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7

Segmental information

The business areas constitute the Group's primary reporting format, and geography is the Group's secondary reporting format.

Business segment data

The Group's activities are divided into two strategic business areas (BAs), Kongsberg Maritime and Kongsberg Defence & Aerospace, which are organised and managed separately. The BAs sell different products, focus on different markets and feature different risk and return profiles. A more detailed description of the BA's operations may be found under the chapter "Business area activities".

The company disposed of its yachting activities in October 2005. Those activities constituted the bulk of the former segment Yachting & Fishery. Fishery activities now report as part of the Kongsberg Maritime segment. For more details, see Note 6 "Changes in Group structure".

Shareholder costs and certain overheads are not allocated to the segments. The same applies to taxes, financial instruments and properties occupied by parties other than the Group's own units.

Transactions between the BAs are based on market terms. Segmental income, expenses and profits include transactions between segments. The same applies to receivables and liabilities related to commodity flows.

Transactions within the various segments have been eliminated.

Geographical segment

The Group's activities are generally divided into Norway, Rest of Europe, America and Asia.

Business segment data

Results

  Kongsberg Maritime Kongsberg Defence & Aerospace Not allocated / Other activities Eliminations Total, continuing operations
Amounts in MNOK 2007 2006 2005 2007 2006 2005 2007 2006 2005 2007 2006 2005 2007 2006 2005
                               
Revenue from external customers 4 830 3 528 3 009 3 285 2 985 2 646 191 207 136  -  -  - 8 306 6 720 5 791
Gains on disposal of property 212 - - - - - 41 - - - - - 253  -  -
Intra-Group transactions 20 25 25 53 12 4    -  - (73) (37) (29)  -  -  -
Total revenues 5 062 3 553 3 034 3 338 2 997 2 650 232 207 136 (73) (37) (29) 8 559 6 720 5 791
Earnings before interest, taxes, depreciation and amortisation(EBITDA)1) 965 412 338 517 254 211 78 (39) (13)  -  -  - 1 560 627 536
Depreciation 81 83 76 79 72 76 10 8 6  -  -  - 170 163 158
Earnings before interest, tax and amortisation (EBITA)1) 884 329 262 438 182 135 68 (47) (19)  -  -  - 1 390 464 378
Amortisation (23) (2)  - (21) (14) (7)  -  -  -  -  -  - (44) (16) (7)
Segment results (EBIT)1) 861 327 262 417 168 128 68 (47) (19)  -  -  - 1 346 448 371
Net financial expenses                         (67) (58) (57)
Income tax expense                         (293) (138) (99)
Profit from discontinued operations                          -  -  -
Profit for the year                         986 252 215
1) Incl. non-recurring effects relatedto settlement of pension plan 166  -  - 165  -  - 10  -  -  -  -  - 341  -  -
                               
cont. income statement                  
  Total, continuing operations Discontinued operations Consolidated
Amounts in MNOK 2007 2006 2005 2007 2006 2005 2007 2006 2005
                   
Revenue from external customers 8 306 6 720 5 791  -  - 451 8 306 6 720 6 242
Gains on disposal of property 253  -  - - - - 253  -  -
Intra-Group transactions  -  -  -  -  -  -  -  -  -
Total revenues 8 559 6 720 5 791  -  - 451 8 559 6 720 6 242
Earnings before interest, taxes, depreciation and amortisation(EBITDA)1) 1 560 627 536  -  - 22 1 560 627 558
Depreciation 170 163 158  -  -  - 170 163 158
Earnings before interest, tax and amortisation (EBITA)1) 1 390 464 378  -  - 22 1 390 464 400
Amortisation (44) (16) (7)  -  -  - (44) (16) (7)
Segment results (EBIT)1) 1 346 448 371  -  - 22 1 346 448 393
Net financial expenses (67) (58) (57)  -  - (7) (67) (58) (64)
Income tax expense (293) (138) (99)  -  - (5) (293) (138) (104)
Profit from discontinued operations  -  -  -  -  - 37  -  - 37
Profit for the year 986 252 215  -  - 47 986 252 262
1) Incl. non-recurring effects relatedto settlement of pension plan 341  -  -  -  -  - 341  -  -
                   

Assets and liabilities

  Kongsberg Maritime Kongsberg
Defence &
Aerospace 		Other activities Total, continuing operations
Amounts in MNOK 31 Dec 07 31 Dec 06 31 Dec 07 31 Dec 06 31 Dec 07 31 Dec 06 31 Dec 07 31 Dec 06
                 
Segment assets 5 251 4 069 2 448 2 341  -  - 7 699 6 410
Non-allocated assets  -  -  -  -  -  - 1 515 946
Total assets 5 251 4 069 2 448 2 341  -  - 9 214 7 356
Segment, non-interest-bearing liabilities 2 747 2 203 2 620 2 291  -  - 5 367 4 494
Non-allocated liabilities  -  -  -  -  -  - 1 088 1 178
Total liabilities 2 747 2 203 2 620 2 291  -  - 6 455 5 672
Investments in property, plant and equipment 146 103 278 110 8 8 432 221
Investments in intangible assets 386 69 58 173  -  - 444 242
Cash flow (206) 221 409 (105) 33 (141) 236 (25)
                 

Geographical segment (continuing operations)

  Norway Rest of Europe America Asia Other Total
Amount in MNOK 2007 2006 2005 2007 2006 2005 2007 2006 2005 2007 2006 2005 2007 2006 2005 2007 2006 2005
                                     
Revenue from external customers 2 417 1 892 1 920 1 981 1 764 1 402 2 038 1 512 1 180 1 762 1 415 1 181 108 137 108 8 306 6 720 5 791
Revenue as % of total 29% 28% 33% 24% 26% 24% 25% 23% 20% 21% 21% 20% 1% 2% 2%  -  -  -
Gains on disposal of property 253 - - - - - - - - - - - - - - 253  -  -
Total revenues 2 670 1 892 1 920 1 981 1 764 1 402 2 038 1 512 1 180 1 762 1 415 1 181 108 137 108 8 559 6 720 5 791
Segment assets 7 644 6 066 5 703 454 380 286 644 555 320 472 355 277  -  -  - 9 214 7 356 6 586
Investments 792 266 157 10 11 2 14 178 5 60 8 4  -  -  - 876 463 168
                                     

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