This trend is driving demand for Web-based financial consolidation and reporting solutions that can shorten the time it takes to collect, consolidate and deliver financial results that meet the line of business reporting
needs of internal management as well as the changing reporting requirements of the investment community.
Statement of Financial Accounting Standards 131 "Disclosures about Segments of an Enterprise and Related Information" requires that if a reorganization causes the chief decision-maker to alter the way that performance is assessed and resources are allocated inside the company, then the line of business reporting
should change to reflect this.
In a change in its line of business reporting
announced last week in connection with the Company's 1995 first-quarter earnings, the Information Services Group, as the ancillary marketing and electronic publishing arm of The Times, is now included in the newspaper line of business.
Unaudited Pro-Forma Line of Business Reporting
(in thousands) Quarter Ended March 31, 2001 Core Platform OpenTVi Total Company Revenues: Royalties $ 10,130 $ -- $ 10,130 Services and other 8,690 -- 8,690 License fees 2,518 -- 2,518 Applications -- 1,039 1,039 Total revenues 21,338 1,039 22,377 Cost of services 6,980 -- 6,980 Contribution margin 14,358 1,039 15,397 Marketing -- BSkyB hard drive set-top box -- 8,375 8,375 Other operating expenses 11,256 11,466 22,722 Operating profit (loss) $ 3,102 $ (18,802) $ (15,700)