ManpowerGroup 2004 Annual Report Download - page 88

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2004 Annual Report MANPOWER INC.86
15.
SEGMENT DATA
We are organized and managed primarily on a geographic basis, with the exception of Jefferson Wells and Right, which
are operated as separate global business units. Each country and business unit primarily has its own distinct operations,
is managed locally by its own management team and maintains its own financial reports. Each operation reports directly,
or indirectly through a regional manager, to a member of executive management. Given this reporting structure, all of our
operations have been segregated into the following segments: United States; France; EMEA (Europe, Middle East and
Africa, excluding France); Jefferson Wells; Right (including the Empower Group); and Other Operations.
Historically, the results of Jefferson Wells and the Empower Group have been included in the Other Operations segment.
Prior year results have been reclassified to conform to the current year presentation.
The United States, France, EMEA, and Other Operations segments derive a significant majority of their revenues from
the placement of temporary workers. The remaining revenues within these segments are derived from other human
resource services, including permanent employee recruitment, temporary and permanent employee testing, selection,
and training and development. Jefferson Wells’ revenues are derived from internal audit and controls, technology risk
management, tax, financial and accounting services. The Right segment revenues are derived from career transition
(outplacement) services and organizational consulting services. Segment revenues represent sales to external customers
primarily within a single segment. Due to the nature of our business, we do not have export or intersegment sales. We
provide services to a wide variety of customers, none of which individually comprise a significant portion of revenue for us
as a whole, however approximately 19% of Jefferson Wells’ revenues for 2004 were generated from providing services
to one customer.
The accounting policies of the segments are the same as those described in the summary of significant accounting policies.
We evaluate performance based on Operating Unit Profit, which is equal to segment revenues less direct costs and
branch and national headquarters operating costs. This profit measure does not include interest and other income and
expense amounts or income taxes. Total assets for the segments are reported after the elimination of investments in
subsidiaries and intercompany accounts. Corporate Assets include the Goodwill and Intangible Assets related to our
acquisitions of Jefferson Wells and RMC as this presentation is consistent with how segment assets are evaluated.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
in millions, except share and per share data