3 Information by reportable segment

 

Asia Pacific

Latin America

Europe

North America

Africa Middle East

Corporate/ Eliminations

Total Group

 

2014

2013

2014

2013

2014

2013

2014

2013

2014

2013

2014

2013

2014

2013

1

Due to the reallocation of a reporting unit from “Corporate/Eliminations” to “Asia Pacific”, the allocation of the positions “Total assets” and “Total liabilities” changed and as a result, the comparative figures for these two reportable segments were restated accordingly by CHF 495 million for “Total assets” and by CHF 1,415 million for “Total liabilities”.

2

Property, plant and equipment and intangible assets acquired during the period.

3

Net investments in property, plant and equipment, Group companies, financial assets, intangible and other assets.

4

Included in depreciation, amortization and impairment of operating and non-operating assets respectively.

5

The amount of CHF -45 million (2013: 646) consists of borrowings by Corporate from third parties amounting to CHF 9,997 million (2013: 9,836) and eliminations for cash transferred to regions of CHF 10,042 million (2013: 9,190).

Capacity and sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Million t

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Annual cement production capacity

96.4

90.3

35.3

35.3

46.8

47.7

21.9

22.0

11.0

11.0

 

 

211.4

206.2

Sales of cement

71.2

70.3

24.6

25.0

26.4

26.7

13.0

11.7

8.3

7.9

(3.2)

(2.6)

140.3

138.9

– of which mature markets

2.7

3.0

 

 

14.6

15.0

13.0

11.7

 

 

 

 

 

 

– of which emerging markets

68.6

67.3

24.6

25.0

11.7

11.7

 

 

8.3

7.9

 

 

 

 

Sales of mineral components

0.6

0.7

 

 

2.3

2.1

1.4

1.3

 

 

 

 

4.3

4.1

Sales of aggregates

24.8

25.2

7.5

10.2

73.1

74.1

45.7

42.8

2.0

2.2

 

 

153.1

154.5

– of which mature markets

22.3

22.8

 

 

63.8

65.3

45.7

42.8

 

 

 

 

 

 

– of which emerging markets

2.5

2.4

7.5

10.2

9.3

8.8

 

 

2.0

2.2

 

 

 

 

Sales of asphalt

 

 

 

 

5.6

4.9

4.5

4.1

 

 

 

 

10.0

8.9

Million m3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales of ready-mix concrete

10.8

10.9

6.4

8.0

11.9

12.3

7.2

7.5

0.7

0.8

 

 

37.0

39.5

– of which mature markets

5.1

4.8

 

 

10.0

10.6

7.2

7.5

 

 

 

 

 

 

– of which emerging markets

5.7

6.1

6.4

8.0

1.9

1.7

 

 

0.7

0.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statement of income, statement of financial position and statement of cash flows

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Million CHF

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales to external customers

6,926

7,210

2,896

3,198

5,208

5,282

3,336

3,171

745

857

 

 

19,110

19,719

Net sales to other segments

44

72

117

150

346

329

 

 

117

27

(623)

(578)

 

 

Total net sales

6,970

7,282

3,012

3,349

5,554

5,611

3,336

3,171

861

884

(623)

(578)

19,110

19,719

– of which mature markets

1,775

2,043

 

 

4,465

4,423

3,336

3,171

 

 

 

 

 

 

– of which emerging markets

5,195

5,240

3,012

3,349

1,089

1,188

 

 

861

884

 

 

 

 

Operating EBITDA

1,332

1,473

861

938

991

946

600

494

276

283

(314)

(238)

3,747

3,896

Operating EBITDA margin in %

19.1

20.2

28.6

28.0

17.8

16.9

18.0

15.6

32.1

32.0

 

 

19.6

19.8

Depreciation, amortization and impairment of operating assets

(398)

(442)

(197)

(216)

(482)

(510)

(286)

(295)

(56)

(67)

(10)

(8)

(1,430)

(1,538)

Operating profit (loss)

934

1,030

663

722

510

436

314

199

220

216

(324)

(247)

2,317

2,357

– of which mature markets

150

176

 

 

312

295

314

199

 

 

 

 

 

 

– of which emerging markets

784

854

663

722

198

141

 

 

220

216

 

 

 

 

Operating profit margin in %

13.4

14.1

22.0

21.6

9.2

7.8

9.4

6.3

25.5

24.5

 

 

12.1

12.0

Depreciation, amortization and impairment of non-operating assets

0

(6)

(1)

0

(2)

(1)

0

(1)

 

 

 

 

(4)

(8)

Other (expenses) income

(122)

(85)

(104)

(143)

(132)

(138)

(24)

(66)

(13)

7

573

629

179

204

Share of profit of associates and joint ventures

11

8

(1)

0

6

5

 

 

 

 

124

149

140

161

Other financial income

9

7

6

3

5

8

1

3

 

 

66

43

87

63

EBITDA

1,231

1,408

763

798

872

822

577

431

264

290

448

583

4,156

4,332

Investments in associates and joint ventures

70

65

0

1

265

263

 

 

2

2

1,421

1,231

1,758

1,562

Net operating assets

7,408

6,540

3,456

3,331

7,964

8,112

6,282

5,940

852

783

(16)

7

25,946

24,712

Total assets1

11,889

10,616

5,436

5,083

12,713

13,479

7,568

6,947

1,240

1,339

838

481

39,684

37,944

Total liabilities1

4,994

4,441

3,597

3,208

6,283

6,511

4,109

3,851

634

610

( 45)5

6465

19,572

19,267

Cash flow from operating activities

831

1,179

283

478

485

502

384

249

163

183

352

197

2,498

2,787

Cash flow margin in %

11.9

16.2

9.4

14.3

8.7

8.9

11.5

7.8

18.9

20.7

 

 

13.1

14.1

Acquisition cost segment assets2

829

924

530

636

414

470

189

140

35

46

4

11

2,000

2,227

Cash flow from investing activities3

(867)

(790)

(477)

(605)

(415)

(403)

(115)

(98)

(23)

(6)

172

237

(1,724)

(1,665)

Impairment loss4

(2)

(17)

(5)

(7)

(7)

(16)

(5)

(3)

0

(10)

0

(16)

(20)

(69)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Personnel

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of personnel

31,850

34,080

10,733

11,181

15,399

15,868

6,777

6,791

1,928

2,128

897

809

67,584

70,857

Reconciling measures of profit and loss to the consolidated statement of income of Group Holcim

Million CHF

Notes

2014

2013

Operating profit

 

2,317

2,357

Depreciation, amortization and impairment of operating assets

9

1,430

1,538

Operating EBITDA

 

3,747

3,896

Dividends earned

11

5

4

Other ordinary income

11

177

208

Share of profit of associates and joint ventures

23

140

161

Other financial income

12

87

63

EBITDA

 

4,156

4,332

Depreciation, amortization and impairment of operating assets

9

(1,430)

(1,538)

Depreciation, amortization and impairment of non-operating assets

11

(4)

(8)

Interest earned on cash and marketable securities

12

96

120

Financial expenses

13

(611)

(777)

Net income before taxes

 

2,207

2,128