Selected notes to the consolidated income statement
Revenue
> TABLES 22 – 25 show revenue from contracts with customers, broken down by sales region, product category, timing of revenue recognition and segment.
Disaggregation of revenue with third parties |
22 |
|||
|
Q2 2019 |
|||
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Total |
Western Europe |
1,193.0 |
152.5 |
3.5 |
1,349.0 |
Eastern Europe |
167.4 |
8.4 |
0.3 |
176.0 |
Middle East and Africa |
19.5 |
4.9 |
0.0 |
24.4 |
North America |
30.1 |
418.8 |
0.0 |
448.9 |
Central and South America |
54.6 |
1.7 |
0.0 |
56.2 |
Asia-Pacific |
171.2 |
55.0 |
0.0 |
226.2 |
Total revenue |
1,635.8 |
641.2 |
3.8 |
2,280.7 |
|
|
|
|
|
New business |
881.8 |
|
|
881.8 |
Service business |
754.0 |
|
|
754.0 |
– Aftersales |
392.3 |
|
|
392.3 |
– Rental business |
231.2 |
|
|
231.2 |
– Used trucks |
95.3 |
|
|
95.3 |
– Other |
35.2 |
|
|
35.2 |
Business solutions |
|
495.4 |
|
495.4 |
Service business |
|
145.7 |
|
145.7 |
Corporate Services |
|
|
3.8 |
3.8 |
Total revenue |
1,635.8 |
641.2 |
3.8 |
2,280.7 |
|
|
|
|
|
Timing of revenue recognition |
|
|
|
|
Products and services transferred at a point in time |
1,271.9 |
64.3 |
2.3 |
1,338.5 |
Products and services transferred over a period of time |
363.9 |
576.9 |
1.5 |
942.3 |
Disaggregation of revenue with third parties |
23 |
|||
|
Q2 2018 |
|||
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Total |
Western Europe |
1,041.0 |
113.8 |
5.5 |
1,160.3 |
Eastern Europe |
132.4 |
2.2 |
0.7 |
135.3 |
Middle East and Africa |
21.0 |
7.9 |
–0.0 |
28.9 |
North America |
33.1 |
409.9 |
0.0 |
443.1 |
Central and South America |
41.2 |
2.1 |
0.0 |
43.3 |
Asia-Pacific |
178.5 |
41.7 |
0.0 |
220.2 |
Total revenue |
1,447.2 |
577.8 |
6.2 |
2,031.1 |
|
|
|
|
|
New business |
729.1 |
|
|
729.1 |
Service business |
718.0 |
|
|
718.0 |
– Aftersales |
378.6 |
|
|
378.6 |
– Rental business |
221.6 |
|
|
221.6 |
– Used trucks |
80.7 |
|
|
80.7 |
– Other |
37.1 |
|
|
37.1 |
Business solutions |
|
450.1 |
|
450.1 |
Service business |
|
127.7 |
|
127.7 |
Corporate Services |
|
|
6.2 |
6.2 |
Total revenue |
1,447.2 |
577.8 |
6.2 |
2,031.1 |
|
|
|
|
|
Timing of revenue recognition |
|
|
|
|
Products and services transferred at a point in time |
1,100.8 |
59.1 |
4.7 |
1,164.6 |
Products and services transferred over a period of time |
346.4 |
518.6 |
1.5 |
866.5 |
Disaggregation of revenue with third parties |
24 |
|||
|
Q1 – Q2 2019 |
|||
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Total |
Western Europe |
2,289.1 |
281.4 |
9.8 |
2,580.3 |
Eastern Europe |
314.7 |
19.8 |
1.1 |
335.6 |
Middle East and Africa |
39.6 |
7.2 |
0.0 |
46.8 |
North America |
64.9 |
796.6 |
0.0 |
861.5 |
Central and South America |
100.8 |
2.8 |
0.0 |
103.6 |
Asia-Pacific |
334.6 |
101.8 |
0.0 |
436.4 |
Total revenue |
3,143.6 |
1,209.6 |
11.0 |
4,364.1 |
|
|
|
|
|
New business |
1,647.6 |
|
|
1,647.6 |
Service business |
1,496.0 |
|
|
1,496.0 |
– Aftersales |
785.2 |
|
|
785.2 |
– Rental business |
458.4 |
|
|
458.4 |
– Used trucks |
176.5 |
|
|
176.5 |
– Other |
75.9 |
|
|
75.9 |
Business solutions |
|
927.1 |
|
927.1 |
Service business |
|
282.5 |
|
282.5 |
Corporate Services |
|
|
11.0 |
11.0 |
Total revenue |
3,143.6 |
1,209.6 |
11.0 |
4,364.1 |
|
|
|
|
|
Timing of revenue recognition |
|
|
|
|
Products and services transferred at a point in time |
2,425.9 |
123.2 |
7.9 |
2,557.0 |
Products and services transferred over a period of time |
717.7 |
1,086.3 |
3.1 |
1,807.1 |
Disaggregation of revenue with third parties |
25 |
|||
|
Q1 – Q2 2018 |
|||
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Total |
Western Europe |
2,040.8 |
215.8 |
10.4 |
2,267.0 |
Eastern Europe |
254.3 |
4.4 |
1.5 |
260.1 |
Middle East and Africa |
41.6 |
15.8 |
0.0 |
57.4 |
North America |
67.4 |
729.8 |
0.0 |
797.2 |
Central and South America |
74.1 |
3.7 |
0.0 |
77.8 |
Asia-Pacific |
336.7 |
78.1 |
0.1 |
414.8 |
Total revenue |
2,814.9 |
1,047.6 |
12.0 |
3,874.4 |
|
|
|
|
|
New business |
1,404.2 |
|
|
1,404.2 |
Service business |
1,410.7 |
|
|
1,410.7 |
– Aftersales |
741.2 |
|
|
741.2 |
– Rental business |
434.1 |
|
|
434.1 |
– Used trucks |
159.4 |
|
|
159.4 |
– Other |
75.9 |
|
|
75.9 |
Business solutions |
|
803.5 |
|
803.5 |
Service business |
|
244.1 |
|
244.1 |
Corporate Services |
|
|
12.0 |
12.0 |
Total revenue |
2,814.9 |
1,047.6 |
12.0 |
3,874.4 |
|
|
|
|
|
Timing of revenue recognition |
|
|
|
|
Products and services transferred at a point in time |
2,137.0 |
112.7 |
9.1 |
2,258.8 |
Products and services transferred over a period of time |
677.9 |
934.9 |
2.9 |
1,615.6 |
Net financial expenses
The net financial expenses, representing the balance of financial income and financial expenses, improved slightly from €53.9 million in the first half of 2018 to €50.5 million in the first six months of this year. Of this amount, €17.8 million (H1 2018: €18.6 million) was attributable to current interest expense on loan liabilities and promissory notes. Negative currency effects totalling €8.6 million (H1 2018: €4.8 million) had an adverse impact on net financial expenses.
Interest income from leases in an amount of €24.9 million (H1 2018: €21.1 million) relates to the interest portion of lease payments in financial services transactions in which KION Group entities operate as lessors (finance leases).
Correspondingly, there was interest expense on leases of €25.7 million (H1 2018: €27.0 million) that is attributable both to liabilities from financing the leasing business and to liabilities from financing the short-term rental fleet.
Interest expense from procurement leases amounted to €7.8 million (H1 2018: €9.0 million).
Income taxes
In the consolidated interim financial statements, income taxes for the current reporting period are calculated on the basis of the expected income tax rate for the full year.