreciation and amortisation

€ 000

2010

2009

Enterprise Solutions

1,671

1,945

Mobile Solutions

2,048

26,106

Group total

3,719

28,051

 

Capital expenditure

€ 000

2010

2009

Enterprise Solutions

1,023

670

Mobile Solutions

942

672

Group total

1,965

1,342

 

Geographical distribution of net sales

€ 000

2010

2009

Finland

120,196

110,624

Other countries

10,629

9,711

Total

130,825

120,335