Income statement, balance sheet and cash flow statement

 
The income statement, balance sheet and cash flow statement presented below have been prepared in accordance with International Financial Reporting Standards (IFRS).

Consolidated income statement	IFRS	IFRS	change,	change,
(EUR million)	1-12/2010	1-12/2009	MEUR	%
Revenue	484.8	390.5	94.3	24.2
Other operating income	3.2	2.6	0.7	25.2
Change in inventories of finished goods and work in progress	29.7	-10.3	40.1	-388.3
Use of materials and services	-437.8	-313.5	-124.4	39.7
Employee benefit expenses	-49.6	-44.5	-5.1	11.5
Depreciation and impairments	-3.5	-3.7	0.2	-4.4
Other operating expenses	-13.8	-10.4	-3.4	32.8
Operating profit	13.0	10.7	2.3	21.7
Financial income	2.1	6.0	-3.9	-64.6
Financial expenses	-7.5	-10.2	2.7	-26.1
Financial income and expenses, total	-5.4	-4.2	-1.2	29.8
Profit before taxes	7.6	6.5	1.1	16.5
Income taxes	-2.5	-3.6	1.2	-32.1
Net profit for the period	5.2	2.9	2.2	76.8
Attributable to
Equity holders of the parent company	6.4	2.9
Minority interest	-1.2	0
Earnings per share calculated on the profit attributable to equity holders of the parent company (undiluted and diluted)	0.19	0.08		137.5
Statement of comprehensive income	IFRS	IFRS
(EUR million)	1-12/2010	1-12/2009
Net profit for the period	5.2	2.9
Items recognised directly in equity:
Exchange differences on translating foreign operations	0	0
Available for sale financial assets	0.1	0
Income (loss) recognised directly in equity net of tax	0	0
Total comprehensive income for the period	5.2	2.9
Profit for the period attributable to:
Equity holders of the parent company	6.4	2.9
Minority interest	-1.2	0
Consolidated balance sheet	IFRS	IFRS	change,
(EUR million)	31.12.2010	31.12.2009	%
ASSETS
Non-current assets
Property. plant and equipment	14.0	16.3	-14.1
Goodwill	1.7	1.7	0
Other intangible assets	0.4	0.5	-18.3
Other financial assets	5.2	4.8	7.9
Receivables	21.9	16.2	35.4
Deferred tax assets	5.5	2.3	142.0
Non-current assets. total	48.7	41.7	16.7
Current assets
Inventories	338.9	292.2	16.0
Trade and other receivables	81.9	76.9	6.5
Current tax receivables	1.5	1.9	-18.9
Cash and cash equivalents	9.0	5.2	71.8
Current assets. total	431.3	376.2	14.6
ASSETS. TOTAL	480.0	418.0	14.9
Consolidated balance sheet	IFRS	IFRS	change,
(EUR million)	31.12.2010	31.12.2009	%
EQUITY AND LIABILITIES
Equity attributable to equity holders of the parent company
Share capital	3.1	3.1	0
Invested free equity fund	87.8	87.3	0.5
Translation differences	-0.1	-0.1	13.7
Fair value reserve	0	-0.1	-100.0
Retained earnings	63.7	69.9	-8.9
Equity attributable to equity holders of the parent company. total	154.4	160.1	-3.6
Minority interest	2.7	3.8	-27.1
Equity. total	157.1	163.9	-4.1
Non-current liabilities
Deferred tax liabilities	0.8	0.5	58.2
Provisions	4.2	4.8	-11.6
Interest-bearing liabilities	78.8	96.9	-18.7
Other liabilities	1.3	0.8	70.4
Non-current liabilities. total	85.1	102.9	-17.3
Current liabilities
Trade and other payables	79.7	56.4	41.2
Current tax payables	3.4	2.6	31.0
Provisions	3.5	3.8	-8.0
Interest-bearing liabilities	151.1	88.2	71.3
Current liabilities. total	237.8	151.1	57.3
Liabilities. total	322.9	254.1	27.1
EQUITY AND LIABILITIES	480.0	418.0	14.9
Consolidated cash flow statement	IFRS	IFRS
(EUR million)	1-12/2010	1-12/2009
Cash flows from operating activities
Net profit for the period	5.2	2.9
Adjustments:
Depreciation and impairments	3.5	3.7
Non-cash transactions	0.6	2.7
Financial income and expenses	5.4	4.2
Capital gains on sales of tangible and intangible assets	0	0
Income taxes	2.5	3.6
Adjustments. total	12.0	14.1
Changes in working capital:
Change in loan receivables	1.1	-13.5
Change in trade and other receivables	-10.6	17.7
Change in inventories	-46.4	10.0
Change in trade and other payables	22.9	-12.3
Changes in working capital. total	-33.0	1.9
Interest paid	-7.7	-12.7
Interest received	0.8	5.7
Dividends received	0.1	0
Income taxes paid	-4.2	-5.9
Net cash flow from operating activities	-26.8	6.1
Cash flow from investing activities
Acquisition of subsidiaries. net of cash	-0.3	-2.3
Property. plant and equipment	-1.5	-0.8
Intangible assets	-0.1	-0.1
Other financial assets	-0.4	-0.5
Sale of property. plant and equipment and intangible assets	0.1	0
Sale of financial assets	0	0
Net cash used in investing activities	-2.2	-3.7
Cash flows from financing activities
Proceeds from loans	15.4	19.6
Repayments of loans	-6.1	-22.2
Change in loan receivables	0	0
Change in housing corporation loans	-2.2	-9.2
Change in credit limits	38.2	17.5
Purchase of treasury shares	-8.5	-1.8
Dividends paid	-4.1	-4.4
Net cash from financing activities	32.8	-0.6
Net change in cash and cash equivalents	3.7	1.8
Cash and cash equivalents at the beginning of period	5.2	3.4
Cash and cash equivalents at the end of period	9.0	5.2