1.1 Segment reporting (unaudited)

External segment reporting is based on the internal reporting that is used by the Executive Board to guide the company.

Due to the sale of cashgate AG (Consumer Finance business unit), internal management reporting and external segment reporting were adjusted in 2019. This means that the former Internal Financing segment is no longer reported separately.

Segment
Activity

Payment

The business unit Payment provides services for cashless payments via credit, prepaid, debit and customer cards to private and corporate customers, and also the associated transaction and customer services in this area. The majority of the business is linked to the Mastercard and Visa brands. The Payment division consists of Viseca Card Service SA and Contovista AG. The business unit’s main revenue streams come from interchange fees and commission, annual fees for cards, services, income from card transactions in foreign currencies and interest income. Contovista provides software solutions for banks and generates revenues from this business through projects and licences.

Consumer Finance

The Consumer Finance business offers leasing contracts and loans for consumer goods to personal and corporate customers. The business unit Consumer Finance is operated by cashgate. The main revenue streams are interest income, commission income and fees for chargeable services. This business unit was sold in 2019.

Corporate Functions

The result of Viseca Holding and the treasury services of Aduno Finance, which include the handling of payments and the processing of foreign currency transactions, are reported in this segment. The income from the sale of Group companies as well as cross-company consolidation items and reclassifications are also shown in this segment.

The following table contains information about the business segments at 30 June:

 

Payment

Consumer Finance

Corporate Functions

Consolidated

In 1,000 CHF

1st half year 2020

1st half year 2019

1st half year 2020

1st half year 2019

1st half year 2020

1st half year 2019

1st half year 2020

1st half year 2019

Operating income 1

190,121

230,313

0

50,300

78

639

190,199

281,252

Operating expenses 2

(197,787)

(203,941)

0

(38,362)

(4,043)

(2,967)

(201,830)

(245,270)

Operating result

(7,666)

26,371

0

11,938

(3,965)

(2,328)

(11,631)

35,982

Ordinary result

(7,698)

38,341

0

11,116

(4,005)

(4,148)

(11,703)

45,308

Non-operating result 1 / 2

(279)

(906)

0

(112)

279

2,157

0

1,139

Income taxes

(143)

(5,816)

0

(2,431)

0

(3,896)

(143)

(12,143)

Result for the period

(8,120)

31,619

0

8,573

(3,726)

(5,888)

(11,846)

34,305

1 The gain on sale of subsidaries in the previous year of CHF 1,139 thousand was reclassified from operating income to non-operating result.

2 The book loss in the previous year of CHF 24 thousand from sale of fixed assets was reclassified from non-operating result to operating expenses.