Relevant GRI Indicators

G2 Segment information

Information on business segments/business areas, continuing operations

(XLSX:) Download

2020

SMR1)

SRP1)

SMM

SMT

Other operations

Group activities

Eliminations

Group Total

Revenue

 

 

 

 

 

 

 

 

External revenue

33,572

6,459

32,477

13,598

297

–

–

86,404

Internal revenue

9

–

323

327

–

–

–659

–

Total

33,579

6,462

32,799

13,925

297

–

–659

86,404

Share of results of associated companies

2

–

4

–

–

–

–

6

Earnings before interest and tax

6,400

990

4,606

492

–578

–694

–

11,216

Net financial items

–

–

–

–

–

–

–

54

Income tax

–

–

–

–

–

–

–

–2,517

Profit for the year

6,451

982

4,550

486

–579

–696

–

8,753

 

 

 

 

 

 

 

 

 

Other disclosures

 

 

 

 

 

 

 

 

Assets

27,900

6,149

37,980

15,125

84

1,446

–

88,685

Investments in associates

89

–

174

–

–

244

–

508

Total assets

27,990

6,149

38,153

15,125

84

1,691

–

89,192

Unallocated assets

–

–

–

–

–

–

–

29,575

Group total assets

–

–

–

–

–

–

–

118,767

Liabilities

8,646

2,211

8,748

3,804

115

1,072

–

24,594

Unallocated liabilities

–

–

–

–

–

–

–

29,299

Group total liabilities

 

 

 

 

 

 

 

53,894

Capital expenditure

–642

–80

–1,876

–516

0

–83

–

–3,197

Depreciation/amortization

–1,521

–198

–2,700

–838

–1

–256

–

–5,515

Impairment losses

–286

–

–116

48

2

–98

–

–450

Other non-cash expenses

–727

–75

918

383

507

16

–

1,022

1)

Last year’s figures have been restated due to the new business area structure as of January 1, 2021.

(XLSX:) Download

2021

SMR

SRP

SMM

SMT

Other operations

Group activities

Eliminations

Group Total

Revenue

 

 

 

 

 

 

 

 

External revenue

41,409

7,610

36,681

13,405

–

–

–

99,105

Internal revenue

17

1

413

442

–

–

–873

–

Total

41,427

7,610

37,094

13,847

–

–

–873

99,105

Share of results of associated companies

8

–

9

–

–

–21

–

–4

Earnings before interest and tax

8,220

1,255

8,058

1,379

–

–257

–

18,654

Net financial items

67

–27

–48

–5

–

–2

–

–194

Income tax

–

–

–

–

–

–

–

–3,967

Profit for the year

8,286

1,228

8,007

1,374

–

–260

–

14,493

 

 

 

 

 

 

 

 

 

Other disclosures

 

 

 

 

 

 

 

 

Assets

47,501

7,224

61,407

17,260

–

1,173

–

134,565

Investments in associates

154

–

192

–

–

249

–

595

Total assets

47,655

7,224

61,599

17,260

–

1,422

–

135,161

Unallocated assets

–

–

–

–

 

 

 

20,033

Group total assets

 

 

 

 

 

 

 

155,193

Liabilities

13,841

2,902

10,771

4,475

–

1,373

–

33,363

Unallocated liabilities

–

–

–

–

–

–

–

44,714

Group total liabilities

 

 

 

 

–

 

–

78,078

Capital expenditure

–912

–112

–2,035

–494

–

–26

–

–3,578

Depreciation/amortization

–1,998

–191

–2,818

–842

–

–202

–

–6,051

Impairment losses

–4

–

–39

99

–

–

–

56

Other non-cash expenses

–2,015

–634

–1,022

–185

–

1,517

–

–2,339

All transactions between the business areas are on market terms. For information regarding business combinations, see note G31.

Information by country, continuing operations

(XLSX:) Download

Revenue by country

2020

2021

USA

13,076

13,566

Australia

7,404

8,857

China

7,315

8,166

Germany

5,837

6,642

Canada

3,574

4,953

Sweden

3,259

3,722

South Africa

2,655

3,703

Italy

2,943

3,588

Russia

3,583

3,584

India

2,275

3,110

Mexico

2,392

2,964

France

2,349

2,611

UK

2,515

2,271

Brazil

1,454

1,912

Japan

1,843

1,872

Indonesia

1,406

1,854

Chile

962

1,331

Austria

1,117

1,320

Poland

967

1,162

Finland

970

1,107

Spain

984

1,063

Korea

957

1,053

Ghana

1,027

990

Kazakhstan

629

946

Norway

973

889

Other countries

13,938

15,869

Total

86,404

99,105

Revenue is specified by country based on where the customers are.

(XLSX:) Download

Non-current asset by country

2020

2021

USA

8,964

26,798

Sweden

13,151

12,802

Luxembourg

–

8,149

France

4,330

4,303

Germany

3,904

3,851

Austria

2,524

2,634

China

1,598

2,479

Finland

2,213

2,203

UK

1,940

2,089

India

1,489

1,793

Canada

1,297

1,763

Australia

857

1,533

Czech Republic

980

1,099

Poland

254

747

Switzerland

342

737

Other

4,028

4,745

Total

47,871

77,725

Non-current assets are specified by country based on where the assets are located. Non-current assets consists of intangible assets, property, plant and equipment and right-of-use assets.

Accounting principles

Reporting of operating segments

Sandvik’s business is organized in a manner that allows the Group’s chief operating decision-maker, meaning the CEO, to monitor results, return and cash flow generated by the various products and services in the Group. Each operating segment has a president that is responsible for day-to-day activities and who regularly reports to the CEO regarding the results of the operating segment’s work and the need for resources. Since the CEO monitors the business’ result and decides on the distribution of resources based on the products the Group manufactures and sells and the services it provides, these constitute the Group’s operating segments.

The Group’s operations are organized in a number of business areas based on products and services. The market organization also reflects this structure.

Segment information in accordance with IFRS 8 is only provided for the Group.

Segment results, assets and liabilities include only those items that are directly attributable to the segment and the relevant portions of items that can be allocated on a reasonable basis to the segments. Unallocated items comprise interest, gains on disposal of financial investments, interest expense, losses on the disposal of financial investments, income tax expense and certain administrative expenses. Unallocated assets and liabilities include income- and deferred tax receivables and payables, financial investments and financial liabilities.