Business was allocated to operating segments by the Management Board based on operating reports which are used for making decisions. The Group management reporting is based on operating segments. The organisation and management of the Group are based on segment division in reference to the type of products and services offered. Each of the segments constitutes a business unit or a set of business units offering different products and serving different markets. The Group settles transactions between individual segments as if they referred to non-related entities, namely with the application of the present market prices.
An operating segment is a part of the Group:
Operating segments presented by the Group are identical with the reporting segments presented in these consolidated financial statements.
The Group operations comprise three basic operating areas and are divided into:
The item ‘Other’ which contains figures of the so-called Centre, i.e. the area of Grupa Kęty S.A. responsible for the management of such areas as finance, information technology, public relations, investor relations, risk management, capital investments, human resources, as well as the figures of Dekret Centrum Rachunkowe Sp. z o.o. which provides accounting, HR, and payroll services to the Capital Group companies.
The particular segments are engaged in the following activities:
Note 4 presents the assignment of the particular subsidiaries to business segments.
