V. Notes to the Segment Report

Segment information is provided on the basis of the business segments for internal reporting purposes. Segmentation according to the Technology and Services Divisions is performed in agreement with the internal reporting structure of the technotrans Group.

The Technology segment generates revenue through the sale of equipment and systems in the field of liquid technology, in the application areas of cooling and temperature control (“temperature control” Business Unit), filtering separating (“fluid conditioning” Business Unit) as well as spraying and pumping (“ink technology” Business Unit). The Services segment generates revenue through after-sales service activities, installation, maintenance, servicing and the supplying of spare parts, as well as through compiling technical documentation and producing and selling software for the compilation of documentation. The revenue generated by gds Sprachenwelt GmbH from translation services is equally allocated to the Services segment.

Revenue in the 2017 and 2017 financial years was generated in the following areas:

The revenue amounting to € 205,095 thousand (2016: € 151,792 thousand) comprises € 110,338 thousand (2016: € 80,007 thousand) generated in Germany and € 94,757 thousand (2016: € 71,785 thousand) generated internationally. The latter component included € 18,087 thousand (2016: € 14,502 thousand) from the USA and € 7,699 thousand (2014: € 4,633 thousand) from China. Revenue is classified on the basis of the domicile of the customer with which the revenue is realised.

The non-current assets amounting to € 57,773 thousand (2016: € 52,049 thousand) can be broken down by region as follows: Germany € 55,800 thousand (2016: € 50,100 thousand) and international € 1,973 thousand (2016: € 1,949 thousand).

The delivery prices for transactions between the segments are generally agreed on the same basis as transactions between a group company and a third party.

The segment information comprises both directly allocable amounts and amounts that can reasonably be split. No reconciliation between the segment and consolidated data is required, as the figures in the segment information coincide with those in the Consolidated Income Statement and Cash Flow Statement. The result for the segments corresponds to the earnings before interest and taxes (EBIT) in the Income Statement. The accumulated result for both segments of € 17,438 thousand (2016: € 9,731 thousand), reduced by the net finance costs reported in the Income Statement of € -475 thousand (2016: € -575 thousand), produces the accounting profit of € 16,963 thousand (2016: € 9,156 thousand).

Within the group’s total revenues, one customer of the Technology and Services group segments accounts for € 23 million of the group’s total revenues.