FINANCIAL STATEMENTS 2010 - Finnlines

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24. BANK AND CASH EUR 1,000 2010 2009 Cash in hand and at bank 6,452 6,103 6,452 6,103 The bank and cash item does not include any cheque account overdrafts to be paid on demand. 25. SHARE CAPITAL AND OTHER RESERVES EUR 1,000 No. of shares outstanding (1,000) Share capital 31 Dec 2009 46,821 93,642 31 Dec 2010 46,821 93,642 Share Capital The share capital (ordinary shares) consists of shares in one series. Each share has a nominal value of EUR 2.00 and carries one vote in the AGM. According to the Articles of Association, the maximum share capital was 200 million on 31 December 2010 (200 million on 31 December 2009). All issued shares have been fully paid. As a result of the share issue, 6,129,079 new Finnlines Plc shares subscribed for were registered with the Finnish Trade Register on 25 June 2009. Following the registration of the new shares with the Trade Register, the number of Finnlines Plc’s shares amounts to 46,821,037 shares and share capital to EUR 93,642,074. Share premium account EUR 1,000 2010 2009 Share premium account 24,525 24,525 Share premium account generated during the old Finnish Companies’ Act. Fair value reserve EUR 1,000 2010 2009 Fair value reserve -3,773 -4,822 Fair value reserve 2010 and 2009 includes movements in the fair values of derivative instruments used for cash flow hedging. Unrestricted equity reserve EUR 1,000 2010 2009 Unrestricted equity reserve 21,015 21,015 Of the funds generated from the share issue on 25 June 2009 less the costs related to the offering, EUR 21.0 million were included in the unrestricted equity reserve and EUR 12.3 million in the share capital. Translation differences The translation difference fund contains translation differences arising from the translation of foreign units’ financial statements. Share option schemes The IFRS 2 standard is applied to all share option schemes in which options have been granted after 7 November 2002 but did not vest before 1 January 2005. At the end of the reporting period, the Group had no share option schemes in force. Finnlines did not have on- going option plans in 2009-2010. Ownership of Finnlines Plc The share holding of Finnlines Plc is presented in Note 36. Shares and Shareholders. 32 FINNLINES PLC Financial Statements 2010 (figures in EUR thousand, if not stated otherwise)
26. PROVISIONS EUR 1,000 2010 2009 Non-current provisions 4,562 4,312 Current provisions 30 1,280 4,592 5,592 EUR 1,000 Tax provision Other provisions Total 1 Jan 2010 3,782 1,810 5,592 Increases in provisions 190 190 Used provisions -1,142 -48 -1,190 31 Dec 2010 2,830 1,762 4,592 EUR 1,000 Tax provision Other provisions Total 1 Jan 2009 3,334 3,874 7,208 Increases in provisions 448 35 483 Used provisions -2,099 -2,099 31 Dec 2009 3,782 1,810 5,592 Tax provisions comprise mainly latent tax provisions for differences, which arise in connection with optimisation of tonnage taxation in Germany. Tonnage tax is recorded in income taxes in the Profit and Loss Account. Other provisions contain, above all, dismantling provisions for buildings in the Vuosaari Harbour. Provisions have been made because the buildings are located on leased site and, after the lease period, there is an obligation to clear the site. 27. INTEREST-BEARING LIABILITIES 2010 2009 EUR 1,000 Fair Value Carrying amount Fair Value Carrying amount Long-term interest-bearing liabilities measured at amortised cost Loans from financial institutions 658,758 660,715 672,794 674,050 Pension loans 32,186 32,587 37,582 38,064 Finance lease liabilities 8,290 8,290 8,899 8,899 Instalment loans 14 14 100 100 699,248 701,606 719,374 721,112 Current interest-bearing liabilities measured at amortised cost Loans from financial institutions 133,830 133,830 118,973 118,973 Bank overdraft facilities 3,651 3,651 Pension loans 5,477 5,477 5,477 5,477 Finance lease liabilities 686 686 877 877 Instalment plan debts 85 85 130 130 Commercial paper programme 17,395 17,395 157,473 157,473 129,107 129,107 Total interest-bearing liabilities 856,721 859,079 848,481 850,219 (figures in EUR thousand, if not stated otherwise) FINNLINES PLC Financial Statements 2010 33
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 and 24: 13. EARNINGS PER SHARE UNDILUTED Un
Page 25 and 26: Assets leased through finance lease
Page 27 and 28: Main factors used in calculating va
Page 29 and 30: 21. DEFERRED TAX ASSETS AND LIABILI
Page 31: EUR 1,000 2010 2009 Significant ite
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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