For management's internal purposes the Group is currently organised into three operating divisions which are the basis on which the Group reports its primary segmental information.

Principal activities are as follows:

• Westcon International – Value-added technology distributor of industry-leading solutions. Provides class-leading cyber security, network infrastructure, unified collaboration products, data centre solutions, channel support services and financing/leasing solutions for ICT customers;
• Logicalis – International solutions provider of digital services; and
• Corporate and Management Consulting – Management Consulting provides strategic, trusted advisory, modelling and market intelligence services to the TMT industries. Corporate includes Group head office companies and Group consolidation adjustments.

Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker. The chief operating decision maker, who is responsible for allocating resources and assessing performance of the operating segments, has been identified as the executive directors that make strategic decisions.

	Westcon International~		Logicalis		Corporate and Management Consulting~		Datatec Group Total
USD'000	Audited  Year ended  28 February  2022	Audited  Year ended  28 February  2021	Audited  Year ended  28 February  2022	Audited  Year ended  28 February  2021	Audited  Year ended  28 February  2022	Audited  Year ended  28 February  2021	Audited  Year ended  28 February  2022	Audited  Year ended  28 February  2021
REVENUE	2 890 439	2 585 678	1 655 959	1 449 543	90 384	74 242	4 636 782	4 109 463
Revenue from product sales	2 810 644	2 508 973	1 008 894	839 512	–	1 049	3 819 538	3 349 534
Revenue from sales of hardware	1 679 219	1 529 146	724 806	654 739	(40 970)	(20 948)	2 363 055	2 162 937
Revenue from sales of software*	1 115 401	946 877	284 180	184 439	(11 393)	(14 944)	1 388 188	1 116 372
Revenue from vendor resold services and product maintenance sales	68 554	69 736	–	747	(259)	(258)	68 295	70 225
Inter-segmental revenue	(52 530)	(36 786)	(92)	(413)	52 622	37 199	–	–
Revenue from services	69 527	68 010	230 106	209 267	81 662	65 553	381 295	342 830
Revenue from professional services	70 258	68 241	230 106	209 267	80 931	65 322	381 295	342 830
Inter-segmental revenue	(731)	(231)	–	–	731	231	–	–
Revenue from annuity services	10 268	8 695	416 959	400 764	8 722	7 640	435 949	417 099
Revenue from cloud services	–	–	47 588	47 653	–	–	47 588	47 653
Revenue from software services*	10 310	8 754	–	–	(42)	(59)	10 268	8 695
Revenue from other annuity services	–	–	369 371	353 111	8 722	7 640	378 093	360 751
Inter-segmental revenue	(42)	(59)	–	–	42	59	–	–
Restructuring costs	–	7 764	–	14 138	–	476	–	22 378
EBITDA	68 071	44 782	92 534	81 931	(6 072)	(8 081)	154 533	118 632
RECONCILIATION OF OPERATING PROFIT/(LOSS) TO PROFIT/(LOSS) FOR THE YEAR
Operating profit/(loss)	43 562	22 215	48 878	40 265	(10 309)	(12 507)	82 131	49 973
Interest income	546	728	1 076	770	649	397	2 271	1 895
Finance costs	(11 825)	(10 933)	(21 386)	(16 373)	(369)	(281)	(33 580)	(27 587)
Share of equity-accounted investment (losses)/earnings	–	–	(1 161)	362	734	546	(427)	908
Acquisition-related fair value adjustments	–	–	567	–	–	–	567	–
Other (expenses)/income	(27)	55	–	–	–	–	(27)	55
Profit/(loss) before taxation	32 256	12 065	27 974	25 024	(9 295)	(11 845)	50 935	25 244
Taxation	(1 413)	(3 694)	(7 822)	(13 813)	(1 367)	(2 033)	(10 602)	(19 540)
Profit/(loss) for the year	30 843	8 371	20 152	11 211	(10 662)	(13 878)	40 333	5 704
ASSETS AND LIABILITIES
Total assets	1 443 308	1 336 059	1 368 729	1 296 818	200 196	164 381	3 012 233	2 797 258
Total liabilities	1 325 785	1 170 444	986 713	935 536	68 789	50 657	2 381 287	2 156 637

*	Includes software as a service revenues.
~	Datatec Financial Services has been included in the Westcon International segment in February 2022 and in the Corporate segment in February 2021.

Sales and purchases between Group companies are concluded on normal commercial terms in the ordinary course of business. The inter-group sales of goods and provision of services for the period ended 28 February 2022 amounted to US$53.4 million (FY21: US$37.5 million). During the period, the Group made sales totalling US$49.0 million (FY21: US$58.2 million) and received management fees of US$0.3 million (FY21: US$0.4 million) from its associate Esource Resources, LLC. As at 28 February 2022, US$3.2 million (FY21: US$1.1 million) was due from Esource Resources, LLC and US$0.01 million (FY21: US$0.03 million) was due to Esource Resources, LLC.