AAK Annual Report 2018

100 The Group’s operations are organizationally divided into busi- ness segments based on product. The marketing organization also reflects this structure. All transactions between business segments are recog- nized at market value. Assets and liabilities not attributed to a segment include tax assets and tax liabilities, financial investments and financial liabilities, as well as cash and cash equivalents and interest-bearing receivables. The external sales are based on where our customers are located. The carrying amounts of assets and the direct invest- ment in plant for the period are determined by the location of the assets. The Group has applied hedge accounting based on fair-value hedging. Segment-based reporting is prepared in accordance with the accounting policies described in Note 2 ”Accounting Policies”. 27 Note Segment reporting Reporting by primary segments/business areas 2018 Food Ingredients Chocolate & Confectionery Fats Technical Products & Feed Group Functions Eliminations Group Net sales External sales 18,468 7,611 1,513 - - 27,592 Internal sales 2,115 5,109 3 - -7,227 - Group total 20,583 12,720 1,516 - -7,227 27,592 Operating profit/loss by business segment 2018 Food Ingredients Chocolate & Confectionery Fats Technical Products & Feed Group Functions Eliminations Group Operating profit/loss 1,205 747 155 -151 - 1,956 Total 1,205 747 155 -151 - 1,956 Other Assets 10,016 5,913 906 67 - 16,902 Unallocated assets - - - - 1,133 Group total 10,016 5,913 906 67 - 18,035 Liabilities 2,432 1,417 360 156 - 4,365 Unallocated liabilities - - - - - 4,674 Group total 2,432 1,417 360 156 - 9,039 Investments 442 243 28 8 - 721 Depreciation, amortization and impairment loss 293 216 36 7 - 552