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)	1-12/2011	1-12/2010	MEUR	%
Revenue	672.2	484.2	188	38.8
Other operating income	4.5	3.2	1.2	38.0
Change in inventories of finished goods and work in progress	6.1	28.2	-22.1	-78.4
Use of materials and services	-593.2	-435.8	-157.3	36.1
Employee benefit expenses	-55.7	-49.6	-6.1	12.2
Share of results of associated companies	-1.1	-0.4	-0.7
Depreciation and impairments	-3.76	-3.5	-0.2	7.0
Other operating expenses	-15.0	-13.8	-1.2	8.4
Operating profit		12.5	1.6	13.2
Financial income	5.4	3.1	1.1	34.5
Financial expenses	-8.7	-7.6	0.2	-2.2
Financial income and expenses, total	-3.3	-4.5	1.2	-27.5
Profit before taxes	10.8	7.9	2.9	36.3
Income taxes	-5.5	-2.8	-2.7	98.2
Net profit for the period	5.3	5.2	0.2	3.1
Attributable to	5.9	6.4
Equity holders of the parent company	-0.5	-1.2
Minority interest	0.17	0.19
Earnings per share calculated on the profit attributable to equity holders of the parent company (undiluted and diluted)
Statement of comprehensive income	IFRS	IFRS
(EUR million)	1-12/2011	1-12/2010
Net profit for the period	5.3	5.2
Items recognised directly in equity:
Translation differences	0.1	0.0
Available for sale financial assets	0.0	0.1
Income (loss) recognised directly in equity net of tax	0.1	0.0
Total comprehensive income for the period	5.4	5.2
Profit for the period attributable to:
Equity holders of the parent company	5.9	6.4
Minority interest	-0.5	-1.2
Consolidated balance sheet	IFRS	IFRS	change,
(EUR million)	31.12.2011	31.12.2010	%
ASSETS
Non-current assets
Property, plant and equipment	15.2	14	9
Goodwill	1.7	1.7	0
Other intangible assets	0.5	0.4	29
Other financial assets	10.8	5.2	109.3
Receivables	8.2	10.1	-18.5
Loan receivables from associated companies and joint ventures	13	12.7	1.9
Deferred tax assets	5	5.1	-2.1
Non-current assets, total	54.4	49.2	10.8
Current assets
Inventories	354.4	323.8	9.5
Trade and other receivables	133.5	65	105.4
Loan receivables from associated companies and joint ventures	32	31.4	1.9
Current tax receivables	1.5	1.5	-2.9
Cash and cash equivalents	12.5	7.1	75.8
Current assets, total	533.9	428.8	24.5
ASSETS, TOTAL	588.3	478	23.1
Consolidated balance sheet	IFRS	IFRS	change,
(EUR million)	31.12.2011	31.12.2010	%
EQUITY AND LIABILITIES
Equity attributable to equity holders of the parent company
Share capital	3.1	3.1	0
Invested free equity fund	92.1	87.8	5
Translation differences	-0.1	-0.1	-47.6
Fair value reserve	0	0
Retained earnings	71	63.8	11.4
Equity attributable to equity holders of the parent company, total	166.2	154.5	7.6
Minority interest	3.5	2.7	26.4
Equity, total	169.7	157.2	7.9
Non-current liabilities
Deferred tax liabilities	1	0.7	43.5
Provisions	5.4	4.2	28.7
Interest-bearing liabilities	90.1	78.8	14.4
Other liabilities	7.8	0.4	1,836.9
Non-current liabilities, total	104.4	84.1	24.1
Current liabilities
Trade and other payables	113.6	78.6	44.6
Current tax payables	2.6	3.4	-24
Provisions	3.9	3.5	11.2
Interest-bearing liabilities	194.2	151.1	28.5
Current liabilities, total	314.3	236.7	32.8
Liabilities, total	418.7	320.8	30.5
EQUITY AND LIABILITIES	588.3	478	23.1
Consolidated cash flow statement	IFRS	IFRS
(EUR million)	1-12/2011	1-12/2010
Cash flows from operating activities
Net profit for the period	5.3	5.2
Adjustments:
Depreciation and impairments	3.8	3.5
Non-cash transactions	3.9	0.7
Financial income and expenses	3.3	4.5
Capital gains on sales of tangible and intangible assets	0	0
Income taxes	5.5	2.8
Adjustments, total	16.4	11.5
Changes in working capital:
Change in loan receivables	-18.9	-2.7
Change in trade and other receivables	-45.6	-9.7
Change in inventories	-30.7	-43.8
Change in trade and other payables	40.1	21.7
Changes in working capital, total	-55.1	-34.4
Interest paid	-9	-7.7
Interest received	3.1	1.7
Dividends received	0	0.1
Income taxes paid	-5.9	-4.2
Net cash flow from operating activities	-45.2	-27.8
Cash flow from investing activities
Acquisition of subsidiaries, net of cash	-0.8	-0.3
Property, plant and equipment	-3.1	-1.5
Intangible assets	-0.2	-0.1
Other financial assets	-6.1	-0.4
Sale of property, plant and equipment and intangible assets	0	0.2
Sale of financial assets	0.5	0
Net cash used in investing activities	-9.7	-2.2
Cash flows from financing activities
Proceeds from loans	29	6
Repayments of loans	-11.5	-6.1
Change in loan receivables	0	0
Change in housing corporation loans	1.5	-2.2
Change in credit limits	35	38.2
Purchase of treasury shares	10.3	0
Dividends paid	-4.1	-4.1
Net cash from financing activities	60.3	31.9
Net change in cash and cash equivalents	5.4	1.9
Cash and cash equivalents at the beginning of period	7.1	5.2
Cash and cash equivalents at the end of period	12.5	7.1