FINANCIAL STATEMENTS 2010 - Finnlines

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15. PROPERTY, PLANT AND EQUIPMENT EUR 1,000 Land Buildings * Statement of financial position value for tangible fixed assets includes EUR 14.5 million (15.1 million in 2009) in capitalised interest during construction. Advance payments consists mainly of the six newbuildings vessels’ prepayments of EUR 157.2 million (125.8) and capitalised interest of the prepayments of 9.2 million (7.2). Capitalisation of interest in 2010 is based on interest rate of 1.3 per cent (1.3 per cent in 2009). 24 FINNLINES PLC Financial Statements 2010 (figures in EUR thousand, if not stated otherwise) Vessels and Machinery and ship shares equipment Advance payments and acquisitions under construction Total * Reporting period ending 31 Dec 2009 Acquisition cost 1 Jan 339 106,638 1,289,692 109,525 125,401 1,631,595 Exchange rate differences 28 913 940 Increases 1,047 10,407 3,208 12,108 26,769 Sales of assets -206 -206 Disposals -285 -28,788 -49,168 -9,916 -41 -88,198 Reclassifications -19 19 3,924 -3,924 0 Acquisition cost 31 Dec 2009 35 78,943 1,254,854 103,524 133,545 1,570,900 Accumulated depreciation, amortisation and write-offs 1 Jan -32,221 -237,395 -50,010 -319,627 Exchange rate differences -14 -323 -337 Cumulative depreciation on reclassifications and disposals 22,642 13,788 5,969 42,399 Cumulative depreciation on sales of assets 5,030 127 5,157 Depreciation for the reporting period -3,113 -48,003 -7,320 -58,435 Accumulated depreciation, amortisation and write-offs 31 Dec -7,676 -271,610 -51,557 -330,843 Book value 31 Dec 2009 35 71,267 983,244 51,967 133,545 1,240,057 Reporting period ending 31 Dec 2010 Acquisition cost 1 Jan 35 78,943 1,254,854 103,524 133,545 1,570,900 Exchange rate differences 13 13 Increases 18 47,233 154 33,861 81,266 Disposals -37 -405 -3,231 -3,673 Reclassifications 37 355 -355 37 Acquisition cost 31 Dec 2010 72 78,923 1,302,037 100,460 167,050 1,648,543 Accumulated depreciation, amortisation and write-offs 1 Jan -7,676 -271,610 -51,557 -330,843 Exchange rate differences -18 -18 Cumulative depreciation on reclassifications and disposals 403 3,167 3,570 Depreciation for the reporting period -2,835 -48,585 -6,207 -57,627 Accumulated depreciation, amortisation and write-offs 31 Dec -10,510 -319,792 -54,615 -384,917 Book value 31 Dec 2010 72 68,413 982,245 45,845 167,050 1,263,626
Assets leased through finance leases are included in property, plant and equipment as follows: EUR 1,000 31 Dec 2009 Machinery and equipment Buildings Total Acquisition cost 2,305 7,181 9,486 Additions 2,373 2,373 Accumulated depreciation and amortisation -639 -2,062 -2,701 Book value 4,039 5,119 9,158 31 Dec 2010 Acquisition cost 4,678 7,181 11,859 Accumulated depreciation and amortisation -1,247 -2,372 -3,619 Book value 3,431 4,809 8,240 Assets leased through finance leases were machinery and equipment in 2009 and in 2010. 16. GOODWILL AND OTHER INTANGIBLE ASSETS EUR 1,000 Goodwill Advance payments for intangible assets (figures in EUR thousand, if not stated otherwise) Other intangible assets * Total intangible assets Reporting period ending 31 Dec 2009 Acquisition cost 1 Jan 105,644 2,355 27,023 135,021 Increases 905 63 969 Disposals -84 -84 Reclassifications -2,928 2,928 0 Acquisition costs 31 Dec 2009 105,644 332 29,930 135,906 Accumulated depreciation, amortisation and write-offs 1 Jan -16,431 -16,431 Cumulative depreciation on reclassifications and disposals 84 84 Depreciation for the reporting period -2,573 -2,573 Accumulated depreciation, amortisation and write-offs 31 Dec -18,920 -18,920 Book value 31 Dec 2009 105,644 332 11,010 116,986 Reporting period ending 31 Dec 2010 Acquisition cost 1 Jan 105,644 332 29,930 135,906 Increases 812 75 886 Disposals Reclassifications -1 1 0 Acquisition costs 31 Dec 2010 105,644 1,143 30,006 136,792 Accumulated depreciation, amortisation and write-offs 1 Jan -18,920 -18,920 Depreciation for the reporting period -2,493 -2,493 Accumulated depreciation, amortisation and write-offs 31 Dec -21,413 -21,413 Book value 31 Dec 2010 105,644 1,143 8,593 115,380 * Other intangible assets consist mainly of capitalised ERP system implementation projects and ERP licences. These systems and licences are expected to generate economic benefits over a time span longer than the reporting period. FINNLINES PLC Financial Statements 2010 25
Page 1 and 2: FINANCIAL STATEMENTS 2010
Page 3 and 4: BOARD OF DIRECTORS’ REPORT THE CO
Page 5 and 6: elated to this. Other significant r
Page 7 and 8: CONSOLIDATED STATEMENT OF COMPREHEN
Page 9 and 10: CONSOLIDATED STATEMENT OF CHANGES I
Page 11 and 12: NOTES TO THE CONSOLIDATED FINANCIAL
Page 13 and 14: ated companies are consolidated usi
Page 15 and 16: egory includes assets held for trad
Page 17 and 18: In defined benefit plans, the emplo
Page 19 and 20: Segment assets, liabilities and inv
Page 21 and 22: 8. PERSONNEL EXPENSES EUR 1,000 201
Page 23: 13. EARNINGS PER SHARE UNDILUTED Un
Page 27 and 28: Main factors used in calculating va
Page 29 and 30: 21. DEFERRED TAX ASSETS AND LIABILI
Page 31 and 32: EUR 1,000 2010 2009 Significant ite
Page 33 and 34: 26. PROVISIONS EUR 1,000 2010 2009
Page 35 and 36: Finance lease liabilities Finance l
Page 37 and 38: 31. PENSION LIABILITIES The Group
Page 39 and 40: Hedge Accounting The Group has orde
Page 41 and 42: The Group had an interest rate swap
Page 43 and 44: COMMODITY RISK The Group is exposed
Page 45 and 46: with the Helsinki Court of Appeal a
Page 47 and 48: In April 2009, Finnlines Plc's subs
Page 49 and 50: Shares outstanding 31 December 2005
Page 51 and 52: CALCULATION OF KEY RATIOS, IFRS Ear
Page 53 and 54: PROFIT AND LOSS ACCOUNT, PARENT COM
Page 55 and 56: CASH FLOW STATEMENT, PARENT COMPANY
Page 57 and 58: NOTES TO THE FINANCIAL STATEMENTS,
Page 59 and 60: 8. EXTRAORDINARY ITEMS EUR 2010 200
Page 61 and 62: 14. INVENTORIES EUR 2010 2009 Bunke
Page 63 and 64: 18. ACCUMULATED APPROPRIATIONS EUR
Page 65 and 66: CONTINGENCIES AND COMMITMENTS EUR 1
Page 67 and 68: BOARD'S PROPOSAL FOR THE USE OF THE
Page 69 and 70: AUDITOR'S REPORT TO THE ANNUAL GENE

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