Handelsbanken's historical segment information has been adjusted due to the changeover to a new standard for business segment reporting (IFRS 8 Operating segments) to be applied from the 2009 financial year inclusive.

 

According to IFRS 8, the segment information is to be presented according to the same principles as those used internally. For the Handelsbanken Group, this mainly implies changes in the presentation of segment revenue which in accordance with the new policies, is reported before internal profit allocation at product level. The allocation of profits for each segment is reported after the operating profit on a separate line in the income statement. In addition, internal revenue and expenses calculated according to the cost price principle are presented net on a separate line in the segment information. The only change in the division of segments is that the "Other operations" segment comprises fewer items than before. The items that are no longer included in "Other operations" are now included in the eliminations column. In other respects, the application of IFRS 8 has only resulted in a few minor changes. Historical segment information has been restated for the period Q1 2008 to Q4 2008.

 

The press release and Excel files showing the restated segment information can be downloaded from the Bank's website at www.handelsbanken.se/ireng.