Fiven Annual Report 2020

NON-CURRENT ASSETS IN THE SEGMENTS: 2020 Amounts in EUR thousand Fiven Norway Fiven Brazil Fiven Belgium Other Total segment reporting Tangible assets 16,265 9,542 1,511 3 27,321 Intangible assets 13,952 1,041 262 - 15,254 Goodwill 5,390 - - - 5,390 Total non-current assets 35,607 10,583 1,773 3 47,965 2019 Amounts in EUR thousand Fiven Norway Fiven Brazil Fiven Belgium Other Total segment reporting Tangible assets 17,163 17,317 1,295 - 35,775 Intangible assets 145 430 - 12,766 13,341 Goodwill - - - 2,391 2,391 Total non-current assets 17,308 17,746 1,295 15,157 51,507 The Alternative Performance Measures (APMs) are further explained in the APM attachment to the annual report. Operating segment information Segment performance is evaluated based on EBITDA adjusted (as defined in the APM attachment). Fiven's financing and taxes are managed on a group basis and are not allocated to operating segments. EBITDA adjusted includes positive IFRS 16 impact and excludes non-recurring transaction costs, carve-out costs and other transition costs. Eliminations comprise mainly of intersegment sales. Transactions between operating segments are conducted on an arm's length basis in a manner similar to transactions with third parties. The accounting policies used for segment reporting reflect those used for the group. Fiven has several large customers, of which top 10 customers accounted for 56 per cent of revenues in 2020. Fiven Annual Report 2020 44   Financial statements