Publications

Publications

Financial Statements

Notes to Balance Sheet,
Business Operations



Note







Non-current assets (mill. EUR) 2.6







Business Operations Group
Intangible assets Land and water areas Roads, land and water constr. Buildings and structures Machinery and equipment, other tangible assets In progress Projects Other shares and holdings, other receivables Total
Acquisition cost on 14 Apr
5.2 2,568.6 94.1 47.4 20.6 13.6 2.7 2,754.6
Reduction in value on 14 Apr
0.0 -4.0 0.0 0.0 0.0 0.0 -1.0 -5.0
Increases
5.3 322.9 1.4 0.2 0.0 2.3 0.0 332.1
Decreases
0.0 3.2 0.0 0.4 0.0 0.0 0.3 3.9
Reduction in value
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Acquisition cost on 31 Dec
10.5 2,884.3 95.5 47.2 20.7 15.9 1.4 3,077.7











Accumulated depreciation and impairment losses 14 April
4.0 4.8 65.9 33.1 18.8 0.0 0.0 128.9
Accumulated depreciation relating to decreases and transfers
0.0 0.0 0.0 -0.2 0.0 0.0 0.0 -0.2
Depreciation during the financial year
0.9 0.0 0.9 0.7 0.2 0.0 0.0 2.7
Accumulated depreciation on 31 Dec
4.9 4.8 66.8 33.6 19.0 0.0 0.0 131.5











Book value on 14 Apr
1.3 2,559.8 28.2 14.3 1.8 13.6 1.7 2,620.6
Book value on 31 Dec
5.7 2,879.4 28.7 13.6 1.7 15.9 1.4 2,946.3











Production machinery and equipment




1.7













Book value on 31 Dec








Business operations
Intangible assets Land and water areas Roads, land and water constr. Buildings and structures Machinery and equipment, other tangible assets In progress Projects Other shares and holdings Total
Acquisition cost on 14 Apr
4.3 2,561.8 94.6 38.6 9.7 13.5 40.7 2,763.3
Reduction in value on 14 Apr
0.0 -1.8 0.0 0.0 0.0 0.0 -29.7 -31.4
Increases
0.0 322.8 1.4 0.2 0.0 0.0 50.6 375.1
Decreases
0.0 3.2 0.0 0.4 0.0 1.7 0.3 5.6
Reduction in value
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Acquisition cost on 31 Dec
4.3 2,879.7 95.9 38.5 9.7 11.8 61.4 3,101.3











Accumulated depreciation and impairment losses 14 April
3.1 1.8 66.4 26.6 9.7 0.0 0.0 107.6
Accumulated depreciation relating to decreases and transfers
0.0 0.0 0.0 -0.2 0.0 0.0 0.0 -0.2
Depreciation during the financial year
0.3 0.0 0.9 0.6 0.0 0.0 0.0 1.8
Accumulated depreciation on 31 Dec
3.4 1.8 67.3 27.0 9.7 0.0 0.0 109.2











Book value on 14 Apr
1.1 2,558.3 28.2 12.0 0.0 13.5 11.1 2,624.2
Book value on 31 Dec
0.9 2,877.9 28.6 11.4 0.0 11.8 61.4 2,992.1











Production machinery and equipment, book value on 31 Dec




0.0


 

Shares in subsidiaries Note 2.7 Holding % Carrying amount in the parent company (EUR)

Metsähallitus





Fin Forelia Oy, Kuopio
100 1,000,000.00


Metsähallitus Forestry Ltd, Rovaniemi
100 50,649,635.81


MH-Kivi Oy, Oulu
100 5,500,000.00


Siemen Forelia Oy, Jyväskylä
100 2,476,000.00

Total

59,625,635.81








Holdings company shares 2.8




Metsähallitus





Oy Estar Studios LTD, Rovaniemi
19.98 0.00








Shares and holding, book value (EUR) 2.9
Business Operations Group 2016 2015 Business operations 2016

Shares in subsidiaries

0.00 0.00 59,625,635.81

Shares in associated undertakings

0.00 967,879.12 0.00

Holdings company shares

0.00 0.00 0.00

Other shares and holdings

716,835.48 755,987.68 1,120,931.35

Joint forest holdings

631,767.14 913,997.27 631,767.14
Total

1,348,602.62 2,637,864.07 61,378,334.30







Investments, other receivables, EUR 2.10



Subscription fee receivables

22,300.00 22,300.00 0.00





















Receivables from public administrative duties, EUR 2.11




Accounts receivable

155,660.13 740,650.18 42,501.67

Prepayments and accrued income

26,673.10 632.00 25,150.00
Total

182,333.23 741,282.18 67,651.67







Receivables from subsidiaries (EUR) 2.12




Accounts receivable

0.00 4,788.05 165,019.79

Other receivables

0.00 0.00 0.00

Prepayments and accrued income

0.00 0.00 106,075.07
Total

0.00 4,788.05 271,094.86





















Other receivables, current (EUR) 2.13




Other prepayments, prepaid expenses

17,948.46 52,908.47 7,290.71

VAT receivables

212,902.93 95,604.94 0.00

Deferred tax assets

1,337,748.06 0.00 1,337,748.06

Other receivables

0.00 0.00 0.00
Total

1,568,599.45 148,513.41 1,345,038.77

 



Note

Current external prepayments and accrued income (EUR) 2.14 Business Operations Group 2016 Business operations 2016

Accrued interest
0.00 0.00

Deferred tax assets
0.00 0.00

Other prepaid expenses/purchase invoices
145,629.75 93,588.16

Other accrued income
46,861.51 0.00
Total
192,491.26 93,588.16





Equity (EUR) 2.15

Basic equity on 14 Apr
2,509,674,701.59 2,509,674,701.59

Transfers of possession
-168,070.20 -168,070.20

Inheritance by the State
0.00 0.00

Changes in land use
1,512,561.17 1,512,561.17

Other
90,495,777.89 90,495,777.89
Basic equity on 31 Dec
2,601,514,970.45 2,601,514,970.45
Other equity on 1 Jan
0.00 0.00

Increase
224,811,974.00 224,811,974.00
Other equity on 31 Dec
224,811,974.00 224,811,974.00
Retained earnings on 1 Jan
117,069,490.73 117,102,658.91
Profit for the period 1 Jan-14 Apr 2016
36,547,986.70 37,468,298.62
Contribution to State revenue
-116,569,037.01 -116,569,037.01
Retained earnings on 31 Dec
37,048,440.42 38,001,920.52
Profit for the financial year
57,136,973.25 51,000,011.48
Equity in total on 31 Dec
2,920,512,358.12 2,915,328,876.45










Provisions (EUR) 2.16


Other provisions (EUR)
915,410.50 0.00
Provision for the reorganisation of subsidiary’s business
3,000,000.00 0.00
Total
3,915,410.50 0.00








6,291,065.75
Total of long-term loans due in a period exceeding 5 years, EUR 2.17 Business Operations Group 2016
Total
2,039,934.70





Amount of debt not paid to the State (EUR)



Debt to the State, withholding tax liabilities, social security contribution liabilities, VaEL, TyEL 2.18 783,461.62 294,505.94





Payables to public administrative duties (EUR) 2.19


Accounts payable
29,988.22 14,717.11

Accruals and deferred income
310,623.72 231,036.14
Total
340,611.94 245,753.25





Payables to subsidiaries (EUR) 2.20


Accounts payable
0.00 180,418.04

Other liabilities
0.00 0.00

Accruals and deferred income
1509.08 713,037.36

Consolidated liabilities
0.00 10,089,652.71
Total
1,509.08 10,983,108.11





Other external liabilities (EUR) 2.21


VAT liabilities
4,564,525.91 2,880,026.73

Withholding taxes and social security contributions and other debts related to statutory personnel expenses (payment of salaries)
669,128.62 206,573.42

Equity reviews
1,277,308.55 1,277,308.55

Other
278,976.00 13,812.20
Total
6,789,939.08 4,377,720.90





External accruals (EUR) 2.22


Differentiated statutory personnel expenses
114,333.00 87,932.52

Holiday pay liabilities, including social security expenses
7,781,425.34 1,915,489.99

Tax averaging
814,564.72 0.00

Other
3,506,258.43 1,094,531.97
Total
12,216,581.49 3,097,954.48