Clariant has grouped its activities into four Business Areas (reportable segments): Care Chemicals (BU ICS), Catalysis (BU Catalysts), Natural Resources (BU Oil & Mining Services, BU Functional Minerals) and Plastics & Coatings (BU Additives, BU Masterbatches, BU Pigments). The Energy Storage business which pertained to the BA Catalysis was sold in 2015.

Intersegment transactions are entered into under the normal circumstances and terms and conditions that would also be available to unrelated third parties.

Segment assets consist of property, plant and equipment, goodwill, intangible assets, inventories, receivables and investments in associates. They exclude deferred tax assets, financial assets and operating cash. Segment liabilities comprise trade payables. They exclude items such as tax liabilities, provisions, pension liabilities and corporate borrowings. Capital expenditure comprises additions to property, plant and equipment and intangibles.

In the context of the rearrangement of its portfolio of business activities, Clariant disposed the Leather Services business as per 30 April 2014. For these reasons, up to the transaction closing date, this business was reported as discontinued operations in the financial report.

On 28 February 2015, Clariant sold its Energy Storage Activities pertaining to the Business Area Catalysis to the UK-based Johnson Matthey. Therefore, the related assets and liabilities are reported as held for sale at the end of 2014.

All of the Group’s segments generate their revenues to the largest extent from the sale of products. These come in such a great variety that a meaningful grouping below the segment information is not possible. The amounts reported for sales cover only continuing operations for both years.

For a description of the Business Units see note 1.23.