12.1. Financial results of the segments

The operating segments results are assessed mainly on the basis of revenue, operating profit (EBIT), operating profit plus depreciation and amortisation (EBITDA), and capital expenditure.

The tables below present revenue and profits as well as assets and liabilities of the particular operating segments of the Group.

Year 2023	FPS	EPS	ASS	Other	Eliminations	Total
Statement of profit or loss
Sales	1,206,401	2,107,783	2,372,088	24,003	(491,672)	5,218,603
outside of the Group	1,206,272	1,640,951	2,370,949	431	0	5,218,603
to related parties	129	466,832	1,139	23,572	(491,672)	0
Dividends from related companies	0	0	0	444,364	(444,364)	0
Write-down of materials and trade goods	1,041	746	(5,371)	0	0	(3,584)
Write-downs of receivables	285	2,475	674	0	0	3,434
Write-downs of property, plant and equipment, and intangible assets	0	(622)	(101)	0	0	(723)
Operating profit (EBIT)	156,928	217,236	348,350	418,191	(453,293)	687,412
Depreciation	33,377	81,000	62,882	3,245	99	180,603
EBITDA	190,305	298,236	411,232	421,436	(453,194)	868,015
Interest income	4,657	291	741	168	(3,283)	2,574
Interest costs and discounts	(7,701)	(11,669)	(36,130)	(5,253)	3,283	(57,470)
Profit before tax	148,877	197,010	314,581	414,920	(453,210)	622,178
Income tax	(30,114)	(13,474)	(48,941)	8,634	1,697	(82,198)
Net profit	118,763	183,536	265,640	423,554	(451,513)	539,980
Balance sheet
Total assets	1,010,919	1,433,117	1,378,255	396,516	(563,486)	3,655,321
Liabilities	248,288	618,566	952,605	156,772	(211,297)	1,764,934
Other data
Expenditures on property, plant and equipment, and intangible assets	21,524	198,782	144,094	13,971	0	378,371

Year 2022	FPS	EPS	ASS	Other	Eliminations	Total
Statement of profit or loss
Sales	1,516,628	2,451,380	2,439,664	21,302	(498,109)	5,930,865
outside of the Group	1,516,508	1,976,346	2,437,649	362	0	5,930,865
to related parties	120	475,034	2,015	20,940	(498,109)	0
Dividends from related companies	0	0	0	501,948	(501,948)	0
Write-down of materials and trade goods	(875)	(3,003)	1,771	0	0	(2,107)
Write-downs of receivables	(659)	(1,890)	2,209	0	0	(340)
Write-downs of property, plant and equipment, and intangible assets	0	(9,024)	(1,379)	0	0	(10,403)
Write-down of goodwill	0	(61)	0	0	0	(61)
Operating profit (EBIT)	296,681	256,731	320,292	480,747	(489,268)	865,183
Depreciation	33,366	72,093	57,813	2,876	104	166,252
EBITDA	330,047	328,824	378,105	483,623	(489,164)	1,031,435
Interest income	554	104	321	190	0	1,169
Interest costs and discounts	(8,818)	(18,578)	(29,165)	(2,894)	0	(59,455)
Profit before tax	286,832	237,037	287,831	476,525	(489,268)	798,957
Income tax	(51,783)	(23,148)	(49,985)	8,086	(2,475)	(119,305)
Net profit	235,049	213,889	237,846	484,611	(491,743)	679,652
Balance sheet
Total assets	1,139,746	1,210,908	1,386,191	582,212	(432,914)	3,886,143
Liabilities	283,669	654,596	999,874	102,887	(96,469)	1,944,557
Other data
Expenditures on property, plant and equipment, and intangible assets	7,321	211,303	143,406	25,010	0	387,040

The column ‘Eliminations’ contains inter-segment transactions and consolidation adjustments. In the statement of profit or loss it is mainly related to the sale of aluminium profiles by the EPS to the ASS, and dividends paid by the segments to the parent company. As regards assets and liabilities, eliminations comprise mainly investments in financial assets (shares and interests) and inter-segment settlements.

All of the transactions are concluded on arm’s length basis.

12. Information on operating segments

12.2. Geographic structure of non-current assets