FINANCIAL STATEMENTS 2010 - Finnlines

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36. SHARES AND SHAREHOLDERS Finnlines Plc has one share series. Each share carries one vote at general shareholder meetings and conferes identical dividend rights. As outlined in Finnlines’ Articles of Association, the Company’s miminum share capital is EUR 50 million and the maximum is EUR 200 million. The share capital can be increased or decreased within these limits. The Company’s paid-up and registered share capital on 31 December 2010 totalled EUR 93,642,074. The capital stock consisted of 46,821,037 shares. SHARES Finnlines Plc shares are listed on NASDAQ OMX Helsinki Ltd. A total of 2.9 million shares were traded during the year under review. No treasury shares were held by the Company. The highest quoted price of the Finnlines share during the year was EUR 9.70 and low- est was EUR 6.95. At year-end, the shares’ market capitalisation value was EUR 373 million. SHAREHOLDERS At year-end 2010, Finnlines had 2,222 shareholders. The ten largest shareholders owned 80.77 per cent of the Company’s shares. 14.15 per cent of shareholders were nominee registered. At year-end, Italian Grimaldi Group had a holding of 65.84 per cent of Finn- lines’ shares and voting rights. Finnlines’ share ownership structure on 31 December 2010 * % of shares Private companies 1.15 Financial and insurance companies 3.47 Public entities 11.49 Households 2.88 Non-profit associations 0.83 Nominee registered 14.15 Other foreign 66.03 Total 100.00 Major shareholders at 31 December 2010 * Number of shares % of shares Grimaldi Group, Naples 30,827,572 65.84% Ilmarinen Mutual Pension Insurance Company 4,953,667 10.58% Mandatum Life 773,500 1.65% Pohjola Non-Life Insurance Company Ltd 290,000 0.62% Kaleva Mutual Insurance Company 256,666 0.55% The State Pension Fund 250,833 0.54% Sijoitusrahasto Taaleritehdas Arvo Markka Osake 150,000 0.32% Nordea Life Assurance Finland Ltd 113,466 0.24% Nordea Pro Finland Fund 110,503 0.24% Savings Bank Finland Fund 90,800 0.19% 10 largest total 37,817,007 80.77% Nominee registered 6,623,786 14.15% Other shareholders 2,380,244 5.08% Total amount of shares 46,821,037 100.00% Management holding 1,210,014 shares, 2.58 per cent of shares. * Source: Euroclear Finland Oy 48 FINNLINES PLC Financial Statements 2010 (figures in EUR thousand, if not stated otherwise)
Shares outstanding 31 December 2005-31 December 2010 Option Total amount of Transaction series Options exercised Amount of shares Shares outstanding Own shares shares 31 Dec 2005 20 Jan 2006 40,656,758 40,656,758 Exercise of options 2001B 1,500 3,000 40,659,758 40,659,758 10 Apr 2006 2001A 7,500 15,000 Exercise of options 2001B 8,600 17,200 40,691,958 40,691,958 31 Dec 2006 40,691,958 40,691,958 31 Dec 2007 40,691,958 40,691,958 31 Dec 2008 25 June 2009 40,691,958 40,691,958 Share issue 6,129,079 46,821,037 46,821,037 31 Dec 2009 46,821,037 46,821,037 31 Dec 2010 46,821,037 46,821,037 37. EVENTS AFTER THE REPORTING PERIOD Finnsteve-companies (Finnsteve Oy Ab, Containersteve Oy Ab and FS-Terminals Oy Ab) started co-operation negotiations in the ports of Kotka, Turku and Helsinki with all personnel groups during the last quarter of 2010. These negotiations have resulted in the termina- tion of about 160 employments in total. The Group’s management is not aware of any other events after the end of the reporting period than those described in the Board of Di- rector’s report or these financial statements that could have a material impact on the Group’s financial position or the figures or calcula- tions reported in its Board of Director’s report and financial statements. (figures in EUR thousand, if not stated otherwise) FINNLINES PLC Financial Statements 2010 49
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 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: In April 2009, Finnlines Plc's subs
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

FINANCIAL STATEMENTS 2010 - Finnlines

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