UNBOUNCE - EXAMPLE PAGE-REPORT-ENTERPRISE DOCUMENT-KINGSPAN - Flipbook - Page 142
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2021 (continued)
2
Segment Reporting
In identifying the Group’s operating segments, management based its decision on the product supplied by each segment and the fact
that each segment is managed and reported separately to the Chief Operating Decision Maker. These operating segments are monitored
and strategic decisions are made on the basis of segment operating results.
Operating segments
The Group has the following five operating segments:
Insulated Panels
Manufacture of insulated panels, structural framing and metal facades.
Insulation
Manufacture of rigid insulation boards, technical insulation and engineered timber systems.
Light & Air
Manufacture of daylighting, smoke management and ventilation systems.
Water & Energy
Manufacture of energy and water solutions and all related service activities.
Data & Flooring
Manufacture of data centre storage solutions and raised access floors.
Analysis by class of business
Segment revenue and disaggregation of revenue
Total revenue – 2021
Total revenue – 2020
Disaggregation of revenue 2021
Point of Time
Over Time & Contract
Disaggregation of revenue 2020
Point of Time
Over Time & Contract
Insulated
Panels
€m
Insulation
Light & Air
Data &
Flooring
€m
Total
€m
Water &
Energy
€m
€m
4,229.2
2,917.4
1,182.9
787.0
552.2
445.5
261.3
202.7
271.4
223.4
6,497.0
4,576.0
4,210.9
18.3
4,229.2
1,152.0
30.9
1,182.9
296.3
255.9
552.2
258.8
2.5
261.3
240.1
31.3
271.4
6,158.1
338.9
6,497.0
2,908.4
9.0
2,917.4
759.8
27.2
787.0
227.3
218.2
445.5
200.9
1.8
202.7
199.8
23.6
223.4
4,296.2
279.8
4,576.0
€m
The disaggregation of revenue by geography is set out in more detail on page 140.
The segments specified above capture the major product lines relevant to the Group.
The combination of the disaggregation of revenue by product group, geography and the timing of revenue recognition capture the key
categories of disclosure with respect to revenue. Typically, individual performance obligations are specifically called out in the contract
which allow for accurate recognition of revenue as and when performances are fulfilled. Given the nature of the Group’s product set,
customer returns are not a significant feature of our business model. No further disclosures are required with respect to disaggregation of
revenue other than what has been presented in this note.
Inter-segment transfers are carried out at arm’s length prices and using an appropriate transfer pricing methodology. As inter-segment
revenue is not material, it is not subject to separate disclosure in the above analysis. For the purposes of the segmental analysis,
corporate overheads have been allocated to each division based on their respective revenue for the year.
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