Peachtree 2013 Annual Report Download - page 107

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Results for the year
The Sage Group plc | Annual Report & Accounts 2013 101
Financial statements
1.2 Profit by segment
Year ended 30 September 2013
Year ended 30 September 2012 Change
IFRS
statutory
operating
profit/(loss)
£m
Adjustment1
£m
Non-GAAP
EBITA
£m
IFRS
statutory
operating
profit
£m
Adjustment1
£m
Non-GAAP
EBITA
reported
£m
Currency
impact
£m
Underlying
Non-GAAP
EBITA
constant
currency
£m
IFRS
statutory
operating
profit
%
Non-GAAP
EBITA
reported
%
Underlying
Non-GAAP
EBITA
constant
currency
%
Profit by segment
Europe 155.7 64.5 220.2 207.8 11.3 219.1 2.9 222.0 -29% 1% -1%
A
meric
a
s (13.7) 128.7 115.0 96.8 9.3 106.1 1.2 107.3 -105% 8% 7%
A
AME
A
38.5 2.1 40.6 40.3 0.9 41.2 (3.5) 37.7 -8% -1% 8%
Total profit 180.5 195.3 375.8 344.9 21.5 366.4 0.6 367.0 -48% 3% 2%
Notes:
1 Adjustment includes the effects of amortisation of acquired intangible assets, acquisition-related items, fair value adjustments and goodwill impairment and exceptional items.
Y
ear ended 30 September 2013 Note
Europe
£m
Americas
£m
AAMEA
£m
Group
£m
The results by segment from continuing operations were as follows:
Revenue 776.9 448.2 151.0 1,376.1
Segment operating profit/(loss) 155.7 (13.7) 38.5 180.5
Finance income 2.4 1.4
Finance costs 2.4 (17.8)
Profit before income tax 164.1
Income tax expense 3 (116.6)
Profit for the year 47.5
No single customer contributed more than 10% of the Group’s revenue in the current or prior year.
Reconciliation of Non-GAAP EBITA† to IFRS statutory operating profit/(loss)
Europe
£m
Americas
£m
AAMEA
£m
Group
£m
Non-GAAP EBITA† 220.2 115.0 40.6 375.8
A
mortisation of acquired intangible assets (10.0) (8.4) (0.7) (19.1)
Fair value adjustments and goodwill impairment – 13.5 (1.4) 12.1
A
cquisition-related items – (0.1) – (0.1)
Exceptional items (54.5) (133.7) – (188.2)
Operating profit/(loss) 155.7 (13.7) 38.5 180.5
Notes:
† EBITA measure (earnings before interest, tax and adjustments) excludes the effects of:
–Amortisation of acquired intangible assets;
–Acquisition-related items;
–Fair value adjustments and goodwill impairment; and
–Exceptional items.
105The Sage Group plc | Annual Report & Accounts 2013
GovernanceStrategic report Financial statements