Publications

Publications

Financial Statements

Notes to Balance Sheet



Note







Non-current assets (mill. EUR) 1.7







Metsähallitus 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
6.2 3,721.6 95.9 109.8 30.4 13.7 3.5 3,983.5

Reduction in value on 14 Apr
0.0 -4.0 0.0 0.0 0.0 0.0 -1.0 -5.0

Increases
5.4 113.6 1.4 0.2 0.1 2.2 0.0 122.9

Decreases
0.0 4.6 0.0 1.3 0.0 0.0 0.4 6.3

Reduction in value
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Acquisition cost on 31 Dec
11.5 3,826.6 97.3 108.8 30.4 15.9 2.1 4,095.0












Accumulated depreciation and impairment losses 14 April
4.4 4.8 67.5 59.2 26.1 0.0 0.0 164.4

Accumulated depreciation relating to decreases and transfers
0.0 0.0 0.0 -0.7 0.0 0.0 0.0 -0.7

Depreciation during the financial year
1.0 0.0 0.9 2.0 0.5 0.0 0.0 4.4
Accumulated depreciation on 31 Dec
5.5 4.8 68.4 60.5 26.6 0.0 0.0 168.2












Book value on 14 Apr
1.7 3,712.9 28.4 50.7 4.2 13.7 2.4 3,814.0

Book value on 31 Dec
6.1 3,821.8 28.9 48.3 3.8 15.9 2.1 3,926.9











Production machinery and equipment, book value




3.0













Metsähallitus
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
5.3 3,714.1 96.4 86.7 16.8 13.7 54.2 3,987.2

Reduction in value on 14 Apr
0.0 -1.8 0.0 0.0 0.0 0.0 -30.0 -31.8

Increases
0.0 113.5 1.4 0.2 0.0 0.0 50.6 165.8

Decreases
0.0 4.6 0.0 1.3 0.0 1.8 0.3 8.0

Reduction in value
0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Acquisition cost on 31 Dec
5.3 3,821.3 97.8 85.7 16.8 11.9 74.5 4,113.2












Accumulated depreciation and impairment losses 14 April
3.7 1.8 68.0 53.3 16.5 0.0 0.0 143.3

Accumulated depreciation relating to decreases and transfers
0.0 0.0 0.0 -0.7 0.0 0.0 0.0 -0.7

Depreciation during the financial year
0.4 0.0 0.9 1.6 0.1 0.0 0.0 3.1
Accumulated depreciation on 31 Dec
4.0 1.8 68.9 54.3 16.6 0.0 0.0 145.7












Book value on 14 Apr
1.6 3,710.5 28.4 33.5 0.3 13.7 24.2 3,812.1

Book value on 31 Dec
1.2 3,819.5 28.9 31.4 0.2 11.9 74.5 3,967.5






















Production machinery and equipment, book value on 31 Dec




0.0


 

 

Shares in subsidiaries Note 1.8 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


Kiinteistö Oy Järviluonnon keskus, Rantasalmi
66.7 165,111.43


Nuuksiokeskus Oy, Espoo
68.1 12,200,000.00

Total

71,990,747.24








Holdings company shares 1.9



Metsähallitus





Oy Estar Studios LTD, Rovaniemi
19.98 0.00















Other shares and holdings 1.10
Metsähallitus Group 2016 2015 Metsähallitus 2016
Shares and holdings. book value (MEUR)





Shares in subsidiaries

0.0 0.0 72.0

Shares in associated undertakings

0.0 1.0 0.0

Other shares and receivables

2.1 2.4 2.5
Total

2.1 3.4 74.5







Non-current receivables 1.11
Metsähallitus Group 2016 2015 Metsähallitus 2016

Other receivables

0.0
0.0

Guaranteed deposits

2.2
0.0
Total

2.2
0.0







Receivables from Group’s subsidiaries (MEUR) 1.12

2015 Metsähallitus 2016

Accounts receivable


0.2 0.2

Other receivables


0.0 0.0

Prepayments and accrued income


0.0 0.2
Total


0.2 0.4

 



Note

Other receivables, current (MEUR) 1.13 Metsähallitus Group 2016 Metsähallitus 2016

Other prepayments, prepaid expenses
0.0 0.0

Deferred VAT and tax assets
1.6 1.3
Total
1.6 1.4





Current prepayments and accrued income (MEUR) 1.14


Life projects, accrued income
0.7 0.7

EU Structural Fund projects, accrued income
1.2 1.2

Employment programme projects, accrued income
0.0 0.0

Project receivables, other accrued income
0.3 0.3

Other prepaid expenses, purchase invoices
0.4 0.3
Total
2.6 2.4





Equity (MEUR) 1.15


Basic equity on 14 Apr
2,509.7 2,509.7

Transfers of possession, inheritance by the State
-0.2 -0.2

Changes in land use
1.5 1.5

Other changes, including basic equity return and value adj.
90.5 90.5

Basic equity on 31 Dec
2,601.5 2,601.5






Other equity on 14 Apr
0.0 0.0

Increase
224.8 224.8

Other equity on 31 Dec
224.8 224.8






Other equity of public administrative duties on 14 Apr
1,199.6 1,199.6

Transfers of possession, inheritance by the State
13.5 13.5

Changes in land use, others, incl. the transfer of losses from public administrative duties
-235.8 -235.8

Shareholder investment in purchase of environmental conservation areas
-0.2 -0.2

Other equity on 31 Dec
977.0 977.0






Retained earnings on 1 Jan
106.5 106.6

Profit for the period 1 Jan-14 Apr, previous losses from public administrative duties
47.2 48.0

Contribution to State revenue
-116.6 -116.6

Retained earnings on 31 Dec
37.1 38.0

Profit for the financial year 15 Apr-31 Dec
55.9 50.1

Results for previous financial year and current financial year on 31 Dec
93.0 88.1
Equity in total on 31 Dec
3,896.3 3,891.4





Minority share 1.16


Kiinteistö Oy Järviluonnon keskus
0.5

Nuuksiokeskus Oy
5.1
Minority share in total
5.7





Provisions (MEUR) 1.17
1.5

Other provisions
0.9

Provision for the reorganisation of subsidiary’s business
3.0
Provisions, total
3.9





Total of long-term loans due in a period exceeding 5 years 1.18 Metsähallitus Group 2016 Metsähallitus 2016
Total
2.0 0.0





Amount of debt not paid to the State (MEUR) 1.19


Debt to the State, withholding tax liabilities, social security contribution liabilities, VaEL, TyEL
1.7 1.2





Debts to Group's subsidiaries (MEUR) 1.20
Metsähallitus 2016

Accounts payable

0.3

Accruals and deferred income

0.7

Consolidated liabilities

10.1
Total

11.1





Other liabilities (MEUR) 1.21 Metsähallitus Group 2016 Metsähallitus 2016

VAT liabilities
4.9 3.2

Withholding taxes and social security contributions and other debts related to statutory personnel expenses (payment of salaries)
1.1 0.6

Equity reviews
1.2 1.2

Other
0.2 -0.1
Total
7.5 5.1





Accruals and deferred income (MEUR) 1.22


Differentiated statutory personnel expenses
0.6 0.5

Holiday pay liabilities, including social security expenses
12.5 6.6

Tax averaging
0.8 0.0

Other
4.7 2.3
Total
18.6 9.5