Note 2. Operating segments
The segment information is based
\u00a0
on the Group's organisation and
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management reporting structure.
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Apetit\u2019s continuing operations
\u00a0
are Food Solutions and Oilseed
\u00a0
Products. In addition, Apetit reports
\u00a0
Group Functions, consisting
\u00a0
of the expenses related to
Group management, strategic projects
\u00a0
and listing on the stock exchange,
\u00a0
that are not allocated to the
\u00a0
business segments.
Grain Trade is reported as a discontinued
\u00a0
operation starting from the
\u00a0
Q1/2022 Business Review. The divestment
\u00a0
of the Estonian grain trade business to
Scandagra was completed on 10
\u00a0
March 2022, and the divestment
\u00a0
of the Lithuanian business was completed
\u00a0
on 31 March 2022. The divestment of the
\u00a0
Finnish
operations of the Grain Trade business
\u00a0
to Berner Ltd was completed
\u00a0
on 31 May 2022.
Intra-group sales take place at arm\u2019s
\u00a0
length prices. The
\u00a0
assets and liabilities of a segment
\u00a0
are such items of the business
\u00a0
operations that the segment uses
\u00a0
in its
business operations or that can be
\u00a0
allocated to a segment on reasonable
\u00a0
basis. Tax and financing items together
\u00a0
with items common to the whole
\u00a0
Group are
unallocated assets and liabilities. Reported
\u00a0
figures are based on IFRS
\u00a0
standards.
Apetit Plc reports group management
\u00a0
fees in net sales due to a change
\u00a0
in the classification of a business
\u00a0
area. Comparative information
\u00a0
has been updated to
reflect the changed reporting method.