| Segment recognition | ||||
| Industrial Shipping | Offshore/Icebreaking | |||
| SEK 000s | 2009 | 2008 | 2009 | 2008 |
| Sales | 1,899,550 | 2,005,527 | 125,005 | 401,735 |
| Internal sales | — | — | — | — |
| Net sales | 1,899,550 | 2,005,527 | 125,005 | 401,735 |
| Depreciation/amortization and impairment | –190,130 | –149,411 | –40,779 | –34,671 |
| Income from participations in associated companies | — | — | — | — |
| Operating profit 1) | –170,466 | 94,563 | –19,569 | 261,538 |
| Net financial items | –32,413 | –37,053 | –5,307 | –29,002 |
| Income before tax | –202,879 | 57,510 | –24,876 | 232,536 |
| Income tax | — | — | — | — |
| Profit for the year | — | — | — | — |
| Assets | 1,554,669 | 1,744,173 | 973,899 | 767,930 |
| Capital participations in associated companies | — | — | — | — |
| Undistributed assets 2) | — | — | — | — |
| Total assets | 1,554,669 | 1,744,173 | 973,899 | 767,930 |
| Liabilities | 785,977 | 845,510 | 863,763 | 583,089 |
| Undistributed liabilities 2) | — | — | — | — |
| Total liabilities | 785,977 | 845,510 | 863,763 | 583,089 |
| Gross investments 3) | 39,344 | 81,850 | 302,910 | 44,308 |
| Ship Management/ | ||||
| Group-wide items | Total | |||
| SEK 000s | 2009 | 2008 | 2009 | 2008 |
| Sales | 1,107,967 | 1,024,143 | 3,132,522 | 3,431,405 |
| Internal sales | –848,840 | –783,680 | –848,840 | –783,680 |
| Net sales | 259,127 | 240,463 | 2,283,682 | 2,647,725 |
| Depreciation | –4,044 | –3,248 | –234,953 | –187,330 |
| Profit share in associated companies | 93 | 85 | 93 | 85 |
| Operating profit/loss | –52,864 | –41,501 | –242,899 | 314,600 |
| Net financial items | 4,629 | 10,084 | –33,091 | –55,971 |
| Profit/loss before tax | –48,235 | –31,417 | –275,990 | 258,629 |
| Income tax | — | — | 54,570 | 7,355 |
| Profit/loss for the year | — | — | –221,420 | 265,984 |
| Assets | 635,696 | 836,054 | 3,164,264 | 3,348,157 |
| Capital participations in associated companies | 362 | 85 | 362 | 85 |
| Undistributed assets 1) | — | — | 7,775 | — |
| Total assets | 636,058 | 836,139 | 3,172,401 | 3,348,242 |
| Liabilities | 332,852 | 472,008 | 1,982,592 | 1,900,607 |
| Undistributed liabilities 2) | — | — | 15,197 | 27,003 |
| Total liabilities | 332,852 | 472,008 | 1,997,789 | 1,927,610 |
| Gross investments 3) | 22,043 | 12,504 | 364,297 | 138,662 |
1) Operating profit includes restructuring costs in the Industrial Shipping business area comprising vessel impairment of SEK 61 M (22) and personnel expenses of SEK 2 M (9).
2) Undistributed assets and liabilities comprise financial instruments.
3) Investments for the year and the preceding year pertained primarily to the ongoing new construction of four vessels within the Offshore/Icebreaking business area and capitalized docking fees in Industrial Shipping. In Ship Management/Group-wide, investments for the year mainly comprise new office construction.
Group management has established that operational management and financial control shall be based on two business areas and the Ship Management/Groupwide support function. The business operations comprise the two business areas, Industrial Shipping and Offshore/Icebreaking. This structure has been used throughout the Annual Report when describing operations.
The Offshore/Icebreaking business area comprises icebreaking, anchor-handling vessels that are partly used for icebreaking (primarily for the Swedish Maritime Administration), and partly for assignments for the offshore industry, with the repositioning of rigs and anchors for these.
The Industrial Shipping business area focuses mainly on contract-based shipping for Nordic base industry. The business area comprises several different areas of operation, which are integrated with each other and cooperate on tonnage and customer contracts. The RoRo Division comprises specially adapted RoRo- and container vessels, which form a full-coverage maritime transport system in the Baltic. The Bulk/LoLo Division comprises ice-class vessels in the small-bulk segment that operate in Europe and across the Atlantic. The Atlantic Division conducts paper transports using specially adapted RoRo vessels equipped with side doors, as well as RoRo traffic between the US East Coast and the Caribbean. The Container Division conducts container-based scheduled services between Sweden and the UK.
Ship Management/Group-wide items include ship management for the Group’s own and externally owned vessels, central management and administration.
Transactions between the business areas and support functions have been conducted at arm’s length.