Peachtree 2015 Annual Report Download - page 118

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The Sage Group plc | Annual Report & Accounts 2015
116
Results for the year continued
2 Segment information continued
2.2 Operating profit by segment
Year ended 30 September 2015 Change
Statutory
£m
Underlying
adjustments
£m
Underlying
£m
Organic
adjustments
£m
Organic
£m
Statutory
%
Underlying
%
Organic
%
Operating profit by segment
Europe 216.6 6.4 223.0 (0.8) 222.2 5.0% 9.7% 9.4%
North America 94.9 7.5 102.4 0.4 102.8 7.4% 5.0% 5.4%
International (14.3) 68.8 54.5 – 54.5 (386.0%) 9.7% 9.7%
Total operating profit 297.2 82.7 379.9 (0.4) 379.5 (0.8%) 8.4% 8.3%
Year ended 30 September 2014 (restated)
Statutory
£m
Underlying
adjustments
£m
Underlying as
reported
£m
Impact of
foreign
exchange
£m
Underlying
and organic
£m
Operating profit by segment
Europe 206.2 8.4 214.6 (11.4) 203.2
North America 88.4 4.3 92.7 4.8 97.5
International 5.0 48.7 53.7 (4.0) 49.7
Total operating profit 299.6 61.4 361.0 (10.6) 350.4
The results by segment from continuing operations were as follows:
Y
ear ended 30 September 2015 Note
Europe
£m
North
America
£m
International
£m
Group
£m
Revenue 753.0 477.0 205.5 1,435.5
Segment statutory operating profit 216.6 94.9 (14.3) 297.2
Finance income 3.5 2.2
Finance costs 3.5 (23.6)
Profit before income tax 275.8
Income tax expense 4 (81.5)
Profit for the year 194.3
No single customer contributed more than 10% of the Group’s revenue in the current or prior year.
Reconciliation of underlying operating profit to statutory operating profit
Europe
£m
North
America
£m
International
£m
Group
£m
Underlying operating profit 223.0 102.4 54.5 379.9
Amortisation of acquired intangible assets (6.4) (7.5) (4.3) (18.2)
Fair value adjustments and goodwill impairment – – (64.5) (64.5)
Statutory operating profit 216.6 94.9 (14.3) 297.2