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Annual Report & Accounts 2006 - Notes to the Consolidated Financial Statements
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Gaming VC Annual Report 2006 1 Segment reporting Segment information is presented in respect of the Group’s business and geographical segments. Business segments Based on risks and returns the management considers that the primary reporting format is by business segment. The directors consider that there are two business segments being the casino operation of games of chance and skilled based games, primarily Poker which was launched in the last quarter of 2005. Geographical segments Within the year the core business activity has been concentrated in the German language countries. Development speci˘cally tailored for other European language countries is ongoing. Owing to current legislation in the US the company continues to block access to its games to potential players located there. Segment capital expenditure is the total cost incurred during the year to acquire segment assets that are expected to be used for more than one year. In presenting information on the basis of geographical segments, segment revenue is based on the geographical location of customers. Segment assets are based on the location of the assets themselves. Games of Chance Germany Austria Switzerland Other Countries Consolidated In thousands of euro 2006 2005 2006 2005 2006 2005 2006 2005 2006 2005 Revenue 28,669 30,074 7,161 7,673 1,807 1,203 721 1,166 38,358 40,116 Segment assets ^ ^ ^ ^ ^ ^ 111,598 112,599 111,598 112,599 Capital expenditure ^ ^ ^ ^ ^ ^ 266 67 266 67 Games of Skill Germany Austria Switzerland Other Countries Consolidated In thousands of euro 2006 2005 2006 2005 2006 2005 2006 2005 2006 2005 Revenue 1,661 219 354 69 66 10 134 29 2,215 327 Segment assets ^ ^ ^ ^ ^ ^ 268 114 268 114 Capital expenditure ^ ^ ^ ^ ^ ^ 10 75 10 75 Assets and liabilities are not speci˘cally allocated to business segments as the total assets and liabilities of the Group are utilised, managed and reported centrally across all business segments. Consequently, it is not possible to provide a meaningful allocation of assets and liabilities for each business segment as this cannot be done on a reasonable basis. All segments are continuing operations. 2 Personnel expenses Year ended 31 December Year ended 31 December In thousands of euro 2006 2005 Wages and salaries 2,400 1,713 Compulsory social security contributions 154 135 Contributions to de˘ned contribution plans (13) 39 Equity-settled transactions 893 491 3,434 2,378 16