TeliaSonera’s operating model is based on geographical areas. The group’s operations are managed and reported by the two operating segments; region Sweden and region Europe. The regions are country-based organizations and the head of each region reports directly to the CEO. Other operations are collectively reported. The former segment region Eurasia is classified as held for sale and discontinued operations as of December 31, 2015, and is therefore not included in the segment information. Comparative segment information for 2014 has been restated. See Note C34
“Discontinued operations and assets classified as held for sale” for information on discontinued operations.
- Region Sweden comprises TeliaSonera’s mobile, broadband and fixed-line operations in Sweden.
- Region Europe comprises TeliaSonera’s mobile, broadband and fixed-line operations in Finland, Norway, Denmark, Lithuania, Latvia, Estonia and Spain.
- Other operations include the international carrier operations, customer financing and dunning operations, TeliaSonera Holding, TeliaSonera’s shareholding in the associates Russian MegaFon and Turkish Turkcell as well as Group functions.
Segment information is based on the same accounting principles as for the group as a whole. Inter-segment transactions are based on commercial terms. Besides Net sales and Operating income, principal segment control and reporting concepts are EBITDA excluding non-recurring items, Investments in associated companies and joint ventures, Other operating segment assets and Operating segment liabilities, respectively (see Definitions).
Operating segment assets comprise total assets less non-operating interest-bearing receivables, long term and short term investments, pension obligation assets, foreign currency derivatives, accrued interest, tax assets and cash and cash equivalents. Operating segment liabilities contain total liabilities less non-operating interest-bearing liabilities, provisions for pensions and employment contracts, foreign currency derivatives, accrued interest and tax liabilities. For information on distribution of goodwill by reportable segments, see Note C12 “Goodwill and other intangible assets.”