This excerpt taken from the DANKY 10-K filed Feb 13, 2007.
As discussed under the heading Amendment No. 1 Explanatory Note on page 4 and further described in the Notes to the Consolidated Condensed Financial Statements, we have restated our consolidated condensed financial statements and other financial information.
Based on revenue, Danka Business Systems PLC (also referred to herein as Danka, the Company, we, us or our) is one of the largest independent providers of print products and services in the United States and Europe/Australia. This includes the provision of office imaging equipment, document solutions and related services and supplies with the objective of assisting in the management of our customers print network and print output requirements to manage efficiencies in their businesses. We offer a wide range of state of the art office imaging products, peripherals and solutions that primarily include digital and color copiers, digital and color multi-function peripherals (MFPs), facsimile machines, printers and software. We also provide a wide range of contract services, including professional and consulting services, maintenance, supplies, leasing arrangements, technical support and training on the installed base of equipment created primarily by our retail equipment and related sales.
Dankas mission is to deliver value to clients worldwide by using our expert sales, technical and professional services and products to implement effective document information solutions and services. Our product portfolio is designed to provide our customers with choice, convenience, custom cost management and continuity. Our vision is to empower our customers to benefit fully from the convergence of image and document technologies in a connected environment. This approach will strengthen our client relationships and expand Dankas strategic value.
Our strategy to accomplish our mission is to:
We currently operate in over 15 countries. Our reportable segments are the United States and Europe/Australia, which include operations that are experiencing political, social and/or economic difficulty. We continue to evaluate the viability and future prospects of the operations in certain countries in light of uncertain conditions. Based on these evaluations, we sold our operations in Canada and Central and South America during fiscal year 2006, and we sold our operations in Portugal and Russia during fiscal year 2005. Should we decide to downsize or exit any of our other operations in the future, we could incur costs in respect of severance and closure of facilities and we may also be required to realize cumulative translation losses and minimum pension liabilities that would reduce our earnings, all or any of which may have a material impact on our operating results.
All tables presented herein are in thousands unless otherwise noted.