CEVA Holdings LLC – Quarter One 2017 Interim Financial Statements
14
Geographical information The geographical results for the three months ended 31 March 2017 and 31 March 2016 are as follows:
7. Specific Items and SBC
THREE MONTHS ENDED 31 MARCH
millions Freight
Management Contract
Logistics Total
Total segment revenue 680
885 1,565
Inter-segment revenue -
1 1
Revenue from external customers 680
886 1,566
EBITDA before specific items and SBC 10
36 46
Specific items and SBC 4
EBITDA 42
Depreciation, amortization and impairment 38
Operating income 4
Net finance income expense 43
Net result from joint ventures 4
ProfitLoss before income taxes 35
EBITDA before specific items and SBC, as a of revenue 1.5
4.1 2.9
2016
millions
Americas Asia Pacific
Europe Total
Total segment revenue 551
399 646
1,596 Inter-segment revenue
- -
- -
Revenue from external customers 551
399 646
1,596 EBITDA before specific items and SBC
4 18
23 45
Specific items and SBC 11
EBITDA 34
Depreciation, amortization and impairment 26
Operating income 8
Net finance income expense 53
Net result from joint ventures 4
ProfitLoss before income taxes 41
2017 THREE MONTHS ENDED 31 MARCH
millions Americas
Asia Pacific Europe
Total Total segment revenue
539 368
660 1,567
Inter-segment revenue 1
- -
1
Revenue from external customers 538
368 660
1,566 EBITDA before specific items and SBC
7 17
22 46
Specific items and SBC 4
EBITDA 42
Depreciation, amortization and impairment 38
Operating income 4
Net finance income expense 43
Net result from joint ventures 4
ProfitLoss before income taxes 35
THREE MONTHS ENDED 31 MARCH 2016
THREE MONTHS ENDED 31 MARCH
millions 2017
2016
Personnel expenses 7
1 Other operating expenses
4 3
Total incomeexpense before income taxes 11
4
CEVA Holdings LLC – Quarter One 2017 Interim Financial Statements
15 The following table provides a detailed split on the specific items and SBC:
THREE MONTHS ENDED 31 MARCH
millions 2017
2016
Restructuring and transformation 6
4 Litigation and legacy tax
2 -
Share based compensation 3
-
Total incomeexpense before income taxes 11
4
Restructuring and transformation For the three months ended 31 March 2017, restructuring and transformation costs consisted of severance costs and provisions arising
predominantly in the North America, Benelux, Italy, Germany and BAMECA clusters. For the three months ended 31 March 2016, severance costs were incurred from cost reduction programs implemented by the Group.
Litigation and legacy tax Litigation charges within other operating expenses incurred in the three months ended 31 March 2017 related predominantly to increases
in provisions for compensation in certain litigation and external advice. Share based compensation
Since 2016 non-cash share based compensation costs have been booked in a similar manner as specific items. These primarily relate to the issuance of shares in Holdings and grant of Holdings equity awards to certain members of management under the Holdings 2013 Long-Term
Incentive Plan in July 2016. These costs are included within personnel expenses.
8. Income Tax
