Publications

Publications

Financial Statements

Notes to Profit and Loss Account, Business Operations (EUR)

Turnover by business unit 2.1 Business Operations
Group
15 Apr–31 Dec 2016
Business operations
15 Apr–31 Dec 2016

Forestry Business
218,472,593.48 56,671,572.64

Property development
10,222,604.59 10,473,679.49

Sale of soil and rock resources
2,050,487.55 0.00

Seed and sapling production
7,211,349.94 0.00

Other
289,410.98 1,301,823.58
Total
238,246,446.54 68,447,075.71





of which turnover for public administrative duties
292,855.44 224,834.05
and its subsidiaries
5,972.00 5,972.00
and other subsidiaries
0.00 57,935,060.14





Other operating income 2.2


Gains on the sale of fixed assets
10,350,559.20 10,119,827.00

Income from services to public administrative duties
5,269,969.87 5,167,813.00

Income from services to subsidiaries
994.00 5,363,777.61

Other income
623,609.38 269,216.24
Total
16,245,132.45 20,920,633.85





Depreciation according to plan 2.3


Intangible assets
909,382.59 263,098.47

Depreciation for decrease in substance
45,134.03 20,363.12

Roads
891,238.72 890,888.96

Buildings and structures
734,711.77 591,271.48

Machinery and equipment, other tangible assets
155,375.55 0.00
Total
2,735,842.66 1,765,622.03





Depreciation according to plan, depreciation periods:



Intangible rights, other long-term expenditure

4-5 years

Gravel areas

depreciation for decrease of substance

Roads

primarily 25 years

Fish structures

primarily 10 years

Log floating structures

25 years

Buildings

20-40 years

Structures and facilities

4-10 years

Machinery and equipment

4-8 years

Other tangible assets: asphalting, planting beds

15-20 years
Depreciation according to plan has been calculated by fixed asset. Entry of depreciation begins from the introduction of the asset.





Other interest and financial income 2.5 Business Operations
Group
15 Apr–31 Dec 2016
Business operations
15 Apr–31 Dec 2016
Dividend income from external sources
36,127.96 35,903.96
Dividend income from subsidiaries
0.00 0.00
Dividend income from associated undertakings
0.00 0.00
Interest income
30,729.52 24,865.07
Total
66,857.48 60,769.03





Interest and other financial expenses (EUR)


Interest expenses
122,078.90 83,555.28
Interest expenses to subsidiaries
0.00 0.00
Reduction in value of associated undertakings' shares
0.00 0.00
Reduction in value of subsidiaries' shares
0.00 0.00
Reduction in value from the subordinated loan to subsidiary
0.00 5,000,000.00
Provision for the reorganisation of subsidiary’s business
3,000,000.00 0.00
Total
3,122,078.90 5,083,555.28





Financial income and expenses in total
-3,055,221.42 -5,022,786.25