5. Segment information: According to geographic segments
The Group is organized and managed by means of individual countries. For the definition of business segments to be disclosed, the Group has aggregated companies of individual countries on the basis of similar economic structures (foreign exchange risks, growth perspectives, element of an economic area), similar products and trade landscapes, and economic attributes (gross profit margins).
The three business segments to be disclosed are:
The Group considers the operating result as the segment result. Transactions between segments are valued and recorded in accordance with the cost-plus method.
Segment income
| Segment Europe | Segment NAFTA | All other segments | Total | |||||
| CHF million | 2015 | 2014 | 2015 | 2014 | 2015 | 2014 | 2015 | 2014 |
| Sales | 1,924.6 | 2,003.1 | 1,588.7 | 1,259.4 | 414.0 | 393.8 | 3,927.3 | 3,656.3 |
| Less sales between segments | 261.4 | 258.9 | 12.6 | 12.0 | – | – | 274.0 | 270.9 |
| Third party sales | 1,663.2 | 1,744.2 | 1,576.1 | 1,247.4 | 414.0 | 393.8 | 3,653.3 | 3,385.4 |
| Operating profit | 263.7 | 259.4 | 205.7 | 165.6 | 49.4 | 49.3 | 518.8 | 474.3 |
| Net financial result | – 7.3 | – 1.8 | ||||||
| Income before taxes | 511.5 | 472.5 | ||||||
| Taxes | – 130.5 | – 129.9 | ||||||
| Net income | 381.0 | 342.6 | ||||||
The following countries achieved the highest sales group wide in 2015:
Balance sheet and other information
| Segment Europe | Segment NAFTA | All other segments | Total | |||||
| CHF million | 2015 | 2014 | 2015 | 2014 | 2015 | 2014 | 2015 | 2014 |
| Assets 1) | 3,935.1 | 3,401.2 | 2,107.4 | 2,015.4 | 216.5 | 164.9 | 6,259.0 | 5,581.5 |
| Liabilities 1) | 2,295.5 | 2,120.8 | 335.8 | 344.6 | 138.0 | 114.4 | 2,769.3 | 2,579.8 |
| Investments | 116.4 | 151.2 | 94.8 | 58.3 | 41.6 | 25.1 | 252.8 | 234.6 |
| Depreciation and amortization | 78.5 | 76.4 | 44.0 | 31.1 | 3.5 | 2.4 | 126.0 | 109.9 |
| Impairment | 0.9 | 3.5 | – | 0.1 | 0.1 | 0.2 | 1.0 | 3.8 |
1) Assets of CHF 4.9 million (CHF –7.6 million in 2014) and liabilities of CHF 71.3 million (CHF 52.3 million in 2014) which cannot be clearly allocated to a particular segment are disclosed in the category “All other segments”.
The following countries held the greatest portion of fixed and intangible assets group wide in 2015: