FINANCIAL STATEMENTS 2010 - Finnlines

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BALANCE SHEET, PARENT COMPANY, FAS EUR Note 31 Dec 2010 31 Dec 2009 ASSETS Non-current assets Intangible assets 11 8,476,531.85 9,918,922.03 Tangible assets 12 725,708,900.25 720,677,000.37 Investments 13 Shares in group companies 308,594,503.61 312,605,622.53 Other investments 4,379,744.61 5,897,516.36 1,047,159,680.32 1,049,099,061.29 Current assets Inventories 14 4,429,973.54 4,226,545.70 Long-term receivables 15 376,747,345.52 320,693,129.12 Short-term receivables 16 47,321,611.81 113,792,846.49 Bank and cash 4,610,689.03 2,518,097.41 433,109,619.90 441,230,618.72 Total assets 1,480,269,300.22 1,490,329,680.01 SHAREHOLDERS' EQUITY AND LIABILITIES SHAREHOLDERS' EQUITY 17 Share capital 93,642,074.00 93,642,074.00 Share premium account 24,525,353.70 24,525,353.70 Unrestricted equity reserve 21,451,776.50 21,451,776.50 Retained earnings 92,747,356.47 92,747,356.47 Result for the reporting period 0.00 0.00 Total shareholders’ equity 232,366,560.67 232,366,560.67 Accumulated appropriations 18 211,304,180.56 213,650,572.15 Liabilities Long-term liabilities 19 Interest-bearing 784,289,289.79 802,687,495.33 784,289,289.79 802,687,495.33 Current liabilities 20 Interest-bearing 192,743,620.21 199,384,106.76 Interest-free 59,565,648.99 42,240,945.10 252,309,269.20 241,625,051.86 Total liabilities 1,036,598,558.99 1,044,312,547.19 Total shareholders’ equity and liabilities 1,480,269,300.22 1,490,329,680.01 See notes starting on page 57. 54 FINNLINES PLC Financial Statements 2010 (figures in EUR thousand, if not stated otherwise)
CASH FLOW STATEMENT, PARENT COMPANY, FAS EUR 1 Jan-31 Dec 2010 1 Jan-31 Dec 2009 Cash flows from operating activities Result for the reporting period 0.00 0.00 Adjustments for: Depreciation, amortisation & impairment loss 29,890,879.90 13,241,767.70 Gains (-) and Losses (+) of disposals of fixed assets and other non-current assets -291,487.55 -9,544.76 Unrealised foreign exchange gains (-) and losses (+) 97,561.80 Other non-cash items -7,519,907.20 Financial income and expenses 16,735,891.85 7,942,214.13 Income taxes -19.41 -62.72 Other adjustments -3,959,530.59 -42,177,689.03 34,855,827.00 -20,905,752.88 Changes in working capital: Change in inventories, addition (-) and decrease (+) 679,265.10 -2,735,135.26 Change in accounts receivable, addition (-) and decrease (+) -1,734,239.16 -11,909,626.12 Change in accounts payable, addition (+) and decrease (-) 15,034,611.60 15,315,682.55 48,835,464.54 -20,234,831.71 Interest paid -26,501,326.46 -35,570,666.46 Dividends received 761,661.60 Interest received 9,681,223.97 26,416,717.85 Other financing items -1,782,031.30 -1,516,456.75 Income taxes paid 11,495.97 -2,325.47 -18,590,637.82 -9,911,069.23 Net cash generated from operating activities 30,244,826.72 -30,145,900.94 Cash flows from investing activities Investments in tangible and intangible assets -33,151,063.25 -112,880,946.70 Proceeds from sale of tangible and intangible assets 379,138.56 211,205.72 Acquisition of subsidiaries, net of cash acquired -97,286.32 -433,547.52 Disposal of subsidiaries 115.40 206.460.60 Disposal of associated companies 1,650,000.00 Purchase of investments -251,134.00 Proceeds from sale of investments 7,440.80 Proceeds from repayments of loan receivables 17,608,804.08 132,359,880.51 Net cash used in investing activities -13,602,850.73 19,211,918.61 Net cash before financing activities 16,641,975.99 -10,933,982.33 Cash flows from financing activities Proceeds from issue of share capital 33,709,934.50 Proceeds from short-term borrowings 33,744,462.53 10,133,913.25 Repayment of short-term borrowings -33,479,605.04 -25,724,875.65 Proceeds of long-term borrowings 48,721,130.44 27,148,560.90 Repayment of long-term borrowings -65,224,539.86 -76,555,188.45 Hybrid bond 20,905,500.00 Hybrid bond repayment -20,905,500.00 Group contribution received 1,613,139.00 42,177,689.03 Net cash used in financing activities -14,625,412.93 10,890,033.58 Change in cash and cash equivalents 2,016,563.06 -43,948.75 Cash and cash equivalents on 1 Jan 2,518,097.41 2,562,046.16 Cash and cash equivalents in intra-group reorganisations 76,028.56 Cash and cash equivalents on 31 Dec 4,610,689.03 2,518,097.41 (figures in EUR thousand, if not stated otherwise) FINNLINES PLC Financial Statements 2010 55
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 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: PROFIT AND LOSS ACCOUNT, PARENT COM
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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FINANCIAL STATEMENTS 2010 - Finnlines

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