Exhitit 99.1
International Flavors & Fragrances Inc.
Geographical Information
As previously announced, effective January 1, 2001 the Company was reorganized
into five major geographic regions with an individual manager responsible for
each region. The five regions established were North America, Latin America,
Asia-Pacific, Europe and Central Asia, Middle East ("CAME"). The CAME region was
reconstitued as, and renamed the "Indian Subcontinent" (India, Pakistan and
other countries in the Indian Subcontinent). The Central Asia and Middle East
operations formerly included in CAME will from January 1, 2002 be included with
Europe. North and Latin America and Asia-Pacific were unaffected by the
geographic reorganization.
The tables below report IFF's historical geographical information for the years
2001 and 2000 based on the new regional organization:
North Indian Latin Asia-
2001 (Dollars in thousands) America Europe Subcontinent America Pacific Eliminations Consolidated
- -------------------------------------- --------- --------- ------------ --------- --------- ------------ ------------
Sales to unaffiliated customers $ 616,806 $ 682,574 $ 32,684 $ 245,517 $ 266,185 $ - $ 1,843,766
Transfers between areas 83,115 134,862 2,698 1,678 16,620 (238,973) -
--------- --------- ------------ --------- --------- ------------ ------------
Total sales $ 699,921 $ 817,436 $ 35,382 $ 247,195 $ 282,805 $ (238,973) $ 1,843,766
========= ========= ============ ========= ========= ============ ============
Segment profit $ 91,208 $ 163,190 $ 8,434 $ 53,876 $ 60,975 $ 2,691 $ 380,374
========= ========= ============ ========= ========= ============
Corporate and other unallocated expenses (48,624)
Amortization of goodwill and other intangibles (46,089)
Nonrecurring charges (30,069)
Interest expense (70,424)
Other income (expense), net 2,609
------------
Income before taxes on income $ 187,777
============
Segment assets $ 588,187 $ 508,205 $ 22,315 $ 139,359 $ 207,647 $ (41,916) $ 1,423,797
========= ========= ============ ========= ========= ===========
Unallocated assets 844,254
------------
Total assets $ 2,268,051
============
Unallocated
-----------
Capital expenditures $ 18,531 $ 20,441 $ 491 $ 1,559 $ 4,571 $ 6,423 $ 52,016
Depreciation and amortization 33,784 27,616 533 4,628 7,749 49,183 123,493
- --------------------------------------------------------- --------- ------------ --------- --------- ----------- ------------
North Indian Latin Asia-
2000 (Dollars in thousands) America Europe Subcontinent America Pacific Eliminations Consolidated
- --------------------------------------------------------- --------- ------------ --------- --------- ------------ ------------
Sales to unaffiliated customers $ 470,953 $ 560,803 $ 4,069 $ 220,287 $ 206,683 $ - $ 1,462,795
Transfers between areas 55,610 117,528 63 1,936 13,779 (188,916) -
--------- --------- ------------ --------- --------- ----------- ------------
Total sales $ 526,563 $ 678,331 $ 4,132 $ 222,223 $ 220,462 $ (188,916) $ 1,462,795
========= ========= ============ ========= ========= =========== ============
Segment profit $ 48,503 $ 161,896 $ 514 $ 39,063 $ 39,999 $ 1,762 $ 291,737
========= ========= ============ ========= ========= ===========
Corporate and other unallocated expenses (31,919)
Amortization of goodwill and other intangibles (7,032)
Nonrecurring charges (41,273)
Interest expense (25,072)
Other income (expense), net (2,314)
------------
Income before taxes on income $ 184,127
============
Segment assets $ 600,007 $ 603,674 $ 18,325 $ 175,161 $ 228,901 $ (31,737) $ 1,594,331
========= ========= ============ ========= ========= ===========
Unallocated assets $ 894,702
------------
Total assets $ 2,489,033
============
Unallocated
-----------
Capital expenditures $ 30,586 $ 14,628 $ 196 $ 4,806 $ 7,500 $ 2,980 $ 60,696
Depreciation and amortization 26,691 21,247 142 5,154 5,975 10,135 69,344
- --------------------------------------------------------- --------- ------------ --------- --------- ----------- ------------