31 Notes to segment reporting

In the segment reporting, the reportable segments are the four divisions, the investment in METRO AG accounted for at equity and the Holding and other companies segment. The breakdown of the segments reflects the Group structure. It is defined using the management approach, taking internal monitoring and reporting, as well as the organisational structure, into account.

In segment reporting, the Celesio division that was sold in February 2014 is presented as a discontinued operation in its entirety. Pursuant to IFRS 5, the result from the sale of the Celesio division by the Franz Haniel & Cie. GmbH is presented in the income statement in profit after taxes from discontinued operations.

The same accounting standards are used for segment reporting and for the consolidated financial statements. In the reported segment assets, goodwill is allocated to the relevant division. Transactions between the divisions take place on an arm’s length basis. The financial liabilities encompass the non-current and current financial liabilities contained in the statement of financial position. The sum of this amount and the other liabilities recognised in the statement of financial position is the Group’s total liabilities. Recognised investments in non-current segment assets include additions to property, plant and equipment, intangible assets, investments accounted for at equity and non-current financial assets.

The Bekaert Textiles division, which was acquired during the financial year, is the world’s leading specialist for the development and manufacturing of woven and knitted mattress textiles.

CWS-boco ranks among the leading international full-service providers of washroom hygiene products, dust control mats, workwear and textile services.

ELG is a global leader in the trading, processing and recycling of raw materials for the stainless steel industry as well as high performance materials such as superalloys, titanium and carbon fibres.

TAKKT bundles a portfolio of B2B direct marketing specialists for business equipment in Europe and North America in a single company.

The Metro investment concerns the investment in METRO AG accounted for at equity, which is described in greater detail under note 3. METRO GROUP is among the premier international merchandisers.

The Holding and other companies segment essentially comprises the Franz Haniel & Cie. GmbH and its financing companies, excluding the Metro investment.